Malaysia Bourse Due For Support On Tuesday

RTTNews | 567 дней спустя
Malaysia Bourse Due For Support On Tuesday

(RTTNews) - The Malaysia stock market has moved lower in three straight sessions, sinking almost 10 points or 0.6 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,455-point plateau although it may stop the bleeding on Tuesday.

The global forecast for the Asian markets is upbeat on continued optimism over the outlook for interest rates. The European markets were mixed and little changed and the U.S. bourses were solidly higher and the Asian markets are tipped to follow the latter lead.

The KLCI finished slightly lower on Monday following losses from the financial shares and plantation stocks.

For the day, the index dipped 3.75 points or 0.26 percent to finish at 1,456.92 after trading between 1,454.12 and 1,460.26.

Among the actives, Axiata rallied 1.24 percent, while Celcomdigi advanced 0.94 percent, CIMB Group dropped 0.52 percent, Dialog Group and Public Bank both sank 0.47 percent, Genting Malaysia gained 0.39 percent, IOI Corporation declined 1.25 percent, Maxis added 0.74 percent, Maybank fell 0.11 percent, MISC tumbled 1.62 percent, MRDIY jumped 1.26 percent, Petronas Chemicals lost 0.23 percent, PPB Group retreated 1.49 percent, Press Metal slumped 1.02 percent, Sime Darby plunged 2.46 percent, Sime Darby Plantations, Telekom Malaysia skidded 0.57 percent, Tenaga Nasional rose 0.10 percent, Westports Holdings tanked 1.99 percent and Genting, Kuala Lumpur Kepong, IHH Healthcare and RHB Capital were unchanged.

The lead from Wall Street is solid as the major averages opened modestly higher on Monday but accelerated throughout the day, ending near session highs.

The Dow jumped 203.76 points or 0.58 percent to finish at 35,151.04, while the NASDAQ rallied 159.05 points or 1.13 percent to close at 14,284.53 and the S&P 500 gained 33.36 points or 0.74 percent to end at 4,547.38.

The strength on Wall Street reflected recent upward momentum, which comes amid ongoing optimism about the outlook for interest rates. Recent data showing signs of easing inflation has reinforced investor expectations that the Federal Reserve will leave rates unchanged at upcoming meetings.

Stocks saw further upside in afternoon trading as treasury yields pulled back following the release of the results of the Treasury Department's auction of $16 billion worth of 20-year bonds.

In economic news, the Conference Board released a report showing its reading on leading U.S. economic indicators fell by more than expected in October.

Crude oil prices rose sharply on Monday amid expectations that OPEC will further extend its voluntary output cuts next week, while the dollar's weakness also contributed to the jump in oil prices. West Texas Intermediate Crude oil futures for January ended higher by $1.79 or 2.4 percent at $77.83 a barrel.

read more
Eurozone Investor Confidence Strongest In A Year: Sentix

Eurozone Investor Confidence Strongest In A Year: Sentix

Euro area investor morale rose to the highest level in a year in June, driven by the economic recovery in Germany, survey data from the behavioral research institute Sentix showed Tuesday. The investor sentiment index rose to +0.2 in June from -8.1 in May. This was the highest reading since June 2024 and remained well above economists' forecast of -6.0.
RTTNews | 10 минут назад
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Tuesday morning with investors looking for directional clues as they await the outcome of the U.S.-China trade negotiations.
RTTNews | 1ч 3мин назад
FTSE 100 Advances; Persimmon, Marks & Spencer Among Top Gainers

FTSE 100 Advances; Persimmon, Marks & Spencer Among Top Gainers

Despite data showing an increase in the nation's unemployment rate, U.K. stocks are up in positive territory a little past noon on Tuesday on selective buying amid some optimism over the ongoing U.S.-China trade talks in London.
RTTNews | 1ч 36мин назад
CAC 40 Down Marginally In Cautious Trade

CAC 40 Down Marginally In Cautious Trade

French stocks are largely subdued on Tuesday as investors refrain from making significant moves while awaiting the outcome of the ongoing trade talks between U.S. and Chinese officials in London.
RTTNews | 2ч 21мин назад
Sensex, Nifty End Choppy Session Narrowly Mixed

Sensex, Nifty End Choppy Session Narrowly Mixed

Indian shares fluctuated before ending little changed on Tuesday as investors waited for more details to emerge from the second day of ongoing U.S.-China trade negotiations in London.
RTTNews | 3ч 5мин назад
Yen Recovers Amid BoJ Rate Hike Speculation

Yen Recovers Amid BoJ Rate Hike Speculation

The Japanese yen recovered from early lows against other major currencies in the European session on Tuesday, as traders speculate that the Bank of Japan (BoJ) will hike interest rates this year.
RTTNews | 3ч 26мин назад
UK Jobless Rate Rises; Wage Growth Softens

UK Jobless Rate Rises; Wage Growth Softens

The UK unemployment rate rose slightly in the three months to April period and wage growth softened as the rise in social security contribution and the minimum wage started to weigh on the labor market activity. The ILO jobless rate rose to 4.6 percent in the three months to April, as expected, from 4.5 percent in the three months to March, data from the Office for National Statistics revealed T
RTTNews | 3ч 51мин назад