Morning News - 26 October 2015 - KLCI / HLBANK / BURSA / ECONOMY - BUDGET PREVIEW & CPI

Today’s Highlights

►    Strategy – KLCI (NEUTRAL, maintain) - Budget 2016: The right focus

►    Company Update  – Hong Leong Bank (BUY, maintain) - Rights issue price fixed at RM10.40

►    Results Note  – Bursa (HOLD, maintain) - Stronger derivatives market participation

►    Economy – Budget 2016 - A People Friendly Budget, but remaining prudent

►    Economy – CPI - September’s headline inflation eased further to 2.6% yoy

Outside Malaysia                                             

►    Stocks roar back as S&P 500 heads for best month in four years ►    US flash manufacturing PMI rose 54 in October ►    Falling prices meet weakening growth as ECB prepares action ►    BOE’s Governor says 4% of mortgage holders vulnerable to rate rise ►    China growth rate may fall below 7%, Premier Li says ►    China cuts interest rates as policy divergence with US widens ►    Oil caps biggest weekly loss since august as supply glut deepens