► Results Note – Tenaga (BUY, maintain) - Focusing on the downside

Today’s Highlights

►     Results Note – Tenaga (BUY, maintain) - Focusing on the downside

Outside Malaysia            

►    US equities climb as S&P 500 at record on material stock rally

►    Existing US home sales fell in December, but 2016 best in decade

►    US budget deficit expected to remain largely unchanged in 2017

►    Euro area starts 2017 on strong note as price pressures build

►    UK budget deficit narrows, keeping Hammond on fiscal target

►    China raises medium-term lending rates in tightening signal

►    Korea’s growth slowed in fourth quarter last year

►    Oil pares gain after crude, fuel supplies rise in industry data