Malaysia Bourse May Open To The Downside On Wednesday

RTTNews | 72 일 전
Malaysia Bourse May Open To The Downside On Wednesday

(RTTNews) - Ahead of Tuesday's holiday for Nuzul Al'Quran, the Malaysia stock market had moved higher in three straight sessions, advancing almost 45 points or 3 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,525-point plateau although the rally may stall on Wednesday.

The global forecast for the Asian markets is soft ahead of the FOMC rate decision later today. The European markets were up and the U.S. bourses were down and the Asian markets figure to follow the latter lead.

The KLCI finished sharply higher on Monday following gains from the financial shares, telecoms, plantations and industrials.

For the day, the index climbed 15.66 points or 1.04 percent to finish at 1,527.81 after trading between 1,517.58 and 1,531.63.

Among the actives, 99 Speed Mart Retail sank 0.49 percent, while Axiata strengthened 1.65 percent, Celcomdigi dropped 0.84 percent, CIMB Group spiked 2.55 percent, Gamuda added 0.99 percent, IHH Healthcare dipped 0.14 percent, IOI Corporation, Kuala Lumpur Kepong gained 0.76 percent, Maxis retreated 1.24 percent, Maybank collected 0.97 percent, MISC rose 0.43 percent, Nestle Malaysia plummeted 4.56 percent, Petronas Chemicals climbed 1.35 percent, PPB Group increased 1.21 percent, Press Metal shed 0.40 percent, Public Bank improved 1.34 percent, QL Resources gathered 0.42 percent, RHB Bank rallied 2.19 percent, Sime Darby stumbled 1.46 percent, SD Guthrie perked 0.21 percent, Sunway jumped 1.79 percent, Telekom Malaysia accelerated 2.33 percent, Tenaga Nasional advanced 1.19 percent, YTL Corporation surged 2.59 percent, YTL Power soared 2.56 percent and MRDIY were unchanged.

The lead from Wall Street is negative as the major averages opened lower on Tuesday and remained in the red throughout the trading day, ending near session lows.

The Dow tumbled 260.32 points or 0.62 percent to finish at 41,581.31, while the NASDAQ plunged 304.55 points or 1.71 percent to close at 17,504.12 and the S&P 500 sank 60.46 points or 1.07 percent to end at 5,614.66.

Concerns about the impact of President Donald Trump's trade policies continued to weigh along with worries about the economic outlook despite the release of some upbeat economic data.

The Federal Reserve said industrial production in the U.S. increased much more than expected in January. Also, the Commerce Department said new residential construction rebounded more than anticipated in February.

Traders were also looking ahead to the Federal Reserve's latest monetary policy announcement later today. While the Fed is expected to leave interest rates unchanged, traders will look to the accompanying statement as well as officials' latest projections for clues about the outlook for rates.

Oil futures settled lower on Tuesday as concerns about supply disruptions eased, while worries about global growth due to the impact of U.S. trade tariffs weighed. West Texas Intermediate Crude oil futures for April ended lower by $0.68 or 1 percent at $66.90 a barrel.

read more
FTSE 100 Rises 0.7%

FTSE 100 Rises 0.7%

UK stocks are up in positive territory a little past noon on Friday, remaining firm after a steady start. Despite concerns about inflation and uncertainty about tariffs, investors are picking up stocks amid cautious optimism about growth.
RTTNews | 59 분 전
CAC 40 Modestly Higher In Cautious Trade

CAC 40 Modestly Higher In Cautious Trade

After a slightly weak start, the French market has moved higher on Friday with investors picking up stocks amid hopes the European Central Bank will lower interest rates at its ensuing meeting. The U.S. federal court's ruling against President Donald Trump's sweeping tariff moves on its trading partners had added to uncertainty on the trade front, rendering the mood a bit cautious.
RTTNews | 1 시간 29 분 전
DAX Up 0.8% On Selective Buying As Markets Await Clarity On Tariffs

DAX Up 0.8% On Selective Buying As Markets Await Clarity On Tariffs

German stocks are gaining notably ground in positive territory on Friday despite data showing a drop in the nation's retail sales in the month of April, and amid uncertainty about Trump administration's tariff moves after U.S. court rulings against the levies proposed by the U.S. President.
RTTNews | 1 시간 59 분 전
Yen Rises On Strong Tokyo Core Inflation Data

Yen Rises On Strong Tokyo Core Inflation Data

The Japanese yen strengthened against other major currencies in the Asian session on Friday, as Tokyo's core inflation data came in stronger than expected, increasing the chances of the Bank of Japan's (BoJ) 25 basis point rate hike in July.
RTTNews | 2 시간 24 분 전
European Shares Rise On ECB Rate Cut Hopes

European Shares Rise On ECB Rate Cut Hopes

European stocks traded higher on Friday despite the latest U.S. court rulings on President Trump's "Liberation Day" tariffs adding another layer of uncertainty.
RTTNews | 3 시간 15 분 전
Asian Shares Decline Amid Tariff Uncertainty

Asian Shares Decline Amid Tariff Uncertainty

Asian stocks ended mostly lower on Friday due to uncertainty surrounding a court battle about U.S. President Donald Trump's tariffs and rising concerns about U.S. economic stability.
RTTNews | 3 시간 41 분 전
European Economic News Preview: Germany Inflation, Retail Sales Data Due

European Economic News Preview: Germany Inflation, Retail Sales Data Due

Inflation and retail sales from Germany and private sector credit from the euro area are the top economic news due on Friday. At 2.00 am ET, Destatis is scheduled to issue Germany's retail sales figures for April. Sales are forecast to grow 0.3 percent month-on-month, in contrast to the 0.2 percent fall in March.
RTTNews | 6 시간 16 분 전