![MARKET PULSE PM AUG 11, 2025 [WATCH]](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fimages%2Farticles%2Fmppm11_NSTfield_image_socialmedia.var_1754910380.jpg&w=3840&q=100)
MARKET PULSE PM AUG 11, 2025 [WATCH]
Bursa Malaysia ended higher today, continuing its upward streak as upbeat sentiment swept across regional markets.
Gains were driven by fresh interest in data centre stocks, positive signals from trade talks, and growing expectations of a Federal Reserve rate cut at the next FOMC meeting.
The benchmark index is expected to trend within the range of 1,550 to 1,580 this week.
Meanwhile, the ringgit strengthened against the greenback to 4.2310.
In the crypto market, Bitcoin climbed to RM510,326 as treasury interest grew.
Ethereum rose to RM17,981, while Solana was up at RM771.
That wraps up today's Market Pulse.
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New Straits Times
18 minutes ago
- New Straits Times
S&P 500, Nasdaq end at record closing highs as moderate inflation lifts rate hopes
NEW YORK: The S&P 500 and the Nasdaq scored record closing highs on Tuesday, as news that July inflation rose broadly in line with expectations bolstered bets on a Federal Reserve interest rate cut next month. The Labour Department said the Consumer Price Index (CPI) rose 0.20 per cent on a monthly basis in July, while annual inflation came in slightly below forecasts, drawing calls from US President Donald Trump to lower interest rates. Yields on shorter-dated Treasury bonds – a reflection of interest rate expectations – slipped and rate futures showed traders are giving an 88.80 per cent chance that the Fed could lower rates by about 25 basis points in September. "The CPI data is supportive for equities overall, getting some good news with the Fed looking more on track to cut in September and potentially more transitory inflation," said Katherine Bordlemay, co-head of client portfolio management, fundamental equities at Goldman Sachs Asset Management. "The first thing I'd guide is continue to lean into the theme of the big are getting bigger. We continue to have conviction around mega-tech and technology." Alphabet shares rose 1.20 per cent as Perplexity made a US$34.50 billion cash offer to buy the company's Chrome browser. Intel Corp climbed 5.60 per cent after Trump said he met its CEO, Lip-Bu Tan, on Monday, praising Tan and calling the meeting "very interesting." Last week, Trump demanded Tan's immediate resignation, calling him "highly conflicted" over his ties to Chinese firms. The Dow Jones Industrial Average rose 483.52 points, or one per cent, to 44,458.61, the S&P 500 gained 72.31 points, or 1.13 per cent, at 6,445.76 and the Nasdaq Composite advanced 296.50 points, or 1.39 per cent, to 21,681.90. The quality of economic data remains a concern weeks after Trump fired the head of the Bureau of Labour Statistics following downward revisions to previous months' nonfarm payrolls counts. Markets are monitoring developments around Trump's nominee, E.J. Antoni, to the bureau commissioner post and potential candidates for the Fed's top job. "This is still early innings of this process and just as the Fed will be beginning to cut rates in the autumn, that's when the inflation data will probably start to be registering some of these more direct tariff price increases and it's going to complicate the rate-cutting decision," said John Velis, a macro strategist at BNY. Relief came as the US and China extended their tariff truce until Nov 10, staving off triple-digit duties on each other's goods. US stocks have rallied in recent weeks on the back of strong tech earnings, easing trade tensions, and increased rate cut expectations. Inflows into US stocks last week were the largest in two years, BofA Global Research data showed. The Russell 2000 index, tracking small-cap companies, advanced almost three per cent. An index tracking airline stocks surged 8.87 per cent, its biggest one-day rise in over a month after data showed airfares rose four per cent in July. Bank stocks rallied, with the S&P 500 Banks index up 2.10 per cent, as analysts said a steepening yield curve could help bank earnings as lenders could borrow cheap and lend at a higher rate. Cardinal Health dropped seven per cent after the drug distributor said it will buy healthcare management firm Solaris for US$1.90 billion. Advancing issues outnumbered decliners by a 4.26-to-1 ratio on the NYSE. There were 484 new highs and 60 new lows on the NYSE. On the Nasdaq, advancing issues outnumbered decliners by a 2.69-to-1 ratio. The S&P 500 posted 27 new 52-week highs and 12 new lows while the Nasdaq Composite recorded 104 new highs and 96 new lows. Volume on US exchanges was 16.40 billion shares, compared with the 18.30 billion average for the full session over the last 20 trading days.
The Star
an hour ago
- The Star
S&P 500, Nasdaq close at record closing highs
The Dow rose 483.52 points, or 1.10%, to 44,458.61, the S&P 500 gained 72.31 points, or 1.13%, at 6,445.76 and the Nasdaq advanced 296.50 points, or 1.39%, to 21,681.90. NEW YORK: The S&P 500 and the Nasdaq scored record closing highs on Tuesday, as news that July inflation rose broadly in line with expectations bolstered bets on a Federal Reserve interest rate cut next month. The Labor Department said the Consumer Price Index (CPI) rose 0.2% on a monthly basis in July, while annual inflation came in slightly below forecasts, drawing calls from US President Donald Trump to lower interest rates. Yields on shorter-dated Treasury bonds – a reflection of interest rate expectations – slipped and rate futures showed traders are giving an 88.8% chance that the Fed could lower rates by about 25 basis points in September. "The CPI data is supportive for equities overall, getting some good news with the Fed looking more on track to cut in September and potentially more transitory inflation," said Katherine Bordlemay, co-head of client portfolio management, fundamental equities at Goldman Sachs Asset Management. "The first thing I'd guide is continue to lean into the theme of the big are getting bigger. We continue to have conviction around mega-tech and technology." Alphabet shares rose 1.2% as Perplexity made a US$34.5 billion cash offer to buy the company's Chrome browser. Intel Corp climbed 5.6% after Trump said he met its CEO, Lip-Bu Tan, on Monday, praising Tan and calling the meeting "very interesting." Last week, Trump demanded Tan's immediate resignation, calling him "highly conflicted" over his ties to Chinese firms. The Dow Jones Industrial Average rose 483.52 points, or 1.10%, to 44,458.61, the S&P 500 gained 72.31 points, or 1.13%, at 6,445.76 and the Nasdaq Composite advanced 296.50 points, or 1.39%, to 21,681.90. The quality of economic data remains a concern weeks after Trump fired the head of the Bureau of Labor Statistics following downward revisions to previous months' nonfarm payrolls counts. Markets are monitoring developments around Trump's nominee, E.J. Antoni, to the bureau commissioner post and potential candidates for the Fed's top job. "This is still early innings of this process and just as the Fed will be beginning to cut rates in the autumn, that's when the inflation data will probably start to be registering some of these more direct tariff price increases and it's going to complicate the rate-cutting decision," said John Velis, a macro strategist at BNY. Relief came as the US and China extended their tariff truce until November 10, staving off triple-digit duties on each other's goods. US stocks have rallied in recent weeks on the back of strong tech earnings, easing trade tensions, and increased rate cut expectations. Inflows into US stocks last week were the largest in two years, BofA Global Research data showed. The Russell 2000 index, tracking small-cap companies, advanced almost 3%. An index tracking airline stocks surged 8.87%, its biggest one-day rise in over a month after data showed airfares rose 4% in July. Bank stocks rallied, with the S&P 500 Banks index up 2.1%, as analysts said a steepening yield curve could help bank earnings as lenders could borrow cheap and lend at a higher rate. Cardinal Health dropped 7% after the drug distributor said it will buy healthcare management firm Solaris for US$1.9 billion. Advancing issues outnumbered decliners by a 4.26-to-1 ratio on the NYSE. There were 484 new highs and 60 new lows on the NYSE. On the Nasdaq, advancing issues outnumbered decliners by a 2.69-to-1 ratio. The S&P 500 posted 27 new 52-week highs and 12 new lows while the Nasdaq Composite recorded 104 new highs and 96 new lows. Volume on US exchanges was 16.40 billion shares, compared with the 18.3 billion average for the full session over the last 20 trading days. — Reuters
The Star
4 hours ago
- The Star
MGB wins RM186mil building job
PETALING JAYA: MGB Bhd has accepted a letter of award from CI Medini Sdn Bhd for the development of two service apartment buildings in Medini, Iskandar Puteri, Johor Baru, worth RM185.99mil. In a filing with Bursa Malaysia, the construction and property development firm said the first phase will consist of a 32-storey block comprising 405 apartment units; a multi-storey podium car park and guardhouse. Construction will commence on Sept 1, 2025 and be completed by Nov 30, 2027. Meanwhile, the second phase will comprise a 31-storey block comprising 397 apartment units. MGB said construction will take up to 18 months. 'The contract will increase and enhance the existing order book of the company and its group of companies. 'With the contract in hand, the group's current outstanding order book is of approximately RM1.21bil,' it said.
