Rapid Rail: KL Sentral-Medan Tuanku monorail service suspended, feeder bus and trains deployed after tree falls on track along Jalan Sultan IsmailOn Wall Street, the Dow Jones Industrial Average rose 0.08 per cent, the S&P 500 gained 0.13 per cent and the Nasdaq Composite dropped 0.1 per cent.
A weaker-than-expected US jobs report on Friday following the prior week's GDP reading, which showed the slowest growth in nearly two years, provoked a dovish pivot among investors regarding how soon and by how much the Fed cuts rates. “It's going to take more than one print, maybe even more than two prints of low inflation before the Fed is comfortable, and that just means that there's not going to be enough time potentially this year to squeeze in two rate cuts.”
Emerging market stocks rose 0.14 per cent. MSCI's broadest index of Asia-Pacific shares outside Japan closed 0.26 per cent higher, while Japan's Nikkei rose 1.57 per cent.
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