Morning News - 16 June 2016 - TOPG / ECONOMY - CPI & US ECONOMY

Today’s Highlights

►    Results Note – Top Glove (BUY, maintain) - Sequential recovery

►    Economy  – CPI - Headline inflation improves further to 2% yoy in May

►    Economy – US Economy – Monetary Policy - US Fed delayed its hike in Federal Funds rate in June

Quick Bites            

►        Plantation: Malaysia July CPO export tax raised to 6.0%

        

Outside Malaysia            

►    US stocks retreat amid tepid growth outlook, Brexit concerns

►    Fed reins in rate-hike path as Brexit cited in latest pause

►    US factory production falls more than forecast on auto output

►    Rising fuel pushes up US producer prices for second month

►    UK campaigns lay out post-Brexit visions in dominance push

►    New Zealand economy expands faster than forecast on construction

►    Singapore home sales climb to most in 10 months on new projects

►    Oil dips 6th day as US drillers seen tapping uncompleted wells