Stock Market Update ~ 13-05-2011

US Stock Market
Dow Jones (0.52%), S&P 500 (0.49%) and NASDAQ (0.63%). Oil prices rose almost 1% to settle at $98.97 a barrel. First-time unemployment benefits in the most recent week fell to 434,000, down from the previous week but worse than economists’ expectations. Retail sales rose 0.5% in April

Malaysia Stock Market
FBM KLCI advanced 8.45 points to 1540.74 and most of the Asia and Europe recovered from yesterday losses. GENTING advanced thanks to Genting Singapore which reported strongest quarterly performance ever this quarter with EBITDA of SGD529.1m. MAYBANK reported a 13.4% y-o-y increase in 9MFY11 earnings.

FBM KLCI @ 13-05-2011