Daily Market Report - 4 December 2025
- Wall Street continued with its recovery as sentiment was buoyed by a weaker than expected private payroll in November hence strengthening the Fed’s conviction to cut rates next week.
- Meanwhile, the US 10-year yield was marginally lower at 4.063%.
- Over in Hong Kong, the HSI declined attributed to profit taking activities as traders took the advantage to lock in profits after recent gains.
- In the interim, sentiment has turned cautious while waiting for signals from the Federal Reserve, Bank of Japan and Beijing.
- Back home, the FBM KLCI failed to sustain its 2-day climb and closed at the 1,620 thresholds amid a weak regional performance.
- We assume traders prefer to see clearer picture from the US before committing themselves again.
- For today, we anticipate the index to hover within the 1,620-1,630 range.
