Intraday Market Thoughts

Ashraf on CNBC Arabia with English Synopsis

by Ashraf Laidi
Mar 20, 2012 10:37

Ashraf tells CNBCARABIA that one week after the biggest US banks announced a hike in dividend payouts and share purchases, technology blue chip Apple announces a $10 bn stock buyback and the first dividend in 17 years. The news boosted US equities, lifting the NASDAQ by 18% YTD, more than double the DJIA's 8.5%. S&P500 is up 12% YTD. Ashraf adds that the stock-specific news from Apple and JP Morgan are providing a positive response to concerns from the bearish camp pointing to the lack of outright QE3 from the Fed as reason for worry FULL INTERVIEW here:


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