Wednesday, May 30, 2012

Malaysia Market

Malaysia Market

FBM KLCI continually ended positive as investors’ confident backed due to China wants to stimulate their economy. The FBM KLCI ended up by 3.8 points last Friday to 1,554.9 and The FKLI spot month contract closed higher by 3.0 points to 1,552.5 the futures index closed at a volume of 9,397 lots and open interest at 22,771 contracts.

European stocks were little changed, following last week’s rally for the region’s equity benchmark, as a selloff in banks offset Greek opinion polls that eased concern the country will leave the euro. Meanwhile, Asian markets ended higher on Monday after opinion polls in Greece showed a lead for a party favoring the country’s economic bailout in upcoming elections, with mainland Chinese stocks rising amid expectations for a policy stimulus.

Today market may see to be traded higher due to investors’ confident backed as China wants to stimulate their economy and followed by better sentiment in European countries.  We see new support levels at 1550 and 1537 while the resistance levels are at 1561 and 1572.

US Market

US markets closed for US Memorial Day.

U.S. stock-index futures advanced as Greece’s pro-bailout New Democracy party came top in opinion polls before next month’s election, boosting speculation the nation can implement austerity measures and keep the euro.

 Malaysia Market

FBM KLCI continually ended positive as investors’ confident backed due to China wants to stimulate their economy. The FBM KLCI ended up by 3.8 points last Friday to 1,554.9 and The FKLI spot month contract closed higher by 3.0 points to 1,552.5 the futures index closed at a volume of 9,397 lots and open interest at 22,771 contracts.

European stocks were little changed, following last week’s rally for the region’s equity benchmark, as a selloff in banks offset Greek opinion polls that eased concern the country will leave the euro. Meanwhile, Asian markets ended higher on Monday after opinion polls in Greece showed a lead for a party favoring the country’s economic bailout in upcoming elections, with mainland Chinese stocks rising amid expectations for a policy stimulus.

Today market may see to be traded higher due to investors’ confident backed as China wants to stimulate their economy and followed by better sentiment in European countries.  We see new support levels at 1550 and 1537 while the resistance levels are at 1561 and 1572.

US Market

US markets closed for US Memorial Day.

U.S. stock-index futures advanced as Greece’s pro-bailout New Democracy party came top in opinion polls before next month’s election, boosting speculation the nation can implement austerity measures and keep the euro.

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