Global Markets Shift

Brazil, Guyana, and Argentina are set to supply roughly 50% of the world's crude output expansion this year, shifting the center of gravity for global supply away from traditional producers.

Investors show caution at the start of Q3 after Wall Street's record-breaking second quarter, with the S&P 500 and Nasdaq dipping at the open.

Rising power costs and vegetable prices pushed the headline rate up, adding to a patchwork of mixed inflation signals across Asia this month.

“The increase in electricity prices reflected the imposition of a surcharge following higher generation costs,”

“Household loan growth was sustained at 5.5%, amid steady loan growth across most purposes,”

“Amid these global developments, the ringgit appreciated slightly by 0.1% against the US dollar, broadly outperforming other regional currencies,”

Selling pressure broadens across Asia-Pacific markets, with South Korea's Kospi tumbling 10% and Japan's Nikkei falling over 3% amid renewed valuation concerns in the technology sector.

The economist who steered US monetary policy for 19 years passed away Monday, closing a chapter on the era of low-rate expansion.