Thursday, 3 January 2013

Kenanga Today - 3 Jan 2013


NEWS HIGHLIGHTS
l KEuro seals West Coast Expressway concession deal
l Pacific Mutual declares RM16.6m income distributions for 3 funds
l Felda Global appoints new CEO
l Maybank gets another 6 months to sell down BII stake
l Passenger movement up 10% in November at MAHB's airports
l Formis fully redeemed notes

FOREIGN NEWS HIGHLIGHTS
l SunPower inks USD2.5b deal with Buffett utility
l Thai billionaire extends deadline for F&N offer

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Asia
l Indonesia Inflation Slows A Second Month
l Thailand Inflation Quickens To 13-Month High On Food Prices

USA
l US Manufacturing Beats Estimate; Construction Spending Falls

Europe
l Euro-Area December Manufacturing Shrinks More Than Estimated
l U.K. Manufacturing Revives As Euro Factories Struggle

Currencies
l Dollar Turns Up On ‘Cliff’ Deal

Commodities
l Brent Crude Rises On Fiscal Deal, Hits 11-Week Highs
l Gold Up After U.S.Budget Deal But Seen Vulnerable

Source: Kenanga

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