Morning Brief - Tuesday, 09 February 2010

US market slumped with DJIA closed below 10,000 for the fist time since November last year on concern European countries will disrupt economy recovery after the government failed to announce details plans to solve the budget deficits issue.

According to John Roque, the New York-based chief technical strategist at WJB, Shanghai market may retreat another 8.6% after property index slumped to 9 month low,

Economists are generally positive on Malaysia export, expected to see double-digit growth this year, higher than the 3.5% forecast made by the government. This is in line with recent recovery of the USD.

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