Dow Jones: 17,873.22 pts (+44.93pts, +0.25%)
U.S. and U.K. stockmarkets were closed for holiday. Meanwhile, French 1Q GDP grew at a pace of 0.6% Q.o.Q vs estimated figure of 0.5% and Swedish 1Q GDP rose 0.5% Q.o.Q vs 0.6% estimate.

FBM KLCI: 1,629.87 pts (-7.32pts, -0.45%)
The FBM KLCI was unable to sustain its move above the 1,630 level. Also, profit taking activities were noted across the board. 

Crude Palm Oil: RM2,600 (+RM41, +1.60%)
Crude palm oil prices recovered and retesting the RM2,600 psychological level amid weaker Ringgit, coupled with gains in Dalian markets.

WTI Crude Oil: $49.33 (-$0.15, -0.30%)
WTI crude oil continues to trend sideways ahead of the OPEC meeting this week in Vienna. Resistance is located around US$50.

Gold: $1,204.95 (-$7.43, -0.62%)
Gold prices could have found some near term support around the US$1,200 level, price may rebound towards the resistance of US$1,220.

Economic Releases:
Eurozone - Eurostat Eurozone Core MUICP - 31 May 16, 4:00PM
Eurozone - Eurostat Unemployment Eurozone - 31 May 16, 5:00PM
US - S&P/Case-Shiller Composite-20 City Home Price Index - 31 May 16, 9:00PM
US - MNI Chicago Business Barometer - 31 May 16, 9:45PM

Bursa Malaysia Trade Statistics - 30 May 16
Institutions:  Net BUY 169.6 mln (55.7%)
Retail:  Net BUY 7.8 mln (16.0%)
Foreign:  Net SELL 177.4 mln (28.3%)

Potential Momentum Stocks - 31 May 16 
Stock Name: TEXCYCL (0089)
Entry: Buy above RM1.17
Target: RM1.38 (17.9%), RM1.48 (26.5%)
Stop: RM1.10 (-6.0%)
Technical: Pennant breakout

Stock Name: CAELY (7154)
Entry: Buy above RM0.565
Target: RM0.62 (9.7%), RM0.64 (13.3%)
Stop: RM0.535 (-5.3%)
Technical: Short term breakout

Source: Bloomberg, M+ Online

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