Kenanga Today - 9 July 2012

NEWS HIGHLIGHTS

- Petra Energy in talks on RSC job (Commentsincluded into Kenanga Today)

-Coastal Energy signs contract with Petronas

- FGV sets in motion its 100-day plan

- Felda Global units also eye cross-border expansion

- Maxis introduces enhanced home wireless internet plans

- Zelan wins 23-year concession deal for IIUM campus

- Malakoff delays IPO to 2013

- Bursa Malaysia enhances trading system

FOREIGN NEWS HIGHLIGHTS

- Virgin Atlantic plans Moscowflights using surrendered BA slots

- Hong Kong fund snaps up Jordan Dubai Capital

ECONOMIC NEWSHIGHLIGHTS (MACRO BITS)

Global

- Christine Lagarde: IMF To Cut Global Growth Forecast

- World Business Confidence Cools, U.S. A Bright Spot

Asia

- China May Miss 2012 Trade Growth Target: VicePremier

- Japan Could Run Out Of Cash By October:Minister

North America

- June Job Creation At 80,000; Rate Holds Steady At 8.2%

- Surprise Fall In Canada's Unemployment Rate In June

Europe

- Italy Approves Deep Cuts In National Spending

- Italy's GDP Will Shrink 2% In 2012

- UK Producer Prices Fall 0.4% In June

- UK Cuts £6.7bn More Than Planned

Currencies

- U.S. Dollar Hits 2-Year High Vs. Euro After Jobs

Commodities

- Oil FallsAs U.S.Jobs Data Disappoints

- Gold Slides On Deflation Worry After US Jobs Data

 Source: Kenanga