KUALA LUMPUR: THE FBM KLCI is expected to continue its downtrend this week due to a rising solvency risk and borrowing cost in Europe amid persistent worries on the global economy growth.
Vice-President, Head of Retail Research, Affin Investment Bank, Dr Nazri Khan, said despite positive news from US on a possible monetary stimulus package, a weaker than expected read on April Euro zone sentiment and rising European bond yield seemed to bring struggling European growth and debt concerns back into focus.
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