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NEW YORK/LONDON: Commodity prices jumped, the dollar slid to a two-month low and major global equity indexes scaled record peaks on Friday after weak U.S. jobs data for April tamped down fears that a booming economy would spark inflation and higher interest rates.
Blue chips snapped their losing streak on Thursday on some buying of IHH Healthcare and KL Kepong but gloves lost ground amid a weaker broader market though there were some bright spots in the economic outlook.
KUALA LUMPUR: The FBM KLCI showed signs of mild profit-taking in early morning trade although market momentum is expected to continue on the renewed interest in glove counters.
KUALA LUMPUR: The profit-taking activities on the domestic market continued on Tuesday morning amid a negative performance on Wall Street overnight and ahead of the US corporate earnings season that begins this week.
NEW YORK: The dollar fell slightly on Monday and a gauge of global equity markets slid from record highs last week as investors wait to see whether an expected jump in U.S. earnings will justify stock prices already trading at very high premiums.
KUALA LUMPUR: Profit-taking took the FBM KLCI lower in Monday morning trade following Friday's strong advance on the back of a jump in Axiata's and Digi's share prices.
KUALA LUMPUR: Bursa Malaysia rebounded at the open following two straight days of losses as investors picked up on sold-down counters.