News
Asian stocks rise on hopes of end to US govt shutdown
BENGALURU (Nov 10): Indonesia's equities scaled a record high on Monday, while those in South Korea advanced more than 3% to trade a few points below a lifetime high, as markets globally gained on optimism that the prolonged US government shutdown may soo
Fed hawks blast rate cut, say US inflation is too high
Two regional Federal Reserve bank presidents on Friday aired their disagreement with the US central bank's decision to cut interest rates this week, saying the labour market doesn't need the support and inflation is too high to warrant such a move.
CIMB Treasury and Markets Research expects BNM to maintain OPR at 2.75% in final Monetary Policy Committee meeting
KUALA LUMPUR (Oct 31): CIMB Treasury and Markets Research expects Bank Negara Malaysia (BNM) to maintain the overnight policy rate (OPR) at 2.75% in its final Monetary Policy Committee (MPC) meeting on Nov 6, underpinned by robust macroeconomic indicators
European Central Bank holds rates steady as economy shows resilience
The European Central Bank has kept interest rates on hold, as expected, at its latest meeting on Thursday. The central bank held its key deposit facility rate at 2% for the third consecutive time, having last cut rates in June.
CNBC Daily Open: Fed’s quarter-point cut brings little cheer to U.S. markets
The U.S. Federal Reserve on Wednesday stateside cut interest rates by a quarter point, bringing the overnight funds rate range between 4% and 4.25%. That move was fully priced in markets — so traders got what they expected.
Oil prices hold steady as markets await Fed rate decision
Oil prices held steady in early trading on Wednesday, after rising more than 1 per cent in the previous session on drone attacks on Russian ports and refineries, while traders awaited an expected rate cut from the U.S. Federal Reserve.
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