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NEW YORK: World equity markets made gains while the U.S. dollar hit new lows against major currencies on Tuesday after Federal Reserve officials reaffirmed a dovish monetary policy stance that eased inflation concerns.
Home improvement company MR D.I.Y. Group (M) Bhd is likely to be included in the FBM KLCI in the June 3 review, replacing Supermax Corporation Bhd, according to CGS-CIMB Equities Research.
HONG KONG (AFP): Easing inflation concerns helped push equities higher in Asia on Tuesday(May 25), tracking a healthy rally on Wall Street, with traders taking heart from the global economic recovery outlook, while oil prices extended gains as Iran tempered optimism over its nuclear deal.
Blue chips slipped in early Tuesday trade, as the mild rebound deflated despite stronger first quarter corporate earnings as investors worried about the record deaths and infections from the Covid-19.
NEW YORK: Global equity markets gained on Monday while the dollar traded near four-month lows against major currencies as investors eye upcoming U.S. inflation readings for guidance on monetary policy.
NEW DELHI: Even as India is attracting all the global attention for the worst virus outbreak, the pandemic has done little to dent the confidence of overseas investors who are betting on a strong rebound.
The Indonesian rupiah was largely unchanged ahead of Tuesday's monetary policy decision as most Asian forex remain subdued on Monday.
Asian markets were mixed Monday as inflation concerns played off against optimism over the global economic recovery, while spiking infections in parts of the region also kept investors on their toes.
KUALA LUMPUR: Foreign funds acquired RM32.4mil worth of equities on Bursa Malaysia last week, snapping a nine-week selling streak, according to MIDF Research.
HONG KONG (AFP): Asian markets mostly fell Monday (May 24) as inflation concerns play off against optimism over the global economic recovery, while spiking infections in parts of the region are also keeping investors on their toes.