Corporate earnings anticipation boost

Wall Street rose as investors await tight election results, with U.S. 10-year yield dipping ahead of Fed’s decision.

By Staff Writer · November 6, 2024 · 1 min read

Wall Street rose broadly as investors anticipate tight U.S. election results, with U.S. 10-year yields dipping ahead of the Federal Reserve’s decision. Hong Kong’s HSI crossed 21,000 as China’s service sector growth and eased foreign investment rules boosted sentiment.

Corporate earnings

In Malaysia, the FBM KLCI closed above 1,620 with gains in banking, plantation, and telecoms amid corporate earnings anticipation. Despite Wall Street jitters, the local index is expected to hold steady within the 1,615-1,625 range. – Rakuten Trade