Daily Market Report (4 Sept 2019)
- Financial markets especially equities are seen to remain volatile for the time being. With the ongoing US/China trade war and the latest setback in Brexit, we reckon investors have begun a flight to safety namely to treasuries and gold.
- As a result, the US 10-year yield have dipped to its lowest YTD at 1.45% with gold prices soaring above its 5-year high at US$1,548/oz.
- Locally we see the support of the FBM KLCI at 1,580 following some heavy selling yesterday with 1,600 as the immediate psychological resistance level.
