Daily Market Report (28 May 2020)
- Hopes on the reopening of the US economy coupled with more potential stimulus from the Feds pushed Wall Street higher as traders ignored all aspects the negatives.
- The DJI Average added another 500 plus points to push the index above the 25,000 mark.
- This is despite total Covid-19 related deaths in the US have topped the 100,000 mark together with the escalating US China tension.
- Amid the uncertainties, we reckon regional markets may stall today following days of uptrend. On the local front, the FBM KLCI is seen to oscillate between the 1,445/55 range.
