Daily Market Report (2 July 2019)
- Just as we though the trade was between the US and China is off the boil, in come another kick in the mouth as the US are now targeting the EU (European Union) with additional tariffs.
- Though the amount may not be huge of US$4bn nonetheless, such move may create a certain degree of volatility to the financial markets. Domestically, sentiments are improving with more foreign fund inflows amounting RM114.4m yesterday.
- Recall, that we mentioned of net foreign inflows by the 3Q this year and hope that this will be sustainable.
