Daily Market Report - 16 July 2025
- Wall Street closed on a mixed note on worries over the US inflation and a mixed bag of earnings from big banks.
- The CPI for June increased 0.3%, putting the annual inflation rate at 2.7%.
- As such, the US 10-year yield climbed higher at 4.491%.
- Over in Hong Kong, the HSI ended above the 24,500 mark after China’s 2Q economic growth came in higher than expected.
- Back home, the FBM KLCI surprisingly slumped to below the 1,530 level mainly due to aggressive selling late in the session.
- We suspect this could again from the foreign funds which had been quite well behaved of late.
- For today, we expect the index to trend within the 1,520-1.530 range.
