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Bursa Malaysia is expected to remain below its psychological level of 1,400 points next week, with the risk interests of investors continuing to be dictated by economic developments in the US and China.
- Risk appetite found some tailwinds during Asia with Hang Seng outperforming at +2.7%. Sentiment turns positive due to covid restrictions relaxing in
- Persistent inflation worries and growth concerns continue; Risk sentiment awaits a direction after mixed to flat market performance from Asia, Europ
- Euro Area PMI Services continue improving trend as regional economies gradually reopen (Beats: Euro Zone, UK, Spain, Italy; In-line: France, Germany
6/1/2021 10:41:16 AM GMT Notes/Observations - Euro Zone inflation tests above ECB target for 1st time since Nov 2018. - Euro Area PMI Manufacturing data continues to be at or near record highs (Beats: Euro Zone, Germany, France, Italy, Spain; Misses: UK). Asia: - RBA kept its policy steady (as expected) with Cash Rate Target unchanged at 0.10% and 3-year Yield Control maintained at 0.10%. The reiterated stance was committed to maintaining highly supportive monetary conditions to support a return to full employment and inflation consistent with the target. The reiterated stance that conditions...