Sector Update – Banking (OVERWEIGHT, maintain) - Another month of weak loan growth; 2H16 to pick up

Today’s Highlights

►    Sector Update – Banking (OVERWEIGHT, maintain) - Another month of weak loan growth; 2H16 to pick up

►    Economy – ASEAN Outlook – Weekly Wrap- Indonesia fiscal deficit revised higher to 2.35% of GDP

Outside Malaysia            

►    US stocks rise as policy makers signal steps to counter Brexit

►    Jobless claims in US increased by 10,000 last week to 268,000

►    ECB said to weigh looser QE rules as Brexit cuts asset pool

►    Euro area inflation rate turned positive before Brexit vote

►    German unemployment declined before Britain’s shock leave vote

►    Taiwan cuts key rate for fourth meeting amid Brexit overhang

►    Japan’s industrial production drops much more than forecast

►    Oil pares biggest quarterly gain since 2009 amid rebalancing