Daily Market Report (13 Dec 2019)
Fri, Dec 13, 2019 8:45 AM
- According to Trump, the US is “very close” to a deal with China thus averting full imposition of tariffs on Chinese goods due by this weekend. Assuming this is true, global markets for once may enjoy some degree of clarity.
- Meanwhile, the thumping win for the Conservatives in the just concluded UK election seems to have added more clarity from there as well. Locally, we expect buying momentum to persists with the FBM KLCI continuing with the uptrend.
- The benchmark index is expected to breach the 1,570 today with immediate resistance at the 1,575 level.
