Market Pulse - 13Dec22 - Tipped Lower

The FBM KLCI dipped alongside with the regional markets as traders were cautious ahead of the monetary policy meetings across the globe this week. Given that the Wall Street gained momentum overnight in the anticipation of a declining US CPI data, we expect buying interest may set in for the local exchange. Nevertheless, the FOMC meeting outcome on the 14th of Dec will be crucial for the overall stock markets’ direction. At this stage, the market is expecting a softer CPI and the Fed may turn dovish.