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Market Daily Report: Selective Buying Of Defensive Stocks Lifts Bursa Malaysia Higher At Close

 KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia rebounded to close higher on Wednesday on selective buying of defensive stocks after a volatile trading session. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said consumer products and services stocks lifted the key index higher, overcoming lingering geopolitical concerns. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.08 points to 1,715.56 from yesterday’s close of 1,712.48. The benchmark index, which opened 1.91 points higher at 1,714.39, moved between 1,710.79 and 1,720.59 during the day’s trading. In the broader market, gainers outstripped decliners 550 to 476, while 612 counters were unchanged, 1,129 untraded, and 48 suspended. Turnover rose to 2.96 billion units valued at RM2.48 billion from 2.94 billion units valued at RM2.56 billion on Tuesday.
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US Morning Brief - Trade Investigations and Oil Surge Cloud Market Sentiment

Market  Snapshot US  equity  futures  moved  lower  Thursday  morning  as  rising  oil  prices  and  renewed  trade  tensions  weighed  on  investor  sentiment . Futures  indicated  a  cautious  start  to  the  session: Nasdaq 100  futures:   -0.45% S& P 500  futures:   -0.49% Dow  futures:   -0.61% The  decline  comes  as  Brent  crude  prices  surged ,  reflecting  ongoing  concerns  about  supply  disruptions  linked  to  the  Iran  conflict  and  tensions  in  the  Strait  of  Hormuz . Investors  are  also  digesting  new  trade  investigations  launched  by  Washington ,  which  could  lead  to  the  reinstatement  of...
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Wall Street Futures Slide as Trump Nears Fed Chair Decision

Quick Summary US stock futures fell sharply  after Donald Trump signalled an imminent Fed chair announcement Kevin Warsh is widely seen as the frontrunner , with prediction markets pricing a 94% probability Dollar and Treasury yields ticked higher , pressuring equities Markets view Warsh as  moderate — not aggressively dovish , raising liquidity concerns What’s Driving the Market US equity futures retreated after President  Donald Trump  said he has  firmed up his choice  to replace Fed Chair  Jerome Powell , with reports pointing to  Kevin Warsh . Bloomberg and Reuters reported that Warsh  visited the White House on Thursday , fuelling expectations of a formal nomination as early as Friday. Why Markets Are Nervous While Warsh is seen as  supportive of lower interest rates , investors are focused on his reputation for: Caution on heavy monetary stimulus Preference for a  smaller Fed balance sheet Key tension:  Lower rates, but ...
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US Stock Futures Dip, Dollar Defensive, Bonds Rally as Harris Challenges Trump in Debate

US stock futures faltered, the dollar weakened, and bond prices rallied on Wednesday following a contentious presidential debate where Vice President Kamala Harris put former President Donald Trump on the defensive. Investors remained cautious ahead of US inflation data that could influence the Federal Reserve's policy decisions next week. Key Takeaways: Market Reaction to Presidential Debate : The debate between Harris and Trump, covering topics like abortion, the economy, immigration, and Trump's legal issues, left investors uncertain. The performance of Harris has fueled expectations of a decline in interest rates, while Trump's potential victory is associated with higher spending that could push rates up. Bond Yields Fall : US Treasury and eurozone government bond yields dipped, with 10-year Treasury yields dropping to 3.609%, the lowest since June 2023. Germany's 10-year yield fell to a one-month low at 2.12%. This reflects investor anticipation of rate cuts due to...
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