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Market Daily Report: Bursa Malaysia Ends Lower as Investors Eye US Data, BOJ Decision

KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week.   At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day.  The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
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U.S. Stocks Edge Lower as Investors Weigh Fed Cuts, Government Stakes in Companies

U.S. equities pulled back Monday, trimming Friday’s Jackson Hole rally as traders balanced hopes for Federal Reserve rate cuts with caution ahead of key inflation data.

Fed Outlook

  • Chair Jerome Powell signaled the Fed may pivot soon, noting that “the balance of risks appears to be shifting” toward a weaker job market restraining inflation.

  • Futures markets: 86% odds of a September cut, up from 73% pre-speech (CME FedWatch).

  • Key risk: July PCE inflation report due Friday, the Fed’s preferred gauge, which could test easing bets.

Market Moves

  • S&P 500: lower

  • Nasdaq Composite: lower (−0.6% last week despite Friday’s rebound)

  • Dow Jones Industrial Average: lower

Washington Watch

  • Intel precedent may expand: Kevin Hassett, National Economic Council director, suggested the U.S. could take more equity stakes in domestic companies, echoing last week’s $8.9 billion Intel investment. Trump later confirmed the idea, raising the prospect of further state-linked ownership in strategic industries.

Earnings Spotlight

  • Nvidia (NVDA.US) reports Wednesday. With a $4 trillion valuation, the chipmaker remains the AI bellwether. Markets are watching for signs whether the AI spending boom is sustaining momentum or slowing.

Other Headlines

  • Keurig Dr Pepper (KDP.US) agreed to buy JDE Peet’s for $18B, planning to later spin off its coffee brands into a separate listing.

  • Europe: German DAX slipped as bond yields climbed; U.K. markets shut for holiday.

  • China: CSI 300 benchmark extended gains.

  • Dollar: firmed slightly, recovering ground after last week’s slide.

Key takeaway: Wall Street’s rally cooled as investors shifted focus from Powell’s dovish tone to upcoming data and Nvidia earnings. Meanwhile, Trump’s openness to expanding government stakes in U.S. companies adds a new layer of policy risk to markets.

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