US Feds no rate hike a boost for local market
Market Outlook: The FBM KLCI is expected to trade positively, influenced by Wall Street’s strong performance. Improved sentiment, driven by local institutional funds and year-end window dressing, is countering foreign fund outflows.
Key global focus remains on the upcoming US CPI data, which could signal the Fed’s next interest rate move.
Technical Commentary: The FBM KLCI extended its gains for a fourth session, with positive indicators (MACD above Signal Line, RSI > 50). Resistance is at 1,625; support at 1,570.
Weststar Aviation Services signed a RM2 billion financing deal with AmBank to double its helicopter…
Industry players urge the government to create inclusive automotive incentives supporting the entire supply chain…
Kerjaya Prospek wins RM98.8m Seremban hospital job, boosting order book to RM4.3bn with strong earnings…
Trump’s war update drives Brent crude to USD109; strategic buy positions in oil and commodity…
The U.S. labor market rebounded in March with nonfarm payrolls rising +178K, the strongest gain…
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