KLCI pulls back on profit taking after rally
KUALA LUMPUR (June 8): The FBM fell 0.42% today as investors resorted to taking profit after a two-day rally and also due to the uncertainties…
KUALA LUMPUR (June 8): The FBM fell 0.42% today as investors resorted to taking profit after a two-day rally and also due to the uncertainties…
KUALA LUMPUR (June 8): Based on corporate announcements and news flow today, companies in focus on Monday (June 11) may include: Axiata Group Bhd, Dialog…
KUALA LUMPUR (June 8): Malaysia Airlines Bhd reported a year-on-year (y-o-y) revenue growth of 2% for the first quarter ended March 31, 2018, as the…
KUALA LUMPUR (June 9): Not only is Jho Low linked to secret ‘red files’ revealed by finance minister Lim Guan Eng last week, Singapore authorities…
The dollar has retained a mixed-to-softer bias, posting a fresh two-week low against the euro and remaining under pressure against sterling and the Swiss franc, though managing moderate gains versus the Australian dollar and holding steady versus the yen. Market attention is now falling more fully on the upcoming G7 meeting (which starts in Canada […]
OVERVIEW Trump’s tough trade talk ahead of G7 keeps investors cautious as emerging market currencies are under pressure. EUR shrugs off weak German data as the focus remains on ECB and rate expectations. GBP weakens after the UK announces Irish border backstop plans. Turkish Lira jumps after central bank hike rates again. HIGHLIGHT
I wanted to write a little more about the Senior Loan Officers Survey that was released early last month. There are aspects of it that serve as long leading indicators, turning well before the economy as a whole does.
The has dollar lost more ground to most currencies, though continued to hold steady against the yen while gaining a little ground on the Australian and Canadian dollars. EUR-USD has extended to a new three-week high of 1.1838, while EUR-JPY has forayed further into two-week terrain. The common currency is registering as the strongest currency […]
The dollar chopped around inside of relatively narrow ranges in N.Y. on Thursday, seeing the DXY range between 93.47 and 93.25, before settling near 93.40, about where it opened. EUR-USD opened at its highs at 1.1849, before printing 1.1799 lows, and settling over 1.1810. USD-JPY fell to 109.48 from highs near 110.10, as yields slipped, […]
SINGAPORE (June 8): OCBC Bank and Wilmar International have inked a deal that pegs the interest rate of the agribusiness group’s existing US$200 million (S$267…
(June 8): China could send fighter jets to escort Kim Jong-un when North Korea’s Air Force One travels through its airspace for a meeting in…
KUALA LUMPUR (June 8): CIMB Investment Bank Bhd said today it is confident on Astro Malaysia Holdings Bhd’s succession plan. This is because Astro is…