HONG KONG, Aug 24 — Equities and oil prices rose again in Asia today, extending a global rally fuelled by renewed optimism over the recovery outlook after Washington gave full approval to Pfizer-BioNTech’s vaccine and an increase in US Covid infections appeared to be peaking.
New York’s three main indexes shot higher yesterday — with the Nasdaq hitting a new record — as traders cheered news that the Food and Drug Administration had fully approved the Pfizer-BioNTech shot, which is expected to help push up vaccinations. Analysts said data suggesting that a recent spike in infections in the United States was tailing off was also lifting spirits as figures dropped in the original hotspots and new cases slowed in Florida and Louisiana.
The rally was mirrored in oil markets, where both main contracts extended the previous day’s surge of more than five per cent, which marked the best daily performance in nine months as recovery hopes lifted demand expectations. West Texas Intermediate “should be supported going forward as the selloff was overdone and as stockpiles continue to shrink”.
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.
Rafizi: Pakatan must focus on rural areas to secure Malay votes | Malay MailKUALA LUMPUR, Aug 23 — Former PKR vice-president Rafizi Ramli said Pakatan Harapan (PH) has to focus on penetrating rural areas to secure Malay votes. Online news portal Malaysiakini quoted Rafizi as saying that PH should get politicians who are knowledgeable on issues faced by rural areas folks... Now PKR not as much money as when was supported by the west so how? Hahaha rafiziramli You can spearhead that effort. if PH still addicted to Anwar, then good luck for the rurals' votes.
Source: malaymail - 🏆 1. / 86 Read more »
Malay woman from Ipoh goes viral for fluent Tamil and Cantonese (VIDEO) | Malay MailPETALING JAYA, August 24 — Videos of a Malay woman from Ipoh speaking fluent Tamil and Cantonese have gone viral on TikTok. In the first video that garnered over one million views, Fatimah Mat Kasar, 54, spoke to her neighbour in Tamil, saying that she was heading to Batu Gajah. The video on...
Source: malaymail - 🏆 1. / 86 Read more »
Former Sabah CM Musa’s son dies of Covid-19 | Malay MailKOTA KINABALU, Aug 24 — A son of former Sabah chief minister Tan Sri Musa Aman passed away today due to Covid-19. He was 34. “It is with great sadness that we announce the passing of Mohammed Hayssam Musa on August 24. Mohammed Hayssam is survived by his wife and daughter,” said a statement... rip
Source: malaymail - 🏆 1. / 86 Read more »
Sarawak not affected by new requirements of MM2H announced by federal govt, says minister | Malay MailKUCHING, Aug 24 — Sarawak will not be affected by the new requirements and regulations of the MM2H (Malaysia My Second Home) programme as recently announced by the federal government, effective October 2021, Datuk Karim Rahman Hamzah said. The state tourism, arts and culture... MM2H has different requirements based on different states in Malaysia? Confused Then those foreigner gonna come to Sarawak, good thing
Source: malaymail - 🏆 1. / 86 Read more »
Salutica in Ipoh closes production areas after workers test positive for Covid-19 | Malay MailKUALA LUMPUR, Aug 24 ― Ipoh-based electronics manufacturer, Salutica Bhd has sealed its production areas after a number of its production workers tested positive for Covid-19. In a filing with Bursa Malaysia today, the company said the affected areas have been closed for deep cleaning and...
Source: malaymail - 🏆 1. / 86 Read more »
Tokyo Paralympics to open as Japan battles Covid-19 surge | Malay MailTOKYO, Aug 24 ― Tokyo's Paralympic Games open today, with athletes hoping to shatter stereotypes and world records despite a year-long pandemic delay and as Japan battles a surge in virus cases. The Games will officially be declared open this evening by Japan's Emperor Naruhito but virus rules...
Source: malaymail - 🏆 1. / 86 Read more »