· Wall Street ended higher, driven by energy names despite macroeconomic data still seen rather conflicting out of the US. Dow +0.52%, Nasdaq -0.02% and S&P500 +0.51%. Focus for now will be on the FOMC meeting.
· Treasuries fell for a fourth day as the US sold USD 35bil of five-year notes at the highest yield since March amid concern the Federal Reserve may provide guidance tomorrow on when it will slow bond purchases
· Asian stocks rose for a second day and the won strengthened after South Korea’s industrial output unexpectedly increased and as investors awaited the outcome of Fed’s policy meeting today.
· The KLCI ended flat at 1637.34 on Tuesday amidst mixed sentiment in the market that has continued to linger from last week. A lack of strong cues would likely mean that the local bourse may prevail in the 1620-1650 range for the near-term.
· USD/MYR gapped higher to surface above the 3.0800 early on Tuesday morning before settling around the 3.0700 as USD bids dominated the market driven by some concerns over some official comments from around the region.
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