Friday January 23, 2009.

DAILY MARKET REPORT.

Thursday Markets Report.

KLCI 879.02 up 5.61.
DJIA 8,122.80 down 105.30 or 1.28% on Microsoft earnings outlook.
Crude Oil US$43.00.
April FCPO 1,870.
Ringgit 3.6070.


NEWS.

ASLI forecast a GDP growth of 4% for Malaysia in 2009.

Comment - A very bullish forecast indeed considering a global recession.


WORLD NEWS.

Deteriorating data on jobs and housing in the U.S.

China 4Q08 GDP slow down to 6.8% and 9% for FY 2008.

Korea GDP shrink to -5.8% in 4Q08.

Singapore unveiled a 6% budget deficit for FY March 2010 and 1% corporate tax cut to 17% as the country grapples with its worst ever recession.