Daily Market Update @ 22 Oct 2024

Daily Market Update @ 22 Oct 2024

*Daily Market Update*
Indicative as of 22/10/2024
 
*Index Daily Return* (Local Currency Terms)
πŸ‡ΊπŸ‡Έ S&P 500 : +0.40%
πŸ‡ΊπŸ‡Έ NASDAQ : +0.66%
πŸ‡ͺπŸ‡Ί STOXX : +0.00%
πŸ‡²πŸ‡Ύ FBM KLCI : -0.11%
πŸ‡¨πŸ‡³ Shanghai : +0.26%
πŸ‡­πŸ‡° HSI : -1.54%
πŸ‡―πŸ‡΅ Nikkei : -0.07%
_Source: Bloomberg_
 
*FX Rate*
πŸ‡ΊπŸ‡Έ USDMYR : 4.3275 , +0.47%
πŸ‡¬πŸ‡§ GBPMYR : 5.6195 , +0.21%
πŸ‡³πŸ‡Ώ AUDMYR : 2.8801 , +0.06%
πŸ‡ΈπŸ‡¬ SGDMYR : 3.2892 , +0.28%
πŸ‡ͺπŸ‡Ί EURMYR : 4.6817 , +0.21%
πŸ‡­πŸ‡° MYRHKD : 1.7965 , -0.45%
πŸ‡²πŸ‡¨ MYRIDR : 3582.6700 , -0.46%
πŸ‡ΉπŸ‡­ MYRTHB : 7.7382 , -0.64%
πŸ‡¨πŸ‡³ MYRCNY : 1.6532 , +0.00%
πŸ‡―πŸ‡΅ MYRJPY : 34.7880 , -0.14%
πŸ‘‘ Gold Spot : 2724.6500 , +0.18%
_Source: Bloomberg_
 
*MGS Yields*
MGS 5 year : 3.55% , +1 bps
MGS 10 year : 3.79% , +0 bps
MGS 20 year : 4.09% , +0 bps
MGS 30 year : 4.20% , -0 bps
_Source: Bloomberg_
 
*Daily News*
*Asian Shares Decline as Bonds Extend Selloff: Market Wrap*
Australia and Tokyo open down, Hong Kong set to follow
Attention turning to big earnings week in US that may set tone

*Fed’s Daly Says She Doesn’t See Reasons to Stop Cutting Rates*
US central bank needs to adjust as inflation falls, Daly says
Other Fed officials say they favor slower pace of rate cuts

*Oil Steadies After Surge as Traders Keep Focus on Middle East*
Brent crude holds above $74 a barrel after 1.7% gain on Monday
Global benchmark’s prompt spread narrows over recent weeks

*Petronas is Said to Weigh Selling Stake in Renewable Energy Unit*
Malaysia’s state-owned oil major working with adviser on deal
Infrastructure funds, industry peers shown interest in Gentari 

*Blinken Takes Off in 11th Attempt to Reach a Mideast Cease-Fire*
Visit may be last chance for a pause before the US election
Envoy Hochstein warns Lebanon may ‘escalate out of control'
_Source: Bloomberg_
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