Who will be the next leader of the Federal Reserve? This week we had conflicting news stories about the potential frontrunner. But it seems we are now at the finalist stage, with Yellen and Taylor vying for the job. Each comes with methodological baggage. Yellen is too wedded to […]
KUALA LUMPUR (Oct 29): Mah Sing Group Bhd saw three of its new projects launched across Malaysia over the weekend record an average take up…
The dollar was mostly higher in N.Y. trade on Friday, supported by a better than expected 3.0% Q3 U.S. GDP print. The dollar’s move up was led by EUR-USD losses and USD-CAD gains. USD-JPY though, again gave back the 114 handle, after printing three-month highs post-data. EUR-USD fell to three-month lows of 1.1575, as Madrid/Catalan […]
In the rear view mirror, the preliminary GDP report for Q3 came in at a strong +3.0%. As I pointed out yesterday, however, both long leading indicators in the report — real private residential fixed spending and inflation adjusted proprietors’ income — were negative.
KUALA LUMPUR (Oct 27): Bursa Malaysia Bhd said the stamp duty exemption for exchange-traded funds and structured warrants will boost trading, liquidity and vibrancy in…
KUALA LUMPUR (Oct 27): Malayan Banking Bhd (Maybank) said measures anounced in Budget 2018 are positive for the consumption, infrastructure, tourism and finance sectors. “We are…
KUALA LUMPUR (Oct 27): Based on corporate announcements and news flow today, stocks in focus on Monday (Oct 30) may include: Hua Yang, Nova MSC,…
KUALA LUMPUR (Oct 28): The Edge in its latest cover story reported that Malaysia is underinsured and without timely policy intervention, the odds look stacked…
The dollar got a boost from the ECB, which laid out plans to extend its QE program through the first nine-months of 2018, albeit at lowered purchasing levels. EUR-USD fell to 1.1665 lows, a two-plus month base, from 1.1815 ahead of the policy announcement. USD-JPY topped at 114.03, though was again pushed back from the […]
The euro has remained heavy in the wake of the ECB’s dovish guidance yesterday. EUR-USD clocked a fresh three-month low at 1.1624 during pre-Europe trading in Asia, bringing the cumulative decline since the central bank’s announcement to 1.6%. EUR-JPY posted an eight-day low at 132.59. Market attention today will turn to the political front in […]
The dollar index rallied to three-month highs in European trade, topping at 94.92, as the U.S. House passed budget legislation that opens the door to a tax reform package in the coming weeks. Global equities rallied overnight, with U.S. futures indicating a higher Wall Street open. Solid earnings from the likes of Amazon, Google, and […]
KUALA LUMPUR (Oct 27): Tenaga Nasional Bhd (TNB)’s net profit could be lower by as much as RM1 billion per year if the Energy Commission’s…