Dow Jones: 26,430.14 pts (-162.77pts, -0.61%)
U.S. stockmarkets took a beating as the Dow fell 0.6% after U.S. Federal Reserve leave its benchmark interest rates unchanged and hinted that there will be no rate cut to spur the slowing economy. The immediate resistance is located at 27,000.

FBM KLCI: 1,642.29 pts (+4.89pts, +0.30%)
The FBM KLCI (+0.3%) managed to edge higher after enduring a choppy trading session ahead of the mid-week Labour Day public holiday, boosted by gains in selected banking heavyweights. The immediate resistance is located at 1,645.

Crude Palm Oil: RM2,095 (-RM13, -0.62%)
Crude palm oil prices trended lower to extend its losses amid the sluggish demand outlook. The immediate support is located around RM2,100.

WTI Crude Oil: $63.60 (-$0.31, -0.48%)
Crude oil prices retreated after U.S. inventory level climbed to its highest level since 2017. The immediate resistance is located at US$67.

Gold: $1,276.76 (-$6.77, -0.53%)
Gold prices retreated as the U.S. Dollar advanced after the U.S. Federal Reserve made no changes to its interest rate policy. The immediate support is located around $1,250.

Economic Releases:
MY - Malaysia's Nikkei Manufacturing PMI, 8.30AM
CN - China's Caixin Manufacturing PMI, 9.45AM
JP - Japan's Consumer Confidence, 1.00PM
EU - Eurozone's Markit Manufacturing PMI, 4.00PM
UK - United Kingdom's Bank of England's Interest Rate Decision, 7.00PM
UK - United Kingdom's Bank of England's Quantitative Easing, 7.00PM
US - United States' Factory Orders, 10.00PM

Technical Trading Stocks - 2 May 19 
Stock Name: BAHVEST (0098)
Entry: Buy above RM0.645
Target: RM0.70 (8.5%), RM0.745 (15.5%)
Stop: RM0.60 (-7.0%)
Shariah: Yes
Technical: Trendline breakout

Stock Name: BAUTO (5248)
Entry: Buy above RM2.40
Target: RM2.47 (2.9%), RM2.55 (6.3%)
Stop: RM2.34 (-2.5%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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