Tuesday, March 20, 2018

FW: [Maybank] Jitters

 

 

Jitters

Global Markets Daily
by Saktiandi Supaat

FX Research

Wall street was dragged lower by Tech stocks. Facebook Inc was down -6.8% in overnight session. The tech giant was sold on news that a data company Cambridge Analytica has improperly obtained information from Facebook, revealing 'systemic problems'. Trading sentiments in general could get more jittery ahead of the first rate hike on Wednesday night but it is not the rate hike per se that could get investors nervous. After a series of rather strong data, albeit without signs of stronger price...

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