Daily Market Update @ 04 Nov 2024

Daily Market Update @ 04 Nov 2024


Daily Market Update*
Indicative as of 4/11/2024
 
*Index Daily Return* (Local Currency Terms)
🇺🇸 S&P 500 : +0.41%
🇺🇸 NASDAQ : +0.80%
🇪🇺 STOXX : +1.09%
🇲🇾 FBM KLCI : -0.69%
🇨🇳 Shanghai : -0.03%
🇭🇰 HSI : +0.93%
🇯🇵 Nikkei : -2.63%
_Source: Bloomberg_
 
*FX Rate*
🇺🇸 USDMYR : 4.3783 , -0.05%
🇬🇧 GBPMYR : 5.6762 , +0.37%
🇳🇿 AUDMYR : 2.8886 , +0.42%
🇸🇬 SGDMYR : 3.3158 , +0.25%
🇪🇺 EURMYR : 4.7629 , +0.13%
🇭🇰 MYRHKD : 1.7761 , +0.03%
🇲🇨 MYRIDR : 3593.2200 , +0.06%
🇹🇭 MYRTHB : 7.7301 , -0.36%
🇨🇳 MYRCNY : 1.6269 , +0.00%
🇯🇵 MYRJPY : 34.7250 , -0.43%
👑 Gold Spot : 2740.1000 , +0.13%
_Source: Bloomberg_
 
*MGS Yields*
MGS 5 year : 3.67% , +2 bps
MGS 10 year : 3.93% , +0 bps
MGS 20 year : 4.15% , -0 bps
MGS 30 year : 4.23% , -1 bps
_Source: Bloomberg_
 
*Daily News*
*Dollar Weakens as US Polls Signal No Clear Leader*
Greenback slips against major currencies after Friday strength
Australian shares rise, US futures fall after Friday advance

*Harris, Trump Hit Battlegrounds as Polls Signal Tight Finish*
Trump tells Pennsylvania crowd he ‘shouldn’t have left’ office
Harris visits Detroit church, businesses to spur Black voters

*LVMH's Empty Chinese Megastore Signals Deepening Luxury Crash*
Upmarket brands are scrambling to adjust strategy after being wrongfooted by the rapid downturn in Chinese spending. 

*Wall Street’s Eyes Are On the Election, Its Money Not So Much*
Traders bet on volatility while steering clear of stock market
‘No edge to see who is winning,’ JonesTrading’s Lutz says

*Oil Rises as OPEC+ Delays Output Hike and Iran Steps Up Rhetoric*
Brent futures jumped 2% after dropping almost 4% last week
OPEC plans to keep production restrained through next month
_Source: Bloomberg_