Bursa Building

Will Bursa Malaysia fall today?

“Asian stocks are likely to open lower on Wednesday after U.S. markets fell for the first time in three days and oil futures retreated from recent record highs and closed down.”

This is the news reported after U.S. markets fell yesterday. Oil futures fell for the first time in five days. December crude oil futures closed down 3.4% at $90.38 a barrel on the New York Mercantile Exchange, retreating from Monday’s highest-ever close of $93.53.

Many analysts are hopeful the economy can avoid a recession, but the odds of one occurring have grown considerably since the start of this year. Some analysts, meanwhile, think there’s a chance the Fed will leave rates unchanged.

On Tuesday, Bursa Malaysia closed slightly higher, added 1.17 points to make a fresh new high at 1,412.7 points. Investors may take some profit today due to the U.S. markets fell last night and they are waiting for news about Fed decision on the rate cuts.

*

Copyright © 2014 BursaWave.com

Terms of Service