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The US markets emphatically broke their four-week losing streak in the week ended July 17, 2009, as investors turned optimistic about economic recovery amid strong corporate earnings and US manufacturing data. Goldman Sachs reporting a record net profit of USD3.44 billion and strong earnings from Intel Corp and Johnson & Johnson allayed investors’ fears that [...]
Markets across the world rallied despite weak economic indicators, reflecting the increasing risk appetite of global investors. Most global indices rose during the week ended April 17, 2009, as higherthan-expected earnings from financial companies provided some solace to investors.At US$1.81billion, Goldman Sachs’ earnings for the first quarter of 2009 were better-than-expected, boosting investor confidence even [...]
