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Ringgit opens weaker against greenback as US equities rally
KUALA LUMPUR: The ringgit opened slightly lower against the US dollar today as sentiment for the greenback strengthened in tandem with positive development for the equity market in the United States, an analyst said.
Asia stocks restrained as US futures retreat
SYDNEY: Asian shares got off to a sluggish start on Tuesday after a rally on Wall Street was soured by an early slide in U.S. stock futures, while the euro was near one-month highs as odds narrowed on a July rate rise by the ECB.
GLOBAL MARKETS-Stocks rally as euro gains on likely rate hikes
NEW YORK/LONDON: U.S. and European stocks rallied on Monday, with the S&P 500 .SPXfor the moment moving away from a bear market, while the euro leapt after the European Central Bank said it was likely to lift its deposit rate out of negative territory by September.
U.S. dollar dips as euro climbs
NEW YORK, May 23 (Xinhua) -- The U.S. dollar fell noticeably in late trading on Monday amid a momentum in the euro.
Israel raises interest rate for 2nd time in 2 months
JERUSALEM, May 23 (Xinhua) -- Israel's central bank on Monday raised the benchmark interest rate from 0.35 to 0.75 percent, in the second rate hike in two months, to curb the inflation.
What you need to know about Davos on Monday
DAVOS, Switzerland (Reuters) - The World Economic Forum returned to Davos on Monday with a unique spring gathering. Here is what you need to know about Day 1:
Ringgit ends unchanged versus US dollar
KUALA LUMPUR: The ringgit ended the day unchanged against the US dollar today, as market sentiment remained fragile due to the global interest rate environment.
Emerging markets: Bank Indonesia's policy meeting on Tuesday awaited as Asian FX edges higher as dollar weakens
Asian currencies overcame early market pressure to edge higher against a tepid US dollar on Monday, while the Singaporean dollar rose to a 2-1/2-week high after data showed the city-state witnessed its fastest rise in core inflation in a decade.
Oil firms on tight supply as US driving season looms
Oil prices gained on Monday with United States. fuel demand, tight supply and a slightly weaker US dollar supporting the market, as Shanghai prepares to reopen after a two-month lockdown fuelled worries about a sharp slowdown in growth.
Asia stocks stifled by inflation, China concerns
HONG KONG: Asian stocks weakened on Monday as investors worried inflation and rising interest rates would hamper the global economic outlook and China's COVID-19 situation weighed on sentiment, with tech firms particularly hit.
