Weekly Overview: Mar 26 to Mar 31, 2007

Global market crossed through a choppy week with mixed endings. .....

YT Kum, CFA 02.04.2007
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Global market crossed through a choppy week with mixed endings.

A huge decline in new home sales and weaker consumer confidence sent US market lower early last week. Ben Bernanke, Fed Chairman, spoke at congressional testimony that US economic outlook is becoming more uncertain, fuelling the worries. Those worries are soon tempered by the stronger-than-expected final read for the fourth quarter GDP growth. A surprising fall in initial jobless claims also gave some supports. The U.S. will begin imposing tariffs on some goods from China, which would possibly trigger a trade war. The latest financial statement of Dell contains some errors, showing its weakness of financial control. For the week, Dow Jones Indust

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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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