Market Pulse - 22May23 - Baby Steps Of Recovery

The FBM KLCI ended marginally higher on the back of final-hour bargain hunting activities. On the global front, investors may remain cautious despite the Fed Chair Jerome Powell’s comment on less-aggressive interest rate hike, as worries surfaced following a pause on debt ceiling negotiations. Meanwhile, all eyes will be on the US FOMC Minutes as well as Malaysia’s inflation rate this week.

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