Dow Jones: 17,529.98 pts (-180.73pts, -1.02%)
Once again, selling interest re-emerged and Wall Street retreated led by utilities sector as consumer staples dropped by the most since January amid speculation that the Fed will be raising the interest rate in the month of June. 

FBM KLCI: 1,633.39 pts (+12.18pts, +0.75%)
With the rebound move yesterday above the 1,630 level on the FBM KLCI yesterday, mild buying interest may lift the key index towards the 1,650-1,660 levels. Meanwhile, support will be pegged around 1,610.

Crude Palm Oil: RM2,600 (+RM13, +0.50%)
CPO climbed near the RM2,600 level on the back of soybean and crude oil prices rally. CPO may retest the RM2,700 level over the near term.

WTI Crude Oil: $48.31 (+$0.59, +1.24%)
WTI crude oil continues to rally towards highest closing price in seven months before the release of data on crude inventories. According to a Bloomberg survey, inventories should drop by 3.5 mln barrels. 

Gold: $1,278.95 (+$4.79, +0.38%)
Gold rose for the third straight session on the back of concerns over China's debt issue amid slowing global growth.

Economic Releases:
Eurozone - Euro Area MUICP All Items - 18 May 16, 5:00PM
US - MBA US US Mortgage Market Index - 18 May 16, 7:00PM

Bursa Malaysia Trade Statistics - 17 May 16
Institutions:  Net BUY 152.4 mln (57.2%)
Retail:  Net SELL 19.7 mln (17.8%)
Foreign:  Net SELL 132.7 mln (25.0%)

Potential Momentum Stocks - 18 May 16 
Stock Name: LIIHEN (7089)
Entry: Buy above RM2.53
Target: RM2.80 (10.7%), RM3.00 (18.6%)
Stop: RM2.40 (-5.1%)
Technical: Potential resistance breakout

Stock Name: HHGROUP (0175)
Entry: Buy around RM0.42
Target: RM0.46 (9.5%), RM0.485 (15.5%)
Stop: RM0.40 (-4.8%)
Technical: Resistance breakout

Source: Bloomberg, M+ Online

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