Daily Market Update @ 27 Nov 2024

*Daily Market Update*
Indicative as of 27/11/2024
 
*Index Daily Return* (Local Currency Terms)
 S&P 500 : +0.57%
 NASDAQ : +0.63%
 STOXX : -0.57%
 FBM KLCI : +0.36%
 Shanghai : -0.21%
 HSI : +0.04%
 Nikkei : -0.87%
_Source: Bloomberg_
 
*FX Rate*
 USDMYR : 4.4590 , +0.03%
 GBPMYR : 5.6077 , +0.06%
 AUDMYR : 2.8870 , -0.13%
 SGDMYR : 3.3124 , +0.14%
 EURMYR : 4.6773 , -0.15%
 MYRHKD : 1.7452 , -0.04%
 MYRIDR : 3573.6700 , -0.02%
 MYRTHB : 7.7741 , -0.22%
 MYRCNY : 1.6265 , +0.00%
 MYRJPY : 34.2710 , -0.75%
 Gold Spot : 2628.1500 , -0.19%
_Source: Bloomberg_
 
*MGS Yields*
MGS 5 year : 3.60% , +0 bps
MGS 10 year : 3.80% , -0 bps
MGS 20 year : 4.06% , +0 bps
MGS 30 year : 4.18% , +0 bps
_Source: Bloomberg_
 
*Daily News*
*Trump’s Opening Salvo on Tariffs Revisits First-Term Playbook*
President-elect sets bargaining stance on fentanyl, migrants
Trump used duties to extract concessions in first White House 

*Trump Tests Xi’s Appetite to Play Ball With Early Tariff Threat*
President-elect accuses Beijing of reneging on fentanyl pledge
Chinese leader won’t want to be seen as doing Trump’s bidding 

*Israel and Hezbollah Reach Cease-Fire Agreement for Lebanon*
Accord for a 60-day halt in conflict that’s killed thousands
Biden said deal could bring an end to ‘devastating conflict’ 

*Fed’s Kashkari Says It’s Reasonable to Weigh Rate Cut Next Month*
Says policy may not be restraining economy as much as thought
Fed officials will meet for last time this year Dec. 17-18

*Expat Decline, Chinese Influx Reshapes Hong Kong’s Rental Market*
Areas previously popular among foreigners plunged up to 12%
Districts favored by Chinese see rents near record high
_Source: Bloomberg_