Business News
FBM KLCI Rises on Bargain Hunting as Global Markets Rebound After Trump Tariff Reversal
FBM KLCI closes higher on foreign buying; Wall Street rebounds as Trump drops Europe tariffs and Greenland force option.
Tag: trump tariffs
Bursa Malaysia
FBM KLCI Cautious Amid Geopolitical Tensions, US Jobs Data Ahead
The FBM KLCI closed at 1,669.57 on Jan 8, down 0.43% or 7.26 points (range: 1,666.34-1,674.44) and is cautious with geopolitical tensions
Trade wars
US Supreme Court Questions Legality of Trump’s Tariffs Under Emergency Powers
Supreme Court justices challenged Donald Trump’s use of emergency powers for tariffs, questioning whether he exceeded Congress’s authority under IEEPA.
Business News
Fed Holds Rates Steady Amid Impact of Trump’s Tariffs
Fed keeps rates at 4.25%-4.5%, cites tariff uncertainty, solid labor market, and rising inflation, unemployment risks.
Business News
EU Responds to U.S. Tariffs with €26 Billion Countermeasures
The EU’s countermeasures will roll out in two phases, beginning April 1 and reaching full implementation by April 13
Analyst Report
Market volatility may persist due to concerns over potential U.S. tariffs
Volatility may persist due to concerns over potential U.S. tariffs under Trump’s administration, leading to cautious sentiment among foreign investors