TRADER’S EDGE (10 September 2025) - US Stocks Rise on Earnings Moves, Investors Eye Inflation Data ; FBM KLCI Ends Slightly Higher After Late Recovery

Anwar ML joined discussion · Sep 10 10:29

$Dow Jones Industrial Average (.DJI.US)$ +0.43%
$S&P 500 Index (.SPX.US)$ +0.27%
$Nasdaq Composite Index (.IXIC.US)$ +0.37%

U.S. stocks ended higher on Tuesday, with the major indexes advancing and the Nasdaq closing at a record. Earnings updates drove sector moves, as Atlassian gained on plans to phase out Data Center products to lift cloud adoption, while Core & Main fell after reporting weaker results and guidance.

On the macro side, the Labor Department revised U.S. job growth lower by 911,000 for the year through March, signaling a possible earlier slowdown in the labor market. Attention now turns to upcoming inflation data, with producer prices due midweek and consumer prices later, as investors gauge the Federal Reserve’s next policy steps.

$U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ @ 4.07%

Treasury yields climbed after the BLS cut job growth estimates by 911,000, with focus now shifting to upcoming wholesale and consumer inflation data.

TRADER’S EDGE (10 September 2025) - US Stocks Rise on Earnings Moves, Investors Eye Inflation Data ; FBM KLCI Ends Slightly Higher After Late Recovery

$UnitedHealth (UNH.US)$ shares jumped 8.64% after the company reaffirmed earnings guidance and reported that 78% of its Medicare Advantage members are in four-star or higher plans, easing investor concerns over quality ratings. The update signals progress under returning CEO Stephen Hemsley after a year of steep losses, guidance cuts, and operational missteps, offering reassurance that the troubled insurer may be stabilizing, though challenges remain.

Malaysia Market

Local Macro:

$USD/MYR (USDMYR.FX)$ @ 4.2060 (-115 pips)
MGS-10 year @ 3.48% (0.00%)

KLCI Performance:

$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ @ 1,586.81 (+1.22 points)

Foreign Equity Flow (MYR mil):

USDMYR fell -115 pips after USD edged higher as markets awaited a major U.S. jobs revision and priced in Fed rate cuts.

Sectoral Performance (%):

KLCI sectors showed mixed performance, with Consumer +1.11%, Utilities +0.96% and Construction +0.57% leading gains, while Technology -0.50%, Healthcare -0.16% and REIT -0.16% dragged. Broad sentiment remained cautious despite selective sectoral strength.

Trade in Focus

$YINSON (7293.MY)$ production’s partnership with Carbon Circle strengthens its decarbonization credentials, leveraging FPSO expertise with modular carbon capture solutions. This enhances long-term growth prospects, aligns with energy transition trends, and supports recurring revenue potential from industrial emitters across Europe.

Bloomberg source: target price by analysts:

Futures Market

Gold

Gold notched a third consecutive record close, edging higher as geopolitical tensions in the Middle East boosted safe-haven demand and expectations for Federal Reserve rate cuts drew additional inflows. Weaker U.S. payrolls have reinforced market bets on a September cut and the possibility of a multi-meeting easing cycle, adding momentum to the metal’s rally.

Crude Oil

Crude futures rebounded, recouping more of last week’s losses as geopolitical risks deepened. Fighting between Russia and Ukraine sustained concerns over tighter U.S. sanctions and supply disruptions, while an Israeli strike on Hamas leadership in Qatar added fresh uncertainty in the Middle East. Analysts warn that Qatar’s response could strain U.S. ties and heighten tensions across the Gulf, underscoring the fragility of the situation and its potential impact on oil markets.

Cryptocurrency

Bitcoin edged higher, trimming recent losses as bets on imminent Fed rate cuts offered some support, though doubts over corporate treasury adoption kept gains modest. Broader crypto prices also recovered slightly after early September declines but continued to lag the stronger rallies in equities and gold.

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