Market Pulse - 11Nov11 - Focus Onto 3Q22 GDP

The FBM KLCI reversed its earlier losses and closed in the positive territory, outperforming the negative regional markets. Given the big rally on Wall Street after the release of the inflation data in the US, investors believed that the inflation numbers could have peaked and hopeful for a less aggressive interest rate hikes from the US Fed. Hence, we believe the positive momentum may spill over to the regional markets as well as the local bourse.