Market Pulse - 15Mar23 - Recovery On The Cards

Lingering fears over the collapse of the US banks rippled through markets, dragging the FBM KLCI below the key 1,400 level. Following a five-session rout, the local bourse is likely to see some rebound along with the regional markets as the largely-in line inflation data in the US could ease investors’ concern on aggressive interest rate hikes next week. Economic indicators wise, the European Central Bank’s interest rate decision and Eurozone’s inflation rate will be the next focus.