Latest news with #USinflation
Zawya
a day ago
- Business
- Zawya
Mideast factors to watch on July 15
Here are some factors that may affect Middle East stock markets on Tuesday. Reuters has not verified the press reports and does not vouch for their accuracy. INTERNATIONAL/REGIONAL * GLOBAL MARKETS-Asian shares rise, dollar strengthens ahead of US earnings; JGB yields surge * Oil falls as Trump's 50-day deadline for Russia eases supply fears * PRECIOUS-Gold ticks higher with focus on US inflation data * MIDEAST STOCKS-Gulf stocks subdued as Trump steps up tariff threats * Israeli ultra-Orthodox party leaves government over conscription bill * OPEC projects 'very strong' third-quarter oil demand, followed by tight balance, RIA reports ISRAEL * Clerics accuse West Bank settlers of attacking Christian sites * Gazans' daily struggle for water after deadly strike * Israel's Bezeq to buy local telecoms firm for $160 million * Netanyahu aide faces indictment over Gaza leak SAUDI ARABIA * BRIEF-Mubadala Announces Significant Reinvestment In PCI Pharma Services * Rescued crew of Greek ship sunk by Houthis taken to Saudi Arabia UNITED ARAB EMIRATES * UAE lender ADCB reports 11% jump in second-quarter profit * Wizz Air pulls out of Abu Dhabi as instability wipes out hope of Middle East profits * BRIEF-Etihad H1 Passengers At 10.2 Million IRAQ * Two drones fall in Khurmala oilfield in Iraqi Kurdistan, counter-terrorism service says SUDAN * Sudanese RSF forces kill almost 300 in North Kordofan, activists say SYRIA * Attacks on Syrian security forces sent to quell sectarian clashes leave 18 dead as Israel strikes targets to protect Druze IRAN * Iranian lawmaker says Strait of Hormuz still under review, no decision yet to close it * Blast caused by gas leak injures 7 in Iranian city of Qom * Iran says it will respond to reimposition of UN sanctions LIBYA * More than 100 migrants freed in Libya after being held captive by gang, officials say (Compiled by Bangalore newsroom)
Malay Mail
14-05-2025
- Business
- Malay Mail
Ringgit rallies against greenback on softer US inflation, subdued Treasury yields
KUALA LUMPUR, May 14 — The ringgit closed firmer against the American dollar on Wednesday, supported by improved risk sentiment following a lower-than-expected US inflation reading and easing US Treasury yields. At 6pm, the local note appreciated to 4.2840/2910 versus the greenback compared to Tuesday's close of 4.3185/3250. SPI Asset Management managing partner Stephen Innes said the Malaysian ringgit strengthened today after US yields eased following a softer-than-expected April inflation report, giving room for Asian currencies, including the ringgit, to recover. 'While long-term US interest rates remain elevated, markets are starting to reassess the inflation outlook, as the expected price pressures from recent tariff announcements have yet to materialise. US President Donald Trump's new import tariffs were expected to trigger a near-term price spike, but April's inflation data showed no notable increases in the categories likely to be affected,' he told Bernama. He noted that the foreign exchange market was subdued today, with movements largely driven by external factors rather than domestic developments. At the close, the ringgit traded lower against a basket of major currencies. It declined against the Japanese yen to 2.9373/9425 from 2.9181/9227, fell against the euro to 4.8204/8282 from 4.7961/8033 and dropped against the British pound to 5.7191/7285 from 5.7056/7142 previously. The local note was traded higher against its Asean peers. It climbed versus the Singapore dollar to 3.3045/3104 from 3.3084/3137 yesterday, rose against the Indonesian rupiah to 258.6/259.2 from 259.7/260.2 and surged against the Thai baht to 12.8920/9208 from 12.9958/13.0240. It advanced against the Philippine peso to 7.66/7.68 from 7.74/7.76. — Bernama
