[ SINGAPORE: Asian stocks rose to a seven-month peak on Friday, tracking global peers as investors cheered the prospect of an imminent rate easing cycle led by major central banks, keeping the dollar and Treasury yields under pressure. Japan remained an outlier as expectations mount that the Bank of Japan (BOJ) could finally exit negative … Read more
[ NEW YORK/LONDON: Global stock indexes rallied to record highs on Thursday, while government bond yields fell after the European Central Bank held interest rates steady and Federal Reserve Chair Jerome Powell reiterated that easing was likely in 2024 if inflation behaved. The yield on benchmark 10-year U.S. Treasury notes hit a near one-month low … Read more
[ NEW YORK: Wall Street followed world shares to a higher close on Wednesday and the benchmark U.S. Treasury yield dipped to a one-month low after Federal Reserve Chair Jerome Powell reassured investors that while inflation is not quite tamed rate cuts can be expected this year. All three major U.S. stock indexes closed well … Read more
[ KUALA LUMPUR: The local benchmark stock index managed to keep slightly ahead at midday after a volatile session in which early gains were mostly erased in the latter half of the morning. The sentiment on the local bourse has been capped by uncertainty over the impending release of the US personal consumption expenditures report, … Read more
[ KUALA LUMPUR: The volatility in the domestic market in the previous session could continue ahead of the much-anticipated US personal consumption expenditure (PCE) report, which will offer more clues as to the direction of US interest rates. Apex Securities Research said it is expecting the downside to prevail as the PCE, the US Federal … Read more
[ MOST Asian currencies inched lower on Wednesday, while equities were largely mixed, as traders remained cautious ahead of a key U.S. inflation reading due Thursday that could give clues on the timing of rate cuts by the Federal Reserve. The Philippine peso was down 0.5% and the Indonesian rupiah weakened 0.3%, both on track … Read more
[ KUALA LUMPUR: The rally on Wall Street overnight is likely to spill over to the domestic market even as observers note that Bursa Malaysia’s own corporate earnings could lift trading sentiment. “We anticipate the FBM KLCI to trade in positive territory, supported by a slew of stellar corporate earnings and positive sentiment from the … Read more
[ TOKYO: Japan’s Nikkei share average stepped back from near a record high on Monday, weighed down by chip-related shares following losses for U.S. peers on Friday. Nintendo also tumbled following media reports that the successor to its switch game console won’t be released until early 2025, instead of later this year. The benchmark Nikkei … Read more
[ WALL Street’s main indexes ticked lower on Friday after a hotter-than-expected producer prices report pushed back market speculations of imminent interest rate cuts by the U.S. Federal Reserve. A Labor Department report showed U.S. producer prices increased more than expected in January amid strong gains in the costs of services, which could amplify worries … Read more
[ KUALA LUMPUR: Bursa Malaysia reopened after the Chinese New year weekend with renewed bullish sentiment as global markets have turned optimistic on positive US corporate earnings and expectations of normalising inflation rates. Ahead of the release of US inflation data later tonight, the Dow Jones continued to push higher although there was some slight … Read more
