Bursa stays sideways pending fresh leads, US rate clarity


KUALA LUMPUR: Bursa Malaysia is expected to continue moving in a sideways trajectory ahead of further signals from the US Federal Reserve on their next interest rate move.

Apex Securities Research said the FBM KLCI is expected to trend sideways in view of the lack of surprises from corporate results, with falling US Treasury yields cushioning the downside amid expectations of cooling inflation.

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