The dollar has continued to hold steady-to-firmer as markets anticipate a hawkish tweak in the Fed’s policy guidance at tomorrow’s concluding of the FOMC meeting, which starts later today. This sentiment has spilled into global equity markets, souring risk appetite in a richly valued asset environment. Most commodity markets are similarly down for a second […]
OVERVIEW US consumer confidence improves in January. The British economy is performing better than expected. ECB’s caution warranted as German inflation remains lackluster. HIGHLIGHT Q4 GDP from the EU was in line with expectations at 0.6%, allowing year-over-year growth to reach 2.7%, demonstrating that the recent positive momentum in the EU economy is allowing them […]
As promised, once the GDP report came out, I can now give the second part of my 2018 forecast. To forecast Q1 and Q2, I employ the the K.I.S.S. method of following the Index of Leading Indicators plus several other short term data points.
After opening under some pressure, the greenback made a bit of a comeback later in the session, rising against the yen and dollar after Bloomberg reported further comments from Treasury Secretary Mnuchin on the dollar. In congressional testimony, Mnuchin reportedly said he was not trying to jawbone the dollar lower, reiterating his CNBC comments from […]
KUALA LUMPUR (Jan 30): Lower tax and higher non-operating income helped Lotte Chemical Titan Holding Bhd (LCT) record a 30% improvement in net profit to…
KUALA LUMPUR (Jan 30): Telcos Maxis Bhd and Axiata Group Bhd announced they have received the reissuance of their spectrum assignments by the Malaysian Communications…
HONG KONG (Jan 30): In its attempt to cool what are among the fastest-rising property prices in the world, China is pushing its people to…
KUALA LUMPUR (Jan 30): Malaysia stocks closed lower today, with the benchmark FBM KLCI falling 1.94 points or 0.1% as investors booked profits after recent…
KUALA LUMPUR (Jan 30): Proton Holdings Bhd is said to be looking to acquire a piece of land in Tanjung Malim, Perak, measuring 1,500 acres,…
KUALA LUMPUR (Jan 30): Sunway Construction Group Bhd (SunCon) is partnering Singapore-listed Hong Leong Asia Ltd to jointly tender for the lease of a piece…
KUALA LUMPUR (Jan 30): Malaysia Building Society Bhd (MBSB)’s net profit almost tripled in the fourth quarter ended Dec 31, 2017 (4QFY17) thanks to lower…
KUALA LUMPUR (Jan 30): Prime Minister Datuk Seri Najib Tun Razak today said that he was still waiting for “the spark of inspiration” to decide…