The Malaysia stock market has been on the rise, with the Kuala Lumpur Composite Index sitting above 1,540 points. Global markets are cautiously optimistic due to improving trade deal outlook. The KLCI saw gains from financial shares, telecoms, industrials, and plantations, with the index improving by 0.69 percent. Wall Street closed mixed but the Dow stumbled while the NASDAQ and S&P 500 saw gains. Optimism surrounds more trade deals for the U.S. with its remaining partners, as new home sales rebounded less than expected in June. Crude oil prices rose after a decline in U.S. crude stockpiles.

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