REPCO LOW ACQUITTED

Breaking News : Businessman Repco Low was acquitted from share manipulation charges by the Kuala Lumpur Sessions Court Tuesday without his defence being called

Q3 DATA RELEASED DATE CHANGED TO 23 NOV 2006

Please be noted that Bank Negara Website latest stated the quarterly economy growth data will be released on 23 Nov 2006, instead of 22 Nov 2006

Q3 GDP DATA RELEASED ON 22 NOV 2006

Our country, Malaysia is going to announce 3rd quarter economy growth data on 22 Nov 2006.

JPMorgan favours Malaysia stocks for 2007

News from Reuters to share with all

 

HONG KONG, Nov 10 (Reuters) - Stock markets in China, Thailand, the Philippines, Taiwan and Malaysia are likely to produce double digit gains between now and the end of 2007, a top JP Morgan strategist said on Friday.

 

"The news flow will be that the U.S. economy is OK and that the Fed is on hold. It will allow us to focus on the pretty strong fundamentals that you've got in emerging markets. The result of that could be that markets run pretty hard."

 

India is the least attractive of the major Asian markets outside of Japan because its stocks are already trading at very expensive valuations, said Adrian Mowat, chief Asian and emerging markets equity strategist for the U.S. investment bank. "Our message for equity markets for the next year is still a very positive one. I think particularly for the next couple of quarters, we're in quite a sweet spot," Mowat told a media briefing in Hong Kong.

 

 

TIN PRICE SURGES UP

THE price of tin is expected to remain strong within the next 12 months, triggered by continued growing demand and uncertainties in supply. 

 

In the early part of the year, tin was relatively a laggard compared with other hard commodities such as gold, zinc, copper and nickel, which experienced significant price hikes up to over 100%. 

 

Among the top world tin players that should benefit from the strong tin price are public-listed Malaysia Smelting Corp Bhd (MSC), Peru-based Minsur SA, China-based Yunnan Tin Co Ltd and Indonesia-based PT Timah Tbk. 

 

The research unit said the share prices of Minsur, which is listed on the Lima Stock Exchange, Yunnan Tin listed on the Shenzen Stock Exchange and PT Timah listed on the Jakarta Stock Exchange, had increased 10% to 30% over the past three months. 

 

Malaysia's sole tin smelter MSC, whose shares were re-quoted on Bursa Malaysia last Wednesday, saw commendable performance with its share price closing at RM6.00 last Friday. 

 

ZJ Research said tin price experienced significant jump since the second half of the year arising from uncertainties in future supply and demand factors. 

 

Picked from

http://biz.thestar.com.my/news/story.asp?file=/2006/11/13/business/15904009&sec=business

BULL RUN ???

Referring to TheStar Business today at

http://biz.thestar.com.my/news/story.asp?file=/2006/11/13/business/15998391&sec=

 

In a report titled Secular Bull Case For Emerging Market Stocks last week, Merrill Lynch said the Malaysian market rose 92% between Oct 10, 2002 and Oct 27, 2006, as measured on the Morgan Stanley Capital International or MSCI index. That was a gradual rise over four years until it accelerated this month.  

During that four-year period, Malaysia was the worst of 19 emerging markets tracked by Merrill Lynch. Oil-rich Russia topped the list with a surge of 848%, Brazil second with 747% and Czech Republic third with 655%.  

Among the large high-growth economies, India was fifth with a gain of 569% and China sixth with 542%.  

In the Asean region, Indonesia was fourth on the 19-market list, ahead of even India and China, gaining 572%, and Thailand was 12th, rising 347%.  

It must be a relief that Malaysia is at least participating in this long rally.  

Merrill Lynch made a case that there are still legs in this emerging markets bull run. The basis for this is its view of the still emerging, and in some aspects, superior, quality of these economies. Emerging countries, for instance, hold 70% of the world's foreign exchange reserves, and are less prone to contagious crisis than in 1997/98.

There is value in many of the stocks on Bursa Malaysia. Investors here should have more than a glimpse of the rally, as long as the bull run continues in the leading emerging markets. 

DOW'S RECORD HIGH IS "JUST A NUMBER" TO SOME

NEW YORK (Reuters,Tue Oct 3, 2006 5:23pm ET) - It took the Dow Jones industrials nearly seven years to top its last record on Tuesday, but in the eyes of some the new record is "just a number" because slowing economic growth will make future gains even harder to come by.

The 110-year-old Dow rose to 11,758.95, surpassing the intraday record of 11,750.28 set on January 14, 2000, as investors bet on Tuesday that sliding crude oil prices will underpin corporate profits even as economic growth slows.

"It's just a number. It doesn't have the same stocks that it did when it last reached the high and it's not inflation-adjusted," said Bob Millen, a portfolio manager with Jensen Investment Management in Portland, Oregon.

In 2000, investors thought the sky was the limit given that that Dow had shot from 9,000 in 1998, to 11,000 in 1999, before topping out at 11,750 less than a year later. But now many view economic growth as slowing, lessening prospects for corporate profits.

"We have a lot of things that we're looking at, a slowing economy, a collapsing housing market. It's not like we've broken to new highs and it's off to the races. We've clawed our way back to where we were in 2000 and now we've got to climb a wall of worry to get any higher from here," said Shawn Campbell, a principal with Campbell Asset Management in Chicago.

As the Dow made a new high, the Nasdaq traded at 2246, less than half of its 5,132 all-time high set March 2000 while the S&P, at 1336, is 14 percent below its record of 1,552 also set that March.

"I would feel better if the S&P 500 was hitting a new intraday high," said Scott Wren, a senior equity strategist at A.G. Edwards & Sons Inc. in St. Louis. "As far as the market goes ... (the Dow is) a pretty narrow gauge of the stock market, and you don't have super broad participation leading up to the new high."

Oil prices slid 24 percent in the last two months and boosted stocks as investors assumed lower commodity costs would improve corporate profits. But it was soaring energy and other commodity prices that really kicked up shares of companies like Exxon Mobil and Caterpillar Inc. in recent years and underpinned the Dow's rise to the all-time high.

 

Exxon is up 58 percent since January 14, 2000, while shares of Caterpillar have risen 151 percent over the same period.

But it was less exciting for overseas investors.

The average of 30 U.S. stocks -- all of which trade in dollars, naturally -- is up about 9 percent in 2006. But for the euro-zone investor who must first convert to dollars to buy U.S. equities, or a broad market measure like an index or average, the return on the Dow is a scant 1.9 percent.

And even U.S. dollar investors should not be so ecstatic about the Dow average's recent gyrations. Inflation and surging commodities prices have reduced the value of the greenback in real terms, notes Peter Schiff, president of Darien, Connecticut-based Euro Pacific Capital.

That means the Dow average would need to pass 13,700 to get to real record territory, according to Schiff.

 

 

Article from Reuters.com

http://today.reuters.com/news/articlenews.aspx?type=topNews&storyid=2006-10-03T212314Z_01_N03227912_RTRUKOT_0_TEXT0.xml&src=100306_1850_TOPSTORY_dow_charges

US MARKET MOVEMENT MAY AGAIN INFLUENCE OUR MALAYSIA MARKET, EVEN REGIONAL

From previous post, we have discussed about the concern on US investors on interest rate rising again or not. If US investors have big move on their concern, Dow Jones has substantial up or down, then it may again influence our Bursa Malaysia market sentiment in near term. No doubt, the huge economy driving projects, 9MP inclusive SJER (Southern Johor Economic Region) project will drive our economy to another era. In other words, mid and long term perspective on our market is still encouraging.

WORLD MARKET ARE IN CAUTIOUS AGAIN - 5 AUG 2006

US market report on 4 Aug 2006, http://yahoo.reuters.com/news/articlehybrid.aspx?type=comktNews&storyID=urn:newsml:reuters.com:20060804:MTFH41239_2006-08-04_22-30-57_N04261350&pageNumber=1&imageid=&cap=&sz=13&WTModLoc=HybArt-C1-ArticlePage1

 

"Rising interest rates are a negative for stocks because they mean higher borrowing costs for corporations and consumers. Worries that U.S. economic growth has slowed too fast also have kept investors on edge.

 

Stocks rallied early on the jobs report, then reversed course to end down slightly as concerns about slowing growth offset optimism about the possible pause in rate hikes."

 

From the article above, we can see that US market is now in cautious on whether FED raise or not raise interest rate on Tuesday meeting. If FED raises interest rate, it has direct negative relationship to US stock market, if FED decides not to raise interest rate, US market may concern on slowing economy which may contribute to weaken company earnings. Therefore, we can see the negative sides on both decision.

US UNEMPLOYMENT RATE JUMPED, SLOWING ECONOMY MAY LEAD TO INTEREST RATE HIKE PAUSE

By Glenn Somerville

 

WASHINGTON, Aug 4 (Reuters) - U.S. employers added a fewer-than-expected 113,000 jobs in July and the unemployment rate jumped unexpectedly to 4.8 percent, confirming a slowing economy and igniting hopes for an interest-rate pause by the Federal Reserve.

 

Analysts said the key Labor Department jobs report on Friday has made it easier for Fed policy-makers to halt a two-year campaign of interest-rate rises when they meet on Tuesday.

 

Average hourly earnings continued to rise last month, despite signs of developing slack in the labor market.

 

The unemployment rate rose to its highest since a matching 4.8 percent in February, contrary to Wall Street economists' forecasts that it would be unchanged from June's 4.6 percent.

 

"There is no doubt this number has given the market the feeling the Fed is not going to raise rates on Tuesday," said Kevin Flanagan, a bond strategist with Morgan Stanley in Purchase, New York.

 

Bill Gross, the chief investment officer at Pacific Investment Management Co. (PIMCO) in Newport Beach, Calif., predicted flatly: "The Fed will definitely pause on Tuesday."

 

A Reuters poll, conducted after the employment data was issued and influenced by it, found 17 of 22 of the biggest Wall Street firms foresaw the Fed keeping rates on hold on Tuesday. 

 

Stock prices rose strongly in early trading (4 Aug 2006) but, by the end of the day, optimism about a cap on rate hikes gave way to gloom that slower growth might mean weaker corporate profits.

 

Analysts had forecast a more robust 142,000 new jobs would be generated in July. The department revised June's new-job total up to 124,000 from a previously reported 121,000 and said that in May 100,000 jobs were created rather than 92,000.

 

Some analysts said the wage rises might give Fed policy-makers cause to worry that the inflationary impact of costlier labor has not made its way through to prices yet. If so, the U.S. central bank might want to raise rates again.

 

ARTICLE FROM : http://yahoo.reuters.com/news/articlehybrid.aspx?type=comktNews&storyID=urn:newsml:reuters.com:20060804:MTFH40108_2006-08-04_20-51-20_N04442851&pageNumber=0&imageid=&cap=&sz=13&WTModLoc=HybArt-C1-ArticlePage4

WHAT A WEEK : FED RALLY FADES - 4 AUG 2006

Investors spent the week consumed with anticipation about whether or not the Federal Reserve will increase the fed funds rate. Their sigh of relief Friday, when the Labor Department reported a weaker-than-expected payrolls report, quickly turned into a sigh of despair.

 

In a classic "buy the rumor, sell the news" phenomenon, the pre-jobs, pre-Fed rally faded as investors realized that a Fed pause does not guarantee a soft landing in the economy, nor does it necessarily mean an end to more rate hikes. The one thing a Fed pause does mean is that the economy is slowing, and that puts pressure on earnings growth.

 

"The 'Fed is done' fire behind buying stocks has run its course," says Peter Boockvar, chief market strategist at Miller Tabak. "Now it's about, 'look what we're left with.'"

 

On Friday, investors were left with a sinking feeling after early euphoria quickly evaporated. After rising more than 100 points earlier in the day, the Dow Jones Industrial Average fell 0.02% to 11,240.35. The S&P 500 dropped 0.1% to 1279.43, and the Nasdaq Composite slipped 0.35% to 2085.05. For the week, the Dow finished up 0.2%, the S&P rose 1 point to 1279.43, while the Nasdaq fell 0.4%.

 

 

By Liz Rappaport
Markets Columnist
8/4/2006 5:25 PM EDT

http://www.thestreet.com/_yahoo/markets/marketfeatures/10301955.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

 

 

Reuters.com - U.S. stocks flat before Bernanke, Fed minutes - Thu July 20, 2006 10:05 AM ET

STOCTOUCH (stoctouch@yahoo.com) has sent you this article.

Personal message:

U.S. stocks flat before Bernanke, Fed minutes

U.S. stocks flat before Bernanke, Fed minutes

Thu July 20, 2006 10:05 AM ET (Updates to early morning) By Caroline Valetkevitch NEW YORK, July 20 (Reuters) - U.S. stocks were little changed on Thursday as caution before Federal Reserve Chairman Ben Bernanke's second round of congressional testimony offset stronger-than-expected profits from companies such as Apple Computer Inc. (AAPL.O: Quote, Profile, Research) Even with mostly favorable earnings, analysts said investors were worried about making huge bets before Bernanke's testimony and the release of Fed minutes from its recent policy meeting. Bernanke is repeating the Fed's semiannual monetary policy report before the House Financial Services Committee. "There are a lot of positive earnings numbers, but people are cautious in front of Bernanke talking. They're also going to be cautious before the FOMC minutes," said Mark Bronzo, managing director at Gartmore Separate Accounts LLC. The market rallied on Wednesday after comments by Bernanke suggested the central bank may be close to ending two years of interest-rate hikes. Weighing on Nasdaq, shares of Intel Corp. (INTC.O: Quote, Profile, Research) dropped 4.9 percent to $17.58, a day after the world's largest chip maker posted a sharply lower second-quarter profit. For details, see [ID:nN19295880]. The Dow Jones industrial average was up 17.91 points, or 0.16 percent, at 11,029.33. The Standard & Poor's 500 Index was up 0.96 point, or 0.08 percent, at 1,260.77. The Nasdaq Composite Index was down 4.74 points, or 0.23 percent, at 2,075.97. Shares of Apple jumped more than 11 percent to $60.35 after the company said late Wednesday that quarterly profits rose 48 percent, topping analysts' estimates. [ID:nN19294506]. Motorola Inc. (MOT.N: Quote, Profile, Research) shares also advanced after the world's second-biggest cell phone maker said its second-quarter earnings and revenue increased. [ID:nN19286823]. Its shares gained 10.6 percent to $21.27. The minutes from the Fed June 28-29 rate-setting meeting are expected at 2 p.m. (1800 GMT). (Additional reporting by Ellis Mnyandu)

This service is not intended to encourage spam. The details provided by your colleague have been used for the sole purpose of facilitating this email communication and have not been retained by Reuters. Your personal details have not been added to any database or mailing list. If you would like to receive news articles delivered to your email address, please subscribe at go.reuters.com.

� Copyright Reuters 2006. All rights reserved. Any copying, re-publication or re-distribution of Reuters content or of any content used on this site, including by framing or similar means, is expressly prohibited without prior written consent of Reuters. Quotes and other data are provided for your personal information only, and are not intended for trading purposes. Reuters, the members of its Group and its data providers shall not be liable for any errors or delays in the quotes or other data, or for any actions taken in reliance thereon. � Reuters 2006. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

Reuters.com - US stocks rally on Bernanke's inflation comments - Wed Jul 19, 2006 4:31 PM ET

STOCTOUCH (stoctouch@yahoo.com) has sent you this article.

US stocks rally on Bernanke's inflation comments

Wed Jul 19, 2006 4:31 PM ET (Updates to close) By Vivianne Rodrigues NEW YORK, July 19 (Reuters) - U.S. stocks rallied on Wednesday, giving the Dow its second-best day of the year, as the Federal Reserve chairman's comments on inflation suggested the central bank may be close to ending two years of interest-rate increases. Stock investors took their cue directly from Fed Chairman Ben Bernanke, who told the U.S. Senate Banking Committee that he saw core inflation moderating in the coming quarters. For details, see [ID:nN19222626]. That set off a burst of buying that resulted in a single-session record number of stocks advancing on the New York Stock Exchange and drove the S&P 500 back up into positive territory for the year. Financial stocks, which climbed after news of strong earnings from JPMorgan Chase & Co. <JPM.N> and Bank of America Corp. <BAC.N>, got another boost from the central banker's comments. [ID:nN19227702] "The combination of Bernanke's comments, strong earnings from banks and a drop in oil prices, swept the stock market," said Weston Boone, vice president of listed trading at Stifel Nicolaus Capital Markets in Baltimore. "This was a very good day, with a broad rally." The Dow Jones industrial average <.DJI> shot up 212.19 points, or 1.96 percent, to end at 11,011.42. The Standard & Poor's 500 Index <.SPX> jumped 22.95 points, or 1.86 percent, to finish at 1,259.81. The Nasdaq Composite Index <.IXIC> gained 37.49 points, or 1.83 percent, to close at 2,080.71. Shares of JPMorgan, a Dow component, rose 5.8 percent, or $2.34, to $43.05, while Bank of America's stock added 3.1 percent, or $1.51, to $49.95 on the New York Stock Exchange. The Philadelphia Keefe Bruyette index of bank stocks <.BKX> climbed 3 percent. The blue-chip Dow and the Nasdaq extended gains and rose more than 2 percent in the afternoon on news that a U.S. judge struck down a Maryland health-care law in a ruling that was favorable to Wal-Mart Stores Inc. <WMT.N>. [ID:nN19259380] Shares of Wal-Mart, a Dow component and the world's largest retailer, rose 2.4 percent, or $1.03, to $44.20. Still, the Dow's biggest gainer was Boeing Co. <BA.N>. Shares of the aircraft maker and U.S. defense contractor rose nearly 4 percent, or $3.12, to $82.29 as the company and Airbus <EAD.PA> announced deals worth more than $10 billion on Wednesday. [ID:nL19144543] International Business Machines Corp. <IBM.N> also was among the Dow's best-performing stocks, a day after the world's largest computer services company reported higher-than-expected quarterly profit. [ID:n18451499] IBM shares rose 2.4 percent, or $1.81, to $76.07. But Yahoo Inc. <YHOO.O> bucked the trend of positive financial results. Shares of the Internet media company tumbled after a disappointing earnings report and product delays led many Wall Street analysts to cut stock ratings and profit estimates. [ID:nN19236057] Yahoo was among the Nasdaq's biggest percentage losers. It slid 21.8 percent, or $7.04, to $25.20. Bernanke told the Senate committee that the central bank remained worried about pricey oil and tight labor markets and the risk that they might foster expectations for rising prices. After Bernanke spoke, interest-rate futures <FFQ6> pointed to reduced chances that the Fed will hike the benchmark fed funds rate by 25 basis points in August to 5.50 percent. [ID:nN19209893] Analysts said fighting in the Middle East remained a major concern for markets because of the risk that a widening conflict could propel crude oil prices higher. U.S. crude oil for August delivery <CLQ6> fell 88 cents to settle at $72.66 a barrel on the New York Mercantile Exchange. Trading was heavy on the New York Stock Exchange, where about 1.87 billion shares changed hands, above last year's daily average of 1.61 billion. On Nasdaq, about 2.37 billion shares traded, above last year's daily average of 1.80 billion. On the NYSE, advancing shares outnumbered declining ones by a ratio of more than 6 to 1, with more than 2,900 stocks rising on the Big Board, a record for a single day. On Nasdaq, about four stocks rose for every one that fell.

This service is not intended to encourage spam. The details provided by your colleague have been used for the sole purpose of facilitating this email communication and have not been retained by Reuters. Your personal details have not been added to any database or mailing list. If you would like to receive news articles delivered to your email address, please subscribe at www.reuters.com

© Copyright Reuters 2006All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks or trademarks of the Reuters group of companies around the world. Quotes and other data are provided for your personal information only, and are not intended for trading purposes. Reuters, the members of its Group and its data providers shall not be liable for any errors or delays in the quotes or other data, or for any actions taken in reliance thereon. © Reuters 2006. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

REUTERS : Mideast, oil and earnings to roil stocks

News picked from Reuters to share with all, please go to the original news at :

 

http://yahoo.reuters.com/news/articlehybrid.aspx?type=comktNews&storyID=urn:newsml:reuters.com:20060716:MTFH68572_2006-07-16_13-49-34_N16206000&pageNumber=0&imageid=&cap=&sz=13&WTModLoc=HybArt-C1-ArticlePage2

 

Extracted News :

 

By Ellis Mnyandu

 

NEW YORK, July 16 (Reuters) - An escalation of Middle East fighting and crude oil prices close to $80 a barrel will create more angst on Wall Street this week, just as the quarterly earnings reporting season hits full swing.

 

If that doesn't give investors enough to worry about, here is one more thing. Federal Reserve Chairman Ben Bernanke is set to appear before congressional committees on Wednesday and Thursday to testify about the Fed's semiannual monetary policy report.

 

Two major U.S. economic reports, notably the Producer Price Index and the Consumer Price Index for June, will be released this week, along with the minutes of the Fed's most recent policy-setting meeting. Economists polled by Reuters expect that the PPI and the CPI rose in June, in the overall figures and the core indexes, excluding food and energy.

 

Wall Street will watch the PPI and CPI reports for signs of whether the pace of inflation is picking up, and comb through the Fed's minutes for clues on when the central bank might take a break from raising interest rates.

 

The violence in the Middle East, though, will keep Wall Street on edge.

 

"The real concern is not so much Israel going to Lebanon, but it's whether Israel is going to threaten Syria," said Steve Goldman, a market strategist at Weeden & Co. in Greenwich, Connecticut.

 

"With Iran's backing of Syria, that would bring up a whole new issue. It's this lingering concern, which makes it tougher for stocks to rebound at this juncture."

 

Last week, Israel launched a military assault against targets in Lebanon after two of its soldiers were seized and eight killed.

 

The assault drove the price of crude oil up on Friday to a record $78.40 a barrel in electronic trading, fueling concerns that U.S. consumers may cut spending as their gasoline bills soar.

 

For the past week, the Dow Jones industrial average<.DJI> dropped 3.1 percent, while the S&P 500 index <.SPX> shed 2.3 percent, while the Nasdaq <.IXIC> lost 4.4 percent.

 

HOPING FOR A CEASE-FIRE

 

Analysts said if there were any signs over the weekend that the Middle East tensions might ease, then earnings will take center stage in the week ahead. That could give the market a catalyst to crawl back up out of its slump.

 

"The geopolitical risks are a stiff headwind," said Joseph Quinlan, chief market strategist at Banc of America Capital Management in New York.

 

"Over the weekend," he said, "we do need to see a cease-fire ... Hopefully the G8 can craft some kind of deal that lowers the temperature," he added, referring to the Group of Eight summit of industrialized nations, which meets through Monday in St. Petersburg, Russia.

 

But "if things continue to boil, oil prices could break through $80 a barrel, and that would weigh on the stock market early on Monday.

 

EARNING BLITZ

 

In the coming week, the numbers blitz will begin. Earnings reports are scheduled from Dow components Microsoft Corp. (MSFT.O: Quote, Profile, Research), the software maker; diversified health-care company Johnson & Johnson (JNJ.N: Quote, Profile, Research); heavy equipment maker Caterpillar Inc. (CAT.N: Quote, Profile, Research) and diversified manufacturer Honeywell International Inc. (HON.N: Quote, Profile, Research).

 

Apple Computer Inc. (AAPL.O: Quote, Profile, Research), the maker of the iPod digital music player, and Web search company Google Inc. (GOOG.O: Quote, Profile, Research), are among the major technology names and Nasdaq stalwarts set to post their quarterly results, along with chip maker Intel Corp. (INTC.O: Quote, Profile, Research).

 

According to Reuters Estimates, S&P 500 companies' earnings are forecast to rise nearly 10 percent for the quarter. This could lead to a 16th consecutive quarter of double-digit profit growth -- if most companies deliver the standard margin of earnings outperformance of between 2 percent and 3 percent over consensus estimates.

 

"It's going to be important to see that you don't get too many disappointments this quarter because that's going to make the next quarter even more concerning," said Barry Hyman, equity market strategist at EKN Financial Services Inc. in New York.

 

"We could see some upside surprises in health care and staples. The consumer discretionary sector will probably have a lot of misses," said Scott Wren, senior equity strategist at A.G. Edwards & Sons Inc. in St. Louis.

 

FED CHAIRMAN ON THE HILL

 

Bernanke's testimony on Capitol Hill is scheduled for Wednesday and Thursday, starting at 10 a.m. EDT (1400 GMT) each day. On Wednesday, the Fed chairman will speak to the U.S. Senate Banking Committee and on Thursday, he will testify before the House Financial Services Committee.

 

Thomas Hoenig, president of the Federal Reserve Bank of Kansas City, will speak on "The U.S. Economy and Current Challenges in Monetary Policy" on Wednesday before a business leaders' luncheon in Omaha, Nebraska.

 

The minutes of the Federal Open Market Committee's June 28-29 meeting, when it raised interest rates for the 17th consecutive time, will be released on Thursday at 2 p.m. EDT (1800 GMT). 

 

PPI AND CPI FORECAST HIGHER

 

Economists polled by Reuters forecast that the overall U.S. Producer Price index, a gauge of prices received by farms, factories and refineries, rose 0.3 percent in June after a 0.2 percent rise in May. Core PPI, excluding volatile food and energy prices, is forecast up 0.2 percent after a 0.3 percent gain in May. The Labor Department will release the June PPI report on Tuesday at 8:30 a.m. EDT. (1230 GMT)

 

The overall Consumer Price Index is expected to rise 0.2 percent in June after climbing 0.4 percent in May, according to the Reuters poll. Core CPI, meanwhile, is expected up 0.2 percent in June, following a 0.3 percent increase in May. The June CPI report is set for Wednesday at 8:30 a.m. EDT. (1230 GMT)

 

Please log on to http://yahoo.reuters.com/news/articlehybrid.aspx?type=comktNews&storyID=urn:newsml:reuters.com:20060716:MTFH68572_2006-07-16_13-49-34_N16206000&pageNumber=0&imageid=&cap=&sz=13&WTModLoc=HybArt-C1-ArticlePage2

to have more in details news.

MARKET IN TOUCH - 29 JUNE 2006

Time to collecting, buy and hold for the rebound trend to come

 

To further confirm the buying timing, if Down Jones make a good rebound on Thursday Market, it ends the fear of interest rate hike which caused world market to down previously.