Daily Market Report (15 Jan 2020)
- The US are moving the goal posts (again) with regard to the tariffs on Chinese goods as Mr Trump is unwilling to commit. Meanwhile expectations of a weaker than forecast earnings performance from Wall Street may be added road bumps for the equity markets.
- Therefore, we are expecting another mixed performance from the regional markets. Locally, we reckon the FBM KLCI to remain mixed hovering between the 1,570/85 range.
- The only consolation is that foreign investors may take advantage of the stronger Ringgit which has been the main catalyst for the fund inflows of late.
- The Ringgit has appreciated by 2.3% from RM4.18 in early December 2019 to around RM4.08 currently.
