The market is expected to trade within a range as investors await the US presidential election results and a possible 25bps rate cut by the Federal Reserve on Nov 7, with a 94.1% probability according to the CME FedWatch tool. In Malaysia, Bank Negara is anticipated to maintain its OPR due to resilient economic activity. The Healthcare sector may see buying interest on speculation that Donald Trump could reintroduce high tariffs on Chinese imports if re-elected. The FBM KLCI gained 0.3%, reversing earlier losses, while the Healthcare sector rose 0.7%, and the Industrial Product and Services sector fell 1.5%.
Fed Rate Cut
Recap:
Markets may trade cautiously as investors await the U.S. election outcome, a potential FED rate cut, and stable Malaysian OPR.
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