► Strategy – KLCI (POSITIVE, maintain) - Waiting for the tide to turn

Today’s Highlights

►    Strategy – KLCI (POSITIVE, maintain) - Waiting for the tide to turn

►    Economy – Foreign Reserves - Reserves stood at US$97.5bn as at end-August

Quick bites            

►    CIMB: Vietnam banking operating licence granted by the State Bank of Vietnam

►    Tenaga: Signed 21-year PPA for Project 4A with SIPP

Outside Malaysia            

►    Hedge funds ignore Wall Street wisdom buying up S&P 500 futures

►    US services industries expand at weakest pace in six years

►    Euro region growth bolstered by exports as investment stalls

►    Schaeuble says German budget means stability in uncertain times

►    German factory orders undershoot forecast as momentum cools

►    Australia keeps key rate at record low in Stevens’s swansong

►    China plans stronger fiscal policy, more infrastructure spending

►    Brent oil declines as Saudi-Russia deal falls short of a freeze