AGP Executive Report
Last update: 11 hours agoRates: Malaysian economists expect Bank Negara to raise its policy rate to 3% in early 2027, citing resilient growth, inflation risks and pressure on the ringgit; the central bank held at 2.75% this week. Market Shock: US stocks suffered a sharp AI-led sell-off, with the Nasdaq dropping a record 1,421 points as investors weighed tighter AI oversight and concerns about heavy data-center spending. Corporate Outlooks: Toyota raised its annual operating-profit forecast to ¥3.9 trillion on hybrid demand and a weak yen, while trimming its global sales outlook. Maersk lifted its 2026 EBIT forecast to $8 billion–$8.5 billion as congestion supports freight rates, but investors focused on weaker volumes and sent shares lower. Energy Costs: Qantas raised its near-term fuel-cost forecast and warned prices may stay high, increasing pressure to lift fares or cut flights.
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