Malaysia Bourse May Open To The Downside On Wednesday

RTTNews | 86 dias atrás
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
New Zealand Manufacturing PMI Data Due On Friday

New Zealand Manufacturing PMI Data Due On Friday

New Zealand will on Friday release May results for the manufacturing PMI from BusinessNZ, highlighting a light day for Asia-Pacific economic activity. In April, the PMI score was 53.9.
RTTNews | 29 minutos atrás
Taiwan Shares May Bounce Higher Again On Friday

Taiwan Shares May Bounce Higher Again On Friday

The Taiwan stock market on Thursday ended the three-day winning streak in which it had rallied more than 810 points or 3.6 percent. The Taiwan Stock Exchange now sits just beneath the 22,290-point plateau and it may see renewed support on Friday.
RTTNews | 52 minutos atrás
Rebound Anticipated For Japan Stock Market

Rebound Anticipated For Japan Stock Market

The Japan stock market on Thursday ended the four-day winning streak in which it had climbed more than 860 points or 2.5 percent. The Nikkei 225 now sits just beneath the 38,175-point plateau although it may bounce higher again on Friday.
RTTNews | 53 minutos atrás
U.S. Dollar Weakens After Soft PPI Data

U.S. Dollar Weakens After Soft PPI Data

The U.S. dollar dropped against its major counterparts in the New York session on Thursday, as soft producer inflation data for May raised hopes of a rate cut by the Federal Reserve.
RTTNews | 4 h 8 min atrás
Canadian Market Up Slightly In Cautious Trade

Canadian Market Up Slightly In Cautious Trade

After a flat start and a subsequent drop, the Canadian market moved into positive territory Thursday morning, led by gains in materials and communications sectors. The mood remains cautious amid uncertainty about U.S.-China trade deal and easing prospects of he European Union arriving at a pact with the U.S. before the July 8 deadline. Middle East tensions also weigh on sentiment.
RTTNews | 5 h 52 min atrás
U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected

U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected

After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May. The Labor Department said its producer price index for final demand inched up by 0.1 percent after slipping by a revised 0.2 percent in April.
RTTNews | 8 h 40 min atrás
U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High

U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High

The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits came in flat in the week ended June 7th. The report said initial jobless claims in at 248,000, unchanged from the previous week's revised level. Economists had expected jobless claims to dip to 240,000 from the 247,000 originally reported for the previous week.
RTTNews | 8 h 43 min atrás
Bay Street Likely To Open On Negative Note

Bay Street Likely To Open On Negative Note

Canadian shares are likely to open with a negative bias on Thursday as trade concerns, and Middle East tensions may weigh on sentiment. A lack of specifics in the framework agreed to by U.S. and Chinese officials on Tuesday has raised uncertainty about the two nations reaching an agreement anytime soon.
RTTNews | 9 h 26 min atrás