Banking and Finance
US Fed cuts key lending rates by 50 basis points
The US Federal Reserve has reduced its key lending rate by 50 basis points, marking the first rate cut since the COVID-19 pandemic. This…
Category: Wall Street
FBM KLCI
Volatile sessions as Wall Street ends lower
Markets ended lower with volatile sessions nonetheless, we believe buyers to return following the Fed’s big rate cut which is positive for regional currencies…
FBM KLCI
Markets decline but consolidation expected here
In terms of market outlook, further consolidation in the Malaysian market is expected due to tempered optimism around US rate cuts and a lack…
FBM KLCI
FBM KLCI Sustained Uptrend Amid Glove Stock Surge and Foreign Buying
Glove-related stocks experienced heightened interest due to the potential imposition of higher US tariffs on Chinese glovemakers, further fueling market activity.
FBM KLCI
Market Outlook: Investor Confidence Grows
Energy stocks could benefit from a recovery in crude oil prices, while gloves-related stocks may see profit-taking after yesterday’s strong performance amid investor confidence
FBM KLCI
Bursa Likely to Hover as Fed Rate Cut Looms
The FBM KLCI is expected to range between 1,650-1,660 today, buoyed by anticipated foreign fund inflows and a Fed rate cut
Business News
Expect positive momentum from Wall Street into the local market
Looking ahead, there is expected positive momentum from Wall Street into the local market, with inflows of foreign funds. The US core CPI rose…
Business News
Hopes are high for a better trading day
Though this is temporary, analysts believe sentiment remains in cautious mode as depicted by the low volume traded of 2bn shares last Friday. Hope…
FBM KLCI
KLCI is expected to remain under pressure following Wall Street losses
The FBM KLCI closed the week down by 0.7%, reflecting weak global market sentiment, with Construction and Energy sectors leading the losses. Global markets…
Business News
Wall Street Eyes Key Economic Data
The S&P 500 and Dow fell, while Nasdaq edged higher as investors await nonfarm payrolls data, crucial for the Federal Reserve’s rate decision.
FBM KLCI
Mixed regional scenarios noted
In view of the mixed Wall Street performance expectations are the market undertone to stay boring
Analyst Report
Markets: More clarity expected with upcoming labour data releases
Analysts reckon caution is warranted following the recent US job openings report, which suggests a slowing labor market as markets await reports
Business News
Nasdaq Falls as Soft Jobs Report Raises Economic Concerns
Nasdaq slipped after weak job openings data raised concerns about the U.S. economy, impacting expectations for Federal Reserve cuts.
Business News
Local market’s outlook is tempered by the sharp decline on Wall Street
The local market's outlook is tempered by the sharp decline on Wall Street overnight. This is expected to weigh on regional trading activities
Business News
Nvidia suffers record US$279 billion loss in market value
Nvidia’s downturn followed a quarterly forecast that failed to meet investors’ high expectations, raising concerns about the returns on AI investments.
Business News
U.S. Producer Price Growth Slows in July, Bolstering Prospects for Fed Rate Cut
In July, U.S. producer price growth slowed to 2.2%, driven by lower service costs, hinting at a potential Fed rate cut in September.