Daily Market Report - 23 April 2026
- Wall Street ended broadly firmer as Trump extended the middle east ceasefire by 2 weeks in addition to strong earnings report from Boeing.
- Nonetheless, sentiment remains cautious as crude oil price ascended with Brent crude hitting above the USD100/barrel.
- Meanwhile, the US 10-year yield edged higher to 4.307%.
- Asian markets were mixed yesterday as traders were trying to navigate through prevailing uncertainties despite the ceasefire extension.
- As a result, the HSI declined to below the 26,200 level amid the lingering risks posed by the middle east tension.
- Back home, the FBM KLCI ended weaker despite a strong opening attributed to the emergence of profit-taking activities.
- For today, we anticipate the index to trend within the 1,700-1,720 range.
