KUALA LUMPUR (June 29): The FBM KLCI is expected to trade range bound today, in line with the overnight mixed close at most global markets.

The euro hit a one-year high against the dollar on Wednesday and the British pound rallied on bets that Europe's and Britain's central banks are preparing to scale back economic stimulus, while bank stocks led a rebound on Wall Street, according to Reuters.

The dollar index slid as Bank of England Governor Mark Carney said a debate on the need to raise interest rates is due "in the coming months," adding to a hawkish tone out of the European Central Bank on Tuesday, it said.

Meanwhile, the Dow Jones Industrial Average rose 156.59 points, or 0.73 percent, to 21,467.25, the S&P 500 gained 22.64 points, or 0.94 percent, to 2,442.02 and the Nasdaq Composite added 86.74 points, or 1.41 percent, to 6,233.37, said Reuters.

It said the pan-European STOXX 600 index lost 0.04 percent with gains in bank shares limiting the loss, while MSCI's gauge of stocks across the globe gained 0.67 percent.

Based on corporate announcements and news flow yesterday, companies that may be in focus today may include the following: Magni-Tech Industries Bhd, Sunsuria Bhd, Guan Chong Bhd, Sapura Energy Bhd, Ikhmas Jaya Group Bhd, Jadi Imaging Holdings Bhd, Bintai Kinden Corp Bhd, Maxis Bhd, LKL International Bhd and Lay Hong Bhd.