Wednesday, 03 Jun 2020 03:43 PM MYT
The upbeat mood — and hopes for an extension to a massive output cut agreement — helped oil markets continue their rally, with Brent breaking the US$40 mark for the first time in three months. “If I look at the markets, I see a V-shaped recovery,” Mark Mobius, co-founder of Mobius Capital Partners, told Bloomberg TV. “That’s what the markets are telling us.”
Mumbai, Taipei and Jakarta were also more than one per cent higher, while Shanghai added 0.1 per cent, Wellington climbed 0.8 per cent and Manila soared 3.7 per cent.The gains tracked a rally across European markets and Wall Street, where dealers — for now — are looking past anti-racism protests in major US cities that have led Donald Trump to call for the military to be deployed.“For now the good virus news... more than outweighing the bad,” said National Australia Bank.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European shares gain as recovery hopes boost cyclicals | Malay MailNEW YORK, June 2 — European shares rose yesterday, as signs of recovery for the continent’s manufacturers prompted investors to continue snapping up cyclical stocks. The pan-European STOXX 600 index finished up 1.1 per cent, holding at highest level since March 9 even as trading activity was...
Source: malaymail - 🏆 1. / 86 Read more »
Hong Kong shares extend rally | Malay MailHONG KONG, June 2 — Hong Kong shares enjoyed more healthy gains today, building on the previous day’s more than three per cent surge, as the easing of lockdowns trumped worries about China-US tensions. The Hang Seng Index climbed 1.11 per cent, or 263.42 points, to 23,995.94. The benchmark...
Source: malaymail - 🏆 1. / 86 Read more »
Ringgit higher for third straight day on signs of economic recovery | Malay MailKUALA LUMPUR, June 2 — The ringgit extended its uptrend for the third straight day amid further sign of economic recovery from the Covid-19 crisis after China announced a rebound in its May Manufacturing Purchasing Managers’ Index (PMI). At the close today, the ringgit was quoted at 4.2750/2800...
Source: malaymail - 🏆 1. / 86 Read more »
MTUC: Govt's Short-Term Economic Recovery Plan must solve Malaysia’s growing unemployment rate | Malay MailKUALA LUMPUR, June 3 — The Malaysian Trade Unions Congress (MTUC) today urged the government to come up with a strong, viable and sustainable plan to address the woes of workers in Malaysia. The umbrella union body said when Prime Minister Tan Sri Muhyiddin Yassin announces the Short-Term...
Source: malaymail - 🏆 1. / 86 Read more »
Hong Kong leader calls out 'double standards' on national security, points to US | Malay MailHONG KONG, June 2 — Hong Kong leader Carrie Lam accused foreign governments of “double standards” in their reaction to Beijing's plans to impose national security laws on the city, pointing to anti-police brutality protests in the United States. In her first public appearance after Washington... Double standards? The police officers have been charged with murder. Any HK police officers being charged so far?
Source: malaymail - 🏆 1. / 86 Read more »
'I can't be silent': Hong Kong people aim to mark Tiananmen despite ban | Malay MailHONG KONG, June 2 — Many Hong Kong people will find their own way to mark the 31st anniversary of Chinese troops opening fire on protesters in and around Tiananmen Square, after an annual candlelight vigil was cancelled for the first time because of the coronavirus. The anniversary of the...
Source: malaymail - 🏆 1. / 86 Read more »