News Formal

Bank stocks skid on possible cut in rate

  • 📰 staronline
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 75%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

The GDP growth slowed to 3.6% in the fourth quarter of 2019.

Banks, being the largest industry constituent, dragged the FBM KLCI lower as the benchmark index fell by 8.54 points or 0.55% to 1,542.94.

Nor Shamsiah said yesterday that the country’s growth in the first quarter will be affected by the outbreak that is currently still developing. She also noted that the measure of impact at this stage cannot be fully ascertained due to other economic variables.

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:

 /  🏆 4. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Maybank Investment Bank Research estimates 4Q 2019 GDP to moderate to 3.8pc | Malay MailKUALA LUMPUR, Feb 11 — Maybank Investment Bank Research (Maybank IB) has estimated the gross domestic product (GDP) growth for the fourth quarter (4Q) 2019 to moderate to 3.8 per cent year-on-year (YoY) based on drops in mining and agriculture, plus a slowdown in manufacturing. This is despite a...
Source: malaymail - 🏆 1. / 86 Read more »