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“But our modest objectives of 22240-22450/550 continue to be in play though, along with an optimistic target of 22800-23000. But any prospects of potential delay in the onset of rate cuts, could jolt the ride, but may not be enough to trigger a collapse per se,” he says.
What investors will be watching over the next seven days
KUALA LUMPUR: The ringgit opened lower against the firmer US dollar today as the United States (US) equities continued to perform favourably, said an analyst.
The central bank’s statement reaffirms its stance of neither being a hawk nor a dove but an owl that is vigilant on inflation
Indian IT companies have seen an upward trend in the last three months, particularly in December, following the Federal Reserve's December 2023 release, which hints at the possibility of three rate cuts in the calendar year 2024, implying a reversal in the rate cycle.