It is worth noting t...來自Invincible

It is worth noting that the Fed's interest rate meeting tonight will be the first time since December last year that a "dot map" will be released, providing forecasts of the US economy and interest rates. The forecast, which was supposed to be released in March, was shelved due to a shift to an emergency meeting.

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JF Apex noted that MMC, Supermax, Velesto, Serba Dinamik, Axis REIT, HSS Engineers, Imaspro, Globetronics, Uzma reported better y-o-y quarterly results. On the other hand, Suria Capital, CCM, PetChem, PetGas, Wah Seong, Hup Seng posted weaker y-o-y quarterly net earnings. Meanwhile, US markets rose overnight as the bullish momentum continues amid economies being reopened.

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NAB chief executive Ross McEwan says the government could put some of the $60 billion in savings from the JobKeeper scheme into extended support for hard-hit businesses such as tourism operators and restaurants. In a wide-ranging discussion released by the bank, Mr McEwan also predicted consumers' shift away from using cash during the pandemic was likely to be permanent, as customers flock to digital payments. Amid debate over whether the government should bank the savings from last week's $60 billion costing bungle, or spend the money elsewhere, Mr McEwan said the scheme was playing a "vital" role in helping firms hold onto workers. He highlighted the plight of tourism-linked businesses especially, including hotels, cafes, bars, and nightclubs.

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The exchange rate turned sharply higher last week when leaders from France and Germany initially discussed a further stimulus plan to help out the economies hit hardest by Covid-19. There was some push back from the original proposal as some member states opposed the idea of providing grants as a form of a stimulus. The European Union discussed a new package yesterday, worth as much as 750 billion euros, that will be distributed in the form of grants and loans. Italy and Spain are expected to be the main beneficiaries of the package, set to receive 81.8 billion euros and 77.3 billion euros respectively. Approval is still required from all of the member states and ongoing developments stand to move the exchange rate.

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