U.S mkt :
U.S stocks ended sharply lower on monday as existing home sales fell more than expected and china signaled that they would not increase stimulus.
European mkt :
European Stocks ended lower on monday as mining stocks led losses on concerns that china would tolerate slower economic growth and withhold further stimulus effort.
Gold :
Gold prices rose on monday after disappointing U.S housing data prompted investors to lock in gains by selling dollar gold and dollar has inverse relationship.
Crude oil :
Crude oil prices fell on disappointing U.S housing data and concerns that global supply is > global demand.
KLCI :
Mkt closed lower in tandam with regional bourses after china signal that they would withhold further stimulus effort.
Today's economic event :
- China's HSBC flash manufacturing PMI
- Europe's French flash manufacturing PMI
- Europe's German flash manufacturing PMI
Newsflow :
* BHS : plans bonus issue and share spilt to lossen liquidity.
* IRis : wins job as approved refund agent for GST
* SIG Gases : acquire a gas firm
* BJland : Q1 profit fell 38.67% due higher prize payout and operating exp.
* Tas offshore : partner china based biz man to build and sell offshore support vessels out of china.
* Cn Asia : terminates plan to build LPG plant in Kazakhtan
DJIA : 17172.68 (-107.06)
Dax : 9749.54 (-49.72)
FTSE 100 : 6773.63 (-64.29)
Gold : 1216
Crude oil : 91
USD / MYR : 3.24
M"sia 10 yr bond yield : 3.945%
Monday's bursa trade stat ( RM ) :
Local Institutions (52.6%) : net BUY 10.8mil
Retail (27.9%) : net SELL 2mil
Foreign (19.5%) : net SELL 8.8mil
