Morning News - 2 September 2015 - KLCI / ECONOMY - PMI

Today’s Highlights

►    Strategy – KLCI  (NEUTRAL, maintain) - 2Q15: 18th quarter of earnings downgrade

►    Economy – Manufacturing PMI - Malaysia’s PMI fell further to 47.2 in August

Quick Bites

►    IOI Corp: S&P lowers IOI Corp outlook to negative

Outside Malaysia

►    US stocks tumble as China slowdown deepens concerns on growth

►    Lagarde says global growth outlook weaker than IMF July forecast

►    American factories expand at slowest pace since May 2013

►    Fed’s Rosengren says inflation doubts justify slow rate pace

►    Euro area joblessness declines to lowest level since early 2012

►    French factory drag intensifies as Germany leads Europe recovery

►    China factory gauge shrinks to 3-year low in August ►    Oil retreats below US$45 as US stockpiles seen exacerbating glut