U.S. and European Market Roundup
· The DJIA up 37.11 points to 9,580.63 points.
· U.S stocks closed higher on Thursday as investors turned back an early sell-off, thanks to a rebound in oil prices.
· On breaking news, equity fund flows turn negative as china story losses some of its shine. China’ s resilient growth has been a key driver of flows into emerging market equity funds in recent months.
Macro and Corporate New
· Conglomerate Sime Darby said its fourth quarter net profit slipped 4% to RM984 mln as it made less money from its plantation and utilities divisions.
· Axiata Group a mobile telecoms group, said second quarter net profit jumped 44 per cent from a year ago, driven by foreign exchange gains and a better showing by its units, especially Celcom.
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