Daily Market Report - 14 May 2025
Daily Market Report - 14 May 2025

Daily Market Report - 14 May 2025

  • Wall Street closed mixed on differing news flow and the impacts.
  • While the Nasdaq and S&P500 jumped on the proposed USD600bn investments in Saudi Arabia, the DJIA was pressured by United Health’s 18% decline in its share price.
  • Meanwhile, the lower than expected CPI data for April saw the US 10-year yield staying flat at 4.471%.
  • Over in Hong Kong, the HSI experienced a sharp decline as traders took the opportunity to lock in profits amid concerns over the aftereffects of the 90 day tariff pause.
  • Back home, the FBM KLCI surpassed expectations by surging past the 1,580 level on optimism that the de-escalation of trade tension.
  • We believe the uptrend is fuelled by the flight of funds back to equities from bonds coupled with the inflow of foreign funds following their exodus since the beginning of this year.
  • In line with the crude oil inventory build-up, crude prices improved with the Brent crude hovering at almost the USD67/barrel level.
download