Malaysian exports likely to have grown in February, trade surplus to have narrowed slightly
Malaysian trade data for the month of February is set to release tomorrow. According to a DBS Bank research report, exports are likely to have risen 6.8 percent year-on-year, while imports are expected to have grown 6 pe…
Malaysian trade data for the month of February is set to release tomorrow. According to a DBS Bank research report, exports are likely to have risen 6.8 percent year-on-year, while imports are expected to have grown 6 percent in the month. This should bring overall trade surplus to MYR 10.1 billion from MYR 11.5 billion previously.
Though the base effect from the Lunar New Year might have given some arithmetic lift, purchasing managers probably have cut back on their purchases by more than require due to trade war concerns.
“But positive signs are emerging from the trade talk between the US and China. This is expected to lift sentiments, which could potentially boost export performance”, added DBS Bank.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
