Weekly Overview: Mar 19 to Mar. 24, 2007

US market led global markets to have a bullish week in general .....

YT Kum, CFA 26.03.2007
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US market led global markets to have a bullish week in general.

"Future policy adjustment will depend on the evolution of the outlook for both inflation and economic growth."Fed said after it had decided to hold the key interest rate unchanged at 5.25%, as expected. As Fed didn't mention a word on "additional firming"for the inflationary risk, the market interprets this decision as a hint of a near-term rate cut. The market was hence cheered up. On the positive front, transportation and commodity shares are sparked partly due to the housing report, which said that housing starts in February rebounded after an unexpected slump in January. On the negative side, Motorola issued profit warning for the 1Q07 resul

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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.  

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