Tuesday, December 18, 2007

Goldman Sachs surprise; Apple rallies

Our market should respond favourably to news that Goldman Sachs Group profit has exceeded analysts estimates. Also costs of borrowing Euro fell today after the European Central Bank injected an unprecedented $500 billion into the banking system to ease gridlock in the credit market and prevent a global recession.

For those who have Apple-CA call warrants, possibly more cheers tomorrow. Apple Inc. rallied on speculation the company plans to sell the iPhone in Japan
.

Update 1 (19 Dec Msian time
0004): Apple Inc early gains reversed after less than 1 hour of trading.

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