U.S. Stocks Advance On Europe As Earnings Beat Estimates: as German Chancellor Angela Merkel's government backed the European Central Bank's bond-buying plan and earnings beat forecasts. About five stocks advanced for every three that fell on U.S. exchanges at 4 p.m. in New York. The S&P 500 (SPX) rose 0.2 percent to 1,394.23, gaining 2.1 percent in two days. The Dow Jones Industrial Average added
21.34 points, or 0.2 percent, to 13,117.51. Volume for exchangelisted stocks in the U.S. was 5.7 billion shares, or 15 percent below the three-month average.

European Stocks Rise Amid Greek, Troika Policy Talks: as Greece and its creditors agreed on the need to strengthen policy efforts to support economic growth. France's CAC 40 gained 0.8 percent, the U.K.'s FTSE 100 rose 0.4 percent, while
Germany's DAX jumped 0.8 percent.

Oil Rises With U.S. Equities As Germany Backs ECB Plan: as German Chancellor Angela Merkel's government backed the European Central Bank's bond-buying plan, adding to optimism that the region's debt crisis will ease. Oil for
September delivery increased 80 cents to $92.20 a barrel on the New York Mercantile Exchange, the highest settlement since July 19. Prices have climbed 19 percent since June 28, when they closed at the 2012 low of $77.69.

CORPORATE NEWS

JobStreet.com sees tight market: JobStreet.com's jobs outlook report for the third quarter of 2012 indicated that jobseekers are expected to have a tougher time seeking employment.

Asian currencies to trend higher: According to a Reuters report, the ringgit and the South Korean won led gains among emerging Asian currencies yesterday as better-than-expected US jobs and hopes for European action to ease the eurozone's
debt crisis spurred risk appetite.

Pavilion REIT posts second-quarter profit: Pavilion REIT also declared an income distribution comprising 3.28 sen per unit (taxable) and 0.08 sen per unit (non taxable) totalling 3.36 sen per unit.

Integrax net profit up on higher revenues: its revenue rose to RM22.2mil from RM21.4mil in the same corresponding period a year ago. Earnings per share increased to 3.65 sen in the second quarter from 3.12 sen previously.

Source:Jupiter Securities Research 07 August 2012