Malaysia Stock Market May See Additional Support

RTTNews | 571 ngày trước
Malaysia Stock Market May See Additional Support

(RTTNews) - The Malaysia stock market has tracked higher in back-to-back sessions, advancing more than 20 points or 1.4 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,465-point plateau and it may find mild support again on Thursday.

The global forecast for the Asian markets is cautiously optimistic thanks to the improving outlook for interest rates. The European and U.S. markets were slightly higher and the Asian bourses are expected to open in similar fashion.

The KLCI finished sharply higher on Wednesday following gains from the financial shares, plantation stocks and telecoms.

For the day, the index climbed 15.12 points or 1.04 percent to finish at the daily high of 1,466.84 after moving as low as 1,453.07.

Among the actives, Axiata accelerated 2.08 percent, while CIMB Group improved 1.22 percent, Dialog Group surged 4.27 percent, Genting soared 2.34 percent, Genting Malaysia rallied 2.02 percent, IHH Healthcare advanced 1.18 percent, IOI Corporation spiked 2.29 percent, Kuala Lumpur Kepong added 1.01 percent, Maxis gathered 0.49 percent, Maybank picked up 0.33 percent, MISC strengthened 1.39 percent, MRDIY skyrocketed 6.58 percent, Petronas Chemicals increased 1.10 percent, PPB Group jumped 1.78 percent, Press Metal gained 0.82 percent, Public Bank collected 1.20 percent, RHB Capital rose 0.53 percent, Sime Darby climbed 1.27 percent, Sime Darby Plantations perked 0.46 percent, Telekom Malaysia was up 0.38 percent, Tenaga Nasional added 0.30 percent and Westports Holdings and Celcomdigi were unchanged.

The lead from Wall Street suggests mild upside as the major averages opened higher on Wednesday and stayed largely in the green although finished with limited gains.

The Dow jumped 163.51 points or 0.47 percent to finish at 34,991.21, while the NASDAQ rose 9.45 points or 0.07 percent to close at 14,103.84 and the S&P 500 perked 7.18 points or 0.16 percent to end at 4,502.88.

The continued strength on Wall Street came as the latest inflation data added to optimism about the outlook for interest rates - especially after the Labor Department reported an unexpected decrease in U.S. producer prices in October.

Following Tuesday's tamer than expected consumer price inflation data, the latest report reinforced expectations that the Federal Reserve is done raising interest rates.

In economic news, the Commerce Department said retail sales in the U.S. edged slightly lower in October.

Crude oil prices tumbled on Wednesday after data showed a sharp increase in U.S. crude stockpiles and a big jump in crude production. West Texas Intermediate Crude oil futures for December lost $1.60 or 2 percent at $76.66 a barrel, falling for the first time in five sessions.

read more
FDA, CDC Probe Salmonella Outbreak As Around 1.70 Mln Dozen Brown Eggs Recalled

FDA, CDC Probe Salmonella Outbreak As Around 1.70 Mln Dozen Brown Eggs Recalled

The U.S. Food and Drug Administration and the Centers for Disease Control and Prevention or CDC are investigating a Salmonella Enteritidis outbreak linked to brown eggs that sickened nearly 79 across 7 states. Associated with the ongoing probe, August Egg Co. recalled around 1.70 million dozen brown cage-free and brown certified organic eggs sold through Walmart and other retail locations.
RTTNews | 1h 55phút trước
Bay Street May Open Slightly Higher

Bay Street May Open Slightly Higher

Canadian shares may open slightly higher on Monday amid optimism about some positive progress in U.S.-China trade talks. Energy stocks are likely to find some support on higher crude oil prices.. The U.S.-China discussions will aim to resolve some major trade disputes between the two major economies.
RTTNews | 3h 47phút trước
FTSE 100 Down Marginally At Noon

FTSE 100 Down Marginally At Noon

The U.K. market is down marginally at noon on Monday with investors mostly making cautious moves amid a lack of triggers. The focus is on trade talks between the U.S. and Chinese officials in London. Weak Chinese exports data weighs on sentiment.
RTTNews | 4h 59phút trước
CAC 40 Down Slightly In Lackluster Trade

CAC 40 Down Slightly In Lackluster Trade

French stocks are down slightly in lackluster trade on Monday with investors refraining from making significant moves as they await the high-level trade talks between U.S. and Chinese officials in London later in the day.
RTTNews | 5h 20phút trước
DAX Down Over 0.5% In Cautious Trade

DAX Down Over 0.5% In Cautious Trade

German stocks are down in negative territory on Monday as investors make cautious moves while awaiting crucial talks between U.S. and Chinese officials in London later in the day. The discussions will aim to resolve some major trade disputes between the two major economies. Treasury Secretary Scott Bessent leads the U.S. delegation in the high-level trade talks.
RTTNews | 5h 41phút trước
Church & Dwight Recalls All Lots Of Zicam Nasal, Orajel Teething Swabs

Church & Dwight Recalls All Lots Of Zicam Nasal, Orajel Teething Swabs

Church & Dwight Co., Inc. has called back all lots of Zicam nasal swabs and Orajel baby teething swabs citing potential microbial contamination, according to the U.S. Food and Drug Administration. Cold remedy nasal swabs are a zinc-free, homeopathic cold remedy swab designed to shorten the duration of the common cold
RTTNews | 6h 18phút trước