The U.S. dollar faced continued pressure in Asian trading on Tuesday as traders parsed comments by members of the Federal Reserve for clues on the path of interest rates.
China kept its benchmark lending rates unchanged for the fourth consecutive month in September, in line with market expectations, following the central bank's decision to hold a main policy rate steady last week.
Asian stocks were a mixed bag on Monday, with Japanese shares rebounding from prior losses despite a hawkish Bank of Japan, while Indian technology stocks slid on U.S. President Donald Trump’s crackdown against a major work visa category.
Oil prices gained in Asian trade on Monday supported by geopolitical tension in Europe and the Middle East, although the prospect of more oil supply and concern about the impact of trade tariffs on global fuel demand weighed.
The narrative surrounding natural rubber is broken and has created a negative perception of it.
The outlook for the rubber glove industry continues to be cautious, although analysts across the board agree that it has now bottomed out as most industry players persisted to sustain the bounceback by recording profitability in their latest quarterly results. With global macro factors such as US tariffs and the business policies of Chinese manufacturers who are constantly on the lookout for new markets posing as potential banana skins, local glove companies have been keeping on their toes to ensure they remain in the black.
Source : Thestar.com.my