Domestic sectors to get a shot in the arm as US weighs lowering lending rates

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KUALA LUMPUR: A potential rate cut by the US Federal Reserve could be the catalyst for new opportunities on the domestic market as various sectors experience knock-on benefits from lower global lending rates, said Kenanga Research.

"We believe that partly following the US rate cuts, and disciplined supply of MGS, there is scope for MGS yields to end the year lower around 3.6%.

Kenanga said sentiment in oil price could be further restored following its recovery to more than US$70 a barrel, which is a level that historically comensurates well with oil and gas spending by oil majors.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Policy Fed MGS Rate REITs Banks Analyst Reports Oil /Business/Business News Kenanga

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-18 @ 10:05:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 500 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © The Star

News ID: 22572513

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