Oil jumps above US$107 as Asia sells off, Fed and BOJ rate decisions now collide with a fresh energy shock Markets are opening the week under renewed pressure. Brent crude has jumped about 3% to above US$107 , Asian equities are falling sharply, and U.S. Treasury yields remain close to 5%. At the same time, investors are preparing for possible rate hikes from both the Federal Reserve and Bank of Japan this week . For investors, the central question has become: Can central banks contain inflation without causing a much larger slowdown when energy prices are surging at the same time? 30-second market snapshot Market / Asset Latest 🇺🇸 S&P 500 7,656.98, +0.86% Friday 🇺🇸 Dow Jones +0.98% Friday 🇺🇸 Nasdaq +0.96% Friday 🇲🇾 FBM KLCI 1,686.74, -1.10% Friday 🇯🇵 Nikkei -1.7% Monday morning 🇰🇷 Kospi -3.3% Monday morning 🌏 MSCI Asia ex-Japan -0.8% 🛢️ Brent crude ~US$107.36, +2.6% 🛢️ WTI crude ~US$102.48, +2.4% 🇺🇸 U.S. 10Y Treasury ~4.97% 🥇 Gold ~US$4,336...
KUALA LUMPUR, Aug 26 (Bernama) -- Bursa Malaysia ended higher on Wednesday, in line with most regional markets, as lower oil prices eased inflationary pressure and improved risk appetite, with buying interest mainly focused on YTL-related and banking counters, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) surged 12.21 points to 1,748.54 from Monday’s close of 1,736.33. The benchmark index opened 3.07 points higher at 1,739.40 and fluctuated between 1,735.70 and 1,753.22 throughout the day. YTL Power International contributed 8.21 points to the index’s gains, while YTL Corporation added 3.23 points. Among banking counters, Maybank contributed 3.43 points, followed by CIMB Group with 2.30 points and Public Bank with 1.72 points. Collectively, these counters contributed 19 points to the overall rise in the composite index. On the broader market, gainers trounced losers 777 to 466, while 582 counters were unchanged, 1,029 untraded and 49 suspended.