Trader’s Look at Market – “Markets await CPI tonight; YINSON receives USD 1 bil funding from Abu Dhabi” (15 Jan 2025)

US PPI rose at 0.2%, softer than market consensus of 0.4%. This softer data helped to cool the rally of $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ US 10-year Treasury yield at 4.79% and $S&P 500 Index (.SPX.US)$ S&P500 +0.11% while $NASDAQ 100 Index (.NDX.US)$ Nasdaq -0.23%.

Same story. $USD/MYR (USDMYR.FX)$ USDMYR continued hovering at 4.50 region and closed at 4.5050 (-50 pips) while MGS 10-year yield settled unchanged at 3.88%.

Local risk sentiment was dampened as $FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ KLCI tanked to 1,576 (-9.13) with volume of MYR 2.72 billion.

$YINSON (7293.MY)$ YINSON operates as an energy infrastructure and technology company. It provides offshore production and support services through chartering arrangements of its floating, production, storage and offloading facilities. YINSON serves customers worldwide. As of yesterday, P/E was 10.4 while dividend yield at 0.37%.