KUALA LUMPUR: Investors will turn towards economic data now the corporate results period has ended, with the spotlight trained on inflation data and potential interest rate cuts in the US.
Wall Street markets performed admirably overnight following the release of the US personal consumption expenditures (PCE) report, which matched economist expectations, showing a slowing rate of price increase.
The S&P500 and Nasdaq both hit record levels of trading as technology counters rose amid signs of cooling price pressures.
The S&P500 rose 0.5% to finish at 5,095 while the Nasdaq closed up 0.9% at 16,091. The Dow Jones, meanwhile, was up 0.1% to 38,996.
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