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Ringgit ends higher vs US dollar on first trading day of 2021
KUALA LUMPUR: The ringgit ended higher against the US dollar on the first trading day of the year in line with Asia's emerging currencies, as buying interest continued from last week on optimism over global growth recovery in 2021 amid vaccine rollout.
Manufacturing PMI hit four-month high in December
KUALA LUMPUR: The headline IHS Markit Malaysia Manufacturing Purchasing Managers’ Index (PMI) rose to 49.1 in December 2020 from 48.4 in November 2020, indicating an improvement in the health of the country’s manufacturing sector.
The week ahead - Trade indices, S'pore GDP, China PMI, US FOMC,
THE Department of Statistics Malaysia is expected to release Malaysia external trade indices for November today.
China’s non-manufacturing sector PMI eases
BEIJING: The purchasing managers’ index (PMI) for China’s non-manufacturing sector came in at 55.7 in December, down from 56.4 in November, according to the National Bureau of Statistics (NBS).
Gold up on weaker U.S. dollar
CHICAGO, Dec. 30 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Wednesday as the U.S. dollar weakened for the second day in a row.
The Week Ahead - IPI, GDP, PMI
FOLLOWING the long weekend, this four-day week will not be as quiet as trade figures are due.
Roundup: Market fundamentals don't support current oil prices
NEW YORK, Dec. 16 (Xinhua) -- The recent increase of crude oil futures prices to the highest level since early March was mostly driven by upbeat sentiment around COVID-19 vaccines but not market fundamentals, according to multiple research institutions and firms.
Japan’s factory activity stable
TOKYO: Japan’s factory activity came within striking distance of stabilisation in December, a private-sector survey showed yesterday, even as a resurgence in coronavirus cases is taking a toll on economies globally, particularly in Europe.
The Week Ahead - rubber statistics release today
IT is a relatively quiet week ahead for Malaysia with no major economic data releases scheduled. The Statistics Department is expected to release October 2020 monthly rubber statistics today.
China’s economy set to remain on steady keel
BEIJING: China will maintain the consistency, stability and sustainability of its macro policies and strive to keep its economic performance within a reasonable range, premier Li Keqiang said on Tuesday.
