No major impact likely from possible Fed pivot

Quick Summary:

Analysts believe a pivot by the US Federal Reserve (Fed) may not lead to significant inflows and gains on Bursa Malaysia, where investors and analysts await fresh catalysts and thematic plays to show proof with higher earnings amid rising macro headwinds.

Meanwhile, investors will also be eyeing the third plenary session of the Chinese Communist Party’s 20th National Congress from July 15-18, which could provide policy directions and much needed support for the ailing Chinese economy.

In the short term, he said the macro backdrop, such as the US second-quarter corporate earnings season and upcoming US presidential election in November might weigh on investor sentiment and Bursa Malaysia’s performance.

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Article Details

Author / Journalist: BHUPINDER SINGH

Category: EconomyBusiness

Markets: MalaysiaChinaMali

Topics: Markets /Business/Business News FedPivot InvestorSentiment USChinaTrade MacroHeadwinds PolicyDirections BursaMalaysia MarketCatalysts FuelSubsidy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-10 @ 00:00:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 913 words

Reading Time: 6 minutes read

Sentences: 15 lines

Sentence Length: 61 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 21558318

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 49 posts per day

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News Last Updated: 25 minutes ago

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Publisher ID: #22

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