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U.S mkt :
U.S stocks closed yesterday for Martin Luther King Day Holiday.
European mkt :
European stocks ended slightly lower with light volume on Monday after news that ECB was scrutinizing some non performing loans.
Gold :
Gold prices swung btw small gains and losses on monday as trade volumes remained light with U.S mkt closed for Martin Luther King Jr. Holiday.
Crude oil :
Crude oil prices rebound slightly after slump to 2003 low of below $28 per barrel as mkt anticipated a rise in Iranian exports after the lifting of sanctions agst Tehran over weekend.
M'sia mkt :
Bursa mkt ended lower on Monday in line with sluggish Asian mkt due to disappointing US sales data and continuing slide in crude oil prices.
Crude palm oil :
M'sia palm oil prices rose on Monday on improved Chinese Daliam soybean oil performance and firm physical pricing.
Today's economic event :
* China's GDP q/y
* China's Industrial production y/y
* U.K CPI y/y
* German Zew Economic Sentiment
Newsflow :
* HapSeng : to buy China firm from Chairman
* MBSB : gets more time to negotiate on merger with Bank Muamalat
* Boustead : to raise up to rm1.05bil through rights issue
* Abric : plans cash distribution of 43sen
* PLB : buys Penang Property developer for RM23.5m
Dax : 9521.85 (-23.42)
FTSE 100 : 5779.92 (-24.18)
Gold : 1089 (-1)
Crude oil : 30.09 (+0.49)
KlCI : 1622.64 (-5.91)
FCPO : 2469 (+5)
USD/MYR : 4.40
M'sia 10 yr bond yield : 4.156%
U.S 10 yr bond yield : 2.037%
Monday 's bursa trade stat (RM) :
Local institution (55.5%) : net BUY 284.1mil
Retail (23.5%) : net BUY 6.1mil
Foreign (21%) : net SELL 290.2mil