Morning News - 4 September 2015 - BANKING / CONSUMER / ECONOMY - ASEAN OUTLOOK

Today’s Highlights

►    Sector Update – Banking (NEUTRAL, maintain) - 2QCY15 Sector Roundup – Further downgrades

►    Sector Update  – Consumer (NEUTRAL, maintain) - A dividend safe haven

►    Economy – ASEAN Outlook – Weekly Wrap - Falling global oil prices eased regional inflation rates

Quick Bites

►    Globetronics: Globetronics announces interim dividend of 10 sen

►    Construction: Malaysian infrastructure - Prasarana to appoint PDP for LRT3 next week

►    GAQRS: Gabungan AQRS calls off land acquisition deal

Outside Malaysia

►    US stock rally fades before jobs data amid ECB move

►    Growth at US service providers near strongest in decade

►    Jobless claims in US rose more than forecast last week

►    ECB leaves rates on hold as investors look to Draghi for QE hint

►    Draghi unveils revamped QE program as ECB downgrades outlook

►    Euro area recovery gathers speed with only France as laggard

►    Philippines shuns currency war as Tetangco keeps policy steady ►    Oil climbs as ECB expansion of stimulus bolsters optimism