KUALA LUMPUR (Sept 14): Malaysian shares the ringgit may today take the signal from raw petroleum's overnight 3% fall, which hit US values.
At Bursa Malaysia, the spotlight could be on shares of oil and gas-related organizations, which give bolster administrations to the business.
Shares of oil palm ranch organizations may likewise be nearly watched against lower raw petroleum costs. This is on the grounds that less expensive raw petroleum prompts desire of less interest for palm oil as feedstock for biodiesel creation.
The ringgit likewise tracks raw petroleum costs as the item frames a significant bit of the Malaysian economy.
Recently, the FBM KLCI fell 9.26 focuses to close at 1,677.18 focuses. The ringgit reinforced to 4.1093 against the US dollar.
In overnight US offer exchanges, the Dow Jones Industrial Average declined 1.41%, S&P 500 dropped 1.48% while Nasdaq Composite was 1.09% lower.
Reuters reported that US stocks fell pointedly on Tuesday, with vitality offers hammered by lower oil costs and financials dropping on decreased prospects of a close term rate climb.
Oil costs fell as much as 3% on Tuesday after the International Energy Agency and OPEC changed gauges that flagged the worldwide rough excess could hold on for any longer than anticipated. Brent unrefined settled down US$1.22 or 2.5% at US$47.10 a barrel.
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