THE US stockmarkets remained cautiously optimistic this week after a sustained rally on Wall Street. Following two days of record highs by the Dow Jones which reached 8314.55 on Wednesday, stocks started weaker yesterday (Thursday), initially losing some 70 points. By the close of the market however, stocks had soared again to reach 8369.60. While acknowledging that the continued threat posed by the problems experienced in Asia remained, several banks agreed that it remained under the surface and was not directly deterring investors.
February 13, 1998