Oil prices fell to end the week little changed and the dollar index posted its largest weekly drop in five weeks. — Reuters pic
Technology stocks weighed the most on the S&P 500, with IBM and Intel posting 10 per cent and 9 per cent declines, respectively, after underwhelming earnings.With stock valuations nearing levels not seen in two decades, some market participants said new Covid-19 variants and hiccups in vaccine rollouts pose near-term risks for equities.
The pan-European STOXX 600 index lost 0.57 per cent yesterday after a survey showed economic activity in the euro zone shrank markedly in January, with the services sector weighed by lockdown restrictions to contain the coronavirus pandemic.Emerging market stocks lost 0.94 per cent. MSCI’s broadest index of Asia-Pacific shares outside Japan closed 0.85 per cent lower, while Nikkei futures lost 0.23 per cent.
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Ringgit ends lower on weak market catalysts | Malay MailKUALA LUMPUR, March 26 — The Malaysian ringgit closed slightly lower against the US dollar today as the stronger greenback curbed risk appetite for emerging currencies amidst weak local market catalysts, dealers said. At 6pm, the ringgit settled at 4.1445/1485 versus the...
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Asian stocks step back from record highs on rising bond yields, weak US data | Malay MailSYDNEY, Feb 19 — Asian stocks pulled back from all-time peaks today as higher longer-dated bond yields and underwhelming US data dented investor confidence in a faster economic recovery from the Covid-19 pandemic, while gold hit a seven-month trough. MSCI’s broadest index of Asia Pacific shares...
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Weak market sentiment continues to weigh on ringgit | Malay MailKUALA LUMPUR, Jan 25 — The ringgit extended its downtrend to close lower against the US dollar today as the weak market sentiment continued to weigh on investors’ risk appetite, dealers said. At the close, the local note weakened to 4.0430/0460 against the greenback from 4.0415/0445 on Friday....
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Weak German business morale, vaccine delays push European stocks to two-week low | Malay MailFRANKFURT, Jan 26 ― European shares closed at two-week lows yesterday as a slump in German business morale underscored the damage from tighter Covid-19 restrictions, while investors feared a slow vaccine rollout could further delay an economic recovery. The pan-European STOXX 600 index reversed...
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