Equity markets not out of the woods yet as various global challenges persist

A dealer says the FBM KLCI is likely to drift sideways ahead of the Fed’s decision and upcoming 4Q22 results season in February.

GLOBAL equity markets will continue to face multiple headwinds in 2023 with lingering Covid issues, the Russia-Ukraine conflict, sticky inflation and potentially more interest rate hikes impacting sentiment.

For the immediate term, markets await cue from the US Federal Reserve (Fed), which will meet on Jan 31 to decide on its next interest rates course.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 0
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

globalequities , headwinds , China , FBM KLCI , Fed , rates


Next In Business News

Wall St opens higher as rate hike pause hopes grow
Accenture cuts jobs, trims forecasts on worries of lower IT spending
US weekly jobless claims edge lower
Ringgit rallies against US dollar after Fed signals a more dovish stance going forward
Gamuda 2Q net profit rises to RM194.62mil
Straits Energy associate firm CBL International to be listed n Nasdaq
SunCon wins RM604.9mil RTS Link Project
TNB appoints Abdul Razak Abdul Majid as chairman
Etiqa, first local insurer to sign on to UN Principles for Sustainable Insurance
Yinson 4Q net profit jumps more than two-fold to RM168mil

Others Also Read