Category: News Group

Malaysian palm oil futures were around MYR 3,920 per tonne, slipping for the seventh straight session while hitting their lowest level since early March due to expectations of higher production in Q2 of 2024 as weather...

WTI crude futures traded around $82 per barrel on Monday, hovering at four-week lows, as investors were weighing the situation in the Middle East and abundant supplies of major crude grades. Iran downplayed Israel’s apparent...

Gold fell more than 2% around $2,330 per ounce on Monday, retreating from record highs last week, as concerns about a wider Middle East conflict eased. This prompted investors to pivot away from safe-haven trades toward riskier...

Retail sales in Indonesia increased by 6.4 percent year-on-year in February 2024, sharply picking up from a 1.1 percent growth in the previous month. It marked the ninth straight month of expansion in retail trade and the...

The Indonesian rupiah touched a four-year low of 16300 per USD in April, following a trend of weakening Asian currencies due to expectations of the Federal Reserve keeping interest rates high and uncertainty in the Middle East...

Recent inflation data indicate the central bank may need more time to feel comfortable lowering interest rates, Fed Chair Powell said during a panel discussion at the Wilson Center in Washington alongside Bank of Canada Governor...

The trade deficit in the US widened to $68.9 billion in February 2024, the highest in ten months, from an upwardly revised $67.6 billion gap in January and compared to forecasts of a $67.3 billion deficit. It reflected a...

ECB officials acknowledged that the case for considering interest rate cuts was gaining strength as inflation is expected to continue its downward trend in the coming months, while it was wise to await incoming data and evidence...

The HCOB Eurozone Composite PMI was revised upward to 50.3 in March, marking the highest level in ten months, up from the initial estimate of 49.9 and a significant improvement from February’s 49.2. This indicates a return...

Asian equity markets were mixed on Wednesday, taking cues from a weak lead on Wall Street overnight as investors took some profits and reassessed market valuations following a historic rally to record levels. Investors also...

Malaysian palm oil futures traded below MYR 4,150 per tonne, slipping for the second session due to a decline in rival edible oils and a further drop in crude oil prices. The contracts are heading for the biggest one-day fall in...

The economic sentiment indicator in the Euro Area increased to a three-month high of 96.3 in March 2024, marking an uptick from February’s revised figure of 95.5 and aligning with market expectations. Notably, the gauge...