(Bloomberg) The Malaysian budget’s focus on fiscal discipline will boost the government’s credibility in carrying out fiscal reforms, though impact on equities will likely be limited.Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsGlobal Markets Stable as US Pushes to Contain Middle East WarYour Guide to Understanding
The potential peak in the rate cycles of central banks and the easing of the political risk premium on the local equity market could be the catalyst for a narrowing of year-to-date losses in the FBM KLCI in the second half of the year.
PETALING JAYA: Bursa Malaysia seems set for a year-end rally on improving global economic fundamentals, but not before some interim weakness ahead of the country’s upcoming 15th General Election (GE15).