Carian mengenai topik stephen-innes

The market appears to be expecting a Fed rate cut of between 25 and 50 basis points, says Dr Mohd Afzanizam Abdul Rashid.

The greenback was also supported by higher US 10-year Treasury yields after the release of US inflation data yesterday, an analyst said.

The ringgit continued its positive momentum this morning to open slightly higher against the greenback on the expectation of a US Federal Reserve downshift to a 25 basis points interest rate hike.

Stephen Innes said the local note rallied this morning as buying flows on China's reopening continued to help Asia foreign exchange.

Stephen Innes said the ringgit is expected to trade more favourably to the more risk-friendly environment.

At 9 am, the local note stood at 4.3915/3995 against the US dollar from 4.3950/4000 at Wednesday's close.

Stephen Innes said the unexpectedly strong US economic data had triggered a minor reversal of sorts in broader US dollar sentiment.

At 9 am, the local note rose to 4.5050/5100 against the US dollar from yesterday's close of 4.5060/5130.

At 9 am, the local note further strengthened to 4.4760/4810 against the greenback from Thursday's close of 4.4910/5000.

Stephen Innes said the steadier crude oil prices earlier this week have also provided support for the local note.

Innes said the ringgit was expected to trade weaker today as China's reopening play got dumped, coupled with the risk from the GE15.

Rakuten's Thong says the short-term direction of the FBM KLCI would depend largely on the stability of the local political landscape.

Malaysia's new govt faces a huge task of strengthening recovery, maintaining economic momentum and stabilising the political environment.

The ringgit is expected to trade a tad more defensively today on the back of hawkish Federal Reserve speak overnight.

The local note eased marginally to 4.7100/7150 against the US dollar from Wednesday's close of 4.6885/6950.

An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.

The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.

The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).

Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.

The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.

Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.

Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.

Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.

Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.

PM Anwar Ibrahim said NFOF will support venture capital fund managers to invest in startup companies with RM300 million set aside for 2025.