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KUALA LUMPUR: The FBM KLCI bounced higher on Wednesday, tracking the positive global sentiment that was sparked by hopes of a large fiscal stimulus package in the US.
MELBOURNE: Oil prices rose in early trade on Wednesday, adding to solid gains overnight, on expectations the incoming U.S. administration will go ahead with massive stimulus spending that would boost fuel demand and draw down crude stocks.
NEW YORK: Gold extended declines on a stronger dollar and the currency’s outlook, while investors assess the timeline for the US stimulus package.
PETALING JAYA: Trading on Bursa Malaysia is expected to be cautious ahead of Bank Negara’s overnight policy rate (OPR) announcement on Wednesday.
KUALA LUMPUR, Jan 16 (Bernama): Trading on Bursa Malaysia is expected to be cautious ahead of Bank Negara Malaysia's (BNM) Overnight Policy Rate (OPR) announcement on Wednesday.
NEW YORK: Oil prices fell more than 2% on Friday, with both contracts posting a loss on the week as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the world's biggest crude importer.
OVER the recent holidays. I met up with many friends, most wearing a protective face mask in a rather relaxed observance of social-distancing guidelines.
THE dollar found support from expectations of a continued economic recovery in the United States amid countries in Europe resorting to lockdowns to fend off a second Covid-19 wave; and expectations of higher government spending under the Biden administration – after a plunge in payrolls in December raised the prospect of more federal spending to aid the coronavirus-battered economy.
KUALA LUMPUR: Glove makers regained their footing early Friday after the recent bout of profit taking while Maybank and Public Bank weighed on the FBM KLCI.
KUALA LUMPUR: Public Bank and Hong Leong Bank underpinned the FBM KLCI’s early advance as foreign funds continued to be net buyers on Bursa.