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Ringgit, KLCI to trade mixed this week

THE ringgit and the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) are expected to trade mixed this week as investors wait for fresh catalysts. All eyes will be on the latest political development as Opposition leader Datuk Seri Anwar Ibrahim is expected to have an audience with the King tomorrow, prompting the investors to adopt a wait-and-see approach in addition to rising Covid-19 infections both locally and abroad.

India s factory growth rebounded in July, hiring resumed after 15 months

Reuters 3 minute read A labourer welds an iron pillar at a building material factory in an industrial area in Dasna, in the central Indian state of Uttar Pradesh, India, January 9, 2019. Picture taken January 9, 2019. REUTERS/Adnan Abidi BENGALURU, Aug 2 (Reuters) - Factory activity in India bounced back in July as demand surged both at home and abroad, prompting companies to create new jobs for the first time since the onset of the pandemic, a private sector survey showed on Monday. The Manufacturing Purchasing Managers Index (INPMI=ECI), compiled by IHS Markit, jumped to 55.3 last month from 48.1 in June, well above 50-level separating growth from contraction.

India s factory growth rebounded in July, hiring resumed after 15 months

India s factory growth rebounded in July, hiring resumed after 15 months
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