Morning News - 16 May 2016 - GENT / ECONOMY - GDR & BOP

Today’s Highlights

►    Company Update – Genting (HOLD, maintain) - More bad debts in Singapore

►    Economy  – GDP & BOP 1Q16 - Real GDP growth slowed to 4.2% yoy in 1Q16

Outside Malaysia            

►    S&P 500 index falls to one-month low amid data, retailer results

►    Consumer sentiment in US jumps to highest level in a year

►    Retail sales rise most in a year, marking US consumer comeback

►    Euro area growth revised down slightly despite Germany

►    China’s economy grinds down a gear as heavy industry drags

►    Hong Kong’s economy unexpectedly contracts in first quarter

►    Bank of Korea holds rate, flags risk from corporate overhaul

►    Oil trims weekly gain as surplus persists despite supply losses