Market Pulse - 12May23 - Malaysia 1Q23 GDP Growth Rate In Focus

The FBM KLCI marked the third-session decline as cautious sentiment prevailed prior to the release of Malaysia’s 1Q23 GDP data. On Wall Street, investors are shifting their focus towards the technology sector in the anticipation of the Fed keeping the interest rate unchanged next month. Currently, Nasdaq is relatively stronger than the Dow’s movement. Closer to home, investors may start to position n solid fundamental stocks prior to the earnings season.