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KLCI : Market Summary - May 4, 2018

04 May 2018

FBM KLCI closed red to -9.97 points at 1841.83 points after the weaker performance on Wall Street as some disappointing earnings reports offset strong economic data, while bond yields slipped after a surprising slowdown in euro zone inflation.(t.me/reseachbursa)

Meanwhile the focus for markets will be on the U.S. jobs data due later in the day, with the April report likely to indicate labor market strength. Non-farm payrolls probably increased by 192,000 jobs last month, after rising only 103,000 .But it is expected that it will be the wages figure that could change views on future Fed hikes.(t.me/BursasgxSignal)

Investors are also keeping a close watch on U.S.-China trade talks and investors have little confidence that the U.S. delegation in Beijing will achieve any progress on the tariffs between the world's two biggest economies.(t.me/klcistocks)

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