Ringgit Strengthens To 4.18 Vs US Dollar On Fed Rate Cut Hopes, Strong Domestic Fundamentals

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Aug 14 (Bernama) -- The ringgit strengthened to the 4.18 level versus the US dollar, marking its highest point in more than six weeks, buoyed by rising expectations of a United States (US) Federal Reserve (Fed) rate cut cycle and Malaysia’s resilient macroeconomic outlook.

Decisions, Review Of Upstream Assets entirely Up To Petronas -- PM Anwar

KUALA LUMPUR, Aug 14 (Bernama) -- Any decisions on and review of upstream assets will be left entirely to Petroliam Nasional Bhd (Petronas) without political interference, said Prime Minister Datuk Seri Anwar Ibrahim. 

Ringgit Opens Flat On Caution After Recent Gains

KUALA LUMPUR, Aug 14 (Bernama) -- The ringgit opened flat against the US dollar on Thursday as investors turned a bit cautious after recent gains, despite growing speculation for a US interest rate cut.

Gold Futures Rebound On Fed Rate Cut Expectations

KUALA LUMPUR, Aug 13 (Bernama) -- Gold futures on Bursa Malaysia Derivatives rebounded to close higher on Wednesday, mirroring gains in the US COMEX gold market amid growing expectations of a US Federal Reserve (Fed) interest rate cut.

FBM KLCI Highest In Four Months On US Rate Cut Hopes

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Aug 13 (Bernama) -- Bursa Malaysia extended its winning streak to seven consecutive sessions, with the FBM KLCI closing at a four-month high, driven by US July inflation data that came in slightly below expectations at 2.7 per cent, boosting hopes of a Federal Reserve (Fed) rate cut in September.

Bursa Malaysia Stays Higher At Midday, In Sync With Regional Market

KUALA LUMPUR, Aug 13 (Bernama) -- Bursa Malaysia continued its upward momentum at midday in line with the positive regional market performance, as market sentiments improved after the United States’ (US) July inflation data came in slightly below expectations at 2.7 per cent, fuelling hopes for a September rate cut.

Bursa Malaysia Opens Higher Tracking Wall Street Rally After Softer US CPI

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Aug 13 (Bernama) -- Bursa Malaysia opened higher today, mirroring Wall Street’s overnight rally after the latest US consumer price index figure came in slightly below expectations, thus paving the way for a possible Federal Reserve rate cut next month.

Ringgit Extends Gains Ahead Of US CPI Data Release

Bursa Malaysia Ends Higher As US-China Tariff Truce Lifts Sentiment

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Aug 12 (Bernama) -- Bursa Malaysia extended its upward momentum to close higher on Tuesday, boosted by news of the United States' (US) decision to extend its 90-day tariff truce with China until Nov 10, which lifted market sentiment. 

Bursa Malaysia Stays Higher At Midday

KUALA LUMPUR, Aug 12 (Bernama) -- Bursa Malaysia stayed higher at midday supported by news on the United States’ (US) extension of its 90-day tariff truce with China until Nov 10, lifting market sentiment.

Public Gold Customer Base To Hit 2.3 Mln By End-2025, Mulls Indonesia, Thailand And UAE Expansion

By Fatin Umairah Abdul Hamid and Mikhail Raj Abdullah

KUALA LUMPUR, Aug 12 (Bernama) -- Robust demand for gold is expected to raise Public Gold Marketing Sdn Bhd’s customer base to 2.3 million by the end of the year from 2.2 million currently.

Bursa Opens Higher Despite Weaker Wall Street

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Aug 12 (Bernama) -- Bursa Malaysia opened higher today despite a weaker Wall Street overnight performance, ahead of the United States (US) inflation data later this week, as many expect this will dictate the Federal Reserve's stance on possible rate cuts.