1Q18 Results Wrap – Latest Stock Picks! The bank’s strategy emphasizes technology while offering diverse financial products to its Islamic target base. Trade this stock with 3 dagangan forex converter trading limit.
Be the first to like this. Published: July 14, 2017 3:06 p. Friday, as reports of supply issues in Nigeria and a higher forecast for crude demand helped send prices up for a fifth session in a row, to their highest finish in nearly two weeks. 54 a barrel on the New York Mercantile Exchange. 91 a barrel, with prices up about 4. Please use the sharing tools found via the email icon at the top of articles.
Copying articles to share with others is a breach of FT. Subscribers may share up to 10 or 20 articles per month using the gift article service. The US dollar has fallen to its lowest point in nearly 10 months on the heels of soft data on inflation and retail sales that have dimmed expectations for a third interest-rate increase in 2017. The dollar index — which measures the greenback against a basket of peer currencies — has declined 0. 6 per cent on Friday, taking it to 95.
15 — its lowest point since late September, according to Bloomberg data. The index is also on track for its steepest one-day slide since June 27. The dollar extended its earlier decline against a basket of major currencies on Friday, after weaker-than-forecast data on consumer prices and retail sales in June raised doubts about US economic growth and whether the Federal Reserve would raise interest rates again in 2017. US consumer prices were unchanged in June and retail sales fell for a second straight month, pointing to tame inflation. Economists had forecast the CPI edging up 0. 1 percent last month and its drop of 0. 1 percent in May and the lack of a rebound in June could trouble Fed officials who have largely viewed the recent moderation in price pressures as transitory.
The CPI data begs the question, at what point does transitory becomes something that is more sustained, in terms of the softness,” said Richard Franulovich, senior currency strategist at Westpac Banking Corp in New York. The dollar index, which tracks the greenback against six major rivals, was down 0. 248 after earlier falling to 95. 186, its lowest since September 2016.
No one stepped up to but the US dollar on Friday, it closed on the lows of very close against the euro, Australian dollar and the Canadian dollar. The market — generally — still likes the US dollar but a close on the weekly lows is a technical signal you can’t ignore. Add in the breakouts against the pound, CAD and Aussie, and you have a recipe for a brutal week ahead. Fed is in the communication blackout. Scale has always been a stumbling block for AFG. HLB is the fifth-largest lender by assets in Malaysia.
Hong Leong Financial Group Bhd is listed as the main earnings driver for its parent company. Meanwhile, AFG last Thursday dismissed speculation that it was the subject of a merger. The bank, which saw some changes in shareholding, said it was financially sound and looking to lift its returns to shareholders. This would outpace Malayan Banking Bhd’s 363 domestic branches. In addition, the merged entity would be valued at RM266bil in terms of total assets. This would make it the fifth-largest institution after the merged RHB Bank Bhd-AMMB Holdings Bhd.