Morning News - 7 July 2015 - MALAKOFF

Today’s Highlights

►    Initiate Coverage – Malakoff (HOLD, TP: RM1.92) - Positives priced in

Quick Bites

►    Public Bank: PBB signs MOU with Japanese banks

Outside Malaysia

►    US stocks fall as energy drops amid Greek debt negotiations

►    Growing service industries show improving economy in US

►    ECB kept higher pace of asset buying in June before summer lull

►    ECB tightens collateral terms for Greek bank liquidity aid

►    German factory orders fell in May as Greece damped optimism

►    UK at risk of ‘two-tier’ economy as services drive recovery

►     Oil falls most in five months as Greece, China boost demand  risk