Bursa Malaysia (KLSE) Daily Info Edge Zone

World Share Market Look Too Positive

Durian Edge
Publish date: Thu, 11 Mar 2010, 07:47 AM
Durian Edge
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Since beginning of March 2010, world share market is keep going up and up. The market react like the Greek, Iceland and Dubai problem is not a problem already. All this 3 case is not over yet but the market look like just look into the positive side. It really show that now the market is just build on confident. Base on early of Feb before Chinese News Year, most of the Fung Shui Master is said that this year economic is in the surface is look ok but not solid however is better that last year.

I think this year surely better that last year, just look at total Malaysia export data at 4Q2009. China is the biggest exporter for Malaysia not US and Asia economic is mach more better that Western. Crude oil price also show that world economic is getting better, Crude oil prices remain firmly stuck in the same range they have been in for the last 5 months or so. Within that broader range prices have been gradually trending higher over recent weeks, though the momentum seen during mid-February is fading fast. However, in the interim and amid a general lack of direction, crude oil prices and gold price have resorted to dollar watching.

The market appears to be waiting for something to jolt it back into life, so hopefully it will happen in this year.
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