Daily Market Report (8 June 2021)
- Wall Street remains volatile as inflation is playing its part amid good job data hence traders are anticipating that the Feds easy money policy may be curbed sooner than later.
- The DJI Average lost 126 points to end at 34,600 mark with the Nasdaq added 67 points to close at around the 13,900 level.
- With the uncertainty, we reckon regional markets to be rather mixed today.
- On the local front, we would expect some rebound from the FBM KLCI and see the index to challenge the 1,585 level today.
- Meanwhile, the Brent crude oil price has breached the US$71/barrel.
