Global markets CPI data increased by 2.7% last month while the core CPI soared by 3.3%. The numbers met market expectations and support a 0.25% cut next week FOMC meeting. The optimism propelled Nasdaq to resume its advance and notch another record high. It closed above 20k (+1.8%) for the first time, supported by Alphabet (+5.52%) and Tesla (+5.93%). Market enjoyed the risk on mode as bond futures fully priced in 1 rate cut this year. The probability of 1...
$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$closed slightly red around the 1603 points region with an overall negative market sentiment today as we still saw over 650 counters closing red for the day along with it. Daily trading volume declined as we closed back towards the 2.58 billion mark today. Main stocks that showed strong buying momentum would be the likes of DNEX, PBBANK, SNS, YNHPROP, MBSB, ELSOFT, ARMADA, CATPIALA, NATGATE, LWSABAH, GENETEC...
DNEX Stock Forum
CPI data increased by 2.7% last month while the core CPI soared by 3.3%. The numbers met market expectations and support a 0.25% cut next week FOMC meeting. The optimism propelled Nasdaq to resume its advance and notch another record high. It closed above 20k (+1.8%) for the first time, supported by Alphabet (+5.52%) and Tesla (+5.93%).
Market enjoyed the risk on mode as bond futures fully priced in 1 rate cut this year. The probability of 1...
Main stocks that showed strong buying momentum would be the likes of DNEX, PBBANK, SNS, YNHPROP, MBSB, ELSOFT, ARMADA, CATPIALA, NATGATE, LWSABAH, GENETEC...
Bursa Malaysia’s $FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ continued its downward trajectory at midday, falling by 6.43 points to 1,602.54. The index hovered near the psychological 1,600 mark as profit-taking intensified, particularly in $Bursa Health Care (0062I.MY)$ and $Bursa Industrial Products & Services (0002I.MY)$ sectors. This decline mirrors the cautious sentiment ahead of the U.S. inflation report, which i...
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