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Asian shares dither ahead of ECB outcome
SYDNEY: Asian shares were cautious on Thursday, shrugging off a tech-fuelled rally on Wall Street while the euro hovered near two-month lows as soft economic data bolstered expectations of rate cuts in Europe.
Ringgit rises against greenback ahead of ECB meeting
KUALA LUMPUR: The ringgit recovered from two days of losses to open higher against the US dollar this morning on renewed interest.
Central bankers playing dangerous game with asset prices
HONG KONG: The world’s central banks are in danger of storing up problems for later by taking action to ensure the economic expansion stays on track.
KLCI stays little changed, expectations rise for ECB rate cut
KUALA LUMPUR: The FBM KLCI continued to trend sideways as investors took caution ahead of a European Central Bank (ECB) meeting later today.
Petronas Chemicals' late rebound lifts KLCI
KUALA LUMPUR: Petronas Chemicals' late rebound helped the FBM KLCI to close at the dat's high on Thursday amid a weaker broader market.
Wall Street gives up record high following weak results
NEW YORK: Wall Street fell from record highs on Thursday following a flurry of downbeat quarterly results from Ford Motor and other companies and after European Central Bank chief Mario Draghi's comments disappointed investors hoping for a more dovish stance on monetary policy.
Asian shares dip on mixed US earnings
TOKYO: Asian share prices opened a tad lower on Friday on mixed U.S. earnings reports and the euro held above two-year lows struck overnight after the European Central Bank held interest rates steady, though officials said a cut was certain in September.
KLCI in the red despite gains in Genting stocks
KUALA LUMPUR: The FBM KLCI fell in early Friday trade, in line with the cautious key Asian markets after the overnight decline on Wall Street but Genting Malaysia and Genting helped cushion the decline.
Ringgit slips against US$ following hold on ECB policy rate
KUALA LUMPUR: The ringgit was lower against the US dollar in the early session today as buying sentiment for the local note was hampered by a stronger greenback.
KLCI slips below 1,650 as ECB decision sparks disappointment
KUALA LUMPUR: The FBM KLCI slipped below the 50-day simple moving average on Friday following news that the European Central Bank was holding its interest rate steady.