The Bank of Russia unexpectedly maintained its key interest rate at a record-high 21% , defying analysts’ expectations of another significant hike as inflation remains stubbornly elevated. The decision marks a shift toward a more measured approach in balancing economic growth and price stability. Key Details Inflation Concerns: Annual inflation climbed to 8.9% in November, well above the central bank’s 4% target , with inflation expectations reaching 13.9% in December. Policy Rationale: The central bank cited the significant tightening of monetary conditions after October’s 200-basis point hike as sufficient to resume disinflationary processes. Governor Elvira Nabiullina emphasized avoiding both economic overheating and severe slowdowns. Economic Overheating: Elevated government spending on the war in Ukraine and social programs, coupled with labor shortages and rising wages, have fueled strong domestic demand, exacerbating price pressures...
FBM KLCI goes up by 0.9%, following the Asian region trend. This came as the market sentiment improved, due to oil gain. At 5pm, the KLCI closed at 1,664.99 points. Gains in counters such as SapuraKencana Petroleum Bhd and UMW Holdings Bhd supported the index's advance.
Brent crude surged above US$35 a barrel as energy ministers from Saudi Arabia and Russia, two of the world's biggest oil producers, met in Doha on Tuesday to discuss the market.
Bursa Malaysia saw 1.8 billion shares worth RM1.77 billion traded. Gainers outnumbered decliners at 551 against 303.
Hubline Bhd was the most-actively traded stock. The leading gainer was Genting Bhd.
British American Tobacco (M) Bhd and Petronas Gas Bhd were among the biggest decliners.
Asian stock indices rose. In China, the Shanghai Composite gained 3.29%, while Hong Kong's Hang Seng climbed 1.08%.
Japan's Nikkei 225 rose 0.2% while South Korea's Kospi was up 1.4%.
Asian shares extended gains today as a combination of stabilising Chinese markets, rebounding oil prices and solid US consumption data prompted investors to look for bargains after last week's rout.
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| FBM KLCI increased by 0.9% |
Brent crude surged above US$35 a barrel as energy ministers from Saudi Arabia and Russia, two of the world's biggest oil producers, met in Doha on Tuesday to discuss the market.
Bursa Malaysia saw 1.8 billion shares worth RM1.77 billion traded. Gainers outnumbered decliners at 551 against 303.
Hubline Bhd was the most-actively traded stock. The leading gainer was Genting Bhd.
 |
| Top Active |
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| Top Gainer |
British American Tobacco (M) Bhd and Petronas Gas Bhd were among the biggest decliners.
 |
| Top Loser |
Japan's Nikkei 225 rose 0.2% while South Korea's Kospi was up 1.4%.
Asian shares extended gains today as a combination of stabilising Chinese markets, rebounding oil prices and solid US consumption data prompted investors to look for bargains after last week's rout.
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