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Alphabet, Starbucks drive Wall Street to record high
NEW YORK: Robust earnings from Alphabet and Starbucks pushed the S&P 500 and Nasdaq indexes to record highs on Friday, with support from data showing U.S. economic growth slowed less than expected in the second quarter.
Bursa strikes a bearish note
REVIEW: There was a persistent sideways movement on the FBM KLCI ahead of key interest-rate decisions by the US Federal Reserve and European Central Bank (ECB).
Oil ekes out weekly gain as US stockpiles fall
SINGAPORE: Oil is set for a weekly increase as US crude stockpiles tighten and as lingering tensions surrounding Iran stoke concerns that energy flows from the Middle East may be disrupted.
Top five topics investors will likely be looking out for this week
Top five themes investors are likely to look out for this week
Get ready for the world economy’s biggest week of 2019
LONDON: There will be no chance of a summer break for investors or policymakers in coming days as they brace for what might be the busiest week for the world economy this year.
Trading ideas: Genting Malaysia, Pavilion REIT, Caring Pharmacy, Vitrox, CMMT and BAT
KUALA LUMPUR: Stocks to watch for on Monday according to JF Apex research include Genting Malaysia, Pavilion REIT, Caring Pharmacy, Vitrox, CMMT and BAT.
Ringgit flat against US$ amid dovish ECB comments
KUALA LUMPUR: The ringgit opened flat against the US dollar in the early session today with the greenback remaining firm amid dovish European Central Bank’s (ECB) policy stance.
Foreign funds sellers on Bursa at net RM53.4m
KUALA LUMPUR: Foreign funds remained net sellers of Malaysian equities in the week ended July 26 at RM52.40mil, the largest weekly foreign net outflow in six weeks, MIDF Research says.
Europe about to find out how bad the economy is
ZURICH: Mario Draghi didn’t pull his punches when he said the economic outlook is getting "worse and worse.” This week, he’ll get more insight into how bad it really is out there.
A Fed interest rate cut is in the bag. What then?
SAN FRANCISCO: US central bankers are expected to lower borrowing costs this week for the first time since the depths of the financial crisis more than a decade ago. That's the easy part.