Dow Jones: 17,787.20 pts (-86.02pts, -0.48%)
Wall Street resumed trading and ended lower as investors continue to digest mixed bags of economic data. U.S. May Dallas Fed Manufacturing stood at -20.8 vs estimates of -8.0, while U.S. May Consumer Confidence Fell to 92.6. Meanwhile, S&P/Case-Shiller 20-City Home Prices rose 5.43% Y.o.Y.

FBM KLCI: 1,626.00 pts (-3.87pts, -0.24%)
The FBM KLCI extended another day of pullback amid foreign selling and MSCI Index rebalancing. Support will be pegged around the 1,600 level.

Crude Palm Oil: RM2,620 (+RM20, +0.77%)
Crude palm oil prices traded higher as biodiesel mandate will be raised to B10 from B7 from June onwards in Malaysia.

WTI Crude Oil: $49.10 (-$0.21, -0.42%)
Again, crude oil prices ended lower after hitting the resistance of the US$50 level as traders were cautious ahead of the OPEC meeting in Vienna this Thursday.

Gold: $1,215.32 (+$8.74, +0.73%)
Selling pressure fizzled off and buying interest picked up after the price hit the support of US$1,200 level, snapping its longest selloff in more than a year as U.S. consumer confidence unexpectedly fell and manufacturing data weakened. 

Economic Releases:
China - China Manufacturing PMI - 1 Jun 16, 9:00AM
China - China Non-Manufacturing PMI - 1 Jun 16, 9:00AM
Eurozone - Markit Eurozone Manufacturing - 1 Jun 16, 4:00PM
US - Markit US Manufacturing PMI - 1 Jun 16, 9:45PM
US - ISM Manufacturing PMI - 1 Jun 16, 10:00PM

Bursa Malaysia Trade Statistics - 31 May 16
Institutions:  Net BUY 556.2 mln (27.6%)
Retail:  Net BUY 40.8 mln (5.0%)
Foreign:  Net SELL 597.0 mln (67.4%)

Potential Momentum Stocks - 01 Jun 16 
Stock Name: WZSATU (7245)
Entry: Buy above RM1.12
Target: RM1.28 (14.3%), RM1.36 (21.4%)
Stop: RM1.03 (-8.0%)
Technical: Resistance breakout

Stock Name: MINHO (0179)
Entry: Buy around RM1.44
Target: RM1.54 (6.9%), RM1.67 (16.0%)
Stop: RM1.39 (-3.5%)
Technical: Sideways consolidation breakout

Source: Bloomberg, M+ Online

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