Market Pulse - 17Apr23 - Lingering Cautiousness Capped Recovery

The FBM KLCI posted mild gains amidst the positive regional markets sentiment as investors anticipated a less-aggressive rate hike by the US Fed. Following the pullback on Wall Street, investors may trade on a cautiously positive mode prior to the Hari Raya Aidilfitri festive celebration, while all eyes will be on Eurozone’s and Malaysia’s inflation rate this week.