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Foreign buying triggers bounce
It was overall a good week in Malaysian equities although the bourse was a late joiner to the global optimism.
Emerging Markets: Philippine's inflation eases for the first time in 6-months in March; Asia's currencies higher as US yields retreat
Asia's emerging currencies found some respite on Tuesday as the dollar fell to near two-week low and US bond yields retreated, with South Korea's won and Malaysia's ringgit leading gains in the region.
GLOBAL MARKETS-S&P 500 sets record high, crypto market cap passes US$2 trillion
NEW YORK: A string of surprisingly robust economic data boosted investor risk appetite on Monday, which sent the S&P 500 and the Dow to all-time closing highs and boosted cryptocurrency market cap over the US$2 trillion hurdle.
GLOBAL MARKETS-US$, Treasuries edge higher on strong US. labour report
NEW YORK: The dollar and the yield on the benchmark Treasury note edged higher in light trading on Friday after data showing a surge in the hiring of Americans in March pointed to a U.S. economic recovery that is poised to be the strongest in decades
Asian markets rally after Biden's new roads and bridges plan
HONG KONG (AFP) - Asian investors welcomed Joe Biden's economy-boosting infrastructure proposals Thursday, sending regional markets higher, while optimism was also given a boost by a healthy US private jobs report.
Australians are still working from home even as offices reopen, data show
Australians with working-from-home arrangements appear to be on a permanent foothold, with the popularity of the arrangement rising even as workplaces reopen, global jobs website Indeed Inc said.
Ringgit falls against greenback on US economy optimism
KUALA LUMPUR: The ringgit was slightly lower against the US dollar at the opening today on lack of demand for the local note, while the greenback is attracting interest on optimism over the US economy, a dealer said.
Why China can't end its romance with GDP growth target
BEIJING (Bloomberg): In a battle between those who love or hate China's economic growth target, a compromise appears to have emerged: a goal low enough to be more easily ignored.
Oil price surge lifts Petronas stocks as KLCI climbs
Brent crude futures jumped above $70 a barrel on Monday for the first time since the Covid-19 pandemic began.
