Daily Market Update @ 6 Nov 2024

Daily Market Update @ 6 Nov 2024


*Daily Market Update*
Indicative as of 6/11/2024
 
*Index Daily Return* (Local Currency Terms)
🇺🇸 S&P 500 : +1.23%
🇺🇸 NASDAQ : +1.43%
🇪🇺 STOXX : +0.06%
🇲🇾 FBM KLCI : +0.26%
🇨🇳 Shanghai : +2.53%
🇭🇰 HSI : +2.14%
🇯🇵 Nikkei : -2.63%
_Source: Bloomberg_
 
*FX Rate*
🇺🇸 USDMYR : 4.3615 , +0.25%
🇬🇧 GBPMYR : 5.6565 , +0.16%
🇳🇿 AUDMYR : 2.8775 , -0.05%
🇸🇬 SGDMYR : 3.3009 , +0.01%
🇪🇺 EURMYR : 4.7316 , -0.18%
🇭🇰 MYRHKD : 1.7825 , -0.23%
🇲🇨 MYRIDR : 3610.9200 , -0.25%
🇹🇭 MYRTHB : 7.7485 , +0.32%
🇨🇳 MYRCNY : 1.6347 , +0.05%
🇯🇵 MYRJPY : 34.9970 , +0.04%
👑 Gold Spot : 2740.0000 , -0.14%
_Source: Bloomberg_
 
*MGS Yields*
MGS 5 year : 3.68% , +1 bps
MGS 10 year : 3.93% , -0 bps
MGS 20 year : 4.14% , -1 bps
MGS 30 year : 4.23% , -0 bps
_Source: Bloomberg_
 
*Daily News*
*Traders Load Up on Last-Minute Rate Bets on Treasury Rally*
Options, futures, cash positions are all turning bullish
Wagers seen as hedging a potential Harris presidential win

*Chinese Stocks Get a Boost From Stimulus Hopes, Encouraging Data*
May boost expectations for other economic measures
Caixin China services PMI beat economist forecast for October

*Yen Is First of Many Japanese Assets Set to Pivot on US Election*
Harris win may strengthen yen if it leads to Fed rate cute
Trump victory may support the US economy but tariffs are risk

*Election Angst Grips Emerging Markets After Traders Cut Risk*
Trump victory risks selloff in currencies from Asia, Mexico
Movements set stage for relief rebound if Harris wins

*Asian Stocks to Echo US Gains as Vote Count Nears*
Wall Street counting on stocks to rise after election
Traders load up on last-minute rate bets on Treasury rally
_Source: Bloomberg_
ReplyForward
Add reaction
SK LIM AGENCY Logo
SK LIM AGENCY Malaysia