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KUALA LUMPUR: The rally on the FBM KLCI stalled on Friday although the market looks set to end the week in positive territory.
NEW YORK: Oil futures gave up early gains and settled narrowly mixed on Thursday, as OPEC and its partner Russia gave mixed signals about possible further output cuts to mitigate the impact of any weakening in global demand due to the coronavirus outbreak.
KUALA LUMPUR: Strong gains in MISC and the banking sector helped to keep the positive momentum going on the FBM KLCI, which extended its rebound for a third straight day.
NEW YORK: Oil prices jumped about 2% on Wednesday on media reports that suggested scientists were developing a vaccine for the fast-spreading coronavirus, even as world health experts said treatments have not yet been found.
NEW YORK: The dollar gained and a gauge of global equity markets surged for a third day on Wednesday, as investors cheered expectations of more central bank stimulus and reports that scientists were developing a vaccine for the deadly coronavirus.
LONDON: The oil market looks set for at least four months of depressed demand because of China's coronavirus outbreak, with a large crude surplus not expected to clear at least until August, analysts and traders said.
NEW YORK: The dollar strengthened and global equity markets surged on Tuesday, with Wall Street's Nasdaq index hitting a record high, as investors took heart from China's efforts to minimize the economic impact from the coronavirus epidemic.
KUALA LUMPUR: The FBM KLCI's rebound picked up steam heading into midday, retracing over 18 points as investors bargain-hunted following the recent selldown.
SINGAPORE: Oil prices rose on Tuesday, matching moves in other financial markets as investors regained calm after Monday's sharp sell-off on fears of the impact of the China coronavirus on demand sent crude to its lowest level in more than a year.
NEW YORK: Oil prices fell to the lowest in more than a year on Monday as the coronavirus outbreak curtailed Chinese demand and sparked potential supply cuts by OPEC and its allies.