KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
The D Day is approaching on whether the U.K votes to leave the European Union on June 23.
While to a lot of people, it is something that has to do with the U.K, the impact could hurt the global economy, at least according to U.S. Treasury Secretary Jacob J. Lew.
According to a report by Bloomberg, Lew said “It’s in the best interest of Europe, the U.K. and the global economy and for geopolitical stability for the U.K. to stay in.
“I only see negative economic outcomes if the vote goes the other way.”
And the U.S Treasury Secretary wasn't the only who feel that way.
Financial markets have been whipsawed in recent days as investors grapple with the possibility of a British exit from the European Union. Sterling fell for a second week in a row as opinion polls suggested the vote is too close to call; the latest Opinium poll conducted for the Observer newspaper and released Saturday had 44 percent of respondents wanting to remain in the EU and 42 percent wanting to leave.
Pensions at risk if Brexit becomes reality
David Cameron has warned that pledges to raise state pensions every year and ringfence spending for the NHS may have to be ditched in a brutal new phase of austerity if the country votes for Brexit.
In an exclusive interview with the Observer, with only 12 days to go until the crucial referendum vote, Cameron insists he is not trying to scare people but is focusing on the reality of what life would be like outside the EU and the world’s largest trading market.
Has Brexit taken the lead?
It is getting nearer and reading the news surrounding us suggest that the world leaders preferred U.K to stay within the E.U to avoid the negative impact as they believe but according to an exclusive survey by Independent, the campaign to take Britain out of the E.U has opened up a remarkable 10-point lead over the Remain camp.
The survey of 2,000 people by ORB found that 55 per cent believe the UK should leave the EU (up four points since our last poll in April), while 45 per cent want it to remain (down four points). These figures are weighted to take account of people’s likelihood to vote. It is by far the biggest lead the Leave camp has enjoyed since ORB began polling the EU issue for The Independent a year ago, when it was Remain who enjoyed a 10-point lead. Now the tables have turned.
Even when the findings are not weighted for turnout, Leave is on 53 per cent (up three points since April) and Remain on 47 per cent (down three). The online poll, taken on Wednesday and Thursday, suggests the Out camp has achieved momentum at the critical time ahead of the 23 June referendum.
(Source: independent.co.uk)
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