Market Pulse - 15Jun23 - Temporary Pause In Monetary Tightening

The FBM KLCI tracked the positive performance on Wall Street in anticipation of a halt in the interest rate hikes following the release of a larger-than-expected drop in the US inflation data. However, volatility surged on Wall Street as the US Fed signalled two more potential rate hikes in 2023. Meanwhile, the local bourse may see selling pressure on interest rate sensitive sectors such as the technology sector.

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