Dow Jones: 18,491.96 pts (+72.66pts, +0.39%)
Despite weaker-than-expected jobs growth in the month of August, the Dow managed to end higher above the EMA20 level. US August payrolls added 151,000, while the jobless rate stood at 4.9%.

FBM KLCI: 1,671.79 pts (+1.24pts, +0.07%)
The FBM KLCI is regaining mild momentum after hovering near the EMA60 level. However, upside is likely to be capped around the 1,680 level over the near term.

Crude Palm Oil: RM2,595 (+RM75, +2.98%)
Crude palm oil rebounded strongly after revisiting the RM2,500 level on the back of weaker Ringgit, coupled with improving demand.

WTI Crude Oil: $44.44 (+$1.28, +2.95%)
Crude oil rebounded above the US$44 level and further technical rebound might be seen towards the US$46 level ahead of the informal talks to discuss a potential agreement with major exporters. 

Gold: $1,325.21 (+$11.32, +0.86%)
Gold extended its short term recovery above the US$1,300 level following the slower-than-expected jobs data. Immediate resistance will be pegged around US$1,350.

Economic Releases:
China - Caixin China Services PMI - 5Sep16, 9:45AM
Eurozone - Markit Eurozone Services PMI - 5Sep16, 4:00PM

Bursa Malaysia Trade Statistics - 2Sep16
Institutions:  Net BUY 66.4 mln (58.5%)
Retail:  Net SELL 22.3 mln (17.9%)
Foreign:  Net SELL 44.1 mln (23.6%)

Potential Momentum Stocks - 5Sep16 
Stock Name: LUXCHEM (5143)
Entry: Buy around RM1.70
Target: RM1.80 (5.9%), RM1.92 (12.9%)
Stop: RM1.64 (-3.5%)
Shariah: Yes
Technical: Short term breakout

Stock Name: MBSB (1171)
Entry: Buy around RM0.845
Target: RM0.93 (10.1%), RM0.97 (14.8%)
Stop: RM0.81 (-4.1%)
Shariah: No
Technical: Price surged above EMA120

Source: Bloomberg, M+ Online

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