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Daily Market Update @ 8 Oct 2024

*Daily Market Update*
Indicative as of 8/10/2024

*Index Daily Return* (Local Currency Terms)
πŸ‡ΊπŸ‡Έ S&P 500 : -0.96%
πŸ‡ΊπŸ‡Έ NASDAQ : -1.18%
πŸ‡ͺπŸ‡Ί STOXX : +0.18%
πŸ‡²πŸ‡Ύ FBM KLCI : +0.33%
πŸ‡¨πŸ‡³ Shanghai : +13.33%
πŸ‡­πŸ‡° HSI : +1.60%
πŸ‡―πŸ‡΅ Nikkei : +1.80%
_Source: Bloomberg_

*FX Rate*
πŸ‡ΊπŸ‡Έ USDMYR : 4.2825 , -0.05%
πŸ‡¬πŸ‡§ GBPMYR : 5.6086 , +0.15%
πŸ‡³πŸ‡Ώ AUDMYR : 2.8984 , -0.32%
πŸ‡ΈπŸ‡¬ SGDMYR : 3.2866 , +0.03%
πŸ‡ͺπŸ‡Ί EURMYR : 4.7031 , +0.17%
πŸ‡­πŸ‡° MYRHKD : 1.8136 , +0.05%
πŸ‡²πŸ‡¨ MYRIDR : 3663.0500 , +0.05%
πŸ‡ΉπŸ‡­ MYRTHB : 7.8141 , -1.51%
πŸ‡¨πŸ‡³ MYRCNY : 1.6381 , +0.00%
πŸ‡―πŸ‡΅ MYRJPY : 34.5190 , -0.29%
πŸ‘‘ Gold Spot : 2644.6500 , +0.08%
_Source: Bloomberg_

*MGS Yields*
MGS 5 year : 3.55% , +3 bps
MGS 10 year : 3.77% , +4 bps
MGS 20 year : 4.07% , +3 bps
MGS 30 year : 4.19% , +1 bps
_Source: Bloomberg_

*Daily News*
*Asian Stocks Drop, China to Reopen After Holidays: Markets Wrap*
All eyes on China reopening and briefing by economic planner
US stocks drop, crude oil tops $80 on Mideast tensions

*China’s Brokers Skip Holidays to Staff Up for ‘Hectic’ Reopening* 
Account openings at major brokerages hit a record high: CCTV
Buying by retail investors may help add to rally’s momentum

*Fed’s Musalem Warns Against Easing Too Quickly, Prefers Patience*
Supported half-point cut but further moves should be ‘gradual’
St. Louis chief penciled in policy path slightly above median

*Brent Oil Holds Near $81 on Mideast Tensions Ahead of China open*
Fighting between Israel, Iran-backed groups intensified Monday
Expectations are rising that China may expand public spending

*Gold Slips as Expectations of Federal Reserve Rate Cut Fade*
Jobs report undercut chances of a big rate move in November
Inflation data this week may offer more clues on rate path

_Source: Bloomberg_
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08 Oct 2024