Daily Market Report (11 July 2019)

  • Expectations for a Feds rate cut has yo-yo of late. This has been amplified by the volatile US 10-year Treasury yield which had dipped to a low of 1.94% only last week before climbing to around the 2.05% yesterday.
  • Nonetheless amid the prevailing global economic slowdown we believe the Feds may revise rates possibly sometime later this year when data are less than optimistic.
  • We continue to advocate investors to accumulate on shares now to pre-empt the eventual uptrend when foreign funds inflow picks up momentum.