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Daily Market Update @ 11 Oct 2024

*Daily Market Update*
Indicative as of 11/10/2024

*Index Daily Return* (Local Currency Terms)
πŸ‡ΊπŸ‡Έ S&P 500 : -0.21%
πŸ‡ΊπŸ‡Έ NASDAQ : -0.05%
πŸ‡ͺπŸ‡Ί STOXX : -0.18%
πŸ‡²πŸ‡Ύ FBM KLCI : +0.37%
πŸ‡¨πŸ‡³ Shanghai : +1.06%
πŸ‡­πŸ‡° HSI : +2.98%
πŸ‡―πŸ‡΅ Nikkei : +0.26%
_Source: Bloomberg_

*FX Rate*
πŸ‡ΊπŸ‡Έ USDMYR : 4.2875 , -0.12%
πŸ‡¬πŸ‡§ GBPMYR : 5.5991 , -0.26%
πŸ‡³πŸ‡Ώ AUDMYR : 2.8904 , +0.13%
πŸ‡ΈπŸ‡¬ SGDMYR : 3.2835 , +0.03%
πŸ‡ͺπŸ‡Ί EURMYR : 4.6876 , -0.12%
πŸ‡­πŸ‡° MYRHKD : 1.8123 , +0.12%
πŸ‡²πŸ‡¨ MYRIDR : 3651.3100 , -0.03%
πŸ‡ΉπŸ‡­ MYRTHB : 7.7689 , -0.39%
πŸ‡¨πŸ‡³ MYRCNY : 1.6498 , +0.02%
πŸ‡―πŸ‡΅ MYRJPY : 34.6930 , +0.02%
πŸ‘‘ Gold Spot : 2635.5000 , +0.22%
_Source: Bloomberg_

*MGS Yields*
MGS 5 year : 3.56% , +1 bps
MGS 10 year : 3.78% , +1 bps
MGS 20 year : 4.08% , +1 bps
MGS 30 year : 4.20% , +0 bps
_Source: Bloomberg_

*Daily News*
*China Investors Expect $283 Billion of New Stimulus This Weekend*
Finance Minister Lan to host anticipated briefing on Saturday
Polled analysts expect local debt relief, consumption boost

*Chinese Shares Slide With Focus on Policy Briefing: Markets Wrap* 
US inflation, jobs data fuel debate about Fed’s next move
Bank of Korea cuts key rate by 25 basis points to 3.25%

*Three Fed Officials Shrug Off CPI Report, Bostic Open to Pause*
NY Fed’s Williams says appropriate to continue moving rates
Richmond Fed’s Barkin still confident inflation coming down

*Tesla’s Robotaxi  Day Arrives With Musk’s Reputation at Stake*
Cybercab unveiling event to start at 7 p.m. in California
EV maker has bet company’s future on robotaxi’s success

*Israel’s Security Cabinet Meets on Iran as Biden Urges Caution*
White House trying to temper Israel’s retaliation against Iran
Israel defense minister says its response will be ‘surprising’

_Source: Bloomberg_
 

11 Oct 2024