Daily Market Report - 1 December 2025
- Wall Street closed positively as overall mood was bolstered by improving expectations of a Federal Reserve rate cut in December with many expecting a further 25bps reduction.
- Meanwhile, the US 10-year yield edged higher at 4.017%.
- Over in Hong Kong, the HSI declined as traders are looking for fresh catalysts after pricing in the US rate cut expectations.
- On the home front, the FBM KLCI dipped to below the 1,605 level as sentiment may be weighed by the Sabah election on Saturday.
- Nonetheless, we believe the local bourse is set for a rebound following the decent outcome from Saturday’s election thus expect the index to trend between the 1,605-1,615 range today
