The market's firm because the U.S. producer price index on Friday wasn't too bad and there is continuing buying from overseas. The index should consolidate at current levels, however, although selling pressure won't be too strong. -George Chan

 

The market's firm because the U.S. producer price index on Friday wasn't too bad and there is continuing buying from overseas. The index should consolidate at current levels, however, although selling pressure won't be too strong.


Comments

There are not yet any comments on this quote. Why not register / login and be the first?




This quote is just one of 9 total George Chan quotes in our collection. George Chan is known for saying 'The market's firm because the U.S. producer price index on Friday wasn't too bad and there is continuing buying from overseas. The index should consolidate at current levels, however, although selling pressure won't be too strong.' as well as some of the following quotes.

The market's firm because the U.S. producer price index on Friday wasn't too bad and there is continuing buying from overseas. The index should consolidate at current levels, however, although selling pressure won't be too strong.

George Chan

There's a lot of competition in the banking sector and the bank's recovery is quite slow so I'm not too bullish on this stock.

George Chan

The market is following the Nasdaq and the Dow Jones higher but there is a lack of buying momentum so it might fall back later in the day.

George Chan

Japan is closed today so the market is taking the U.S. as a reference. But there's not much activity because investors are taking a wait-and-see strategy ahead of Greenspan's speech.

George Chan

The big blue chips like China Telecom and Hutchison have been oversold in the past few days so they're attracting bargain hunting.

George Chan