Dow Jones: 18,253.85 pts (-54.30pts, -0.30%)
U.S. stockmarkets retreated overnight as the Dow reversed most of its previous session gains after the stronger-than-expected manufacturing data boosted the odds of interest rate hike. The immediate support on the Dow will be located around the 18,000 level.

FBM KLCI: 1,652.55 pts (-17.09pts, -1.02%)
After the FBMKLCI endured a round of heavy selling pressure on last Friday, the key index could experience further profit taking activities due to the global economy uncertainty. Downside risk is pegged to the 1,640 level.

Crude Palm Oil: RM2,636 (+RM20, +0.76%)
Crude palm oil price rebounded off the 2,600 psychological level on weaker inventory data. The immediate support is pegged near the RM2,500 level over the near term.

WTI Crude Oil: $48.81 (+$0.70, +1.45%)
Crude oil rose for the fourth straight session, buoyed by optimism over OPEC agreement to curb production output. Crude oil may head towards the US$50 level.

Gold: $1,311.60 (-$2.98, -0.23%)
Gold retreated for the fifth straight session after major gold miners in Mexico closed production.

Economic Releases:
Japan - Consumer Confidence - 4 Oct 16, 1.00PM
Eurozone - Eurozone's August PPI Index - 4 Oct 16, 5.00 PM

Bursa Malaysia Trade Statistics - 3 Oct 16
Institutions:  Net BUY 231.7 mln (57.9%)
Retail:  Net BUY 34.5 mln (13.2%)
Foreign:  Net SELL 266.2 mln (28.9%)

Potential Momentum Stocks - 4 Oct 16 
Stock Name: RUBEREX (7803)
Entry: Buy above RM0.80
Target: RM0.835 (4.4%), RM0.865 (8.1%)
Stop: RM0.785 (-1.9%)
Shariah: Yes
Technical: Potential sideways consolidation breakout

Stock Name: CBIP (7076)
Entry: Buy above RM2.05
Target: RM2.18 (6.3%), RM2.34 (14.1%)
Stop: RM1.98 (-3.4%)
Shariah: Yes
Technical: Sideways consolidation breakout

Source: Bloomberg, M+ Online

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