Daily Market Report (28 Jul 2020)
- Wall Street started the week firmer with investors again became hopeful of more stimulus from the US Government as the DJI Average gained 115 points to almost the 26,600 mark.
- For today, we expect the regional markets to remain mixed in view of the ongoing tension between China and the US.
- Locally, the FBM KLCI continues to be well supported from domestic buying and is expected to stay solid with the benchmark index seen to oscillate between the 1,590-1,600 range today.
- Meanwhile gold price is set to break the US$2,000/oz level surpassing the previous record in 2011.
