U.S. and European Market Roundup
· The DJIA up 96.66 points to 9,441.27 points.
· U.S stocks closed higher on Friday as investors focused on the bright side of a mixed payrolls report that showed smaller-than-expected job cuts in August, although the unemployment rate hit a 26-year high.
· European stocks, drawing some support from better-than-expected U.S jobs data, snapped four days of losses on Friday with banking and mining stocks the major gainers.
Macro and Corporate New
· The kitchen cabinet and wardrobe maker expects its exclusive dealership and outsourcing business model to sustain sales growth of between RM500 mln and RM1 bln.
· Retailer and mall operator AEON Co (M) has scrapped its plan to set up a property trust, one of the company's options to raise funds, as it has enough cash to expand.
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