Malaysian Shares Tick Higher; FOMC Decision in Focus -- Market Talk

Dow Jones12-18 17:07

0907 GMT - Malaysia's Kuala Lumpur Composite Index ended 0.1% higher at 1599.58. Investors remained cautious ahead of the highly anticipated Fed rate decision, iFAST Capital analyst Jane Chia Jing Ying says. With the likelihood of a rate cut looking strong, the market will focus on the Fed's policy tone, particularly through the dot plots and updated quarterly economic projections, to assess the likely direction of rates in 2025, she adds. Chia pegs the KLCI's support at 1580 and resistance at 1630. Among gainers, Tenaga Nasional added 2.0% and Genting Malaysia rose 1.4%. Meanwhile, Capital A lost 2.0% and Petronas Dagangan was 1.5% lower. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

December 18, 2024 04:07 ET (09:07 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2492503972?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-18 17:07","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2492503972","market":"sg","top_or_hot":-1,"title":"Malaysian Shares Tick Higher; FOMC Decision in Focus -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0907 GMT - Malaysia's Kuala Lumpur Composite Index ended 0.1% higher at 1599.58. Investors remained cautious ahead of the highly anticipated Fed rate decision, iFAST Capital analyst Jane Chia Jing Ying says. With the likelihood of a rate cut looking strong, the market will focus on the Fed's policy tone, particularly through the dot plots and updated quarterly economic projections, to assess the likely direction of rates in 2025, she adds. Chia pegs the KLCI's support at 1580 and resistance at 1630. Among gainers, Tenaga Nasional added 2.0% and Genting Malaysia rose 1.4%. Meanwhile, Capital A lost 2.0% and Petronas Dagangan was 1.5% lower. (yingxian.wong@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 18, 2024 04:07 ET (09:07 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Malaysian Shares Tick Higher; FOMC Decision in Focus -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMalaysian Shares Tick Higher; FOMC Decision in Focus -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-18 17:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0907 GMT - Malaysia's Kuala Lumpur Composite Index ended 0.1% higher at 1599.58. Investors remained cautious ahead of the highly anticipated Fed rate decision, iFAST Capital analyst Jane Chia Jing ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FOMC","symbol_name":"FOMO CORP.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2492503972","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492503972","pubTimestamp":1734512820,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0907 GMT - Malaysia's Kuala Lumpur Composite Index ended 0.1% higher at 1599.58. Investors remained cautious ahead of the highly anticipated Fed rate decision, iFAST Capital analyst Jane Chia Jing Ying says. With the likelihood of a rate cut looking strong, the market will focus on the Fed's policy tone, particularly through the dot plots and updated quarterly economic projections, to assess the likely direction of rates in 2025, she adds. Chia pegs the KLCI's support at 1580 and resistance at 1630. Among gainers, Tenaga Nasional added 2.0% and Genting Malaysia rose 1.4%. Meanwhile, Capital A lost 2.0% and Petronas Dagangan was 1.5% lower. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"FOMC":"FOMO CORP.","BK4077":"互动媒体与服务"},"translate_title":"马来西亚股市走高；FOMC决策成为焦点——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FOMC":1,"US10Y.BOND":1,"US12M.BOND":1,"US2Y.BOND":1,"US30Y.BOND":1,"US3Y.BOND":1,"US5Y.BOND":1,"US6M.BOND":1,"US7Y.BOND":1},"content_text":"0907 GMT - Malaysia's Kuala Lumpur Composite Index ended 0.1% higher at 1599.58. Investors remained cautious ahead of the highly anticipated Fed rate decision, iFAST Capital analyst Jane Chia Jing Ying says. With the likelihood of a rate cut looking strong, the market will focus on the Fed's policy tone, particularly through the dot plots and updated quarterly economic projections, to assess the likely direction of rates in 2025, she adds. Chia pegs the KLCI's support at 1580 and resistance at 1630. Among gainers, Tenaga Nasional added 2.0% and Genting Malaysia rose 1.4%. Meanwhile, Capital A lost 2.0% and Petronas Dagangan was 1.5% lower. (yingxian.wong@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 18, 2024 04:07 ET (09:07 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492503972"}