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US goods-trade deficit narrows as exports surge to record

Bloomberg The US merchandise-trade deficit narrowed for first time this year as the value of exports surged to a record and imports fell from an all-time high. The deficit shrinks to $85.2 billion from $90.6 billion in March, according to Commerce Department data. The median estimate in Bloomberg survey of economists had called for a $92 billion shortfall last month. ...

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China stocks’ biggest weekly rise rekindles investor hopes

Bloomberg China stocks’ biggest weekly surge since February is rekindling investor hopes for a strong rally ahead. But don’t expect the sentiment-driven frenzy of last year, analysts say. The benchmark CSI 300 Index gained 3.6% last week, with turnover nearing the 1 trillion yuan ($157 billion) mark – the most since late February. Foreigners snapped up a record amount of ...

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Malaysian assets fall after government imposes full lockdown to curb Covid-19

Bloomberg Malaysian stocks dropped and the ringgit weakened after the government imposed a two-week nationwide lockdown to curb a relentless surge in Covid-19 infections. The FTSE Bursa Malaysia KLCI Index falls as much as 1.6% on Monday, before paring losses to 0.7% at the close in Kuala Lumpur. The ringgit slid as much as 0.4% to 4.1480 per dollar, while ...

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