Daily Market Update @ 16 Dec 2024

*Daily Market Update*
Indicative as of 16/12/2024
 
*Index Daily Return* (Local Currency Terms)
 S&P 500 : -0.00%
 NASDAQ : +0.12%
 STOXX : -0.53%
 FBM KLCI : +0.42%
 Shanghai : -2.37%
 HSI : -2.09%
 Nikkei : -0.95%
_Source: Bloomberg_
 
*FX Rate*
 USDMYR : 4.4508 , +0.03%
 GBPMYR : 5.6215 , -0.04%
 AUDMYR : 2.8334 , +0.02%
 SGDMYR : 3.3011 , +0.06%
 EURMYR : 4.6814 , +0.32%
 MYRHKD : 1.7470 , -0.02%
 MYRIDR : 3596.5200 , -0.03%
 MYRTHB : 7.6772 , +0.07%
 MYRCNY : 1.6347 , +0.00%
 MYRJPY : 34.5570 , +0.23%
 Gold Spot : 2644.4600 , -0.14%
_Source: Bloomberg_
 
*MGS Yields*
MGS 5 year : 3.63% , +2 bps
MGS 10 year : 3.81% , +1 bps
MGS 20 year : 4.05% , -0 bps
MGS 30 year : 4.18% , +0 bps
_Source: Bloomberg_
 
*Daily News*
*China’s Regulators Vow to Stabilize Property, Stock Markets*
Finance ministry also says more special bonds will be issued
Comments come after two-day meeting of top leaders concluded

*Dollar’s Trump-Fueled Gains Face a Reality Check Late Next Year*
Morgan Stanley sees dollar below current levels by Dec. 2025
Valuation is ‘stomach churning,’ Societe Generale says 

*Korean Won, Stocks Take Spotlight After Impeachment Vote*
Currency could stem losses after parliament votes to oust Yoon
Impeachment still needs approval from Constitutional Court 

*Massive Interest Burden Haunts $29 Trillion Emerging Debt Pile*
Lull in sovereign debt defaults may end as maturity wall looms
Developing nations grapple with $850 billion of interest costs

*Bitcoin Hits Record After Longest Weekly Winning Run Since 2021*
President-elect Trump’s crypto support underpins sentiment
US Bitcoin and Ether ETFs wooed $15 billion since the US vote
_Source: Bloomberg_