KUALA LUMPUR: The FBM KLCI rose on Friday, tracking a three-day climb on Wall Street on growing optimism over a US Federal Reserve policy rate cut and an overnight report that Washington was considering a delay on tariffs of Mexican imports. Wall Street put in a positive performance overnight, extending its winning streak to three straight sessions. Japan's Nikkei Index tracked the bullish turn, rising 0.4% in Friday trade. Oil prices are also on the rise following the US-Mexico trade report. Brent crude futures were up 50 cents at US$62.17 a barrel while US crude grew 50 cents to US$53.09 a barrel.

Source: The Star June 07, 2019 01:18 UTC