Wall Street Eyes Key Economic Data - Photo by Pixabay on Pexels.com
The FBM KLCI is expected to rebound despite regional challenges, driven by potential bargain hunting, rate cuts by the US Federal Reserve and Bank of England, and optimism from the recent Republican election victory.
“Despite the disappointing regional performance, we believe the FBM KLCI is poised for a rebound, as bargain hunting activities may emerge bolstered by rate cuts by the US Fed and Bank of England and the continual promising support from the recent Republican election victory.
“We expect the FBM KLCI to float above 1,600 psychological level over time. For today, investors will be focusing onto the release of US inflation data which will provide a clearer picture over the future interest rate direction. Profit taking activities in plantation sector may kick in following the pullback in CPO prices.
“Meanwhile, we favour the export-related sectors such as gloves, furniture and technology, riding onto the strength of the Greenback,”
Read more Business News
Malaysia's job market faces a "talent paradox," with employers struggling to find suitable candidates despite…
Young Malaysians are embracing cold coffee culture, prompting NESCAFÉ to launch Espresso Concentrate for convenience…
The only Malaysian company within the Health Care Equipment & Supplies sector to be included,…
Regional foreign funds turned cautious despite April inflows, while higher oil prices and currency movements…
Foreign inflows and IMF optimism may support Bursa Malaysia despite mixed Wall Street performance and…
MARALINER signed six strategic partnerships to strengthen smart mobility, fleet management, EV development and integrated…
This website uses cookies.