Bursa Malaysia seen cautious next week amid global uncertainties
KUALA LUMPUR: Bursa Malaysia’s benchmark index is expected to remain cautious next week, with investor sentiment likely to be shaped by the Federal Reserve’s latest policy decision, developments in West Asia, oil prices and shifts in US interest rate expectations.
Bursa Malaysia's benchmark index is anticipated to remain cautious in the upcoming week due to various global uncertainties, including the Federal Reserve's policy decision, developments in West Asia, oil prices, and shifts in US interest rate expectations. Analysts from IPPFA Sdn Bhd and Rakuten Trade Sdn Bhd highlight the potential impact of higher oil prices and geopolitical uncertainties on inflation expectations and global bond yields, which could influence investor positioning in the market.
While some sectors may show resilience, the overall market is expected to trade within a narrow range, with technical rebounds possible if oil prices and US Treasury yields ease.
Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
