The FBM KLCI dipped to below the 1,690 mark amid a regional slaughter also affected by the heightening in volatility in crude oil price. Broadly speaking.
Global markets are certainly awaiting for more clarity from Trump’s next move. For today we expect the index to trend between the 1,685-1,700 range today.
Oil surge
Wall Street ended on a mixed note as traders’ sentiment remains entrenched from the surging volatility in crude oil price.
Brent crude is currently trending at around the USD113/barre but off the high at USD116/barrel. Meanwhile, the US 10-year yield edged higher at 4.35%.
Over in Hong Kong, the HSI declined on the escalating tension over in the middle east that propelled crude oil price higher.
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