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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
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Asian Stocks Subdued as Fed Rate-Cut Bets Face Inflation Test

  Key Takeaways: Asian equities expected to open flat following a record close on the S&P 500. Focus shifts to upcoming  US CPI/PPI inflation data , critical for shaping Fed’s rate cut path. Oil extended gains after Israel’s strike in Qatar heightened Middle East risks. US jobs revision (-911k) reinforces slowdown concerns; Jamie Dimon warns of weakening economy. Market Snapshot Equity futures signaled a muted open in  Sydney, Tokyo, and Hong Kong , tracking Wall Street’s cautious optimism. The  S&P 500  hit another record close on Big Tech strength, though broader market breadth weakened. US Bonds:  Rally paused after a four-day run; yields edged higher. Oil:  Extended gains on geopolitical risk. FX:  Yen steady after reports BOJ may raise rates again this year despite political uncertainty. Fed in Focus: Inflation Data the Next Catalyst Money markets now  fully price in three Fed cuts by year-end , raising the stakes for this week’s...
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US Bond Selloff Deepens as Traders Scale Back Rate Cut Expectations

US bonds extended their losses, as strong labor-market data forced traders to reduce their expectations for aggressive Federal Reserve rate cuts. Treasury yields climbed, with key yields rising above 4% for the first time since August. The 10-year yield reached 4.03% , while the two-year yield jumped to 4.02% . Traders now see a reduced likelihood of rate cuts , with money markets pricing in less than 50 basis points of reductions by year-end. The chance of a 25 basis point cut in November has dropped to 80% , signaling a shift in sentiment from previous forecasts of more significant cuts. The strong September jobs data has reignited concerns of an overheating economy, potentially leading the Fed to maintain higher rates for longer. The bond market is adjusting to this new reality, with futures positioning and options market activity reflecting the likelihood of only a small cut. Economists from Citigroup and Goldman Sachs noted that the jobs report has accelerated discuss...
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