Friday, July 13, 2007

FKLI Intraday EOD : 13-Jul-07

UEMBLDR - Wild Ride Soon


Worth to monitor.
A breakout from 1.85 will make this counter wild!
Support around 1.70, Target price 2.30 - 2.90.

Banner Day for The Dow!

Dow surges 284 points, closing above 13,800 for first time, on aluminum merger, upbeat retail sales numbers.

NEW YORK (CNNMoney.com) -- The Dow soared about 280 points to a record close Thursday, posting its biggest gain in nearly 5 years, on a flurry of takeover activity and some upbeat retail sales numbers.

The Dow (up 283.86 to 13,861.73) surged nearly 284 points, or 2.1 percent, its biggest one-day point gain since October 15, 2002, when the Dow climbed more than 378 points.

So far this year, the Dow is up 11.2 percent.

The broader S&P 500 (up 28.94 to 1,547.70) also finished in record territory after climbing 1.9 percent, eclipsing its prior record hit June 4.

The tech-laden Nasdaq (up 49.94 to 2,701.73) followed, soaring about 1.9 percent on the day.

Thursday, July 05, 2007

Asian Economies Show Growth!

Asian economies show growth, stability 10 years after crisis
Updated : 05-07-2007 Media : The Edge

Asian economies have recovered their growth and stability, 10 years since the Asian financial crisis, sparked by the Thai baht's devaluation in July 1997, Moody's Investors Service said on July 5.

The crisis resulted in the region's economies and markets experiencing huge downturns and shake-outs in confidence.

However, some of the hallmarks of this new landscape include supportive macro-economic factors, such as record foreign exchange reserves, current account surpluses and moderate inflation, Moody's said.

"Regulation and corporate governance have improved, while foreign exchange regimes have become much more flexible," it said.

Furthermore, the region's banking systems have undergone significant changes, including achievement of the healthiest credit metrics in a decade and the establishment of more sophisticated and rigorous risk management systems, it added.

Moody's ratings for individual banking systems in Asia are either stable or stable to positive.

A replay of 1997 is unlikely, given the changes which have occurred. It was also important to note that Asia had overcome other shocks since July 1997, including the tech meltdown in 2000, the terrorist attacks of September 11, the Bali bombings, the SARS scare and more recently bird flu.

However, while there was much to feel good about, complacency and searches for new paradigms need to be eschewed, it said.

"Structural deficiencies remain," it said, adding that reforms must continue.