KUALA LUMPUR (April 8): The FBM KLCI and ringgit may today take the cue from overnight crude oil and US equity losses as investors anticipate Malaysian corporate financials for the January-to-March quarter.

1Malaysia Development Bhd (1MDB) will also be closely watched as global investors evaluate the impact of the Public Accounts Committee (PAC) report findings on the company.

The PAC report includes the auditor-general's (AG) findings on government-owned 1MDB. 1MDB, in response to the PAC and AG findings, said the report had identified weaknesses in 1MDB's governance and decision-making.

Yesterday, the KLCI rose 7.28 points or 0.4% to close at its intraday high at 1,724.29 as the ringgit strengthened with crude oil prices. The ringgit strengthened to 3.9158 against the US dollar.

LPI Capital Bhd reported that its net profit rose to RM65.39 million in the first quarter ended March 31, 2016 from RM57.2 million a year earlier. The insurer said revenue was higher at RM320.56 million from RM291.73 million.

In overnight US share markets, Dow Jones Industrial Average fell 0.98%, S&P 500 dropped 1.2% while Nasdaq Composite was 1.47% lower.

Crude oil prices fell. Brent crude oil fell 41 cents to US$39.43 a barrel while US oil was 49 cents lower at US$37.26.

Reuters reported that US stocks dropped on Thursday as oil prices slid and worries about the global economy resurfaced, dragging down the dollar against the yen and causing investors to flee riskier assets.