Daily Market Report (13 Sept 2019)
- Things may have turned positively amid easing of stance from the US and the QE by the European Central Bank. Nonetheless, until the situation becomes more concrete, we remain cautious on the financial markets as the US are masters of flip-flopping.
- Currently, we are witnessing a flight into equities as investors are continuing to ease their holdings in bonds. With the western world now clamouring for lower interest rates, foreign funds are also finding their way into Asia as depicted by the stronger Asian currencies.
- Locally, the MYR have strengthened to the 4.16 level from 4.22 against the USD earlier this month.
