Dow Jones: 19,549.62 pts (+297.84pts, +1.55%)
U.S. stockmarkets advanced to close at record high as the Dow jumped 1.6% to close at 19,251.78 pts after the selloff in bonds faded.

FBM KLCI: 1,632.47 pts (+2.74pts, +0.17%)
Tracking the positive momentum across global stockmarkets, the FBM KLCI extended its gains to one-month high yesterday. The immediate resistance level is located around the 1,640-1,650 levels.

Crude Palm Oil: RM3,142 (-RM41, -1.29%)
Crude palm oil retreated on potential slowdown in demand from India. The RM3,200 level will serve as the next resistance level.

WTI Crude Oil: $49.77 (-$1.16, -2.29%)
Crude oil prices extended its losses to close marginally below the US$50 per barrel level on high inventory data from US. Crude oil prices might trend towards the US$55-US$60 levels.

Gold: $1,173.98 (+$4.13, +0.35%)
Gold prices rebounded after bond yields decline. The US$1,150 level will serve as the immediate support level.

Economic Releases:
JP - Japan's 3Q2016 GDP Growth Rate - 8 Dec 16, 7.50AM
EU - Eurozone's Interest Rate Decision - 8 Dec 16, 8.45PM

Bursa Malaysia Trade Statistics - 7 Dec 16
Institutions:  Net BUY 83.2 mln (61.5%)
Retail:  Net SELL 5.2 mln (11.4%)
Foreign:  Net SELL 78.0 mln (27.1%)

Potential Momentum Stocks - 8 Dec 16 
Stock Name: ANNJOO (6556)
Entry: Buy above RM2.04
Target: RM2.23 (9.3%), RM2.40 (17.6%)
Stop: RM1.97 (-3.4%)
Shariah: No
Technical: Short-term consolidation breakout

Stock Name: SENDAI (5205)
Entry: Buy above RM0.54
Target: RM0.59 (9.3%), RM0.615 (13.9%)
Stop: RM0.505 (-6.5%)
Shariah: Yes
Technical: Bullish engulfing candle

Source: Bloomberg, M+ Online

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