Bank Negara Malaysia

After Political Setback for the Democrats, Investor Attention Turns to Fed and Global Economic Trends

November 3, 2021

The FOMC decision will be announced at 14:00 EDT (18:oo GMT) and followed by Powell’s press conference 30 minutes later. A tapering of Fed net monthly asset purchases currently totaling $80 billion of Treasury securities and $40 billion of mortgage-backed securities is widely expected. Running on an anti-vaccination and anti-progressive cultural message, U.S. Republicans in […] More

Thursday Spotlight on Central Banks but Attention Also Maintained on Covid and Inflation

September 9, 2021

The dollar fell overnight by 0.3% against the Swiss franc and 0.6% versus sterling but remain unchanged on balance against the euro. Dips of 0.1% occurred against the yen and weighted DXY index. Share prices are higher in the United States and Continental Europe but are down in Great Britain. Earlier in the Pacific Rim, […] More

Fresh Wave of Risk-Aversion: Share Prices Now Following the Slide in Long-Term Interest Rates

July 8, 2021

U.S. stock futures point to a drop of around 1.3% at the U.S. open. Share prices Thursday closed down by 2.9% in Hong Kong, 1.1% in Singapore, 1.0% in South Korea, 0.9% in Japan and 0.8% in China. European stock markets so far have lost over 1.5% in German and the U.K. and more than […] More

Lower Dollar

May 6, 2021

The dollar settled back 0.4% on a weighted basis and against the euro overnight. The dollar also lost 0.5% relative to the Swiss franc, 0.3% versus the loonie, and 0.1% relative to the New Zealand and Australian currencies. The dollar alternatively edged 0.1% higher against the peso and sterling and held steady on balance versus […] More

Dollar Up, Equities and Bond Yields Lower, and U.S. Capitol on Alert

March 4, 2021

March 4th was the day U.S. presidents were inaugurated until the 1930s, and there’s internet chatter suggesting a possible reprise of the January 6th attack on the Capitol. Widely anticipated geopolitical traumas rarely seem to happen as planned. A notable exception occurred July 1, 1997, the day that Hong Kong reverted to Chinese rule. That […] More

Ahead of Biden Inaugural, Equities and Commodity Prices Are Up, while Dollar Is Softer

January 20, 2021

Overnight dollar losses amount to 0.6% against sterling, 0.5% relative to the Australian dollar, 0.4% vis-a-vis the yuan, 0.3% versus the loonie and kiwi, and 0.2% against the euro and peso. The Swiss franc is steady, and the yen has edged 0.1% lower against the greenback. The trade-weighted DXY dollar index is somewhat above 90.5. […] More

U.S. Election Day Has Come, and Stocks Are Rallying Around the World

November 3, 2020

There is a mood of trepidation this Election Day. Record numbers were cast early, and the choice is considered the starkest in living memory. Fears center on the possibility of a contested outcome and ensuing violence, with interference from cyber meddling and other glitches in counting the results. Despite widespread agreement that America is going […] More

Wednesday’s Bounce in U.S. Equities Appears Shortlived

September 10, 2020

Risk aversion is back in vogue. Share prices overnight plunged 5.0% in Indonesia and fell by 0.6% in Hong Kong and China. While India and Japan saw advances, stocks in Europe are down 0.6% in the U.K., 0.5% in Switzerland, and 0.2% in France. U.S. futures are also lower. The price of WTI oil fell […] More

U.S. Covid Data Continues to Draw Close Scrutiny from Financial Markets

July 8, 2020

The number of new U.S. Covid-19 cases identified in the past 24 hours once again surpassed 55,000, and there have been about 1000 related deaths, which is twice the number in the prior day. A number of Fed officials have recently pointed to this worrying development as perhaps foreshadowing a leveling off of economic recovery […] More

Central Bank of Malaysia Cuts Interest Rate

March 3, 2020

Bank Negara Malaysia reduced its overnight policy rate (OPR) by 25 basis points to 2.5%, its lowest level since July 2010. This was the second cut of 2020 and brings the cumulative reduction since May 2019 to 75 basis points. Today’s move may not be the final gesture according to a released statement: “The reduction […] More

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