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MALAYSIA: Country Wrap:  I/P Moderates, Continuing Trend of Softening Data.

MALAYSIA
  • Recent months has seen Malaysia’s economic data moderating, bringing into question the merits of a rate cut next year.  Today’s industrial production for October was estimated to expand at +2.6% y/y, yet came in at +2.1%, following September's result of +2.3%. (source: MNI – Market News).
  • Malaysia hasn’t participated in the China led euphoria for the equity markets, with the FTSE KLCI down -0.05%.
  • MYR:  a very quiet day today, with limited movement, down -0.05% at 4.4277.
  • Bonds: rally continues with yields lower across most of the curve, 7YR being the outperformer down -5.5bp to 3.729%. 
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  • Recent months has seen Malaysia’s economic data moderating, bringing into question the merits of a rate cut next year.  Today’s industrial production for October was estimated to expand at +2.6% y/y, yet came in at +2.1%, following September's result of +2.3%. (source: MNI – Market News).
  • Malaysia hasn’t participated in the China led euphoria for the equity markets, with the FTSE KLCI down -0.05%.
  • MYR:  a very quiet day today, with limited movement, down -0.05% at 4.4277.
  • Bonds: rally continues with yields lower across most of the curve, 7YR being the outperformer down -5.5bp to 3.729%.