Market outlook remains optimistic
Equity markets are rising due to easing trade tensions between major economic powers, with investors becoming less bearish on risky assets. However, gains may be largely priced in, and focus could shift back to fundamentals. The FBM KLCI may see mild profit-taking after recent gains, and lower liners could face a pullback as investors secure profits and reassess market dynamics. Key economic data, including US Producer Price Index and Retail Sales, will be in focus. In sectors, Technology may gain momentum following Nasdaq’s positive performance, while the Energy sector could see profit-taking due to a pullback in crude oil prices after an unexpected rise in US crude oil inventories.
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