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)
πŸ‡ΊπŸ‡Έ S&P 500 : +1.23%
πŸ‡ΊπŸ‡Έ NASDAQ : +1.43%
πŸ‡ͺπŸ‡Ί STOXX : +0.06%
πŸ‡²πŸ‡Ύ FBM KLCI : +0.26%
πŸ‡¨πŸ‡³ Shanghai : +2.53%
πŸ‡­πŸ‡° HSI : +2.14%
πŸ‡―πŸ‡΅ Nikkei : -2.63%
_Source: Bloomberg_
 
*FX Rate*
πŸ‡ΊπŸ‡Έ USDMYR : 4.3615 , +0.25%
πŸ‡¬πŸ‡§ GBPMYR : 5.6565 , +0.16%
πŸ‡³πŸ‡Ώ AUDMYR : 2.8775 , -0.05%
πŸ‡ΈπŸ‡¬ SGDMYR : 3.3009 , +0.01%
πŸ‡ͺπŸ‡Ί EURMYR : 4.7316 , -0.18%
πŸ‡­πŸ‡° MYRHKD : 1.7825 , -0.23%
πŸ‡²πŸ‡¨ MYRIDR : 3610.9200 , -0.25%
πŸ‡ΉπŸ‡­ MYRTHB : 7.7485 , +0.32%
πŸ‡¨πŸ‡³ MYRCNY : 1.6347 , +0.05%
πŸ‡―πŸ‡΅ MYRJPY : 34.9970 , +0.04%
πŸ‘‘ 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_
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