Malaysia boosts diplomacy, markets rally globally, and Asia’s top currency may turn amid economic shifts.

🇲🇾 Malaysia News – PM Anwar Visits Russia

• PM Anwar Ibrahim embarks on a 4-day official visit to Russia, starting in Moscow and continuing to Kazan.
• The visit underscores Malaysia’s foreign policy alignment with major global players through ASEAN and BRICS.
• High-level meetings with Russian President Vladimir Putin and PM Mishustin to explore partnerships in:
  • Trade
  • Agriculture
  • Aerospace
  • Energy
• Anwar will also speak at the Moscow State Institute of International Relations and deliver a keynote at the XVI International Economic Forum in Kazan.

🌍 International News – US-China Trade Truce Boosts Markets

• The S&P 500 hits a two-month high after a 90-day tariff pause between the US and China.
• Investors react positively, pushing major tech stocks like Apple, Tesla, and Nvidia higher.
• Oil prices climbed nearly 4%, while traders reassess timelines for US rate cuts.

🌏 Asia News – Singapore Dollar Set to Weaken?

• The Singapore dollar, previously the strongest in Southeast Asia, may soften soon.
• With inflation easing and GDP growth downgraded, MAS might shift policy to neutral or easing.
• Analysts expect the SGD NEER to drift lower if upcoming data confirms economic slowdown.