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Daily Market Update @ 01 Oct 2024

*Daily Market Update*
Indicative as of 1/10/2024

*Index Daily Return* (Local Currency Terms)
πŸ‡ΊπŸ‡Έ S&P 500 : +0.42%
πŸ‡ΊπŸ‡Έ NASDAQ : +0.38%
πŸ‡ͺπŸ‡Ί STOXX : -0.98%
πŸ‡²πŸ‡Ύ FBM KLCI : -0.67%
πŸ‡¨πŸ‡³ Shanghai : +8.48%
πŸ‡­πŸ‡° HSI : +2.43%
πŸ‡―πŸ‡΅ Nikkei : -4.80%
_Source: Bloomberg_

*FX Rate*
πŸ‡ΊπŸ‡Έ USDMYR : 4.1543 , +0.75%
πŸ‡¬πŸ‡§ GBPMYR : 5.5565 , +0.60%
πŸ‡³πŸ‡Ώ AUDMYR : 2.8716 , +0.60%
πŸ‡ΈπŸ‡¬ SGDMYR : 3.2322 , +0.39%
πŸ‡ͺπŸ‡Ί EURMYR : 4.6248 , +0.23%
πŸ‡­πŸ‡° MYRHKD : 1.8710 , -0.70%
πŸ‡²πŸ‡¨ MYRIDR : 3644.4600 , -0.74%
πŸ‡ΉπŸ‡­ MYRTHB : 7.8163 , -0.46%
πŸ‡¨πŸ‡³ MYRCNY : 1.7027 , +0.00%
πŸ‡―πŸ‡΅ MYRJPY : 34.6550 , +0.26%
πŸ‘‘ Gold Spot : 2636.6500 , +0.08%
_Source: Bloomberg_

*MGS Yields*
MGS 5 year : 3.50% , -1 bps
MGS 10 year : 3.71% , -1 bps
MGS 20 year : 4.04% , -0 bps
MGS 30 year : 4.18% , +0 bps
_Source: Bloomberg_

*Daily News*
"*Japanese Stocks Regain Some Ground After Rout*
Equities in Tokyo advance; Sydney’s decline at the open
China enters weeklong holiday following stimulus-fueled surge

*Powell Says Fed Not in a Hurry, Will Lower Rates ‘Over Time’*
Fed chair repeats interest-rate policy not on a preset path
Says recent price figures point to continued disinflation

*Stocks Rally Shakes Off ‘Tiny Bit Hawkish’ Powell*
S&P 500 extends gains into fourth-consecutive quarter
Bonds log longest streak of monthly gains since 2010

*China’s Weak Factory Activity Shows Urgency of New Stimulus Push*
PMIs show manufacturing activity contracted before stimulus
Data offer last snapshot of economy before Golden Week holiday

*Oil Steadies as Mideast Tensions Vie With Libyan Supply Outlook*
Israel’s army begins ground raids against Hezbollah in Lebanon
Libya is preparing to restore crude production after agreement"
_Source: Bloomberg_

01 Oct 2024