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Afternoon Briefing 04 Sep 2023: Oil Flat on OPEC+ Cuts
Abstract：This week, increased attention was placed on the data emerging from Australia and China, contributing to the advancements experienced by Asian shares.
Asian Markets
This week, increased attention was placed on the data emerging from Australia and China, contributing to the advancements experienced by Asian shares.
European Markets.
European shares closed tending to rise as the US jobs report beat expectations.
US Pre-Open Markets
US markets closed mostly 100 points higher in early September, the best week since July.
Commodities
Oil was flat as US economic data and OPEC+ trimmed expectations.
U.S. Treasury Yield.
The 10-year Treasury yields rose as traders assessed new jobs data.
Major Currency Pairs
The dollar was steady as traders said the Fed was done raising interest rates.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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RM460,000 Gone: TikTok Scam Wipes Out Ex-Accountant’s Savings
A 61-year-old former accountant in Johor lost RM469,875 after responding to a TikTok ad for Bursa Malaysia “investments,” communicating via WhatsApp, joining a chat group, and making 13 transfers to multiple company accounts. Scammers lured him with promises of 7%–15% returns and an initial “profit” payout of RM14,763 before pressing for more deposits
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Should You Learn to Trade or Trust Someone with Your Money?
Should Malaysians develop their own trading skills or entrust their capital to professionals? Understanding the real risks behind both choices is essential to protecting your financial future!
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Find out what a good spread in forex trading is, typically between 0 to 5 pips, and why it matters for traders aiming to reduce expenses.
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