Daily Market Report - 18 June 2026
- Wall Street ended lower as sellers took control following Kevin Warsh’s first Fed meeting that many are expecting a rate hike this year.
- As a result, the US 10-year yield jumped to 4.487%.
- In Hong Kong, the HSI declined as traders sold ahead of the Fed’s rate decision later today.
- On the home front, the FBM KLCI managed to recover its losses to close at a 2-week high at almost the 1,710 mark.
- Although buying was broad based, focus was mainly centred on index linked laggards predominantly the telcos.
- Encouraged by the positive sentiment in the middle east, we expect the index to maintain its uptrend and hover within the 1,705-1720 range today.
- Meanwhile, Brent crude price has dipped to its lowest level since early-March at USD78/barrel.
