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BANK Negara is expected to maintain the overnight policy rate (OPR) at 1.75% during the Monetary Policy Committee meeting on Thursday.
HONG KONG (AFP): Asian stocks were mixed Monday (June 28) as traders took a breather after last week's rally, with concerns about Federal Reserve monetary policy easing as sentiment is driven by the bright outlook for the global economy.
IT is a relatively busy week on the economic data front. The Statistics Department is expected to announce the May 2021 external trade statistics today. It will also released the producer price index of local production for May on Wednesday.
UPDATES on rubber statistics for the month of April 2021 highlighted a relatively quiet week for economic data. The Statistics Department is expected to release rubber statistics tomorrow.
A swathe of data is scheduled for this holiday-shortened week including industrial production index (IPI), manufacturing sales, unemployment rate, and foreign reserves.
CORPORATE earnings will be a focus for investors in view of the economic data releases in the week ahead.
KUALA LUMPUR: The ringgit has opened the week on a positive note, supported by a broadly weaker US dollar, higher oil prices and an enduring global economic recovery despite the "swing and a miss" on Friday's US jobs report, said an analyst.
THE economy’s performance in the first quarter takes the spotlight in this short business week.
BANK Negara’s overnight policy rate (OPR) will take centre stage. The central bank is expected to announce its monetary policy decision on Thursday and its international reserves as at April 30 on Friday.
THE release of the external trade statistics for March 2021 on Wednesday will be closely watched for signs of the country’s improving economy.