Daily Market Report - 7 April 2026
- Wall Street ended on a positive note as traders are betting that the US-Iran war will come to an end soon 1 despite the lack of clarity and Trump’s latest threat to destroy Iran infrastructure.
- Nonetheless, the Brent crude remains elevated at USD110/barrel while the US 10-year yield inched higher at 4.337%.
- The Hong Kong market is still closed for holiday.
- On the home front, the FBM KLCI retreated to almost the 1,680-level attributed to late selling by foreign funds amid the lack of clarity in the middle east coupled with the lackluster regional performance.
- Nonetheless, we remain adamant that local stocks are ripe for some accumulation at current range hence are advocating investors to initiate some bargain hunting activities.
- For today, we expect the index to hover within the 1,680-1690 range.
