Daily Market Update @ 07 Nov 2024

*Daily Market Update*
Indicative as of 7/11/2024
 
*Index Daily Return* (Local Currency Terms)
 S&P 500 : +2.53%
 NASDAQ : +2.95%
 STOXX : -0.54%
 FBM KLCI : +0.83%
 Shanghai : -0.50%
 HSI : -2.23%
 Nikkei : +2.61%
_Source: Bloomberg_
 
*FX Rate*
 USDMYR : 4.4220 , +0.42%
 GBPMYR : 5.6963 , +0.26%
 AUDMYR : 2.9062 , +0.21%
 SGDMYR : 3.3153 , +0.14%
 EURMYR : 4.7415 , +0.12%
 MYRHKD : 1.7583 , -0.42%
 MYRIDR : 3580.7100 , -0.41%
 MYRTHB : 7.7717 , -0.34%
 MYRCNY : 1.6292 , +0.00%
 MYRJPY : 34.9360 , -0.12%
 Gold Spot : 2661.8000 , +0.10%
_Source: Bloomberg_
 
*MGS Yields*
MGS 5 year : 3.68% , +2 bps
MGS 10 year : 3.94% , +4 bps
MGS 20 year : 4.16% , +2 bps
MGS 30 year : 4.23% , +1 bps
_Source: Bloomberg_
 
*Daily News*
*‘America First’ Sweeps Wall Street With Echoes of 2016 Playbook*
Trump’s fiscal and trade agenda drives big moves across assets
JPMorgan sees US exceptionalism enduring

*Xi Is Better Prepared for Trump Even as 60% Tariffs Risk Chaos*
Beijing has bigger toolbox to push back on punitive measures
Trump’s tariffs threaten to decimate all US-China trade

*US Bond Yields Surge as Trump Win Stokes Inflation Expectations*
Selloff stalls after strong demand for auction of 30-year debt
Inflation expectations jump as Fed meets on interest rates

*Bond Traders Net Millions on Bearish Option Bets After Trump Win*
Trading suggests profit-taking on positions entered last month
Selling seen Wednesday in both 10-year and long-bond options

*S&P 500 Sees Best Post-Election Day in Its History*
Small caps, banks, health insurers surge on Trump’s victory
Treasury yields jump as dollar has biggest gain since 2022
_Source: Bloomberg_