The Yen has outperformed amid a coursing risk-off theme, which has been exacerbated by a big miss in Chinese trade data. China’s exports plunged 20.7% y/y, well off the median forecast for a comparatively moderate drop of 4.8%. China’s SSE equity index closed with a loss of 4.4%, while the MSCI Asia-Pacific (ex-Japan) index has […]
The Dollar has traded flat-to-softer against the other main currencies as market participants anticipate the release of the February U.S. jobs report, which is being advertised as coming with downside risk this month (as a consequence of weather, scope for some unwind of robust December and January gains, high claims numbers, and weak producer sentiment). […]
OVERVIEW The mighty dollar takes a hit after disappointing jobs data. NFP comes to just 20k whilst estimate was at 180k. GBP/USD waits near the bottom of a two-week low as investors look to a new parliament vote on March 12th NYMEX WTI Crude loses 3.65% after China records trade contractions.
OVERVIEW The mighty dollar takes a hit after disappointing jobs data. NFP comes to just 20k whilst estimate was at 180k. GBP/USD waits near the bottom of a two-week low as investors look to a new parliament vote on March 12th NYMEX WTI Crude loses 3.65% after China records trade contractions.
The Dollar gave up some ground to end the week, seeing the DXY fall from 97.49 to lows of 97.25 following the weaker U.S. jobs report. Dollar selling after the data was relatively muted, likely due to the impact that weather had on the report. EUR-USD rallied from session lows of 1.1215 to 1.1246 highs. […]
KUALA LUMPUR (March 8): Petroliam Nasional Bhd (Petronas) will continue to engage with Sarawak Petroleum Bhd (Petros) on a working arrangement, as well as other…
KUALA LUMPUR (March 8): George Kent Malaysia Bhd shares rose 9.9 percent, more than any full-day gain since Jan 17, while Malaysia’s benchmark index declined. Market…
KUALA LUMPUR (March 8): Petroliam Nasional Bhd (Petronas) has ramped up its allocation for capital investment in 2019 to “slightly above” RM50 billion, compared with…
KUALA LUMPUR (March 8): Dayang Enterprise Holdings Bhd rose as much as 23 sen or 16.43% to RM1.63 today while its subsidiary Perdana Petroleum Bhd…
MANILA (March 8): Khazanah Nasional Bhd owes the lawmakers and people an explanation about its first pre-tax loss in 13 years in 2018, Tun Dr…
KUALA LUMPUR (March 8): The FBM KLCI closed 7.05 points or 0.42% lower at 1,679.9 after news on China’s export slump and European Central Bank’s…
KUALA LUMPUR (March 8): To calm public concern, the Inland Revenue Board of Malaysia (IRB) has assured that there will not be any audit or…
KOTA KINABALU (March 8): Minister of Law in the Prime Minister’s Department Datuk Liew Vui Keong today said that the Cabinet has agreed to amend…
KUALA LUMPUR (March 8): Based on corporate announcements and news flow today, companies that may be in focus on Monday (March 11) may include the…
KUALA LUMPUR (March 9): Despite the challenging environment, CIMB Group Holdings Bhd, the country’s second largest lender by assets, has set some ambitious targets to…
The Dollar majors have held narrow ranges so far today amid a backdrop of deteriorating risk appetite in global markets. The S&P 500 closed on Wall Street yesterday with a 0.7% loss, and futures of the index are showing a further 0.3% decline in overnight trading. Chinese and Australian equity indexes have managed to retain […]
The Dollar index largely traded sideways overnight, below Tuesday’s two-week high. Risk taking levels have headed lower. This backdrop hasn’t led to a strong safe-haven theme in the forex markets, though moderate Yen strength has been seen, pushing USD-JPY to a one-week low of 111.57. EUR-USD, meanwhile, has continued a narrow orbit of the 1.1300 […]
The Dollar index soared to nearly three-month highs in N.Y. on Thursday, following a dovish ECB announcement and press conference, and sharply lowered EU growth forecasts. This saw EUR-USD fall to 21-month lows of 1.1206, down from opening levels over 1.1310. USD-JPY was again range-bound, despite the steep Wall Street sell-off seen in morning trade, […]
KUALA LUMPUR (March 8): The FBM KLCI shed 0.17% at mid-morning today, tracking losses at regional markets, weighed by Petronas-linked stocks. At 10am, the FBM KLCI…
KUALA LUMPUR (March 8): Ringgit drops to lowest in a month as overseas investors sell Malaysian equities and global growth concerns resurface after the European…
SINGAPORE (March 8): The trial of the largest case of stock market manipulation in Singapore’s history was to have started on March 11. But in…
KUALA LUMPUR (March 8): Datin Seri Rosmah Mansor, the wife of ex-prime minister Datuk Seri Najib Abdul Razak, has been asked by the police and…
KUALA LUMPUR (March 8): Lafarge Malaysia Bhd is seen as a beneficiary of the East Coast Rail Link’s (ECRL) potential revival because the cement manufacturer…
KUALA LUMPUR (March 8): Prestariang Bhd is back in the limelight as rumours spread like wildfire that there could be hope for the company to…
KUALA LUMPUR (March 8): The prosecution’s application to transfer former prime minister Datuk Seri Najib Abdul Razak’s six charges of criminal breach of trust involving…
KUALA LUMPUR (March 8): The prosecution’s application to transfer the case involving former prime minister Datuk Seri Najib Tun Razak for alleged tampering of the…
KUALA LUMPUR (March 8): The FBM KLCI remained in negative territory at the midday break today, as regional markets were spooked by global growth concerns. At…
KUALA LUMPUR (March 8): National oil firm Petroliam Nasional Bhd (Petronas) recorded a 21% decrease in profit after tax (PAT) for the fourth quarter ended…