Real estate stocks continue to surge as soft inflation reports fuel rate cut hopes
The Real Estate Select Sector SPDR ETF (XLRE) outperformed the major market averages for the third straight week.
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The Real Estate Select Sector SPDR ETF (XLRE) outperformed the major market averages for the third straight week.
The spot price of gold rose Wednesday as a report on consumer prices showed inflation cooled in April.
KUALA LUMPUR: The overnight record-breaking performances of major US indices are returning some optimism to the domestic market, although the benchmark index remains sideways as investors opt for caution.
KUALA LUMPUR (ANN/THE STAR) – Following a night of record-breaking feats by prominent US indices, the domestic market is witnessing a resurgence of optimism, even as the benchmark index treads cautiously due to investor discretion. After a retreat in the preceding session, the FBM KLCI showed signs of recovery, opening slightly higher on Thursday with […]
Inflation is cooling just in time for a US presidential election that will likely focus heavily on the economy.