Daily Market Report (14 April 2021)
- US equities scaled to new heights as the US inflation data came in within expectation. Nonetheless, overall optimism was cautious with the temporary pause of Johnson & Johnson vaccine rollout.
- The DJI Average lost 68 points to 33,677 while the S&P 500 added 14 points to close at a new high of 4,141.
- In view of this, we reckon regional markets to be mixed as sentiments are expected to be cautious today.
- On the local front, we believe there will be some bargain hunting after the FBM KLCI closed below the 1,600 yesterday.
- Though market participation may continue to be muted, we anticipate the index to possibly trend within the 1,595-1,605 range today.
