Daily Market Report - 4 July 2025
Daily Market Report - 4 July 2025

Daily Market Report - 4 July 2025

  • Wall Street closed broadly higher following a stronger than expected job report.
  • Nonfarm payroll rose by 147,000 against the forecast of 110,000.
  • The unemployment rate fell to 4.1% vs the forecast of 4.3%.
  • On the flipside, the stronger job market may see delay for the Feds to cut rates hence the US 10-year yield jumped to 4.348%.
  • In Hong Kong, the HSI declined to just above the 24,000 level after the US latest deal with Vietnam suggest the US is targeting Chinese supply chain across the region.
  • Back home, the FBM KLCI fell slightly to just below the 1,550 mark possibly due to some profit taking activities.
  • Nonetheless, we noticed there was strong support at around this level as backed by a spike in trading volume ay above 5bn shares.
  • Thus, we expect the index to hover within the 1,545-1,555 range today.
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