Daily Market Update @ 17 Oct 2024

*Daily Market Update*
Indicative as of 17/10/2024
 
*Index Daily Return* (Local Currency Terms)
🇺🇸 S&P 500 : +0.47%
🇺🇸 NASDAQ : +0.28%
🇪🇺 STOXX : -0.19%
🇲🇾 FBM KLCI : -0.57%
🇨🇳 Shanghai : -0.63%
🇭🇰 HSI : -0.16%
🇯🇵 Nikkei : -1.83%
_Source: Bloomberg_
 
*FX Rate*
🇺🇸 USDMYR : 4.3005 , +0.08%
🇬🇧 GBPMYR : 5.5853 , -0.14%
🇳🇿 AUDMYR : 2.8786 , +0.17%
🇸🇬 SGDMYR : 3.2775 , -0.14%
🇪🇺 EURMYR : 4.6714 , -0.21%
🇭🇰 MYRHKD : 1.8073 , -0.06%
🇲🇨 MYRIDR : 3606.5600 , -0.08%
🇹🇭 MYRTHB : 7.7191 , -0.22%
🇨🇳 MYRCNY : 1.6568 , +0.00%
🇯🇵 MYRJPY : 34.7730 , +0.09%
👑 Gold Spot : 2677.0700 , +0.12%
_Source: Bloomberg_
 
*MGS Yields*
MGS 5 year : 3.54% , -2 bps
MGS 10 year : 3.79% , -1 bps
MGS 20 year : 4.07% , -0 bps
MGS 30 year : 4.20% , +0 bps
_Source: Bloomberg_
 
*Daily News*
*Asian Stocks Advance After US Small-Cap Rally*
Australian and Japanese shares gain in early trading
Russell 2000 US small-cap index hits highest level since 2021

*Australia’s Burst of Hiring Sees Traders Pare Rate-Cut Bets* 
Full-time roles drove hiring in September, rising by 51,600
Traders pared bets on an RBA interest-rate cut in February

*China’s Economy Likely Expanded at Weakest Pace in Six Quarters*
Data on Friday set to show GDP grew 4.5% y/y in third quarter
Traders are still waiting for more details on fiscal stimulus

*Wall Street Rotation Is Back as Small Caps Rally*
Most big techs retreat, though Nvidia climbs after selloff
Morgan Stanley, United Airlines surge after solid earnings

*Israel Steps Up Strikes in Lebanon as the Conflict Escalates*
Military says Hezbollah commander killed in Wednesday attacks
US says Israel allowed aid into Gaza but more must be done
_Source: Bloomberg_