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MARKET PULSE AM AUG 6, 2024 [WATCH]

KUALA LUMPUR: News on the latest moves on the stock and crypto markets.

The key 30-stock index was up 9 points in early trade after Federal Reserve officials' assurances that the US is not in a recession.

It will likely hover within the 1,500 to 1,660 range today, as the sharp sell-off on Wall Street weigh-on sentiment ahead of corporate earnings.

In the crypto market, Bitcoin, Ethereum and Solana staged a mild recovery after a rout which saw Bitcoin fall 12 per cent in a day. 

Bitcoin was trading at RM256,509, Ethereum at RM11,566, and Solana was up to RM636.

That's it for Market Pulse.

 

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