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Business 08 Jul 2019 | 12:00 AM

US investors reluctant to abandon cyclical plays

NEW YORK: Even as record highs last week in the major US stock indexes telegraph confidence on Wall Street, caution abounds in other US markets, where falling bond yields and flailing small-cap stocks indicate investors are torn about where to place bets.

Business 03 Jul 2019 | 10:30 PM

Major averages close at record highs on dovish Fed hopes

NEW YORK: U.S. stocks rose on Wednesday, with each of the major indexes closing at a record high, as expectations grew that the Federal Reserve would take a more dovish turn as a raft of data provided more evidence of a slowing economy.

Business 07 Jun 2019 | 8:25 AM

Ringgit firms; others lacklustre ahead of U.S. jobs data

THE ringgit climbed against the dollar on Friday, thanks to higher oil prices, however most other currencies were tepid ahead of the release of a U.S. jobs report later in the session.

Markets 02 May 2019 | 10:31 PM

Wall St. slips as energy drops, investors digest Fed comments

NEW YORK: U.S. stocks eased further from recent record highs on Thursday as energy shares dropped along with oil prices and investors continued to digest comments by Federal Reserve Chairman Jerome Powell.

Business 08 Apr 2019 | 4:52 AM

KLCI tracks positive US jobs data, Wall St gains

KUALA LUMPUR: Gains in telco counters helped to give the local market a positive start on Monday even as global equities were cheered on by positive US economic data.

Forex 11 Mar 2019 | 3:09 AM

Ringgit higher against US$ amid improved oil price, softer dollar

KUALA LUMPUR: The ringgit rebounded from last week's downtrend to be higher against the US dollar early Monday amid an improved oil price and the softer greenback.

Markets 11 Mar 2019 | 1:13 AM

Asian shares struggle after US payrolls shock(Update)

TOKYO: Asian shares struggled for traction on Monday after U.S. employment data raised doubts about the strength of the global economy, while investor jitters ahead of crucial Brexit votes in the UK parliament this week weighed on the pound.

Markets 07 Mar 2019 | 11:47 PM

Asia stocks shudder as ECB reversal spooks markets(Update)

SYDNEY: Asian stocks shuddered lower on Friday after the European Central Bank slashed its growth forecasts and launched an emergency round of policy stimulus, leaving investors fearing the worst for the global economy.