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NEW YORK: The Nasdaq recovered as the bond rout retreated on Friday, but most other equity markets swooned around the world as data showing a strong rebound in U.S. consumer spending kept fears of rising inflation alive
There was an all-too-familiar trading pattern on Bursa Malaysia over the past week, as the charts showed early morning jumps on optimism over news flow only to see prices eroded moving into midday.
FOR many investors in the market, there are different reasons why equities are bought and sold.
SARAWAK Consolidated Industries Bhd (code: 9237) is looking to end its range-bound direction, having made a strong intra-day advance yesterday to retrace recent losses.
HERE is the thing. In the United States, the long-dated treasury yields for both the 10-year and 30-year have been rising steadily since hitting the lows last year and well into this year, especially so the past one week.
KUALA LUMPUR: Bursa Malaysia has reversed some of its losses but remained in the red at closing, mirroring the performance on Key Asian markets.
KUALA LUMPUR: Despite signs that bullish sentiment had returned to the market following yesterday's strong rebound, Bursa Malaysia found itself once again in the red as a sharp-sell-off in global equities weighed on prices.
KUALA LUMPUR: Some mild buying of blue chips helped the FBM KLCI extend its rebound early Friday but the tech sell-off on Wall Street and weaker Asian markets weighed on the broader market.
WASHINGTON The White House is losing hope that congressional Republicans will back U.S. President Joe Biden's US$1.9 trillion coronavirus aid bill despite a campaign-style push that has won support from business leaders, local government officials, unions and voters
NEW YORK: Wall Street's main indexes tumbled on Thursday, with the Nasdaq index posting its largest daily percentage fall in four months, as technology-related stocks remained under pressure following a rise in U.S. bond yields