Daily Market Update @ 03 Dec 2024
*Daily Market Update*
Indicative as of 3/12/2024
*Index Daily Return* (Local Currency Terms)
S&P 500 : +0.24%
NASDAQ : +0.97%
STOXX : +0.66%
FBM KLCI : +0.07%
Shanghai : +0.79%
HSI : +0.65%
Nikkei : +0.80%
_Source: Bloomberg_
*FX Rate*
USDMYR : 4.4713 , +0.26%
GBPMYR : 5.6559 , -0.16%
AUDMYR : 2.8929 , -0.11%
SGDMYR : 3.3211 , +0.24%
EURMYR : 4.6885 , -0.01%
MYRHKD : 1.7404 , -0.25%
MYRIDR : 3559.5800 , -0.19%
MYRTHB : 7.7225 , -0.02%
MYRCNY : 1.6312 , +0.00%
MYRJPY : 33.5200 , -0.57%
Gold Spot : 2642.6500 , +0.13%
_Source: Bloomberg_
*MGS Yields*
MGS 5 year : 3.59% , -1 bps
MGS 10 year : 3.81% , -0 bps
MGS 20 year : 4.06% , +0 bps
MGS 30 year : 4.18% , +0 bps
_Source: Bloomberg_
*Daily News*
*Asian Stocks Rise as Traders Await Data, Fedspeak*
Dollar snaps three-day losing streak with euro under pressure Barrage of economic figures, Fedspeak to shape rates outlook
*Fed Officials Keep Options Open for December Rate Decision*
Waller says he’s watching data, leaning toward a rate cut Williams, Bostic see more rate reductions coming over time
*China’s 10-Year Yield Sinks to Record Low on Bets PBOC Will Ease*
Bond demand shows concerns about fragile economic recovery Expectations high for PBOC to cut RRR further to aid growth
*Yen Carry Trade That Rattled Markets Shows Signs of a Comeback*
Wide yield gaps and low volatility are driving the carry trade Bearish wagers on the yen rose to $13.5 billion in November
*Big Pharma’s Bet on China Biotech Is a Rare Trade Bright Spot*
Drugmakers spent $3.15 billion on China molecules in 2024 Trump, Biosecure Act leave deals likely to face more scrutiny
_Source: Bloomberg_
Indicative as of 3/12/2024
*Index Daily Return* (Local Currency Terms)
S&P 500 : +0.24% NASDAQ : +0.97% STOXX : +0.66% FBM KLCI : +0.07% Shanghai : +0.79% HSI : +0.65% Nikkei : +0.80%_Source: Bloomberg_
*FX Rate*
USDMYR : 4.4713 , +0.26% GBPMYR : 5.6559 , -0.16% AUDMYR : 2.8929 , -0.11% SGDMYR : 3.3211 , +0.24% EURMYR : 4.6885 , -0.01% MYRHKD : 1.7404 , -0.25% MYRIDR : 3559.5800 , -0.19% MYRTHB : 7.7225 , -0.02% MYRCNY : 1.6312 , +0.00% MYRJPY : 33.5200 , -0.57% Gold Spot : 2642.6500 , +0.13%_Source: Bloomberg_
*MGS Yields*
MGS 5 year : 3.59% , -1 bps
MGS 10 year : 3.81% , -0 bps
MGS 20 year : 4.06% , +0 bps
MGS 30 year : 4.18% , +0 bps
_Source: Bloomberg_
*Daily News*
*Asian Stocks Rise as Traders Await Data, Fedspeak*
Dollar snaps three-day losing streak with euro under pressure Barrage of economic figures, Fedspeak to shape rates outlook
*Fed Officials Keep Options Open for December Rate Decision*
Waller says he’s watching data, leaning toward a rate cut Williams, Bostic see more rate reductions coming over time
*China’s 10-Year Yield Sinks to Record Low on Bets PBOC Will Ease*
Bond demand shows concerns about fragile economic recovery Expectations high for PBOC to cut RRR further to aid growth
*Yen Carry Trade That Rattled Markets Shows Signs of a Comeback*
Wide yield gaps and low volatility are driving the carry trade Bearish wagers on the yen rose to $13.5 billion in November
*Big Pharma’s Bet on China Biotech Is a Rare Trade Bright Spot*
Drugmakers spent $3.15 billion on China molecules in 2024 Trump, Biosecure Act leave deals likely to face more scrutiny
_Source: Bloomberg_
03 Dec 2024
