KUALA LUMPUR, Sept 10 (Bernama): Bursa Malaysia is likely to trend higher this week, with the FTSE Bursa Malaysia KLCI (FBM KLCI) expected to break the 1,500-mark due to the optimism that there will not be a global recession.
Inter-Pacific Asset Management Sdn Bhd executive director and fund manager Datuk Nazri Khan Adam Khan said the fear among market players is seen to be declining despite the hawkish rhetoric move by the Federal Reserve and the European Central Bank in raising the interest rate by 0.75 basis-point.
