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NEW YORK: Global shares edged higher on Wednesday on the strength of U.S. equities markets that were boosted by rising oil prices and positive economic data out of the United States.
KUALA LUMPUR: The ringgit opened moderately higher against the US dollar today in line with the crude oil price that has moved into positive territory at the time of writing.
KUALA LUMPUR: The ringgit was trading higher against the US dollar early on Monday, still riding on positive investors’ sentiment tracking Malaysia's manufacturing Purchasing Managers’ Index (PMI) which climbed to 43.4 last month from 40.1 in July 2021.
THIS week is heavy on economic data with the announcement of the overnight policy rate (OPR) scheduled for Thursday and industrial production index, manufacturing sales, and wholesale and retail trade figures coming out on Friday.
PETALING JAYA: Foreign investors are adopting a “wait-and-see” attitude before buying into Malaysian bonds after a massive sell-off amounting to RM3.6bil in July.
NEW YORK: Traders in U.S. equity options do not expect the Federal Reserve’s symposium in Jackson Hole, Wyoming later this month to spark big moves in stocks, even as a focus on the Fed's taper timeline amplifies the buzz around the annual event, data and interviews with market participants showed.
HONG KONG: Asia's stocks fell to fresh seven-month troughs on Tuesday, led by a third straight session of heavy selling of Chinese internet giants, while bond and currency markets clung to tight ranges ahead of the Federal Reserve policy meeting.
THE Covid-19 jitters took a turn for the worse across the globe, as many countries started reporting a surge in daily new cases due to the super spreader Delta variant
Global Forex Market INVESTORS’ mood turned sour during the week, triggering a flight to safety due to growing concerns over the global spread of the Delta variant of Covid-19 that may pose further downside risk to global growth.