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Market Daily Report: Bursa Malaysia Closes Higher On BNM’s OPR Decision, Wall Street Gains

KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.

Asia Stocks Rebound as Trump Signals Pause in Iran Strikes, Easing Market Fears

Asian markets are poised for a rebound after the US signalled a  temporary delay in strikes on Iranian energy infrastructure , boosting hopes of  de-escalation in the Middle East conflict . Relief Rally Builds on Softer Geopolitical Tone Equity futures across the region pointed higher: Japan, Hong Kong, and Australia markets set to  open stronger US markets previously rallied  over 1% , providing positive momentum The shift comes after US President Donald Trump indicated a  five-day pause in military action , citing progress in discussions with Iran. Oil Volatility Remains Key Market Driver Oil prices remain highly sensitive: WTI crude rebounded  after plunging more than  10% previously The  Strait of Hormuz , which handles ~20% of global oil flows, remains central to market risk Despite the relief, uncertainty persists as  Iran denied any negotiations , keeping the outlook fragile. Rate Expectations Shift as Yields Fall The easing geopolitic...

Markets Rise as Investors Eye Trump's Cabinet Picks and Fed Decisions

Global stocks climbed on Tuesday, with the MSCI World Index rising 1% . Meanwhile, US bond yields and the dollar pulled back from recent highs as investors awaited key announcements from President-elect Donald Trump’s cabinet and assessed the future of US interest rates. Tech stocks led gains , reflecting Wall Street's recovery from last week’s sell-off. However, investors were cautious ahead of Nvidia’s earnings report on Wednesday . Key Market Moves Global stocks : MSCI World Index up 1% , snapping a four-day losing streak. Regional performance : Europe : STOXX index rose 0.2% . Japan : Nikkei gained 0.5% . Australia : Equity benchmark up 0.8% , hitting a record intraday high. Taiwan : Shares advanced 1.3% . China : Mainland blue chips dropped 1.2% , weighed by uncertainty over potential Trump tariffs. US futures edged higher , with S&P 500 futures pointing to a 0.1% gain after Monday’s 0.4% advance . Fed Outlook and Trump's Policies in Focus The market's outlook f...

US Bond Yields and Dollar Rise as Investors Weigh Trump’s Inflationary Policies; Bitcoin Hits $90,000

Key Takeaway: Longer-term US bond yields rose alongside the dollar , with investors bracing for inflationary pressures from Trump’s policy agenda, while Bitcoin soared above $90,000 amid optimism for the cryptocurrency market. Long-term US bond yields and the dollar climbed on Thursday as investors bet that Trump’s plans for tax cuts and tariffs could fuel inflation , potentially keeping interest rates elevated for longer. The 10-year Treasury yield reached 4.483% , its highest since July, while the 30-year yield hovered near a five-month peak . Meanwhile, Bitcoin surged to $90,654 , boosted by views that Trump’s administration could favor cryptocurrencies. Despite a recent US inflation report aligning with expectations, which strengthened bets on a December Fed rate cut , the market outlook for 2025 is clouded by Trump's election, with concerns that increased US deficits and sticky inflation could curb future rate cuts. The dollar index reached a one-year high of 106.77 , with t...

Asian Markets Stumble as China Concerns Linger; US Bond Yields, Dollar Rise Amid Fed Uncertainty

Asian shares dipped on Thursday , weighed down by weak Chinese markets. Meanwhile, US bond yields climbed, pushing the dollar higher as investors evaluated inflation expectations and policy direction in the US. Bitcoin steadied above $90,000 , fueled by optimism around Donald Trump’s presidency, seen as favorable for cryptocurrencies. Bitcoin was last trading at $90,151, up 1.7% , having gained over 30% in the last two weeks. Investors are speculating on Federal Reserve rate cuts next month following a recent inflation report. However, Trump's anticipated policies of tax cuts and higher tariffs could raise inflation, limiting the Fed's flexibility in 2025. With Republicans projected to control Congress , Trump’s agenda could move forward largely unopposed. In Asia, China’s latest economic support measures fell short of investor expectations . The country’s property sector remains weak, with tax incentives on home and land transactions failing to boost sentiment. Longer-dated...