Morning News - 29 April 2016 - PREIT/ ASEAN WEEKLY WRAP/ MALAYSIA SERVICES SECTOR

Today’s Highlights

►    Results Note – Pavilion REIT (BUY, maintain) - - Retail spending to be sustained

►    Economic Update – ASEAN Weekly Wrap - Indonesia launched the 12th stimulus package

►    Economic Focus – Malaysia Services sector and Index of Services (IOS) - Services sector on track to reach 56.5% of GDP by 2020

Quick Bites

►    SIME: In talks to sell Singapore properties

►    IOI: Nestle (M) have not totally cut off IOI

Outside Malaysia            

►    US stocks tumble as Apple selloff overshadows Facebook rally

►    US economy expands to 0.5% pace, weakest in two years

►    US jobless claims hover near lowest level in four decades

►    Euro area economic confidence rebounds from 1-year low

►    German prices resume decline in reminder of ECB inflation battle

►    Bank of Japan stuns market by holding off on more stimulus

►    Singapore's unemployment rate unchanged at 1.9% in first quarter

►    Oil advances to five-month high US as output slump persists