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NEW YORK: The dollar rose on risk aversion and global stock markets fell on Monday as U.S.-Chinese bickering over the origin of the coronavirus outbreak sparked fear of a new trade war, but Wall Street rebounded as the lifting of lockdowns in some U.S. states boosted optimism
PETALING JAYA: The Malaysian manufacturing sector’s performance could remain weak for the next several months, even with the gradual ramp-up in business activities after the conditional movement control order (CMCO) began yesterday.
BERLIN: German factory output shrank at the fastest rate on record in April and firms in the export-oriented sector cut jobs at the fastest pace in almost 11 years, a survey showed, as the new coronavirus crushed demand.
KUALA LUMPUR: Bursa Malaysia ended lower on Monday as investors braced for an escalation in US-China tensions and a string of dismal manufacturing data.
HANOI (Xinhua): Vietnam Purchasing Managers' Index (PMI), which measures the economic health of the country's manufacturing sector, fell to 32.7 in April from 41.9 in March, further signalling a downturn, the report compiled by the London-based global information provider IHS Markit revealed on Monday (May 4).
SYDNEY (Reuters): Asia's factory activity was ravaged in April, business surveys showed on Monday, and the outlook dimmed further as government restrictions on movement to contain the coronavirus outbreak froze global production and slashed demand.
HIGH on Malaysia’s event calendar this week is the announcement of Bank Negara’s overnight policy rate (OPR).
GENEVA/BEIJING: The World Health Organisation (WHO) said on Saturday that the Covid-19 (coronavirus) outbreak still constitutes a Public Health Emergency of International Concern (PHEIC), the WHO's highest level of alarm.