Australian Market Report of July 31: To Extend Solid Gains
US stocks broadly surged on Thursday fueled by the better-than-expected earnings reports. The market's rally pushed the major indexes to their highest closes of the year.
US stocks broadly surged on Thursday fueled by the better-than-expected earnings reports. The market's rally pushed the major indexes to their highest closes of the year.
Capital Estate Limited ("Capital Estate"/ "the Company") (HKG:0193) is pleased to announce today that Company has appointed Mr. Sio Tak Hong ("Mr. Sio") as the Chairman and executive Director of the Company, and re-designated Mr. Chu Nin Yiu, Stephen, Executive Director, to Chief Executive Officer. The appointment and re-designation are effective from 28 July 2009.
US stocks closed slightly higher on a strong sign of recovery in US housing sector. The Commerce Department said on Monday that sales of new homes rose by 11% in June. Earning news dominated the market in recent trading sessions with most of the reports beating the expectation.
US stocks rose on Friday after Federal Reserve Chairman Ben Bernanke said the central bank is winding down its emergency lending programs established to end the financial crisis.
Wall Street finished mixed overnight. Dow and S&P 500 indices ended their rising streak while Nasdaq posted its 11th straight rise led by Apple and Yahoo. Investors started to lock in their profits from a series of rallies driven by earnings reports.
Capital Estate Limited ("Capital Estate"/ "the Company") (HKG:0193) is pleased to announce today that the transaction of Fullkeen Holdings Limited ("Fullkeen") is approved by the independent shareholders at the Extraordinary General Meeting held today.
Yesterday Australian shares slightly fell on weaker base metal prices. The benchmark S&P/ASX200 index dropped 16.8 points, or 0.4 per cent, at 3766.9 points while the broader All Ordinaries index had shed 16.4 points, or 0.4 per cent, to 3767.8.