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Market Daily Report: Bursa Malaysia's Key Index Ends At Intraday High

KUALA LUMPUR, July 30 (Bernama) -- Bursa Malaysia's key index closed at an intraday high today, supported by continued buying interest even as renewed geopolitical tensions and a weaker overnight lead from Wall Street following the US Federal Reserve's (Fed) decision to stand pat on interest rates weighed on broader sentiment. The Fed has decided to hold rates steady for the fifth consecutive meeting, with the Federal Funds Rate unchanged between 3.50 per cent and 3.75 per cent. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.84 points to 1,720.40 from yesterday’s close of 1,715.56. The benchmark index, which opened 1.14 points lower at 1,714.42, hit its lowest level of 1,710.69 in early trade before gaining momentum for the rest of the day. However, the broader market was negative with losers outpacing gainers 581 to 411, while 612 counters were unchanged, 1,173 untraded, and 87 suspended. Turnover declined to 2.49 billion units valued at RM2.25 billion from ...
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How will the Market Reach after Shooting Incident at Trump Campaign Rally

The recent assassination attempt on former President Donald Trump during a campaign rally in Butler, Pennsylvania, has significant implications for financial markets, potentially influencing the upcoming presidential elections and investor strategies.


The incident occurred on Saturday, where Trump was injured but quickly reassured the public of his well-being. Historically, such events have led to shifts in public sentiment and subsequently, the financial markets. Notably, Ronald Reagan's approval ratings surged following an assassination attempt, suggesting a potential increase in Trump's electoral prospects.

Market Reactions:

  1. Currency and Bonds: The dollar strengthened and the US Treasury yield curve steepened in anticipation of a Trump presidency, trends that are expected to continue.
  2. Economic Policies: Trump's policies are perceived as pro-market, with expectations of hawkish trade measures, reduced regulations, and extended tax cuts. These factors are influencing market movements and investment strategies.
  3. Federal Reserve Implications: Trump has indicated he would not reappoint Jerome Powell as Federal Reserve Chair, adding to policy uncertainty.
  4. Stock Market Response: The S&P 500 and Dow Jones have reached record highs, reflecting investor optimism about a potential Trump victory.

Key Takeaways:

  • The assassination attempt could boost Trump’s popularity, affecting the upcoming elections.
  • Investors are adjusting their portfolios in anticipation of Trump's market-friendly policies.
  • The incident has sparked a broad discussion about political violence and its implications for democracy and market stability.

Conclusion: Investors and policymakers are closely monitoring the situation, as the potential changes in U.S. leadership could lead to significant shifts in economic and regulatory environments. The coming weeks will be crucial in shaping the economic landscape as the presidential race intensifies.

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