Friday, March 18, 2011

6.30 pm : KLCI up higher today. HSI up slightly too.

Yes, I will watch a movie today(new TV syndrome. haha) and will like to write what I have in mind(about KLSE and current correction) ... while I do not dare to move in to buy.

10.25 pm : DOW up 120 points.

US stocks advance after G-7 Intervention

By IB Times Staff Reporter March 18, 2011 10:02 AM EDT

US stocks advanced in early trade on Friday after the Group of Seven (G-7) Finance ministers had agreed to intervene in the markets to stabilize the Japanese yen.

The S&P 500 Index advanced 14.24 points, or 1.12 percent, to trade at 1,287.96 at 9:55 a.m. EDT. The Dow Jones Industrial Average gained 136.94 points, or 1.16 percent, to trade at 11,911.53. The Nasdaq Composite Index gained 0.93 percent.

Intervening for the first time in currency markets since 2000, the G-7 officials said that the United States, the United Kingdom, Canada, and the European Central Bank will join Japan in concerted intervention in exchange markets from Friday



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