Prestar jumps 7% to three-month high on solid 3Q earnings
KUALA LUMPUR (Nov 26): Shares in steel product and equipment maker Prestar Resources Bhd rose to their highest in three months this morning after the company’s net…
KUALA LUMPUR (Nov 26): Shares in steel product and equipment maker Prestar Resources Bhd rose to their highest in three months this morning after the company’s net…
KUALA LUMPUR (Nov 26): The Parliament proceedings will be in session today until debates on Budget 2021 are concluded. At the start of today’s proceedings, Minister in the…
The dollar and yen came under pressure as risk-on positioning re-established. Pound outperformance was another theme. The MSCI Asia-Pacific ex-Japan stock index hit a new record high. Europe’s Stoxx 600 pared early gains, leaving last week’s eight-month highs unchallenged, but remained remaining buoyant. S&P 500 E-mini futures were showing a 0.5% gain as of the […]
The dollar bloc and other commodity and cycle currencies have gained amid risk-on positioning in global markets, though many bellwether equity indices and commodities remain off recent trend highs, while Chinese markets fell after recent strong gains. Australia’s ASX 200 still rallied to a new eight-month high. EuroStoxx 50 and S&P mini futures posted 0.5%-plus […]
The Dollar ran higher into the N.Y. open and beyond on Tuesday, taking the DXY from 92.19 to 92.55. The USD advanced versus all the major currencies, seemingly on the back of the formal start to the transition to a Biden presidency. Gains were later partly reversed, perhaps as risk-taking levels surged. The DJIA headed […]
NEW YORK/BENGALURU (Nov 24): The Dow breached 30,000 points for the first time on Tuesday, as investors bet on a swift economic recovery next year,…
KUALA LUMPUR (Nov 24): Based on corporate announcements and news flow today, stocks that may be in focus tomorrow (Nov 25) include: Berjaya Land Bhd,…
NEW YORK (Nov 25): U.S. stocks rallied on Tuesday and the Dow breached the 30,000 level for the first time, as investors anticipated a 2021…
(Nov 25): The Dow Jones Industrial Average clocked its fastest 10,000 point run up to cross 30,000 for the first time on Tuesday, giving the…
NEW YORK (Nov 25): Stocks hit record highs on Tuesday while bitcoin and oil prices also rose as political uncertainty subsided after U.S. President-elect Joe…
WILMINGTON, Del., (Nov 25): President-elect Joe Biden said on Tuesday the United States will be “ready to lead” again on the global stage, turning the…
(Nov 25): More than US$500 million worth of Australian coal is on ships anchored off Chinese ports, as a diplomatic spat between the two countries…