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BBCNEWS Asia July 5, 2024

with what economists are expecting for the latest inflation figures that they will likely show that inflation went up slightly month over month, but it will drop year over year. numbers like that would be encouraging for the us federal reserve as it debates whether or not to make a change to interest rates. well, the us central bank started hiking rates aggressively last year. authorities have hiked rates ten times marking the fastest tightening cycle since the 1980s. expectations are high that this time , they might pause. earlier, i spoke with market strategist charu chanana, and she gave me her outlook for the us federal reserve. expectations are built in for the next two quarters. this time. i think the markets are being complacent about that slow down in information that you just talked about as well as a potential fall or skip, whatever you might call it. if you remember, last week we got some hock wish trends in the market from the reserve band of australia and ....

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Ringgit to recover in value due to ongoing structural reforms, says economist

KUALA LUMPUR: Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the value of the ringgit should be better than what it is now due to the government’s ongoing structural reforms. ....

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Asia markets fall as global banking fears widen

•Credit Suisse, founded in 1856, has faced a string of scandals in recent years, including money laundering charges and other issues •On Thursday, Credit Suisse said it would borrow up to 50bn francs from the Swiss central bank "to pre-emptively strengthen its liquidity" ....

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Ringgit weakens amid bearish risk sentiment

KUALA LUMPUR: The ringgit fell further against the US dollar amid bearish local risk sentiment as investors digested the United States (US) inflation data for January, which pointed to the possibility of a longer string of interest rate hikes. ....

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Stocks open mostly higher as earnings reports stream in

Read more about Stocks open mostly higher as earnings reports stream in on Devdiscourse ....

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