U.S. and European Market Roundup
· The DJIA down 22.07 points to 9,605.41 points.
· U.S stocks broke a five-day winning streak on Friday on a drop in crude oil prices but posted solid gains for the week.
· European shares closed higher on Friday, rising for the sixth consecutive day as miners and banks performed well and strong U.S. macroeconomic data boosted hopes of a swift global recovery.
Macro and Corporate New
· Retailer Padini expects annual sales growth in fiscal 2010 to slow from a year earlier as it expands at a slower pace.
· Mulpha International’s units are disposing of their entire combined stake in Pacific Orchid Investments Ltd, whose group core business is paint manufacturing and trading in petrochemicals, to Hong Kong-listed COL Capital Ltd for RM129.4 mln.
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