Skip to main content

Posts

Showing posts with the label US monetary policy

Featured Post

Market Daily Report: Bursa Malaysia Ends Lower Amid Broad-based Selling

KUALA LUMPUR, Nov 12 (Bernama) -- Bursa Malaysia extended its losing streak for a fourth consecutive session, closing lower on Thursday amid continued broad-based selling that weighed on market sentiment, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 9.23 points or 0.57 per cent to 1,585.96 from Wednesday's close of 1,595.19. The benchmark index opened 3.61 points lower at 1,591.58 and fluctuated between an intraday low of 1,583.66 and a high of 1,592.89 throughout the day. Market breadth remained negative with losers thumping gainers 799 to 318, while 476 counters were unchanged, 1,181 untraded and 13 suspended. Turnover climbed to 3.06 billion units valued at RM2.56 billion compared with yesterday’s 2.90 billion units valued at RM2.33 billion.
Post a Comment
Read more

Copper Bounces Back as Metals Selloff Cools, China Steps In

Summary Copper rebounded sharply on Tuesday after a two-day slump, as the broader metals selloff eased and  dip-buying emerged from China , the world’s largest copper consumer. While short-term momentum has softened, longer-term supply constraints are expected to keep prices elevated. What Happened Copper rose as much as 2%  to  US$13,148.50 per tonne This followed a  15% plunge from last Thursday’s record high Other industrial and precious metals also  recovered part of recent losses On the  London Metal Exchange , copper was up  0.5% at US$12,951 per tonne , while prices on the  Shanghai Futures Exchange  jumped  3.6% . Why Prices Rebounded The recovery was driven mainly by  renewed buying from China : Investors stepped in after the sharp correction Fabricators and manufacturers  restocked ahead of the Lunar New Year  (starting Feb 16) Physical demand returned after weeks of staying on the sidelines Why the Rally Has Slo...
Post a Comment
Read more

Dudley Advocates for Bold Fed Rate Cut Amid Uncertain Market Conditions

Former Federal Reserve Bank of New York President William Dudley has suggested a compelling case for a half-point interest rate cut at the Federal Reserve's meeting next week. Speaking at a forum organized by The Bretton Woods Committee in Singapore, Dudley stated, "I think there’s a strong case for 50," highlighting his preference for a more aggressive monetary policy move. Dudley, who led the New York Fed until 2018 and now chairs the Bretton Woods Committee, pointed to a slowing US labor market and emphasized that the risks to jobs are more significant than ongoing inflation challenges. He referenced Fed Chairman Jerome Powell's comments at Jackson Hole last month, which underscored a desire to prevent further weakening in the labor market. Dudley's remarks arrive as recent data showed core US inflation unexpectedly rose in August , reinforcing the likelihood of a quarter-point rate cut next week. Despite this, Dudley believes there is room for a more subs...
Post a Comment
Read more