Dow Jones: 19,852.24 pts (+59.71pts, +0.30%)
Wall Street rebounded overnight as the Dow added 0.3% after the inflation rate in November rose 1.7% Y.o.Y - in line with economists' expectations whilst the weekly jobless claims fell.

FBM KLCI: 1,636.99 pts (-6.30pts, -0.38%)
The FBM KLCI extended its losses in tandem with regional indices after the U.S. Federal Reserve increased its interest rates by 25 basis points. The immediate support level is located around the 1,630 level.

Crude Palm Oil: RM3,161 (+RM66, +2.13%)
Crude palm oil prices advanced for the third straight session after the Ringgit weakened against the Greenback. The RM3,200 level will serve as the immediate resistance level.

WTI Crude Oil: $50.90 (-$0.14, -0.28%)
Crude oil prices ended marginally lower after U.S. crude inventory level increased . Crude oil prices might trend towards the US$55-US$60 levels.

Gold: $1,128.50 (-$14.45, -1.26%)
Gold prices extended its losses after the US Dollar climbs to 13-year high against a basket of currencies. The US1,100 will serve as the immediate support level.

Economic Releases:
EU - Eurozone's Inflation Rate - 16 Dec 16, 6.00PM

Bursa Malaysia Trade Statistics - 15 Dec 16
Institutions:  Net BUY 33.4 mln (61.5%)
Retail:  Net BUY 14.8 mln (11.7%)
Foreign:  Net SELL 48.2 mln (26.8%)

Potential Momentum Stocks - 16 Dec 16 
Stock Name: MBSB (1171)
Entry: Buy above RM0.910
Target: RM0.96 (5.5%), RM1.00 (9.9%)
Stop: RM0.87 (-4.4%)
Shariah: No
Technical: Monitor for breakout

Stock Name: DUFU (7233)
Entry: Buy above RM0.735
Target: RM0.80 (8.8%), RM0.90 (22.4%)
Stop: RM0.685 (-6.8%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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