A tech-driven rally has pushed U.S. stocks near all-time highs, fueled by optimism over AI advancements and robust earnings from major companies. The S&P 500 briefly surpassed 6,100, with Netflix surging nearly 10% on record subscriber growth and Nvidia and Oracle making significant gains.
5. US University of Michigan consumer sentiment, existing home sales, S&P Global Manufacturing & Services PMI, Friday
Local Market Malaysian$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$rose for the fourth straight session + 0.48% to 1,587.80, supported by positive inflation data and the central bank’s decision to hold the overnight policy rate at 3%, aligning with market expectations. Malaysia’s December CPI easing to 1.7% annually, down from 1.8% in November. Bank Negara Malaysia noted a favorable global economic outlook, driven by positive labor markets, moderating inflation, and less restrictive monetary policies.
Local currency goes up further to settle at 4.4408 while Malaysia govvy 10 years yield maintained and closed at 3.828% and Palm Oil Futures closed at 4,208.
Sectoral performance (%)
Malaysia equity flow (MYR million)
Foreign investment in Malaysia still remains an outflow at the moment but the local and institutional buyers looking more positive toward the coming month.
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