Investor sentiments cautious of new US trade wars

The local stock market is likely to remain within a downward consolidation trend due to a lack of fresh global catalysts. While Malaysia’s 3Q24 GDP met expectations, investor sentiment remains cautious amid potential renewed U.S.-China trade tensions following Trump’s re-election.

His proposed tariffs could escalate significantly, targeting goods worth 10 times more than the previous trade war. Locally, focus shifts to the ongoing quarterly earnings season.

The REIT sector is expected to stay resilient due to its defensive nature and potential benefits from future interest rate cuts, while oil and gas stocks may face pressure from last Friday’s decline in crude oil prices.

Staff Writer

Recent Posts

CIMB Islamic Channels RM500,000 Into Universiti Pendidikan Sultan Idris Edu-Forest Conservation Project

CIMB Islamic contributes RM500,000 to UPSI Edu-Forest project supporting biodiversity conservation, research, education and Orang…

3 hours ago

Sandoz Malaysia Announces partnership to expand patient access to biosimilars

− Sandoz Malaysia has partnered with Sunway Medical Centre to expand patient access to biosimilarsthrough education and…

1 day ago

Is IoT dead? Or has it failed to materialise beyond the hype?

Raw IoT data is often just noise. AI turns this data into "actionable wisdom," explains.

1 day ago

Scoot Bolsters Fleet With 11 Airbus A320neo

Scoot has ordered 11 Airbus A320neo aircraft to enhance its fleet, supporting growth and improving…

1 day ago

Legs for Bursa to trend higher

The FBM KLCI shows positive movement, with expectations to range between 1,755-1,765, driven by anticipated…

1 day ago

Mak Joon Nien is Now CEO of Growth Markets and CEO of CIMB Singapore

CIMB Group appointed Mak Joon Nien as CEO of Growth Markets and CEO of CIMB…

1 day ago

This website uses cookies.