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PETALING JAYA: Optimism over the Covid-19 vaccine developments and improving corporate earnings will continue to drive global equity markets including Malaysia in 2021, say analysts.
REVIEW: The FBM KLCI’s pullback over the past week, stopping below the 1,600-point level, indicated that the recovery story for the Malaysian market remained shaky.
KUALA LUMPUR: Late selling pressure on selected FBM KLCI stocks including Petronas Dagangan pushed the index into the red on Wednesday while the breadth of the broader market was slightly better.
KUALA LUMPUR: Bursa Malaysia stabilised and managed to recoup part of the earlier losses on Tuesday after the Prime Minister assured there will be no curfew and that civilian government will continue.
NEW YORK: Oil prices steadied on Monday after strong gains last week, as tough coronavirus lockdowns around the world renewed concerns about global fuel demand, while a stronger U.S. dollar also weighed on prices.
NEW YORK:Stocks fell on Monday, slipping from record highs, partly on caution over rising coronavirus cases globally while elevated Treasury yields continued to support the dollar, which touched its highest since December against a basket of peers.
THE dollar started the year on a softer footing, continuing its depreciation trend from 2020 and briefly touching a 32-month low.