The local stock market and the ringgit rallied to their best levels in weeks after Fitch Ratings upgraded its outlook on Malaysia’s government debt to “stable” from “negative”, but market observers warn that the relief may be temporary as concerns continue to loom.
Market watchers don’t know for how long the relief can last but said that a possible hike in US interest rates would put an end to the cheap cost of funding for overseas investors.
Furthermore, the ongoing economic problems in Europe, weak commodity prices and less-than-robust corporate earnings locally, are all issues for the local market to continue to wrestle with.
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Market watchers don’t know for how long the relief can last but said that a possible hike in US interest rates would put an end to the cheap cost of funding for overseas investors.
Furthermore, the ongoing economic problems in Europe, weak commodity prices and less-than-robust corporate earnings locally, are all issues for the local market to continue to wrestle with.
Click Here To Register For Free Trial Services OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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