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There's concern that the Fed is not going to be reacting quick enough or more forcefully enough to help prevent something more sinister," said Keith Lerner, co-chief investment officer, Truist Advisory Services.
Several factors threaten to compound the market's uncertainty. Futures bets on Friday showed investors pricing in a nearly 70% chance of a 25 basis point reduction by the Fed, and 30% chance of a 50 bp cut. For many, however, the issue remains far from settled
KUALA LUMPUR: Foreign investors were net buyers of Bursa Malaysia equities for the fourth straight week with a total net inflow of RM798.3mil.
The sustained inflow into the Malaysian market bucked the wider regional trend, where net foreign outflows were recorded, especially in Taiwan and South Korea.
According to MIDF Research, there was a reversal in Asian markets, where a net sale of US$3.33bil in equities was registered in the eight Asia markets it tracks.
This followed from a plunge in Wall Street markets in the first week of September, where the S&P500 and Nasdaq Composite indices had their worst weekly declines so far this year.
S&P Global expects OPEC+ to increase oil output next year
NST Mon, Sep 09, 2024 01:46pm - 27 minutes
SINGAPORE: The Organization of the Petroleum Exporting Countries and its allies, the group known as OPEC+, is expected to increase production for the first time in a couple of years in 2025, an S&P Global executive told a conference on Monday.