Weekly Overview: Jan 2 to Jan 6, 2007

Minutes of Dec. 12 meeting released on last Wednesday, showed the Fed saw more downside economic risks, triggering more concerns upon the economy and inflation.....

YT Kum, CFA 08.01.2007
Facebook Twitter LinkedIn

Minutes of Dec. 12 meeting released on last Wednesday, showed the Fed saw more downside economic risks, triggering more concerns upon the economy and inflation. Worse-than-expected November factory order figure further supported that worry. Although stronger-than-expected job report hinted a healthy economy, the market interpreted as a sign of no near-term rate cut and then triggered a sell-off on Friday. Tech stocks, especially Intel, lead the market last week on the expectations of better earnings. The Dow Jones Industrial Index closed at 12,398.01, down 0.52%; NASDAQ closed at 2,434.3, up 0.78%; S&P 500 lost 8.6, or 0.61%, to 1409.7. Looking forward, the December retail sales figure will be released on coming

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Member.

Register For Free
Facebook Twitter LinkedIn

About Author

YT Kum, CFA  YT Kum is a consultant for Morningstar, contributing to manager selection and asset allocation activities in Asia, and is responsible for providing investment thought leadership on topics relevent to investors in Asia.  

© Copyright 2021 Morningstar Asia Ltd. All rights reserved.

Terms of Use        Privacy Policy        Cookies