<div class=newsTextDataWrapInner><p>(April 26): US equity funds registered their fourth successive weekly outflows in the week ended April 24, hit by fading expectations for rate cuts this year.</p></div>

<div class=newsTextDataWrapInner><p>LSEG data showed a withdrawal of US$1.2 billion (RM5.7 billion) from US equity funds, though the figure was less than the previous week's, as optimism over solid corporate earnings, especially from major tech firms, provided some support.</p></div>

<div class=newsTextDataWrapInner><p>US stock index futures rose on Friday, driven by strong earnings from Alphabet and Microsoft, while investors awaited a key inflation print that could help shape US monetary policy.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Starting the year with expectations for six rate cuts, traders have now pared down their forecasts to one or two, with some even anticipating a possible rate hike.</p></div>

<div class=newsTextDataWrapInner><p>Sector funds saw varying flows: tech funds experienced outflows of US$465 million, consumer staples saw US$343 million leave while utilities funds saw US$144 million leave. Conversely, energy funds reported inflows of US$422 million while industrial funds reported inflows of US$479 million.</p></div>

<div class=newsTextDataWrapInner><p>Meanwhile, US bond funds reversed a previous outflow, attracting US$845 million.</p></div>

<div class=newsTextDataWrapInner><p>Money market funds also saw a turnaround, securing inflows of US$5.6 billion after outflows in the preceding two weeks.</p></div>


US equity funds registered their fourth successive weekly outflows in the week ended April 24, hit by fading expectations for rate cuts this year.

US equity funds see fourth straight week of outflows amid rate cut reassessment

Notable filings

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A gauge of global stock markets rallied on Monday on optimism that major central banks will cut interest rates this year, while the yen weakened against the dollar after a surge last week from Japan's suspected currency intervention.

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Australia's central bank held interest rates for a fourth straight meeting on Tuesday, while noting inflation was easing more gradually than hoped and that it was vigilant to upside price pressure risks.

Australia holds interest rates, vigilant on inflation risks

China tightened rules for hedge funds, raising the minimum-asset threshold of the 5.5 trillion yuan (RM3.61 billion) industry while imposing restrictions on the use of derivatives and leverage.

China tightens rules on hedge funds with higher threshold, curbs

Pakatan Harapan (PH) candidate Pang Sock Tao denied allegations that she and the party machinery committed election offences while campaigning for the Kuala Kubu Baharu (KKB) state by-election.

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Philippine inflation quickened for a third straight month in April, and the continued strain on food supply may keep prices under pressure and prompt the central bank to hold its key rate at a 17-year high.

Philippines inflation still at risk from food supply strain

Korea Aerospace Industries (KAI) is confident the Royal Malaysian Air Force (RMAF) will acquire another batch of 18 units of FA-50M light combat aircraft, bringing the total number of the fighter aircraft it will possess to 36 units.

Malaysia 'very much likely' to order 18 more units of light combat aircraft FA-50M — KAI official

Low-cost carrier Scoot Pte Ltd, which will release its fourth quarter of 2023 results next Wednesday (May 15) through its parent firm Singapore Airlines Ltd (SIA), said it is committed to maintaining its profitability amid rising competition post-pandemic.

Singapore’s low-cost airline Scoot seeks to maintain profitability amid higher competition

Scoot Pte Ltd, the low-cost carrier of Singapore Airlines Ltd (SIA), commenced operation of its first Embraer E190-E2 aircraft on Tuesday, reiterating the crucial role of Malaysia in its airline operations.

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<p>Malaysia’s benchmark index FBM KLCI rose above 1,600 points for the first time in two years on Tuesday, thanks to strong gains of blue chip stocks.</p>


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<p>A US judge on Monday formally ended the US government's criminal case against Goldman Sachs related to the Wall Street bank's work for the Malaysian fund 1Malaysia Development Bhd (1MDB) after it met its obligations and paid US$2.9 billion (RM13.75 billion) in penalties.</p>


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<p>Investment analysts have valued Main Market-bound Feytech Holdings Bhd at between 95 sen and RM1.13.</p>


Analysts value Main Market-bound Feytech at between 95 sen and RM1.13

<p>“Black Swan” fund manager Mark Spitznagel said investors should avoid chasing the market or making decisions based on short-term US Federal Reserve (Fed) moves.</p>


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<p>Initial public offerings on Bursa Malaysia have largely delivered share price gains, offering hope to other companies seeking to raise funds while providing confidence to investors to bet on new listings.</p>


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Anwar to meet with Petronas to discuss project in Pengerang

<p>The Federal Court on Tuesday ruled that it is not intervening with the High Court’s decision in not allowing businessman Ricky Wong Shee Kai to come back to Malaysia’s jurisdiction should he want to participate in civil court proceedings against him and his mother and Wong SK Holdings Sdn Bhd following an action by the Securities Commission Malaysia.</p>


Federal Court will not intervene in Ricky Wong's High Court decision for him to be physically present in civil proceedings

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Dayang Enterprise to post strong rebound in 1Q earnings — Phillip Capital

<p>RHB Retail Research said S P Setia Bhd is poised to resume its uptrend after climbing above the 21-day simple moving average (SMA) line, while eyeing a spot above the RM1.50 threshold on Monday.</p>


S P Setia poised to resume its uptrend, says RHB Retail Research 

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<p>Investors should be prepared for a recession with the potential to send the stock market plummeting this year, according to top forecaster Gary Shilling.</p>


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<p>Hong Leong Investment Bank (HLIB) Research said it anticipates Samaiden Group Bhd posting a stronger second half of 2024 (2H2024) earnings, with some projects reaching a stronger recognition cycle.</p>


HLIB anticipates Samaiden to post stronger 2H2024 earnings 

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Wall Street closes higher for third session on rate cut optimism

<p>Scoot Pte Ltd, the low-cost carrier of Singapore Airlines Ltd (SIA), commenced operation of its first Embraer E190-E2 aircraft on Tuesday, reiterating the crucial role of Malaysia in its airline operations.</p>


<p>Sime Darby Plantation Bhd (SDP) is making a foray into green industrial park, starting with the proposed development of the Kerian Integrated Green Industrial Park (KIGIP) in Perak.</p>


Sime Darby Plantation to co-develop Kerian Integrated Green Industrial Park with PNB

<p>PAS Secretary-General Datuk Seri Takiyuddin Hassan’s remark “if Pakatan Harapan (PH) wins (the Kuala Kubu Baharu by election)”, suggests a breakdown in the morale and spirit of Perikatan Nasional (PN), said PKR Information chief Fahmi Fadzil.</p>


Takiyuddin's remark on PH implies PN's morale breakdown — Fahmi

<p>Bill Hwang amassed a fortune of US$36 billion (RM170.63 billion) on Wall Street through his family office, Archegos Capital Management. But over the course of one week in 2021, the firm imploded. Federal prosecutors have since charged Hwang with 11 criminal counts, including securities fraud, wire fraud and racketeering.</p>


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<p>A 65% slide in VinFast Auto Ltd’s stock this year underlines the challenge faced by the electric vehicle (EV) maker backed by Vietnam’s richest man.</p>


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