MARKET UPDATES :
BRENT crude oil prices fell below US$50 (RM179) a barrel for the first time since May 2009 yesterday as global business growth slowed to its weakest in a year, and analysts said a growing supply glut meant more falls were likely.The pace of global business growth eased to its weakest rate in over a year at the end of 2014 as rates of expansion slowed in both the manufacturing and service industries, according to JPMorgan’s Global All-Industry Output Index, produced with Markit.Benchmark Brent crude futures fell more than US$1 to US$49.92 a barrel just before 0800GMT, reaching levels last seen in May 2009, although prices edged back above US$50 later.
BRENT crude oil prices fell below US$50 (RM179) a barrel for the first time since May 2009 yesterday as global business growth slowed to its weakest in a year, and analysts said a growing supply glut meant more falls were likely.The pace of global business growth eased to its weakest rate in over a year at the end of 2014 as rates of expansion slowed in both the manufacturing and service industries, according to JPMorgan’s Global All-Industry Output Index, produced with Markit.Benchmark Brent crude futures fell more than US$1 to US$49.92 a barrel just before 0800GMT, reaching levels last seen in May 2009, although prices edged back above US$50 later.
STOCK RECOMMENDATION :
BUY FIAMMA HOLDING ABOVE 1.960 TARGET 2.010 2.090 SL 1.910
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