Daily Market Update @ 6 Nov 2024

*Daily Market Update*
Indicative as of 6/11/2024
 
*Index Daily Return* (Local Currency Terms)
 S&P 500 : +1.23%
 NASDAQ : +1.43%
 STOXX : +0.06%
 FBM KLCI : +0.26%
 Shanghai : +2.53%
 HSI : +2.14%
 Nikkei : -2.63%
_Source: Bloomberg_
 
*FX Rate*
 USDMYR : 4.3615 , +0.25%
 GBPMYR : 5.6565 , +0.16%
 AUDMYR : 2.8775 , -0.05%
 SGDMYR : 3.3009 , +0.01%
 EURMYR : 4.7316 , -0.18%
 MYRHKD : 1.7825 , -0.23%
 MYRIDR : 3610.9200 , -0.25%
 MYRTHB : 7.7485 , +0.32%
 MYRCNY : 1.6347 , +0.05%
 MYRJPY : 34.9970 , +0.04%
 Gold Spot : 2740.0000 , -0.14%
_Source: Bloomberg_
 
*MGS Yields*
MGS 5 year : 3.68% , +1 bps
MGS 10 year : 3.93% , -0 bps
MGS 20 year : 4.14% , -1 bps
MGS 30 year : 4.23% , -0 bps
_Source: Bloomberg_
 
*Daily News*
*Traders Load Up on Last-Minute Rate Bets on Treasury Rally*
Options, futures, cash positions are all turning bullish
Wagers seen as hedging a potential Harris presidential win

*Chinese Stocks Get a Boost From Stimulus Hopes, Encouraging Data*
May boost expectations for other economic measures
Caixin China services PMI beat economist forecast for October

*Yen Is First of Many Japanese Assets Set to Pivot on US Election*
Harris win may strengthen yen if it leads to Fed rate cute
Trump victory may support the US economy but tariffs are risk

*Election Angst Grips Emerging Markets After Traders Cut Risk*
Trump victory risks selloff in currencies from Asia, Mexico
Movements set stage for relief rebound if Harris wins

*Asian Stocks to Echo US Gains as Vote Count Nears*
Wall Street counting on stocks to rise after election
Traders load up on last-minute rate bets on Treasury rally
_Source: Bloomberg_

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