· Wall Street rose a tad higher on overnight trading, the DOW +0.3%, S&P +0.33% and NASDAQ +0.52% led by gains in the tech sector as Apple Inc. rebounded following its worst drop in four years.
· US jobless claims fell more than expected by 25k to 370k, while Germany’s factory orders grew above expectation by 3.9% momsa in Oct.
· ECB and BOE kept their benchmark interest rate unchanged at 0.75% and 0.50% respectively, with the ECB downgrading their 2013 GDP projection to a range of -0.9% to 0.3%
· The euro weakened against all 16 major peers as ECB President Mario Draghi said there was a “wide discussion” on interest rates.
· China’s growth rebound, forecast to have gathered pace in November, is bypassing smaller businesses in a sign the government may need to step up policy support to secure a more broad-based recovery
· KLCI inched higher on Thursday and may remain supported towards the end of the week, driven also by gains in Wall Street overnight.
· USD/MYR rose above 3.0500 level with some short covering of the pair and the ringgit weakens ahead of today’s release of export data
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