Investors shied away from the equities market this week in the absence of good news on the foreign and home fronts.
“Externally, the inversion of yield curve in US Treasury bonds has triggered concerns of a possible recession in the US. Afzanizam said other market concerns included Britain’s exit from the European Union , which is in limbo as Prime Minister Theresa May is no longer in control of the Brexit deal, and the US-China trade discussion which seems to be fluid and fragile.
“Going forward, the equity market will remain volatile and we believe the market will monitor the purchasing managers’ index to see business sentiments across the globe. On the local currency’s performance, FXTM research analyst Lukman Otunuga said the ringgit did not have the best trading week due to the greenback’s recovery.
Source: News Formal (newsformal.com)
Sort of saying the outflow trend continues and unstoppable. What's wrong with you FMT?
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