Dow Jones: 17,949.37 pts (+19.38pts, +0.11%)
U.S. stockmarkets were closed for the Independence Day public holiday. Meanwhile, European stockmarkets halted their third consecutive winning streak, dragged down by financial and homebuilder shares

FBM KLCI: 1,654.84 pts (+8.62pts, +0.52%)
The FBM KLCI started off the week on a strong footing ahead of the Hari Raya break. Resistance will be envisaged around 1,660.

Crude Palm Oil: RM2,401 (+RM42, +1.78%)
CPO continues to trend higher and closed above the RM2,400 psychological level, owing to the weaker-than-expected output. Price might continue to recover towards RM2,450.

WTI Crude Oil: $48.99 (+$0.68, +1.40%)
Crude oil stayed sideways between the US$46-US$50 levels over the past three weeks. Monitor for a breakout above US$50 over the near term. 

Gold: $1,350.79 (+$9.75, +0.73%)
Gold prices recorded its fourth straight days of gains as demand for safe haven assets increased. It may retest the US$1,400 level over the near term.

Economic Releases:
China - Caixin China Services PMI Business - 5Jul16, 9:45AM
Eurozone - Markit Eurozone Services PMI Services - 5Jul16, 4.00PM
Eurozone - Markit Eurozone Composite PMI Services - 5Jul16, 4.00PM

Bursa Malaysia Trade Statistics - 04Jul16
Institutions:  Net SELL 142.8 mln (60.2%)
Retail:  Net SELL 26.0 mln (14.6%)
Foreign:  Net BUY 168.8 mln (25.2%)

Potential Momentum Stocks - 05Jul16 
Stock Name: KIMLUN (5171)
Entry: Buy above RM1.84
Target: RM1.96 (6.5%), RM2.00 (8.7%)
Stop: RM1.77 (-3.8%)
Technical: Flag-formation breakout

Stock Name: BIOHLDG (0179)
Entry: Buy above RM0.39
Target: RM0.405 (3.8%), RM0.45 (15.4%)
Stop: RM0.375 (-3.8%)
Technical: Breakout-Pullback-Continuation pattern

Source: Bloomberg, M+ Online

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