Daily Market Report - 3 December 2025
- Wall Street rebounded as sentiment was bolstered by the return of interest in risky assets underscored by the gains in Bitcoin.
- Traders are also discounting the Fed rate cut next week and are looking at the better earnings forecasts for 2026.
- Meanwhile, the US 10-year yield was flat at 4.09%.
- Over in Hong Kong, the HSI barely stayed above water as traders remains affected by the sell-off in Bitcoin coupled with concerns over the possible unwinding of Yen-linked carry trade.
- Back home, the FBM KLCI maintained its ascension as bargain hunting activities continue.
- The index tested the 1,635 mark before easing to end at the 1,630 thresholds.
- We believe market undertone remains steady, hence expect the index to trend between the 1,630-1,640 range today.
- Meanwhile, the MYR is still firm at 4.13 against the USD.
