Saturday, May 30, 2009

Quick Look : May09 market performance


-Strong commodities price in May. The beginning of commodities bull run in anticipation of a recovery in the US economy?

-Crude oil top the list in May09, while April’s champion. FCPO, took a breather last month and rest at the bottom of the list.

-Gold up on weaker dollar across the board rather than a safe-haven bet. Also, US 10-year bond price continues to languish at the year lows.

-Export-oriented countries make double-digit-% gains in May. On this note, KLCI has a lot to catch up and therefore strong upside potential is insight in June..

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