MARKET ROUNDUP (Source Bloomberg)
U.S. Stocks Rise On Policy Bets As Earnings Top Estimates: amid better-than-estimated corporate earnings and speculation global central banks will take steps to boost economic growth. About two stocks rose for each that fell on U.S. exchanges at 4 p.m. New York time. The S&P 500 (SPX) added 0.5 percent to
1,401.35. It gained 2.7 percent in three days. The Dow Jones Industrial Average climbed 51.09 points, or 0.4 percent, to 13,168.60. Volume for exchange-listed stocks in the U.S. was 6.4 billion shares, or about in line with the three-month average
European Stocks Rise As Companies Beat Earnings Forecasts: as gains by companies that reported better-thanexpected earnings offset falls by Standard Chartered Plc and Nestle (NESN) SA. France’s CAC 40 Index rallied 1.5 percent. Germany’s DAX added 0.7 percent and the U.K.’s FTSE 100.
Oil At Two-Month High As Equities Gain, Dollar Declines: on optimism that economic growth will accelerate and as tension increased in the Middle East. Crude oil for September delivery increased $1.47 to $93.67 on the New York Mercantile Exchange, the highest settlement since May 15. Prices are up 6.4 percent this month.
CORPORATE NEWS
Eng Teknologi Thai units get RM17m claims: in relation to the floods in Ayutthaya last year, received RM17 million claims from insurance companies.
Padini in Indonesia venture with S'pore's FJ Benjamin: inked a 10-year-deal for the latter to distribute Vincci women's shoes and accessories in Indonesia.
Btimes
China operational woes pull PPB shares down to 2009 lows: shares have fallen to its 2009 lows, likely a reflection of the troubles brewing at the China operations of its 18.3%- owned unit Wilmar International Ltd.
UMW sees higher FY12 earnings: Malaysia's biggest carmaker and assembler by market value, expects full-year profit to increase as auto sales climb and its oil and gas business rebounds from two years of losses.
StarbIz
Source:Jupiter Securities Research 08 August 2012
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