Sector Update – Plantation (NEUTRAL, maintain) - Inventory fell to the lowest level in 67 months

Today’s Highlights

►    Sector Update – Plantation (NEUTRAL, maintain) - Inventory fell to the lowest level in 67 months

Quick Bites            

►    Axiata: Said to seek buyers for US$700m of overseas holdings

Outside Malaysia            

►    US stocks sink as market turmoil resumes

►    US households’ income shows biggest jump since recession

►    German ZEW investor confidence unchanged as Brexit risks persist

►    Italy industry output exceeds outlook, prompting growth hope

►    UK inflation holds at 0.6% as import price pressures build

►    China's economy strengthened as factory output, retail perk up

►    Brazil posts worst July retail sales performance in 15 years

►    Oil declines as IEA says surplus will last longer than expected