FKLI Related News (Fri, Apr 5)

NEW YORK, April 4 (Reuters) - U.S. stocks ended slightly higher on Thursday after the Bank of Japan announced aggressive, market-lifting policies to jump-start its economy, but weak U.S. jobs data capped gains. The BOJ's surprisingly dramatic stimulus plan came along with supportive comments from European and Federal Reserve officials, suggesting central bank policies will keep underpinning the world's economy to the benefit of stocks. The iShares MSCI Japan Index exchange-traded fund jumped 4 percent to $10.89, while U.S.-listed shares of Toyota Motor climbed 4.7 percent to $105.63 and WisdomTree Japan ETF jumped 7.5 percent to $43.88. The financial sector was among the best performing, with the S&P 500 financial index up 0.9 percent.

A report on Wednesday showed U.S. companies hired at the slowest pace in five months in March. The Dow Jones industrial average was up 55.76 points, or 0.38 percent, at 14,606.11. The Standard & Poor's 500 Index gained 6.29 points, or 0.40 percent, at 1,559.98. The Nasdaq Composite Index was up 6.38 points, or 0.20 percent, at 3,224.98. The S&P 500 is up 9.4 percent since the start of the year. Shares of Facebook rose 3.1 percent to $27.07 in heavy volume after it unveiled a new family of phone applications that will let users display mobile versions of their newsfeed and messages on the home screen of a wide range of devices based on Google's Android system. Analysts said the move could divert users from Google's services. Its shares fell 1.4 percent to $795.07.

The jobless claims data was the latest bit of disappointing economic news. Jobless claims jumped to 385,000 in the latest week, confounding expectations that claims would drop by 7,000 to 350,000. Friday's Labor Department report is expected to show 200,000 jobs were created last month, according to a Reuters survey. The unemployment rate is expected to remain at 7.7 percent.

Stocks on Bursa Malaysia continued to see-saw between negative and positive territory for the second day yesterday with the outcome of the 13^th general election (GE) weighing on the minds of investors. The FBM KLCI touched an intra-day high of 1,700.55 before falling back to finish the morning session at 1,685.19, but managed to regain some ground at the closing bell to end the day in positive territory at 1,688.46. FKLI spot month contract opened slightly higher this morning at 1,684.50 following modest gains in U.S. stocks after Bank of Japan unleashes massive stimulus plan.

Today’s Support and Resistance for April contract is located around 1,660 and 1,690 respectively.