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World markets themes for the week ahead

LONDON: Following are five big themes likely to dominate thinking of investors and traders in the coming week

A rate hike at the U.S. Federal Reserve's Sept. 25-26 policy meeting is all but certain - taking the rate to 2.00 percent-2.25 percent. And the odds have also increased for a December rise and more bumps up into 2019

Treasury Pulse

THE US dollar weakened by 0.62% to close at 93.912, its seven-week low following the improvement in risk appetite in the global markets while Dow Jones and S&P500 closed 2.3% to 26,657 and 1.5% to 2,931.

Bank Negara forex reserves slip on capital outflow

KUALA LUMPUR: The international reserves of Bank Negara amounted to US$103.9bil as at September 14, 2018, down from two weeks ago.

Hong Kong dollar jumps most since 2003 as liquidity tightens

HONG KONG: The Hong Kong dollar surged the most in 15 years, with analysts citing the prospect of higher rates in the city, stop losses and upcoming holidays as possible triggers.

Asian currencies edge up as markets reassess trade war disruptions

BENGALURU: Asian currencies strengthened for the third consecutive day on Friday, supported by a weaker dollar and shifting views over how much damage the Sino-U.S. trade war will inflict on global demand and export-reliant regional economies.

Ringgit higher against US$ helped by US-Mexico trade agreement

KUALA LUMPUR: The ringgit was stronger against the US dollar early Friday helped by news of a US-Mexico trade agreement, dealers said.

At 9 am ()100 gmt), the ringgit stood at 4.1290/1330 against the greenback from 4.1350/1400 on Thursday.

Auto industry TIV to drop from September

KUALA LUMPUR: CGS-CIMB Research expects the total industry volume (TIV) for the automotive sector to drop post SST-implementation this month due to an increase in average selling prices compared to the tax holiday period.

Indonesia aims to coax, not compel, exporters to convert dollar

JAKARTA: Indonesia's finance minister said the government aims to "persuade" exporters to keep earnings onshore and convert them into rupiah, rather than make this mandatory, amid confusion over a plan floated this week to support the ailing currency.

Some analysts point to tougher rules in Malaysia and Thailand, though also question whether copying them could breach Indonesia's free foreign exchange regime.  Malaysia has, since 2016, required exporters to convert 75 percent of their earnings to ringgit, while Thai exporters must keep export proceeds above a certain amount in authorized banks for 360 days.

Selangor Properties Q3 profit jumps 70%

PETALING JAYA: Selangor Properties Bhd (SPB) has registered a 70% growth in net profit to RM33.2mil for the third quarter ended July 31, 2018 (3Q18), compared to the corresponding quarter last year.

In a Bursa Malaysia filing, SPB said it was increasing marketing efforts to drive sales of units in AIRA Residence project. (File pic shows model of Aira Residence project)

Dollar near 7-week lows as investors look for fresh drivers

LONDON: The dollar neared a seven-week low against a basket of other currencies on Wednesday, while commodity currencies advanced on relief that the latest round of tariffs announced by China and the United States were not as harsh as the market expected.