SYDNEY, June 12 — Asian shares were subdued on Wednesday after data showed China’s consumer prices still remained soft, while the dollar held firm ahead of a key US inflation...
In suit, 1MDB alleges Rosmah spent up to RM1.6b using its funds to buy jewellery and handbags from 48 vendors in 14 countriesData showed that China’s consumer price index fell 0.1 per cent in May from a month earlier, missing forecasts. On an annual basis, they rose 0.3 per cent.
China’s blue chips were last down 0.1 per cent, while Hong Kong’s Hang Seng index extended earlier losses to fall 1.2 per cent, also weighed by a 27 per cent plunge in China Evergrande New Energy Vehicle Group, after the unit of developer China Evergrande warned of losing assets.Overnight on Wall Street, Apple surged 7 per cent to a record high a day after it unveiled new AI features meant to rekindle demand for iPhones. That helped Nasdaq Composite rise 0.9 per cent and the S&P 500 gain 0.
“I like to use US core CPI m/m as my simple playbook guide, so any number that rounds to 0.2 per cent m/m could offer relief in risk markets and bring out USD sellers, while a number that rounds to 0.4 per cent could see US two-year yields rise and with it the USD comes in hot.” Hours after the release of the US CPI data, the Fed is considered certain to hold steady at its policy meeting, but the focus is on whether it keeps three rate cuts in its “dot plot” projections for this year.Treasury yields, which fell overnight on the robust result of a 10-year Treasury auction, steadied. The 10-year yield held at 4.4099 per cent, after falling 7 bps the previous session.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DPM Ahmad Zahid to visit China from May 22 to June 1KUALA LUMPUR: The ringgit breached the RM2.99 level against the Japanese yen last seen in June 2015 in early trade on Tuesday.
Read more »
Seven areas in Klang Valley to experience water cuts in JuneThe water cuts are scheduled to take place from June 5 until June 7.
Read more »
Klang Valley residents prepared for scheduled water cutsThey have stored water ahead of the water cuts scheduled for June 5 until June 7.
Read more »
China warns Philippines against acts of infringement, provocation in South China SeaJapan ranks first when it comes to the world's cleanest airports.
Read more »
China defence minister warns of ‘limits’ to Beijing’s restraint on South China SeaSINGAPORE, June 2 — China’s defence minister warned today of “limits” to Beijing’s restraint on the South China Sea and over the deployment of ballistic missiles in the...
Read more »
China says US provoking arms race in moves into South China SeaBEIJING, June 9 — The US poses the largest security challenge in the South China Sea as its military deployment there is turning it into “the whirlpool of an arms race”,...
Read more »