KLCI drops 0.98% as lockdown concerns dampen market sentiment
KUALA LUMPUR (Jan 11): The FBM KLCI finished 15.94 points or 0.98% lower at 1,617.25 on Monday, as concerns of another possible lockdown amid rising…
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Tony Fernandes: AirAsia Group not switching to Boeing despite Airbus cancellations
KUALA LUMPUR (Jan 11): AirAsia Group Bhd is not looking to switch to ordering aircraft from planemaker Boeing despite cancelling orders from Airbus last year,…
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Dow Jones, Nasdaq 100, FTSE 100 Forecasts for the Week Ahead
Stocks pushed to new heights last week as they creep into overbought territory after more than two months of essentially continuous gains. Can they continue to push higher despite running hot?
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Crude Oil Technical Outlook: Oil Surges on Saudi Surprise – Key Levels to Watch
Strong start to 2021 as crude oil soars on Saudi surprise and market melt-up.
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British Pound Forecast: Sterling Rally Falters at Trend Resistance
British Pound snapped a three week-winning streak with the Sterling rally stalling at technical resistance. Here are the levels that matter on the GBP/USD weekly chart.
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These stocks in the limelight in the first trading week
KUALA LUMPUR (Jan 9): The FBM KLCI managed to end the week in the positive zone after it started the first trading week on a…
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Covid-19: Malaysia sees 2,451 new infections; active cases surge to record high beyond 26,000
KUALA LUMPUR (Jan 9): Malaysia today saw 2,451 new Covid-19 cases, while total active cases rose to a fresh peak of 26,185. Since Tuesday, today was…
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Machang MP withdraws support for PN govt
KUALA LUMPUR (Jan 9): Machang Member of Parliament (MP) Datuk Ahmad Jazlan Yaakub has withdrawn support for the Perikatan Nasional (PN) government. “I hereby withdraw my…
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Indonesian plane loses contact after take-off, with more than 60 thought to be aboard
JAKARTA (Jan 9): A Sriwijaya Air plane thought to have 62 people on board lost contact after taking off from Indonesia’s capital Jakarta on Saturday and rescuers said suspected…
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Genting unlocks value of life science division via potential listing of SPAC
KUALA LUMPUR (Jan 10): Few may pay much attention to Genting Bhd’s life-sciences division. However, the biotech unit could be reaping its fruits via listing,…
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Axiata denies part-financing Nepali local partner’s purchase of stake in Ncell
KUALA LUMPUR (Jan 10): Axiata Group Bhd has denied it had part-financed its Nepali local partner’s purchase of the remaining 20% stake in Ncell in 2016. In…
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XE Market Analysis: North America – Jan 08, 2021
The dollar’s correlative pattern with stock markets has inverted, with the currency now rising in step with rallying global stock markets. The catalyst for the change was the Democrat wins in the Georgia runoff elections, which heralds the prospect of much greater deficit spending and warranting higher growth expectations for the U.S. economy. U.S. Treasury […]
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XE Market Analysis: Asia – Jan 08, 2021
The Dollar continued to head higher in Friday afternoon trade, marking its third day of advances. The weaker jobs report took the USD to session lows, with nonfarm payrolls turning negative for the first time since April, though the jump in earnings offset to a degree, allowing the Greenback to recover. Later, the pullback on […]
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