Monday, 5 November 2012

Kenanga Today - 5 Nov 2012


NEWS HIGHLIGHTS
l Dijaya eyes ties with Mah Sing (Comment is included in Kenanga Today)
l CIMB keen to offer sukuk in Australia
l Prospectus says AirAsia X to sell 790.12m shares to reduce debt
l AirAsia X says KLIA2 switch will make it stronger
l UEM Land plans to build "Auto City" in Nusajaya
l IJM Land to introduce phase two of Shng Villas Project

FOREIGN NEWS HIGHLIGHTS
l Berkshire profit climbs 72% on derivatives, railroad
l MetLife to sell mortgage portfolio to JPMorgan
l Nestle: Pfizer baby food deal cleared by Chinese authorities

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Asia
l Spending Bumps Up S. Korea’s Total Debt
l China’s Non-Manufacturing Industries Signal Rebound Ahead

USA

l US Economy Adds 171,000 New Jobs
l Payroll Growth Shows U.S. Labor Market Healing Before Election
l Factory Orders Rise By Most Since March 2011

Europe
l UK Construction Activity Still Weak, PMI Survey Shows

Currencies
l Dollar Rallies As Jobs Data Spur QE Doubts

Commodities

l Oil FallsAs U.S.Acts To Boost East Coast Fuel Supply
l Gold Down 2%5 After Strong US Nonfarm Payrolls

Source: Kenanga

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