[ KUALA LUMPUR: Bursa Malaysia turned bearish in yesterday’s trading as the global sentiment turned negative on anxieties over the policy direction of the US central bank. The benchmark FBM KLCI dove over seven points or 0.5% on profit-taking activities, marking the start of further declines in the week ahead. Meanwhile, the lower liners are … Read more
[ KUALA LUMPUR: Malaysia’s benchmark stock index climbed on Monday as China defied expectations of an interest rate cut but injected fresh funds into the banking system. At 12.30pm, the FBM KLCI was up 8.67 points to 1,496.01 while the overall market was positive with 463 gainers compared to 417 decliners. Trading over the morning … Read more
[ KUALA LUMPUR: The profit-taking activity on Bursa Malaysia intensified over the early session as investors cashed in on recent gains after buying up the market for five straight days. At 12.30pm, the benchmark FBM KLCI had fallen 10.3 points to 1,488.53 while the number of decliners on the broader market dwarfed gainers 611 to … Read more
[ Emerging Asian currencies were range-bound on Tuesday, while most equities in the region edged higher, as traders awaited inflation data from the U.S. for clues on the Federal Reserve’s monetary policy stance this year. The baht strengthened 0.5% against the U.S. dollar after a major sell-off on Monday following Thai Prime Minister Srettha Thavisin’s … Read more
[ SYDNEY: Asian shares tracked Wall Street higher on Wednesday as U.S. rate cut fever lingered, while oil held on to gains from the past two days after Houthi militants’ attacks on ships in the Red Sea disrupted maritime trade. The yen nursed losses near a one-week trough and Japanese yields extended declines after the … Read more
[ SYDNEY/LONDON: Shares and bonds on Friday globally continued to bask in the glow of Wednesday’s Fed meeting, with MSCI’s world share index set for a seventh straight winning week, its longest run in six years, and the benchmark 10-year Treasury yield below 4%. Europe’s broad STOXX 600 benchmark traded at a 23-month high, up … Read more
[ KUALA LUMPUR: The domestic market picked up on the positive global sentiment for equities following the US Federal Reserve’s signal that it would begin rate cuts next year. The benchmark FBM KLCI rallied 5.78 points to 1,453.82 as investor bets on a more dovish US were rewarded following the end of its latest Federal … Read more
[ US STOCKS were poised for a higher open on Wednesday as fresh data signaled signs of cooling inflation ahead of the Federal Reserve’s final policy decision of the year, where it is widely expected to leave interest rates unchanged. The Labor Department’s report showed the Producer Price Index (PPI) for final demand rose 0.9% … Read more
