Markets eyeing Jerome Powell's remarks at upcoming Jackson Hole Economic Policy Symposium

LONDON/TOKYO, July 1 — Worries over future United States (US) tariffs are clouding the outlook for factories across much of Asia and Europe, according to surveys released on Tuesday, which nonetheless showed some were able to shrug off the uncertainty and keep growing.

LONDON, May 6 — Oil gained more than US$1.50 per barrel on Tuesday, rebounding on technical factors and bargain hunting after a decision by OPEC+ to boost output sent prices down in the previous session, although concerns about a market surplus persisted.

KUALA LUMPUR, Feb 4 — Malaysia's manufacturing sector is expected to sustain positive growth, supported by resilient domestic demand and gradual improvements in supply chain conditions, according to Public Investment Bank Bhd (PIVB).

KUALA LUMPUR, Jan 2 — The seasonally adjusted S&P Global Malaysia Manufacturing Purchasing Managers’ Index (PMI) fell to 48.6 in December 2024 from 49.2 in November, with cost increases at their slowest pace in over four-and-a-half years, since June 2020.

KUALA LUMPUR, Nov 7 — An increase in investment inflows, improved tax collection relative to the gross domestic product (GDP), and a narrower fiscal deficit are positive catalysts expected to drive Malaysia's economy to grow between 5.0 per cent and 5.5 per cent in 2024 and 2025.

KUALA LUMPUR, May 24 — The ringgit eased further in early trade on Friday in the wake of strong economic data supporting the US dollar.

KUALA LUMPUR, March 1 — The ringgit was slightly lower against the US dollar at Friday's closing, although sentiment towards the local currency remains favourable, as Bank Negara Malaysia (BNM) has firmly said the ringgit is undervalued.

KUALA LUMPUR, Feb 20 — MIDF Research expects Malaysia’s external trade to likely recover in 2024, backed by a turnaround in electrical and electronics (E&E) trade.

KUALA LUMPUR, Feb 1 — The overall optimism of Malaysian manufacturers picked up slightly in January 2024 from that seen last December amid signs of demand improvement, S&P Global said today.

KUALA LUMPUR, Jan 3 — The ringgit slipped further against the US dollar on Wednesday as investors waited for more clarity about the United States (US) interest rate outlook.

KUALA LUMPUR, Jan 2 — The overall demand conditions across the manufacturing sector remained muted at the end of 2023, leading firms to scale back production amid limited new order inflows, said S&P Global.

KUALA LUMPUR, Dec 1 — There were some tentative signs of improvement in the Malaysian manufacturing sector, resulting in less pronounced slowdowns in new orders output and employment while business confidence reached a seven-month high, said S&P Global.

KUALA LUMPUR, Nov 8 — AmBank (M) Bhd said Malaysia is on track to record a 4.0 per cent gross domestic product (GDP) growth this year and 4.5 per cent for 2024, following a marginal contraction in September’s Industrial Production Index (IPI).

LONDON, Nov 2 — Oil gained one per cent today to snap its three-day decline, as risk appetite returned to financial markets after the United States (US) Federal Reserve kept benchmark interest rates on hold.

KUALA LUMPUR, Oct 31 — The ringgit ended lower against the US dollar at Tuesday’s close after the latest Chinese manufacturing data came in weaker than expected, while investors await cues from the upcoming United States (US) Federal Reserve (Fed) meeting.

KUALA LUMPUR, Sept 6 — The ringgit traded in a narrow range as the US dollar continued to firm amid nervous sentiments following concerns over the bleak outlook for the global economy after disappointing China and European data.

KUALA LUMPUR, Sept 5 — The ringgit ended lower against the US dollar today after Caixin China General Services purchasing managers’ index (PMI) missed expectations by a wide margin, which weighed on local risk markets, said an analyst.

KUALA LUMPUR, Sept 1 — Overall demand conditions remain subdued across the Malaysian manufacturing sector, with the latest data signalling further muted trends across the sector midway through the third quarter of the year, said S&P Global.

KUALA LUMPUR, Aug 30 — The ringgit opened higher against the US dollar today as the greenback retreated following the release of the United States’ (US) economic data which came in below expectations, as well as the improvement in risk appetite, said an analyst.