U.S. and European Market Roundup
· The DJIA up 96.28 points to 9,995.91 points.
· U.S. stocks rose to fresh 12-month highs on on better-than-estimated earnings and speculation the economy is healthy enough for policy makers to unwind efforts to shore up the financial system.
· European shares hit a fresh 12-month closing high on Monday on increasing optimism for the third-quarter corporate earnings season, and with food group Nestle rising after a broker upgrade.
Macro and Corporate New
· RHB Capital plans to finance the deal with a discounted rights issue that will raise up to RM1.3 bln.
· The Sarawak state government has offered to take Sarawak Energy (SEB), the country's second-largest electricity company, private in a deal valued at about RM1.4 bln.
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