Friday, August 7, 2015

Morning News - 7 August 2015 - KLCI / MBSB / ECONOMY - MACRO FEEDBACK & ASEAN OUTLOOK

Today’s Highlights
►    Strategy – KLCI (NEUTRAL, maintain) - Foreign interest remains muted
►    Results Note  – MBSB (HOLD, upgrade) - Increased impairment in 2Q15
►    Economy – Malaysia - Macro Feedback - Focus on underlying macroeconomic fundamentals
►    Economy – ASEAN Outlook – Weekly Wrap - Indonesia’s GDP growth slowed to 4.67% yoy in 2Q15



Outside Malaysia
►    US stocks fall as biotech, media shares tumble amid earnings
►    Jobless claims in US hover near lowest in four decades
►    Greek aid accord is possible before Aug.
►    German manufacturing orders surge in sign of robust growth
►    Bank of England holds key interest rate and cuts inflation outlook
►    UK industrial output unexpectedly falls on oil and gas
►    Australia adds workers, unemployment rises as data doubts linger
►    Oil slides to lowest since March as Goldman sees glut




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