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Waning momentum in the economy may be buoyed by the US consumers as job growth continues to surge but downside risks remain.
KUALA LUMPUR: The FBM KLCI held firm to its early lead as as the market recovered from two days of losses.
HONG KONG: The International Monetary Fund urged Hong Kong’s government to boost spending to support the territory’s convulsing economy, citing a range of risks from trade tensions to political unrest.
NEW YORK: A comment by President Donald Trump that a deal to end the U.S.-China trade war might not come until after the November 2020 election weighed on global stock markets on Tuesday, sending investors to the safety of bonds.
KUALA LUMPUR: UOB Kay Hian Malaysia Research has added IJM Plantations (IJMP) and Genting Malaysia to its December 2019 alpha picks as it expects a listless month and not much window dressing.
A rebound in new business orders and manufacturing has led to hopes for continuous expansion in the US economy, which is on course for a slowdown.
SYDNEY: Asia stocks rose with European and U.S. equity futures as investors mulled the latest move by China that may go some way to easing trade tensions. The yen dipped.