November 20, 2024 05:03 GMT
MALAYSIA: Country Wrap: October Exports Weaker than Expected.
MALAYSIA
- The consumer sector continues to experience strong tailwinds from the recovery in tourism, which has driven a significant increase in consumer demand, according to MIDF Research (source: The Star).
- Oil Prices Fluctuate on USD, Ukraine Russia Tensions and Iran News (source: NI – Market News).
- Malaysian exports grew less than expected in October, up just +1.6% and imports weaker than expected rising just +2.6%. Despite that the trade balance was better than expected at MYR11.98bn (source: MNI – Market News).
- Malaysia’s FTSE Bursa Malaysia KLCI was down -0.34% to record the eighth down day in ten.
- MYR was modestly stronger for the second day in a row at 4.4695.
- Bonds: were very quiet with yields hardly changed. 10-year MGS 3.865%.
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