Tuesday, March 8, 2016

Morning News - 8 March 2016 - BANKING / ECONOMY - FOREIGN RESERVES

Today’s Highlights
    Sector Update – Banking (OVERWEIGHT, maintain) - A recovery in place, earnings downgrade peaked
    Economy – Foreign Reserves - Reserves unchanged at US95.6bn as at 29th February



Quick Bites
    FGV: Proposed Zhong Ling acquisition now subject to shareholders' approval



Outside Malaysia  
    S&P 500 closes little changed as energy rally offsets tech slide
    Borrowing by US consumers rises least since November 2013
    ECB reviewing QE bought €62bn of debt in February
    German factory orders drop as global slowdown weighs on economy
    China's foreign reserves slow decline as currency stabilizes
    Hong Kong home sales tumble 70% as slowdown intensifies
    Kuroda says impact of next sales tax rise to be less than 2014's
    Brent crude tops US$40 for first time since December on output

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