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.
US October Jobs and CPI May Never Be Published, White House Warns as Shutdown Disrupts Data Pipeline
The White House said Wednesday that the October US jobs report and consumer price index are unlikely to be released, marking an unprecedented disruption to America’s economic data system as the government shutdown continues. Press Secretary Karoline Leavitt confirmed that key statistical agencies — including the Bureau of Labor Statistics — halted data collection and publication when the shutdown began, leaving policymakers without crucial indicators needed to assess the economy’s momentum. While some datasets could be reconstructed retroactively, economists have cautioned that the CPI and unemployment rate are among the releases most at risk of being skipped entirely. The BLS has not issued an updated calendar or indicated whether missing releases might be combined into future reports. In previous shutdowns, the agency has restored operations quickly, but officials now face the challenge of incomplete surveys that cannot be reproduced after the fact. Leavitt said Democrats “may have p...
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