THE first review of the 30-stock Straits Times Index (STI) since its relaunch in January this year has resulted in the entry of two new components - Golden Agri-Resources and Jardine Matheson Holdings - to replace Thai Beverage PCL and Yangzijiang Shipbuilding Holdings. The replacement takes effect on Sept 22.
- Japan's Economy Shrank Annualized 3% Last Quarter
- New Zealand's Retail Sales Fall, Paving Way for Further Interest-Rate Cuts
- Fed May Increase Lending to Banks, Brokers as `Mother of Year-Ends' Nears
- Papademos Says Europe Likely to Avoid Recession, Energy Costs Boost Wages
Things dont look good and everyone knows that, it doesnt look that bad either to be classed as severe. Year end is near, will there be a year-end rally?
Fed after saving Funny and Funny will be taking further measures to support the crunch issues. Their measures will revive confidence and serve as a short term booster to the markets. Watch further economic data for signs of recovery.
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