Dow Jones: 17,938.28 pts (+17.95pts, +0.10%)
After the Dow traded towards the intra-day high near the psychological level of 18,000, the key index pulled back and ended flat for the day led by declining health-care and bank shares. 

FBM KLCI: 1,660.62 pts (+11.63pts, +0.71%)
Following the technical rebound move above the 1,630 level towards the resistance of 1,660, the FBM KLCI may be due for a mild profit taking activities over the near term. 

Crude Palm Oil: RM2,599 (-RM61, -2.29%)
Crude palm oil prices headed for the biggest one-day decline after the recent rally over the past two weeks on the back of a stronger Ringgit.

WTI Crude Oil: $50.36 (+$0.71, +1.43%)
WTI crude oil closed above the US$50 for the time since July 2015 as U.S. stockpiles fell 3.6 mln barrels last week, according to American Petroleum Institute.

Gold: $1,243.81 (-$1.46, -0.12%)
Gold snapped a two-day gain as China, the world's top consumer of the metal is holding back from adding bullion to its reserves, fuelling concerns on the weakening physical demand for gold.

Economic Releases:
US - MBA US Mortgage Market Index - 8 Jun 16, 7:00PM

Bursa Malaysia Trade Statistics - 07 Jun 16
Institutions:  Net SELL 43.0 mln (58.5%)
Retail:  Net SELL 50.8 mln (14.6%)
Foreign:  Net BUY 93.8 mln (26.9%)

Potential Momentum Stocks - 08 Jun 16 
Stock Name: EG (8907)
Entry: Buy above RM0.89
Target: RM0.95 (6.7%), RM1.03 (15.7%)
Stop: RM0.86 (-3.4%)
Technical: Gapped up

Stock Name: SAPIND (7811)
Entry: Buy above RM1.03
Target: RM1.14 (10.7%), RM1.24 (20.4%)
Stop: RM0.96 (-6.8%)
Technical: Breakout above RM1.03

Source: Bloomberg, M+ Online

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