Page 48 - Equities News Today

Dow leads Wall Street declines ahead of economic data

KUALA LUMPUR: The rally on Wall Street overnight is likely to spill over to the domestic market even as observers note that Bursa Malaysia's own corporate earnings could lift trading sentiment.

Outside of the Tech ramp, local investors will take an interest in China's housing data.

KUALA LUMPUR: The benchmark FBM KLCI was flat at midday even as global technology stocks rallied on buying interest sparked by Nvidia's stellar results.

Global bull run in equities led by the US market is showing no signs of exhaustion, says V K Vijayakumar, Chief Investment Strategis

A look at Friday morning’s market action

Oil prices were on track to end a two-week winning streak

Very risk-on day in S&P 500 with only the opening two hours seeing some selling – the buyers prevailed till the close, assuming the reins 1-2 hours earlier than I anticipated.

European stocks had a quiet start on Friday, after the tremendous rally for risk assets on Thursday that pushed the S&P 500, and the Nasdaq to all time highs.

KUALA LUMPUR: The FBM KLCI may be looking at flattish trading given the weakened global sentiment although technology stocks are expected to rally on the back of Nvidia's earnings beat.