Local Market Leads:
♦ Bursa Malaysia kicked off a mild rebound early Thursday, after the US Federal Reserve pledged to maintain the current easy money policy for an extended period.
♦ However, in line with most of the Asian markets, the local bourse turned lower in the mid-day amid concerns that the sovereign-debt problem might spread to other Eurozone members after Standard & Poor’s downgraded the credit rating on Spain, where the size of its GDP is about five times that of Greece and Portugal.
Market Technical Reading - Lack Of Positive Confirmation, Stay Cautious...- 30/04/2010
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