US – Aug Leading Index
21/09/2020 09:52 am MYT
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The US leading economic index rose by 1.2% in Aug. Meanwhile, over the six months to Aug, the leading economic index decreased by 4.7%, down from zero growth over the previous six months. The weaknesses among the leading indicators remained widespread.

Positive contributors in Aug – beginning with the largest – were initial claims, the ISM New Orders Index, stock prices, average weekly manufacturing hours, and the interest rate spread. The negative contributors were average consumer expectations for business conditions, manufacturers’ new orders for nondefense capital goods excluding aircraft, the Leading Credit Index, manufacturers’ new orders for consumer goods and materials, and building permits.

The leading economic index suggests that economic growth will slow in the fourth quarter of 2020.

Note from Publisher
In an inevitable response to the escalating Covid-19 confirmed cases, the government re-imposed a conditional movement control order (CMCO) on Kuala Lumpur and Selangor. Although the CMCO is imposed on only two territories in Peninsula Malaysia and with most economic activities permitted to operate as usual, Malaysia’s already-weak economy will be battered even further given that Selangor and Kuala Lumpur account for a massive 40% of the country’s entire GDP. The small and medium-sized enterprises would be the most severely impacted. Hopefully, Malaysians will learn from this self-inflicted flop and refrain from bringing about another round of MCO. Politicians take note.

Alert subscribers of i Capital may have noticed that we have started to feature Hong Kong stocks in Section H, in addition to Malaysian and Singaporean companies. We are pleased to announce that companies listed on the Shanghai and Shenzhen Stock Exchanges will be featured regularly as well in said section. For subscribers of, the feature pertaining to trading can be found in the Trading Picks section under the main heading of Trading Smart. This added content is part of our continued effort to add value for the subscribers of i Capital and
Following the Recovery Movement Control Order ("RMCO") announced by the Malaysian Government which takes effect from 10 June 2020 to 31 August 2020, Capital Dynamics Sdn Bhd and Capital Dynamics Asset Management Sdn Bhd, being capital market intermediaries licensed by the Securities Commission of Malaysia, are operating as usual in accordance with the Standard Operating Procedures ("SOP") prescribed by the relevant authorities. During the RMCO, we will continue to take precautionary measures to protect our employees, clients and other stakeholders. Among others, all visitors must continue to wear face masks, having their body temperature recorded, making health declaration and ensure social distancing when you visit any of our Kuala Lumpur offices. To better manage your visits and avoid any inconveniences, you are advised to make an appointment with us before your visit. For our Kuala Lumpur office, you may reach us at +603-2070 2104 or 2105 or 2106 or email us at (investment advisory) or (fund management).
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