FKLI

NEW YORK, June 26 (Reuters) - Major U.S. stock indexes bounced back on Tuesday, but trading was light with the outlook clouded by doubts before yet another summit to tackle the European debt crisis.

U.S. stocks partly recovered from losses of more than 1 percent on Monday, led by housing shares after stronger-than-expected data on home prices.

The consumer discretionary sector was the top gainer on the S&P 500, followed by energy shares, which were boosted by a 2.3 percent jump in Brent crude prices.

Traders remained cautious as Spanish short-term borrowing costs nearly tripled and U.S. consumer confidence fell in June to its lowest level in five months.

Malaysian shares may recover from Tuesday’s losses following Wall Street’s slight gain due to encouraging U.S. housing data. Analysts say the benchmark KLCI will attempt to cross the 1600 psychological   level again and tips a 1590 – 1610 range.