KLCI up on crude oil ahead of US employment data - News Summed Up

KLCI up on crude oil ahead of US employment data


KUALA LUMPUR (Oct 7): The FBM KLCI rose 2.86 points or 0.2% on crude oil at above US$50 (about RM208) a barrel as investors waited for the crucial US employment numbers today. The US employment numbers offer clues on the nation's interest rate direction, which may have an impact on world markets. At Bursa Malaysia, the KLCI was traded at 1,669.59 points at 9:09am on gains in stocks like SapuraKencana Petroleum Bhd. Bursa Malaysia saw some 83 million shares worth RM32 million traded. The US dollar also held firm after data on Thursday showed the number of Americans filing for unemployment benefits unexpectedly fell last week to near a 43-year low


Source: The Edge Markets October 07, 2016 01:30 UTC



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