Daily Market Update @ 28 Oct 2024

*Daily Market Update*
Indicative as of 28/10/2024

*Index Daily Return* (Local Currency Terms)
 S&P 500 : -0.03%
 NASDAQ : +0.56%
 STOXX : -0.03%
 FBM KLCI : -0.85%
 Shanghai : +0.70%
 HSI : +0.49%
 Nikkei : -0.60%
_Source: Bloomberg_

*FX Rate*
 USDMYR : 4.3615 , +0.43%
 GBPMYR : 5.6509 , +0.24%
 AUDMYR : 2.8784 , -0.03%
 SGDMYR : 3.2931 , +0.13%
 EURMYR : 4.7069 , +0.15%
 MYRHKD : 1.7820 , -0.41%
 MYRIDR : 3602.8900 , -0.00%
 MYRTHB : 7.7523 , -0.10%
 MYRCNY : 1.6355 , -0.26%
 MYRJPY : 35.2540 , +0.72%
 Gold Spot : 2732.4900 , -0.55%
_Source: Bloomberg_

*MGS Yields*
MGS 5 year : 3.63% , -0 bps
MGS 10 year : 3.86% , -0 bps
MGS 20 year : 4.15% , -0 bps
MGS 30 year : 4.23% , +0 bps
_Source: Bloomberg_

*Daily News*
*Yen Weakens on Japanese Vote Result, Oil Tumbles: Markets Wrap*
China stocks slip after data shows drop in industrial profits
Crude drops as Iran says oil industry operating normally

*Oil Slumps 5% as Israel Limits Iran Strike to Military Targets*
Attack avoided crude, nuclear and civilian infrastructure
Citigroup reduces price forecasts on lower conflict risks

*PBOC Adds Outright Reverse Repo to Monetary Policy Toolbox*
New repo tool to help maintain liquidity in system: PBOC
Could help with increase in bond issuance, StanChart says

*Japan Faces Political Turmoil as LDP-Led Alliance Loses Majority*
LDP-led coalition falls short of required 233 seats, NHK says
Ruling party may seek partners in bid to form government

*India Central Bank’s Rosy Growth Forecast Baffles Economists*
RBI sticks to 7.2% projection despite signs of weaker spending
Keeping rates too high can lead to policy misstep: analysts"

_Source: Bloomberg_

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