MONEY MASTER

S&P Global Ratings has reaffirmed Malaysia’s sovereign credit rating at  ‘A-’ with a Stable outlook , underscoring confidence in the country’s diversified economy, steady fiscal consolidation and policy reforms. Policy Environment Supports Rating The agency said Prime Minister Anwar Ibrahim’s administration has created a more favorable policy climate, enabling reforms and fiscal measures to gain traction. “The stable outlook reflects our expectation that Malaysia’s growth momentum and prevailing policy environment will allow modest improvements in fiscal performance over the next two to three years,” S&P noted. Growth Outlook 1H 2025 GDP : Expanded 4.4%, driven by resilient household spending, strong labor market, subdued inflation and robust investment in manufacturing and services. Full-year projection : Growth of 4%–4.8%. External Position Remains Strong Malaysia has recorded  current account surpluses for over two decades . S&P expects the surplus to remain aro...

It hasn't been like this for a while but the US stocks saw a surge yesterday and rose across the board, supported by the jump in oil price while rally in Amazon.com just made S&P 500 to reach its best day in two months. Wall Street bullish All three major averages closed about 1.25 percent higher in high volume trade, with the Dow up about 222 points. S&P 500 jumped 1.25 percent to 2,084.39 while Nasdaq Composite added 1.26 percent to 4,809.88. Amazon.com jumped 3.43 percent to a record of $703.07, giving the biggest boost to the S&P 500 and the Nasdaq. All 10 major S&P sectors gained and seven of them were up over 1 percent, led by a 1.75 percent rise in the energy index. Oil rose over 4 percent as supply disruptions in Canada and elsewhere overshadowed fears of oversupply. International stock markets were helped by solid corporate earnings in Europe, progress on Greek debt talks, and a new pledge by Japan that it was prepared to weaken t...

Standard & Poor's 500 Index turns positive for 2016 in the wake of a  dovish Federal Reserve that helped the gauge post its longest weekly winning streak since November. One of the greatest comeback in the history The S&P 500 followed the Dow Jones Industrial Average to advance for the year, after a poor start to the year, with  The Dow jumping by 12% in 24 days through Thursday, boosted by seven separate daily advances exceeding 1%. It's amazing given that 2016 has started with one of the worst performance so far but a stunning comeback with stocks pushing over the top as US Fed signaled a slower pace of interest-rate increase this week. The S&P 500 added 0.4% to 2,049 and is now up 0.3% this year after falling as much as 11%. According to a report from Bloomberg, Friday’s gains were braced by health-care companies, with the group on the way to ending the longest losing streak in two months. Banks were on pace to halt a three-day slide after also lagging...

The US market saw a late-session rally yesterday to close higher, helped by an increase in oil prices that helped to reduce investors' fears on banks' vulnerability to the big chunk of debt of the energy companies and their ability to repay their debts. Wall Street Update   S & P energy sector saw a gain of 0.9%, trimming its loss in 2016 to 27% after US crude futures went up by about 1%.  Besides the S&P energy sector, there are 8 other major sectors in the index that saw a gain compared to the previous close. The three major indexes saw a gain towards the end of the day after a day at the negative territory. The Dow Jones industrial average rose 0.32% to end at 16,484.99 points and the S&P 500 gained 0.44 percent to 1,929.8. The Nasdaq Composite added 0.87 percent to 4,542.61. Crude prices near 2003 lows have hammered the earnings of U.S. energy companies, exacerbated fears of a slowing global economy and created turbulence on Wall Street that...