(RTTNews) - European stocks are seen opening broadly higher on Monday after Wall Street wrapped up last week with a powerful rally on trade deal and Fed rate cut hopes. U.S. stock futures traded higher this morning as Senate Republicans seek to push President Donald Trump's sweeping tax-cut and spending bill forward in a marathon weekend session. The bill will add $3.3 trillion to the nation's deb...
(RTTNews) - European stocks are seen opening broadly higher on Monday after Wall Street wrapped up last week with a powerful rally on trade deal and Fed rate cut hopes. U.S. stock futures traded higher this morning as Senate Republicans seek to push President Donald Trump's sweeping tax-cut and spending bill forward in a marathon weekend session. The bill will add $3.3 trillion to the nation's debt, about $800 billion more than the version passed last month by the House of Representatives, a nonpartisan forecaster said on Sunday. Meanwhile, with digital services tax rescinded, Canadian Prime Minister Mark Carney and U.S. President Trump will resume trade negotiations in order to agree on a deal by July 21, Canada's finance ministry said in a statement. Asian markets were mixed as Trump said he is not planning to extend a 90-day pause on tariffs on most nations beyond July 9. Japanese factory output rose at a slower-than-expected pace in May, while elsewhere in South Korea, industrial production declined sharply in the month, regional data showed. China's factory activity shrank for a third month in June amid weak demand while non-manufacturing activity increased in the month, separate set of data revealed. Oil prices were down slightly inn Asian trade ahead of an OPEC+ meeting that will make its August oil production decision. Gold edged up slightly and the dollar wallowed near its lowest in nearly four years against the euro as investor await more U.S. economic data for additional clues to the trajectory of interest rates. The monthly jobs report is likely to be in focus this week, along with other reports on manufacturing, service sector activity and the U.S. trade deficit. Closer home, retail sales and consumer price inflation data from Germany will be in the spotlight later today. U.S. stocks advanced on Friday after a White House official said the U.S. had signed a finalized trade framework with China under the Geneva deal. Cooling tensions in the Middle East a...
The Pan-Malaysian Islamic Party (PAS) has voiced its opposition to the coming water musical festival set to take place in Bukit Bintang, Kuala Lumpur. Selangor PAS Youth chief Mohamed Sukri Omar said having an open large-scale event involving “free mixing and a festival-like atmosphere” should be reviewed. “It should be reviewed in terms of values, decorum, local cultural sensitivities and social ...
The Pan-Malaysian Islamic Party (PAS) has voiced its opposition to the coming water musical festival set to take place in Bukit Bintang, Kuala Lumpur. Selangor PAS Youth chief Mohamed Sukri Omar said having an open large-scale event involving “free mixing and a festival-like atmosphere” should be reviewed. “It should be reviewed in terms of values, decorum, local cultural sensitivities and social harmony, as Malaysia is a multiracial nation with Islam as the religion of the federation,” he said in a statement on Wednesday. Advertisement “Organising such a programme at a critical and crowded area such as Bukit Bintang will cause disruption to the workforce, businesses and traffic, as well as bring safety and health risks including congestion, vandalism, pollution and moral disturbance.” He said tourism should not only be seen through the lens of entertainment but must revolve around sustainability, the people’s welfare and the nation’s image. Advertisement He stressed that the protest against the event was not a rejection of Visit Malaysia 2026 (VM2026).