Organisers of YB Viral’s anti-Anwar protest say will go ahead despite rejection by Putrajaya local govt, tell cops to facilitate instead
Data showed new orders for key US-manufactured capital goods unexpectedly fell in May, while core durable goods orders fell 0.1 per cent versus forecasts for a 0.2 per cent rise, boosting investor beliefs that a weaker economy could prompt the Federal Reserve to cut interest rates in September.Weekly jobless claims fell to 233,000, missing expectations of 236,000. Further, a final print showed the US economic growth increased more than estimated in the first quarter.
Market participants have highlighted concerns over the rally's sustainability and have called out for the need to diversify portfolios to hedge against possible sharp losses. “What we've been looking forward for most of the week is kind of that preponderance of evidence to tip the scales on what is the direction for inflation,” said Rob Haworth, senior investment strategist at US Bank Wealth Management.
Advancing issues outnumbered decliners by a 1.62-to-1 ratio on the NYSE. There were 168 new highs and 78 new lows on the NYSE.
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