U.S. and European Market Roundup
· The DJIA down 50.71 points to 10,041.48 points.
· U.S stocks retreated from 12-month highs on Tuesday as disappointing housing and inflation data prompted investors to book recent gains despite strong results from bellwethers including Apple and Caterpillar.
· European equities retreated from one-year highs to end lower on Tuesday, pressured by weaker than expected U.S housing data, with a sharp decline in Barclays on a stake sale by Qatar dragging down financials.
Macro and Corporate New
· Muar Ban Lee Group, a manufacturer of oil seed crushing machines for the plantation industry, is bidding for RM200 mln worth of jobs and hopes to secure some 3 to 5% of it.
· Supermax Corp the world's second largest rubber glovemaker, plans to pay its first-ever special dividend this year and set a higher dividend policy next year.
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