upcoming US election, growth and inflation should be the primary considerations for monetary policy.Overall, in its view, the decision is likely to be a close one, depending on whether BNM wants to be pre-emptive.
As at 12.25pm, Joe Biden already have 209 votes leading Donald Trump's 118 votes by 91 votes, Joe Biden just need only another 61 votes then will won the US election ! Huat ah ! Heng ah ! Ong ah !
By Jonathan Martin and Alexander Burns * Nov. 7, 2020 Updated 12:48 p.m. ET
Joseph R. Biden Jr. achieved victory offering a message of healing and unity. He will return to Washington facing a daunting set of crises.
Joseph Robinette Biden Jr. was elected the 46th president of the United States on Saturday, promising to restore political normalcy and a spirit of national unity to confront raging health and economic crises, and making Donald J. Trump a one-term president after four years of tumult in the White House. Mr. Biden’s victory amounted to a repudiation of Mr. Trump by millions of voters exhausted with his divisive conduct and chaotic administration, and was delivered by an unlikely alliance of women, people of color, old and young voters and a sliver of disaffected Republicans. Mr. Trump is only the third elected president since World War II to lose re-election, and the first in more than a quarter-century. The result also provided a history-making moment for Mr. Biden’s running mate, Senator Kamala Harris of California, who will become the first woman to serve as vice president. With his triumph, Mr. Biden, who turns 78 later this month, fulfilled his decades-long ambition in his third bid for the White House, becoming the oldest person elected president. A pillar of Washington who was first elected amid the Watergate scandal, and who prefers political consensus over combat, Mr. Biden will lead a nation and a Democratic Party that have become far more ideological since his arrival in the capital in 1973.
President Biden is favours to world trade ! World economy will start booming from today onwards ! And asian stock markets including KLSE will be in bull market from today onwards ! As at 2.10pm, Hang Seng : 26,095.46 (+382.49) (+1.49 %) Shanghai composite: 3,380.38 (+68.23) (+2.06 %) Nikkei : 24,912.31 (+587.08) (+1.41 %) Taiwan Weighted : 13,127.47 (+153.94) (+1.19 %) Korea Kopsi : 2,449.96 (+33.46) (+1.38 %) Singapore STI : 2,611.34 (+32.66) (+1.27 %)
(Bloomberg) -- Oil in London jumped by the most since June as Pfizer Inc. reported a potential Covid-19 vaccine breakthrough.
Crude futures spiked following news the vaccine, being developed by Pfizer and BioNTech SE, prevented more than 90% of infections in a study of tens of thousands of volunteers.
Markets globally surged. WTI climbed more than 10% in New York, while global equities soared. It led to broader strength in the oil futures curve, with timespreads also moving sharply higher.
A vaccine “would be the most meaningful type of mitigator to the situation,” Saudi Energy Minister Prince Abdulaziz Bin Salman said prior to the Pfizer announcement at a conference on Monday. “We’re still hopeful that vaccine is found and that vaccine or vaccines spread and hopefully mobility would be regained.”
Since Covid first emerged, oil markets have been steadily recovering from the biggest crash in consumption in a generation. Transport use in Asia has rebounded strongly, but the renewed resurgence of the virus in Europe has continued to weigh on demand in the region. The emergence of a vaccine would not only help regions suffering form renewed lockdowns, but could also help spur the return of aviation demand -- the hardest hit corner of the market.
The relief in the market was seen in the profits from turning crude into transport fuels. Gasoline cracks in the U.S. reached their highest since mid-October, while those in Europe also gained. Jet fuel was also gaining relative to the value of other transport fuels in Europe, Bloomberg fair value data show.
Prices had earlier rallied as Joe Biden declared victory in the U.S. presidential election and began preparations to navigate America’s pandemic-hit economy out of crisis, with potential shifts coming on a range of policies from fiscal stimulus to Iranian sanctions. At the same time, Saudi Arabia said that OPEC+ could extend oil cuts through 2022 as the group seeks to re-balance the glutted market.
KUALA LUMPUR: Malaysia said on Wednesday it has signed an agreement with China to cooperate on the development of a safe and efficacious vaccine, as part of efforts to combat the Covid-19 pandemic.
Under the agreement, in force for an initial period of five years, the Southeast Asian nation will be given priority access to Covid-19 vaccines developed by China. Both will share knowledge and expertise and facilitate scientific and technological capabilities to advance vaccine development in their countries, Malaysia said in a joint ministerial statement. Science, Technology and Innovation Minister Khairy Jamaluddin signed the agreement with his Chinese counterpart Wang Zhigang in a virtual ceremony.
Cooperation between Malaysia and China under the agreement would be supervised by a committee chaired by the foreign affairs ministers of both countries that was formed in October to address post-pandemic challenges.
"Both countries will also support the participation of their public and private sectors including universities, institutions, societies and organisations in joint collaborative projects," the Malaysian ministries said.
Will budget 2021 pass? Tengku Razaleigh and a few BN MPs refuses to support the budget, if Budget fails, market will crash? Buy now or sell? How? If budget fails, parliament dissolve? market crash?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
calvintaneng
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Posted by calvintaneng > 2020-10-22 14:59 | Report Abuse
COMPARE & CONTRAST NAIM 18 SEN DIVIDEND WITH HONG LEONG BANK TO SEE THE OVERALL PICTURE, Calvin Tan Research
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-10-22-story-h1534768792-COMPARE_CONTRAST_NAIM_18_SEN_DIVIDEND_WITH_OTHERS_TO_SEE_THE_OVERALL_PI.jsp