Monday, 7 January 2013

Kenanga Today - 7 Jan 2013


NEWS HIGHLIGHTS
l Perdana Petroleum subsidiaries secure RM70.0m contracts
l Giant timber concession for Permaju
l CIMB Aviva suitors to be known this week
l Proton to invest up to RM2b to develop Proton City
l TH Heavy sets sights on RSC
l Tan to replace Tong at Dijaya
l Bursa queries Adventa on price surge
l MQ Tech reports suspected cash embezzlement

FOREIGN NEWS HIGHLIGHTS
l Air France-KLM in advanced talks for Alitalia: report
l Toyota plans no new plant construction until 2016

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Global
l Banks Win Watered Down Liquidity Rule After Basel Group Deal

Asia
l China To Boost Urban Transport As City Congestion Worsens

USA
l US Unemployment Rate Holds Steady In December At 7.8%
l Services In U.S.Expand At The Fastest Pace In 10 Months
l Orders To U.S.Factories Unchanged As Non-Durables Decrease
l US Car Sales Rise 13.4% To Hit Five-Year High

Europe
l UK Service SectorActivity FallsIn December
l Germany Retail Sales Higher In 2012
l Merkel Shifts Focus To Economy From Debt As State Election Nears

Currencies
l Dollar Cuts Into Weekly Rise After Jobs Data

Commodities
l Brent CrudeFalls, Demand Concerns Offset US Jobs Data
l Gold Drops But Pares Losses After U.S. Payrolls

Source: Kenanga

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