Daily Market Update @ 11 Nov 2024

*Daily Market Update*
Indicative as of 11/11/2024
 
*Index Daily Return* (Local Currency Terms)
 S&P 500 : +0.38%
 NASDAQ : +0.09%
 STOXX : -0.65%
 FBM KLCI : -0.13%
 Shanghai : -1.00%
 HSI : -1.07%
 Nikkei : +0.30%
_Source: Bloomberg_
 
*FX Rate*
 USDMYR : 4.3955 , +0.30%
 GBPMYR : 5.6762 , -0.07%
 AUDMYR : 2.8973 , -0.48%
 SGDMYR : 3.3113 , -0.17%
 EURMYR : 4.7096 , -0.31%
 MYRHKD : 1.7689 , -0.28%
 MYRIDR : 3565.4700 , -0.30%
 MYRTHB : 7.8067 , +0.01%
 MYRCNY : 1.6393 , +0.00%
 MYRJPY : 34.8260 , +0.22%
 Gold Spot : 2685.3100 , +0.02%
_Source: Bloomberg_
 
*MGS Yields*
MGS 5 year : 3.61% , -5 bps
MGS 10 year : 3.88% , -4 bps
MGS 20 year : 4.13% , -1 bps
MGS 30 year : 4.22% , -1 bps
_Source: Bloomberg_
 
*Daily News*
*Bond Market on Risky Path as Traders Regroup From Wild Week (1)*
Treasuries rally back from deep selloff triggered by election
But investors see chance 10-year yields retest the 5% peak 

*Trump’s Win Sets Off Race to Complete Chips Act Subsidy Deals*
Companies seek to finalize agreements as quickly as possible
Republicans are brainstorming reforms to semiconductor law 

*Wall Street Turns to 2016, While Stock Market Has to Live in ‘24*
Lofty valuations may cap gains, unlike in Trump’s first term
Interest rates at levels new president never faced last time  

*Wall Street Bets on New Riches Ahead in Markets All-In on Trump*
Small caps, crypto and risky credit win amid buying spree
Prospects for tax cuts and deregulation lift sentiment

*Bitcoin Rises Above $81,000 as Token Becomes Totem for Trump Era*
President-elect Trump’s crypto ardor is energizing the market
Digital-asset traders predict a friendlier regulatory backdrop
_Source: Bloomberg_