Daily Market Report (14 Apr 2020)
Tue, Apr 14, 2020 8:18 AM
- Wall Street have had another wild session yesterday as US is entering into its earnings season.
- The DJI Average trended between a 600-point range before it closed 330 points lower.
- In line with this, we believe regional markets to continue being stuck in the realm of volatility.
- On the local front, following a rather resilient session yesterday we expect the local bourse to experience some selling pressure today with the FBM KLCI to test the immediate support at the 1,350 mark.
- Meanwhile, let’s not forget about Covid-19 which could top 2m cases globally by today.
