KLCI gains 0.54% but still shy of 1,700 level
KUALA LUMPUR (Oct 31): The FBM KLCI rose 0.54% at the midday break today, tracking regional markets, but remained just below the 1,700-psychological level. At 12.30pm,…
KUALA LUMPUR (Oct 31): The FBM KLCI rose 0.54% at the midday break today, tracking regional markets, but remained just below the 1,700-psychological level. At 12.30pm,…
KUALA LUMPUR (Oct 31): Malaysia is still studying ‘very deeply’ whether to follow the footsteps of six nations in ratifying the Comprehensive and Progressive Agreement…
KUALA LUMPUR (Oct 31): Malaysia’s producer price index (PPI) slipped 0.2% year-on-year (y-o-y) in September versus August’s 0.3% decline. PPI measures the average change over time…
KUALA LUMPUR (Oct 31): theedgemarkets.com highlighted 2 stocks with momentum at Bursa Malaysia’s afternoon market close today. Both stocks showed negative momentum. The stocks with positive…
KUALA LUMPUR (Oct 31): IOI Properties Group Bhd said it will be launching projects worth a total of RM3 billion in gross development value (GDV)…
Narrow ranges have prevailed so far today in forex markets. EUR-USD has nudged above 1.1400, but the range has been less than 20 pips. USD-JPY has posted a narrow range so far, marked by 111.77 and 112.04, holding comfortably within the range seen on Friday. While USD-JPY’s fundamentals (yield differentials and the associated contrast between […]
It’s been a slow start to the week in terms of direction in currency markets. EUR-USD ebbed back under 1.1400 after failing to sustain gains above this level. An intraday low was printed at 1.1360 and the pair has since settled around the 1.1380-90 area. Italy’s 10-year yields fell nearly 10 bp to near four-week […]
OVERVIEW British cartel traders were acquitted of rigging currency market US spending and inflation beats estimates, pushes Gold down and the Greenback up. Brexit continues to plague GBP with continued uncertainty HIGHLIGHT
The dollar firmed up in N.Y. trade on Monday, taking the DXY to highs of 96.70, just under Friday’s two-plus month peak of 96.86. Incoming data was mixed, with earnings on the light side, but spending higher than forecast. Risk-on conditions returned, though Wall Street ended well off its highs. EUR-USD was range bound between […]
KUALA LUMPUR (Oct 30): Effective Jan 1, 2019, banks will have to report any cash transactions exceeding RM25,000 in their daily cash threshold report, down…
SINGAPORE (Oct 30): Brent oil prices fell on Tuesday, weighed down by ongoing weakness in global stock markets and by signs of rising global supply despite…
KUALA LUMPUR (Oct 30): Minister of Economic Affairs Datuk Seri Mohamed Azmin Ali said the Pakatan Harapan government welcomes any foreign direct investments (FDIs) into…