Monday, April 09, 2007
Markets ar easing in to the post-Easter/post-payroll week, with most of Europe out for Easter Monday today. Thus, it will be tomorrow before one can say that whatever impact last Friday's employment figures might have is truly in the price. If Asian markets are anything to go by, then equities will put in a good performance today and tomorrow. Of course, earnings season lurks like the proverbial 800 pound gorilla, and a series of disappointing out-turns could easily reverse favourable developments on the macro front.
Macro Man took the weekend off, and so didn't post the answers to the previous weekend's quiz on P/E ratios. Congratulations to Sandy, the winner.
The answers were as follows:
Hang Seng 15.6
ISE 100 13.1