Daily Market Report - 8 April 2026
- Wall Street ended on a mixed note as all 3 major indices came in off the day’s low as sentiment improved on hopes of a last-minute deal between the US and Iran.
- In fact, the DJIA futures jumped 760 points as time of writing after Trump said he will suspend the attack on Iran for 2 weeks.
- As a result, crude oil prices eased marginally with the Brent crude trending below the USD110/barrel albeit temporarily.
- Meanwhile, the US 10 year yield declined to 4.301%.
- The HKSE will resume trading today.
- Back home, the FBM KLCI continued to slide as market undertone stays nervy amid the lack of clarity over in the middle east.
- As a result, trading on the local bourse remains muted with the daily volume traded now at the 2.5bn shares region.
- With many investors still side-lined, it will be interesting to see how regional funds will react to Trump’s latest rhetoric today.
- For us we prefer to stay vigilant and expect the index to trend between the 1,675-1,700 range today.
