Pundits: Ramasamy’s anti-Pakatan campaign will chip away at KKB majority, but not enough for a Perikatan upset on May 11
London meanwhile zoomed to yet another record peak at 8,199.95 points, with HSBC soaring more than four per cent on a bumper stock buyback despite sliding first-quarter profits and the exit of its chief executive.Eurozone gross domestic product grew by a stronger-than-expected 0.3 per cent in the first three months of 2024 compared to the prior quarter, having slid into a shallow recession in the second half of last year, official data showed. Annual inflation held at 2.
Stronger growth and sticky inflation could mean the ECB keeps rates high for longer, which is lifting the euro, she said. US consumers, the motor of the world’s largest economy, appear less optimistic about the jobs market and more worried about future financial conditions.These moves come before the Fed’s rate decision, with traders lowering their expectations since early 2024 for how many rate cuts the bank will make.
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