Bursa Malaysia ends lower in muted trading ahead of US inflation print

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KUALA LUMPUR: Bursa Malaysia ended lower today in thin trading with volume falling below three billion shares, amid weak performance on Wall Street overnight, reflecting investor caution ahead of key US inflation data releases this week which will influence the rate cut decision on Dec 18.

"Elsewhere, the FBM Mid 70 Index maintained its upward momentum, rising 3.45 per cent to-date in December.

Additionally, he said weaker-than-expected CPI and PPI data from China, released yesterday, may have further tempered market sentiment.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChina

Topics: /Business/Business News Trading FBM KLCI Commodities Markets Equities Bursa Malaysia

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-10 @ 18:10:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 426 words

Reading Time: 3 minutes read

Sentences: 18 lines

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Copyright Owner: © The Star

News ID: 24319941

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