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Malaysian shares take US job cue as earnings trickle in

Mimi Sabreena 7:44:00 AM Informasi

KUALA LUMPUR (Aug 7): Malaysian shares may today take the cue from US share gains on Friday as stronger-than-expected US employment numbers lead to expectation of faster interest rate hikes there.

Investors closely watch US interest rate movements, which influence global fund flow and share-trade dynamics.

Last Friday, the FBM KLCI rose 2.63 points or 0.1% to close at 1,774.53 points. The ringgit strengthened to 4.2782 against the US dollar.

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