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.
Trump wants cuts. Markets want clarity. The Fed says: not so fast. While central banks around the globe are slashing interest rates in response to tariff turmoil and cooling inflation, the Federal Reserve remains cautious — resisting political pressure from President Trump to loosen monetary policy. Key Takeaways from Bloomberg’s Global Rate Watch : 🔹 Fed (US): ➡ Current: 4.5% | Forecast: 4.25% ➡ One rate cut expected —possibly in Q4. ➡ Trump wants action, but policymakers are wary of inflation risks from tariffs. 🔹 ECB (Europe): ➡ Forecasts two more cuts this year to 1.5%. ➡ Tariff threats on pharma exports weigh on eurozone growth. 🔹 BOJ (Japan): ➡ Could raise rates slightly amid inflation and wage growth, but politics may delay action. 🔹 BOE (UK): ➡ Expected to cut rates twice by year-end as job markets weaken and inflation stays sticky. 🔹 BOC (Canada): ➡ Two rate cuts likely this year due to softening growth. ...