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Published: Tuesday September 18, 2012 MYT 8:55:00 AM
Updated: Tuesday September 18, 2012 MYT 9:17:01 AM

Malaysia-Market factors to watch today(Tuesday)

KUALA LUMPUR: Following is a list of events in Malaysia as well as news company-related and market news which could have an influence on the local market.

GLOBAL MARKETS-Stocks, euro dip; oil falls in volatile trading

SE Asia Stocks-End off highs; commodities outperform after Fed stimulus

WHAT IS HAPPENING IN MALAYSIA, IN TIMES LOCAL FOLLOWED BY GMT:

>Bank Negara hosts 3rd Global Islamic Finance Forum (GIFF) at Sasana Kijang, Bank Negara Malaysia at 0900 (0100). (Sept 18-20).

>Press advisory case management of Civil Suit by the Government against Bersih 2.0 Steering Committee at NCVC 1, High Court, Jalan Duta, Kuala Lumpur at 1430pm (0630)

MARKET NEWS > Japan's Nikkei dips as China-related firms fall > Wall St closes lower after rally as oil prices drop > Prices rebound from Friday's sharp sell-off > Dollar hovers near multimonth lows despite drop in crude > Gold down but outperforms crude in commods sell-off > Oil plunges in rapid afternoon selloff, CFTC looking into trades > Rising stocks to drag on palm oil futures

MALAYSIA IN THE NEWS: > Turkmens says building of new oil refinery to start 2015 > Malaysia charts faster sukuk growth in first half of 2012 > Malaysia's Sept 1-15 palm oil exports up 12.1 pct -ITS > Malaysia sees little El Nino risk so far to palm oil > Maybank prices US$800m notes at 3.25 pct > "Momentum" but no deadline in Trans-Pacific trade talks-US - Reuters

VEGOILS-Market factors to watch today(Tuesday)

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday.

FUNDAMENTALS * Malaysian palm oil futures rose on Friday after the U.S. Federal Reserve kicked off a third round of quantitative easing to stimulate its economy and as investors took up positions ahead of a long weekend.

* U.S. soybean futures tumbled the daily trading limit on Monday, posting their biggest percentage drop in nearly a year on selling sparked by anecdotal accounts of better-than-expected harvest yields in the Midwest farm belt.

* Oil fell nearly $3 on Monday in a wild session that saw Brent plunge more than $5 a barrel in a wave of late, high-volume selling before paring losses as markets sought an explanation for the sudden crash.

MARKET NEWS * Stocks in the United States and Europe on Monday gave back some of last week's huge gains as investors began to question whether recent action by both the European Central Bank and Federal Reserve would be enough to revive global economic growth.

* Commodity markets tumbled on Monday, as investors worried about the demand outlook for oil, metals and grains after weeks of rising prices built on optimism over economic stimulus in the United States and Europe.

RELATED NEWS > Hedge funds plow into commodities just before QE3 -CFTC > Malaysia's Sept 1-15 palm oil exports up 12.1 pct -ITS > US sets 1.28 bln gal biodiesel mandate, a "moderate" increase - Reuters

DIARY - Malaysia

ALL TIMES ARE PROVISIONAL AND IN LOCAL TIME FOLLOWED BY GMT IN BRACKETS

TUESDAY, SEP 18

KUALA LUMPUR - Bank Negara hosts 3rd Global Islamic Finance Forum (GIFF) at Sasana Kijang, Bank Negara Malaysia. (Sept 18-20).

* KUALA LUMPUR - Launch of programme Kenali Anak Kita Petronas at Matrade Exhibition and Convention Centre, Menara Matrade, Jalan Khidmat Usaha, Off Jalan Duta, Kuala Lumpur at 0915am (0115).

* KUALA LUMPUR - Proposed interview with Kamel Hajri, Head of Islamic Finance Business Development, Bloomberg at Sasana Kijang, Bank Negara Malaysia, Kuala Lumpur at 0930am (0130).

* KUALA LUMPUR - Press advisory case management of Civil Suit by the Government against Bersih 2.0 Steering Committee at NCVC 1, High Court, Jalan Duta, Kuala Lumpur at 1430pm (0630).

WEDNESDAY, SEP 19

KUALA LUMPUR - Release of Aug 2012 Consumer Price Index at 1700pm (0900).

* KUALA LUMPUR - Perdana leadership foundation CEO forum 2012- "Malaysia in the New Global Contex-Realising Malaysia's True Potential" at Berjaya Times Square Convention Centre, Kuala Lumpur at 0830am (0030).

* KUALA LUMPUR - Bank Islam Malaysia Bhd launches 'Al-Awfar Million Ringgit Campaign" at Menara Bank Islam, Jalan Perak, Kuala Lumpur at 1000am (0200).

* PETALING JAYA - Poh Kong holds media briefing on Gold Demand and Trends at Poh Kong Headquarters, Jalan 52/4, Petaling Jaya New Town at 1015am (0215).

* KUALA LUMPUR - Mah Sing Group Bhd holds EGM at Wisma Mah Sing, Jalan Sungai Besu, Kuala Lumpur at 1500pm (0700).

MONDAY, SEP 24

KUALA LUMPUR - Release of International Reserves as at 14 Sep 2012

FRIDAY, SEP 28

KUALA LUMPUR - Release of Aug 2012 Money Supply data

FRIDAY, OCT 5

KUALA LUMPUR - Release of International Reserves as at 28 Sep 2012 and Aug 2012 External Trade data.

THURSDAY, OCT 11

KUALA LUMPUR - Release of Aug 2012 Index of Industrial Production (IPI) and Aug 2012 Manufacturing Sales.

WEDNESDAY, OCT 17

KUALA LUMPUR - Release of Sep 2012 Consumer Price Index.

MONDAY, OCT 22

KUALA LUMPUR - Release of International Reserves as at 15 Oct 2012

FRIDAY, OCT 26

KUALA LUMPUR - Market and Public Holiday - Aidil Adha.

WEDNESDAY, OCT 31

KUALA LUMPUR - Release of Sep 2012 Money Supply data

WEDNESDAY, NOV 7

KUALA LUMPUR - Release of International Reserves as at 31 Oct 2012

THURSDAY, NOV 8

KUALA LUMPUR - Monetary Policy Statement and release of Sep 2012 Index of Industrial Production (IPI) and Sep 2012 Manufacturing Sales.

FRIDAY, NOV 9

KUALA LUMPUR - Release of Sep 2012 External Trade data.

TUESDAY, NOV 13

KUALA LUMPUR - Market and Public Holiday - Deepavali

THURSDAY, NOV 15

KUALA LUMPUR - Market and Public Holiday - Moslem New Year.

FRIDAY, NOV 16

KUALA LUMPUR - Release of 3rd Quarter 2012 GDP.

WEDNESDAY, NOV 21

KUALA LUMPUR - Release of Oct 2012 Consumer Price Index.

THURSDAY, NOV 22

KUALA LUMPUR - Release of International Reserves as at 14 Nov 2012

FRIDAY, NOV 30

KUALA LUMPUR - Release of Oct 2012 Money Supply data

FRIDAY, DEC 7

KUALA LUMPUR - Release of International Reserves as at 30 Nov 2012 and Oct 2012 External Trade data.

TUESDAY, DEC 11

KUALA LUMPUR - Release of Oct 2012 Index of Industrial Production (IPI) and Oct 2012 Manufacturing Sales.

WEDNESDAY, DEC 19

KUALA LUMPUR - Release of Nov 2012 Consumer Price Index.

FRIDAY, DEC 21

KUALA LUMPUR - Release of International Reserves as at 14 Dec 2012.

TUESDAY, DEC 25

KUALA LUMPUR - Market and Public Holiday - Christmas Day.

MONDAY, DEC 31

KUALA LUMPUR - Release of Nov 2012 Money Supply data.

NOTE: The inclusion of diary items does not necessarily mean that Reuters will file a story based on the event. - Reuters

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