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Daily Market Update @ 10102024

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

*Index Daily Return* (Local Currency Terms)
πŸ‡ΊπŸ‡Έ S&P 500 : +0.71%
πŸ‡ΊπŸ‡Έ NASDAQ : +0.60%
πŸ‡ͺπŸ‡Ί STOXX : +0.66%
πŸ‡²πŸ‡Ύ FBM KLCI : -0.04%
πŸ‡¨πŸ‡³ Shanghai : -7.05%
πŸ‡­πŸ‡° HSI : -1.38%
πŸ‡―πŸ‡΅ Nikkei : +0.87%
_Source: Bloomberg_

*FX Rate*
πŸ‡ΊπŸ‡Έ USDMYR : 4.2910 , +0.22%
πŸ‡¬πŸ‡§ GBPMYR : 5.6086 , +0.09%
πŸ‡³πŸ‡Ώ AUDMYR : 2.8837 , -0.03%
πŸ‡ΈπŸ‡¬ SGDMYR : 3.2832 , -0.01%
πŸ‡ͺπŸ‡Ί EURMYR : 4.6950 , -0.01%
πŸ‡­πŸ‡° MYRHKD : 1.8113 , -0.26%
πŸ‡²πŸ‡¨ MYRIDR : 3642.5100 , -0.22%
πŸ‡ΉπŸ‡­ MYRTHB : 7.8103 , -0.25%
πŸ‡¨πŸ‡³ MYRCNY : 1.6539 , +0.00%
πŸ‡―πŸ‡΅ MYRJPY : 34.7910 , +0.22%
πŸ‘‘ Gold Spot : 2609.4100 , +0.06%
_Source: Bloomberg_

*MGS Yields*
MGS 5 year : 3.55% , +0 bps
MGS 10 year : 3.77% , +0 bps
MGS 20 year : 4.07% , +0 bps
MGS 30 year : 4.19% , -0 bps
_Source: Bloomberg_

*Daily News*
*Asian Equities Climb as US Record High Lifts Mood : Markets Wrap*
Shares in Australia, Japan rise alongside Hong Kong futures
S&P 500 sets 44th record of 2024 ahead of US inflation data

*Powell’s Half-Pointer Is Hard to Repeat With FOMC in No Hurry* 
Minutes unveil details of pushback at September meeting
Several officials have shown preference for gradual approach

*Hong Kong Property Markets Shows Recovery Signs After Rate Cuts*
Lower mortgage costs and rise in stocks helped home sales
Market faces challenges in long run, including weak economy

*BOK Expected to Pivot as Property Market Cools: Decision Guide*
Rising mortgage debt and home prices delayed pivot thus far
BOK increasingly concerned about slow private consumption"

_Source: Bloomberg_
 

10 Oct 2024