Action-packed week expected in the market


KUALA LUMPUR: Turbulence in the markets overseas, ignited by the growing debt concerns in Europe, are expected to influence trading patterns on Bursa Malaysia in a week filled with vital economic data and the release of quarterly financial results of the country’s largest banks.

Gross Domestic Product (GDP) growth data for the first quarter and a decision on whether interest rates would be raised are scheduled to be announced on May 13 while the results of Malayan Banking Bhd and CIMB Group Holdings Bhd are expected to be announced towards the end of the week.

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