Daily Market Report - 6 July 2026
- Wall Street was closed last Friday. Nonetheless, its futures indices are all pointing upwards as expectationsof a rate hike has diminished following a weaker than expected job data for May.
- Over in Hong Kong, the HSI ended broadly higher as traders reacted positively on the weak US job data that also saw the badly bashed tech stocks ended positively as well.
- Back home, the FBM KLCI trended higher to almost the 1,680 mark as foreign
funds may have returned amid some bargain hunting activities. Notwithstanding this, overall trading stayed muted as reflected by the low daily volume. Looking at the interest rate environment which has turned more
conducive now, may have traders back to the risk-on mode hence expect the index to hover between the 1,675- 1,695 range today.
