Dow Jones: 17,789.67 pts (+2.47pts, +0.01%)
U.S. stockmarkets ended marginally higher amid better-than-expected US May ISM manufacturing data, which stood at 51.3 (+0.5 M.o.M).

FBM KLCI: 1,626.50 pts (+0.50pts, +0.03%)
The FBM KLCI closed slightly higher, but is trending below the EMA9 level. The FBM KLCI may be due for a technical rebound above the 1,640 level.

Crude Palm Oil: RM2,598 (-RM22, -0.84%)
Crude palm oil prices trended lower in tandem with the pullback on soybean and crude oil, which the latter may dampen the biofuel outlook.

WTI Crude Oil: $49.01 (-$0.09, -0.18%)
Crude oil stayed flat for the day, trading between the range of US$46-US$50. Monitor for a breakout above US$50.

Gold: $1,212.98 (-$2.34, -0.19%)
Gold could be due for further technical rebound after being supported near the US$1,200 level. Next resistance will be set around US$1,220. 

Economic Releases:
Eurozone - Eurostat PPI Eurozone Industry - 2 Jun 16, 5:00PM
US - ADP National Employment Report - 2 Jun 16, 8:15M
US - US Initial Jobless Claims - 2 Jun 16, 8:30PM
US - US Continuing Jobless Claims - 2 Jun 16, 8:30PM

Bursa Malaysia Trade Statistics - 01 Jun 16
Institutions:  Net BUY 196.4 mln (54.9%)
Retail:  Net SELL 6.9 mln (13.5%)
Foreign:  Net SELL 189.5 mln (31.6%)

Potential Momentum Stocks - 02Jun16 
Stock Name: EVERGRN (5101)
Entry: Buy above RM1.16
Target: RM1.28 (10.3%), RM1.36 (17.2%)
Stop: RM1.11 (-4.3%)
Technical: Potential sideways breakout

Stock Name: FARMBES (9776)
Entry: Buy around RM0.80
Target: RM0.86 (7.5%), RM0.90 (12.5%)
Stop: RM0.76 (-5.0%)
Technical: Flag breakout

Source: Bloomberg, M+ Online

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