Markets extend rally as optimism abounds on vaccine, US politics

HONG KONG (AFP): Asian markets rallied Wednesday (Nov 25) following a blockbuster performance on Wall Street as vaccine successes and easing US political uncertainty boosted investor confidence in the economic recovery.

Ringgit opens higher amid firmer oil price

KUALA LUMPUR: The ringgit opened slightly higher against the US dollar today amid the firmer crude oil prices and weaker performance of the greenback, dealers said.

Oil rises past August high on vaccine progress

SINGAPORE: Oil extended gains after closing at the highest level since August on signs Covid-19 vaccines could be rolled out within weeks and as the start of the United States presidential transition process aided markets in general.

Brent hits highest since March, spurred by vaccine hopes

Asia stocks lifted as Biden gets White House access

HONG KONG (AFP): Most Asian markets rose Tuesday (Nov 24) as news that Donald Trump's team will now work with Joe Biden to begin his transition into the White House built on optimism that vaccines could soon be rolled out around the world.

US dollar falls to 2018 lows as vaccine optimism damps haven demand

(Bloomberg) -- The dollar dropped to a two-and-a-half year low as the prospect of vaccine roll-outs added to headwinds for the world’s reserve currency.

Oil prices extend gains on Covid-19 vaccine hopes, OPEC+

SINGAPORE, Nov 23 (Reuters): Oil prices extended gains on Monday as traders eyed a recovery in crude demand thanks to successful coronavirus vaccine trials, although prices were contained by renewed lockdowns in several countries.

Asian markets mostly up but surging infections fuel fear

HONG KONG/SINGAPORE, Nov 23, 2020 (AFP): Asian markets mostly rose again Monday but investor sentiment remains divided between optimism over vaccine developments and concern about surging virus cases around the world.

Ringgit to continue upward momentum next week

KUALA LUMPUR, Nov 21 (Bernama): The ringgit is expected to continue its upward momentum against the US dollar next week as investors await for new catalysts following the positive Covid-19 vaccine development and oil price improvement, said an analyst.

Ringgit rebounds to open higher

KUALA LUMPUR: The ringgit rebounded to open higher against the US dollar today on renewed demand despite declining global oil prices, said an analyst.