BPA Malaysia weekly bond market report 21 January 2018

The Malaysian bond market registered its first weekly drop for 2018 despite a firmer ringgit. The TR BPAM All Bond Index shed 0.115 per cent, ending the week at 156.377 points compared to 156.557 points last Friday, on the back of rising yield seen in the MGS. With the exception of the 30-year curve point […]

Weaker dollar adds to optimism over US earnings

NEW YORK, Jan 20 — The dollar’s drop to three-year lows this week after prolonged weakness in 2017 is expected to further boost profits at big US companies when investor optimism is already high over corporate tax cuts. Investors are keeping…

Global stocks rise as shutdown brews, bond yield at three-and-a-half year high

NEW YORK, Jan 20 — World equity markets climbed to a record yesterday as the US dollar held near three-year lows and a US government shutdown loomed, while US Treasury yields continued their ascent to hit their highest levels since September…

Wall Street traders brace for meager paychecks as bonus season approaches


NEW YORK (Jan 19): Some traders at the largest Wall Street banks are about to get big, fat zeroes for bonuses while they watch markets thrive. Trading revenue was down significantly across the industry during the fourth quarter, wrapping up a year in which clients around the globe sat idle as market volatility hovered near historic lows. The big five Wall Street banks — JPMorgan Chase & Co, Citigroup Inc, Bank of America Corp, Goldman Sachs Group Inc and Morgan Stanley — reported an average revenue decline of 32% forRead More

‘Must-have’ fish sauce helps create new Vietnam billionaire

HO CHI MINH CITY, Jan 19 — For Vietnamese consumer tycoon Nguyen Dang Quang, placing his fish sauce and other “must-have” condiments in the kitchen shelves of just about every home in the country has helped make him a billionaire. Shares of…

Wall St pauses rally as utilities, industrials fall

NEW YORK, Jan 19 — Wall Street fell yesterday as losses in industrials and interest-rate sensitive sectors offset marginal gains in tech stocks. Utilities and real estate dipped 0.6 per cent and 1.0 per cent, respectively. The two sectors,…

Digi’s settlement agreement with Telenor has no impact on analysts’ forecasts

KUCHING: Digi.Com Bhd’s (Digi) settlement agreement with the Telenor group has had no impact on analysts’ forecasts for Digi. In a filing on Bursa Malaysia, Digi’s board of directors announced that wholly-owned subsidiary Digi Telecommunications Sdn Bhd had on January 17, 2018 entered into a settlement agreement with Telenor IT Asia Sdn Bhd and Telenor […]

Ringgit ends marginally lower versus greenback

KUALA LUMPUR: The ringgit close marginally lower against the US dollar today on the back of rising US Treasury yields, dealers said.

At 6pm, the local note finished at 3.9540/9570 against the greenback from 3.9520/9560 on Wednesday.

Oanda Corp Head of Trading for Asia Pacific, Stephen Innes, said the ringgit was initially traded higher, however the US Treasury yields rose and triggered a stronger US dollar momentum and some short covering in early trade.

“The ringgit is more than up for the challenge,” Innes said, adding that today's lethargic foreign exchange market moves suggested that investors would continue to take advantage of any opportunistic retreat on the dollar-ringgit exchange rate as bullish momentum remained intact.

“While higher US bond yields could present some headwinds for the local unit, surging global equity markets and higher energy prices more than offset the pressure from US interest rates, and the local traders started to re-engage short dollar-ringgit positions once the dollar correction ran out of steam,” said Innes.

Oil prices also lent support as there was tightening supply and strong global demand, he added.

The domestic note traded mixed against a basket of major currencies.

It declined against the Singapore dollar to 2.9887/9912 from Wednesday's 2.9867/9906, but advanced against the Japanese yen to 3.5522/5553 from 3.5674/5720 yesterday.

The ringgit eased against the British pound to 5.4731/4777 from 5.4506/4577 and was higher against the euro at 4.8290/8339 from 4.8388/8441. — Bernama

Ringgit ends lower on rising US Treasury yields

KUALA LUMPUR, Jan 18 — The ringgit close marginally lower against the US dollar today on the back of rising US Treasury yields, dealers said. At 6pm, the local note finished at 3.9540/9570 against the greenback from 3.9520/9560 on Wednesday….

Ringgit opens at 3.9625/9655 against US greenback

KUALA LUMPUR, Jan 18 — The ringgit depreciated against the US dollar in early trade today on a lack of buying momentum, said a dealer. At 9am, the ringgit stood at 3.9625/9655 against the greenback from yesterday’s close 3.9520/9560. Oanda…