Tuesday, 11 Aug 2020 08:09 AM MYT
With trading volumes dwindling as traders leave for summer holidays, the broader European STOXX 600 index held to tight ranges, ending the session 0.3 per cent higher. The benchmark saw trading volume down to nearly 75 per cent of its 30-day moving average. Banking sector stocks rose 2.0 per cent, leading sectoral gains, while the travel and leisure index, which has dealt a heavy blow in the wake of the health crisis, rose 0.9 per cent.
“For Cyclicals and Value to work from here, one needs to see a continued acceleration in the PMIs. We think this is unlikely,” JPMorgan's Mislav Matejka wrote to clients. Investors were also monitoring the negotiations between White House officials and Democrats over a fifth bill to address the economic impact of the coronavirus pandemic.
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US-China trade war does not have major impact on Malaysia’s trade, says Miti | Malay MailKUALA LUMPUR, Aug 10 — The United States (US)-China trade war does not have a major impact on Malaysia’s trade performance with both countries, even though it has impacted the global economy. The Ministry of International Trade and Industry (Miti) said Malaysia’s total trade with the US in...
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As China tensions soar, US embraces Taiwan with visit, but cautiously | Malay MailWASHINGTON, Aug 9 — Eager to find a foil for China, US President Donald Trump's administration is stepping up support for Taiwan, although a high-level visit to the island shows it is still treading carefully on an especially explosive issue. Health and Human Services Secretary Alex Azar is...
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China reports 23 new Covid-19 cases in mainland, vs 31 day earlier | Malay MailBEIJING, Aug 9 — China reported 23 new coronavirus cases in the mainland for yesterday, down from 31 a day earlier, the country’s health authority said yesterday. Among the new cases, 15 were locally transmitted and eight were imported infections, the National Health Commission said in a...
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China targeting US election infrastructure with cyberattacks, says White House security adviser | Malay MailWASHINGTON, Aug 10 — Chinese government-linked hackers have been targeting US election infrastructure ahead of the 2020 presidential election, White House National Security Adviser Robert O’Brien said yesterday, indicating a more active level of alleged Chinese interference. O’Brien’s...
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Asian shares on backfoot as focus shifts to US stimulus, China tensions | Malay MailSYDNEY, Aug 10 — Asian shares started cautiously today as investors kept one eye on flaring tensions between the United States and China and another eye on US fiscal stimulus after talks between the White House and Democrat lawmakers broke down. Trading was expected to be light with Japanese and...
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David and Goliath: China and Taiwan’s military mismatch | Malay MailTAIPEI Aug 10 — Few geopolitical contests are as mismatched as China and Taiwan. One is an authoritarian regional superpower of 1.4 billion people that boasts the world’s largest standing army and spends more on its military than any other country except the United States. The other is a...
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