*Daily Market Update*
Indicative as of 7/11/2024
*Index Daily Return* (Local Currency Terms)
S&P 500 : +2.53%
NASDAQ : +2.95%
STOXX : -0.54%
FBM KLCI : +0.83%
Shanghai : -0.50%
HSI : -2.23%
Nikkei : +2.61%
_Source: Bloomberg_
*FX Rate*
USDMYR : 4.4220 , +0.42%
GBPMYR : 5.6963 , +0.26%
AUDMYR : 2.9062 , +0.21%
SGDMYR : 3.3153 , +0.14%
EURMYR : 4.7415 , +0.12%
MYRHKD : 1.7583 , -0.42%
MYRIDR : 3580.7100 , -0.41%
MYRTHB : 7.7717 , -0.34%
MYRCNY : 1.6292 , +0.00%
MYRJPY : 34.9360 , -0.12%
Gold Spot : 2661.8000 , +0.10%
_Source: Bloomberg_
*MGS Yields*
MGS 5 year : 3.68% , +2 bps
MGS 10 year : 3.94% , +4 bps
MGS 20 year : 4.16% , +2 bps
MGS 30 year : 4.23% , +1 bps
_Source: Bloomberg_
*Daily News*
*‘America First’ Sweeps Wall Street With Echoes of 2016 Playbook*
Trump’s fiscal and trade agenda drives big moves across assets
JPMorgan sees US exceptionalism enduring
*Xi Is Better Prepared for Trump Even as 60% Tariffs Risk Chaos*
Beijing has bigger toolbox to push back on punitive measures
Trump’s tariffs threaten to decimate all US-China trade
*US Bond Yields Surge as Trump Win Stokes Inflation Expectations*
Selloff stalls after strong demand for auction of 30-year debt
Inflation expectations jump as Fed meets on interest rates
*Bond Traders Net Millions on Bearish Option Bets After Trump Win*
Trading suggests profit-taking on positions entered last month
Selling seen Wednesday in both 10-year and long-bond options
*S&P 500 Sees Best Post-Election Day in Its History*
Small caps, banks, health insurers surge on Trump’s victory
Treasury yields jump as dollar has biggest gain since 2022
_Source: Bloomberg_
Japan