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Mild rebound as Bursa snaps three-day decline
KUALA LUMPUR: The FBM KLCI ended the morning slightly higher as the domestic market rallied on the back of the government's latest stimulus package and news of China's economic growth.
Slight upward move for KLCI as caution prevails
KUALA LUMUR: The FBM KLCI stayed mostly flat in early trade as investors took a breather from the recent selling.
Italy PM wins key confidence vote, tougher test on Tuesday
ROME (Reuters) - Italian Prime Minister Giuseppe Conte won a crucial confidence vote in the Chamber of Deputies on Monday, hanging on to power after a junior partner quit his coalition and opened a political crisis amid the raging COVID-19 pandemic.
Traders appeal to be allowed to carry on business
THE fresh movement control order that took effect on Jan 13 has thrown a wrench in the much-needed recovery among petty traders in Kuala Lumpur.
Ponggal rush in Little India ahead of latest MCO
WITH Ponggal taking place tomorrow, Little India in Penang was bustling with customers rushing to buy sugarcane and claypots to celebrate at home.
Gold halts losing run as investors weigh dollar
CHICAGO: Gold steadied after the longest run of daily declines since November as investors weighed the impact of a stronger dollar and rise in Treasury yields against expectations for further massive stimulus.
Asian stocks swing as virus and unrest offset vaccine, stimulus
HONG KONG (AFP): Asian markets fluctuated Tuesday (Jan 12) as hopes for the rollout of coronavirus vaccines and a new stimulus out of Washington competed with fears over surging infections, new lockdowns and brewing political and social unrest in the United States.
Bursa Malaysia to move cautiously higher next week; to stay above 1,600-level
KUALA LUMPUR, Jan 9 (Bernama): The local stock market is expected to trend higher next week amid cautious market sentiment, with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) likely to stay above the 1,600-level.
Stimulus hopes push global equity markets to new records
NEW YORK: A global equities rally pushed Japan's Nikkei to a more than three-decade high and U.S. stock benchmarks to new records on Friday, while safe havens such as Treasuries and gold sold off as investors looked past U.S. political unrest and focused on further stimulus to mend the economic damage of the coronavirus pandemic.
