FBM KLCI: 1,776.22 pts (-0.09pts, -0.01%)
The FBM KLCI (-0.01%) ended marginally lower after key index recouped most of its intraday losses amid the stronger-than-expected 2Q2017 GDP data that grew 5.8% Y.o.Y. Market breadth was negative with 357 winners compared to 472 losers, while 374 stocks closed flattish. Construction stocks like Econpile (+11.0 sen), Crest Builder (+8.0 sen) and Sunway Construction (+3.0 sen) continue to outperform its peers.
Top 3 Active stocks:
UMWOG (5243): RM0.33 (+2.0 sen)
MTOUCHE (0092): RM0.275 (-2.5 sen)
JAG (0024): RM0.145 (unch)
Volume: 1.45 bln (100-day avg vol: 2.54 bln)
Value: RM1.58 bln
Market Breadth: ⬆️:357 ⬇️:472
Crude palm oil: RM2,679 (+RM21)
Dow Futures: 21,711 pts (-22 pts)
Source: Bloomberg, M+ Online
US October Jobs and CPI May Never Be Published, White House Warns as Shutdown Disrupts Data Pipeline
The White House said Wednesday that the October US jobs report and consumer price index are unlikely to be released, marking an unprecedented disruption to America’s economic data system as the government shutdown continues. Press Secretary Karoline Leavitt confirmed that key statistical agencies — including the Bureau of Labor Statistics — halted data collection and publication when the shutdown began, leaving policymakers without crucial indicators needed to assess the economy’s momentum. While some datasets could be reconstructed retroactively, economists have cautioned that the CPI and unemployment rate are among the releases most at risk of being skipped entirely. The BLS has not issued an updated calendar or indicated whether missing releases might be combined into future reports. In previous shutdowns, the agency has restored operations quickly, but officials now face the challenge of incomplete surveys that cannot be reproduced after the fact. Leavitt said Democrats “may have p...
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