Daily Market Report (3 July 2020)
- Better than expected unemployment rate helped pushed sentiments higher as Wall Street ended the session broadly higher. The DJI Average gained around 92 points to inch closer to the 26,000 mark.
- The Dow did breach the 26,000 level at one time before news of a Covid-19 cases resurgence in the US saw some profit takings.
- Following a strong showing yesterday, we reckon regional markets to take a breather today.
- Locally, the FBM KLCI may experience some profit taking after yesterday’s solid gains and expect the index to trend between the 1,520/30 range today.
