Malaysia-Market factors to watch on Oct 17(Wednesday)


  • Business
  • Wednesday, 17 Oct 2012

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-Euro, stocks up on data, U.S. earnings

SE Asia Stocks-Most firmer; Indonesia at all-time high

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

* Dewan Rakyat sitting at 1000am (0200).

* Cyber Security Malaysia Awards Conference and Exhibition at The Royale Chulan, Kuala Lumpur at 1100am (0300).

MARKET NEWS

> Nikkei jumps at open as yen softens, earnings concerns ease

> Wall St jumps on strong results; IBM, Intel off late

> Prices fall as risk-on trade dampens US debt allure

> Euro extends gains after Moody's affirm Spain rating

> Gold higher as US consumer prices rise, dollar drops

> Brent falls as Nov contract expires, U.S. crude higher

> Palm oil ends lower as analyst comments weigh

MALAYSIA IN THE NEWS:

> AMMB cleared for talks on units with Friends Life

> China grants seven foreign investment licences in September

> Malaysia palm stocks to fall as low prices, tax cuts lure energy demand

> HIGHLIGHTS-Key palm oil analysts call the market

> Malaysia may issue tax free crude palm oil export quota in 2013 -source

> Soccer-Treble-chasing Kelantan players could land special bonus

> INSIGHT-From guns to laptops, Philippine peace faces arduous road

> Insurer Resolution in talks to sell Malaysia JV stake - Reuters

DIARY - Malaysia 17/10/12(Wednesday)

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

WEDNESDAY, OCT 17

* KUALA LUMPUR - Yang di-Pertuan Agong Tuanku Abdul Halim Mu'adzam Shah hands over mock keys of ambulances meant for Haj pilgrims, at the Istana Negara at 0900am (0100).

* KUALA LUMPUR - Dewan Rakyat sitting at 1000am (0200).

* KUALA LUMPUR - Yang di-Pertuan Agong Tuanku Abdul Halim Mu'adzam Shah grants audience to Defence Minister Dr Ahmad Zahid Hamidi, Chief of Defence Forces Gen Zulkifeli Mohd Zin and Armed Forces football team at Istana Negara at 1000am (0200).

* KUALA LUMPUR - Cyber Security Malaysia Awards Conference and Exhibition at The Royale Chulan, Kuala Lumpur at 1100am (0300).

* KUALA LUMPUR - Deputy Finance Minister Dr Awang Adek Hussin attends Malaysian Employers' Federation Annual Dinner at Grand Selangor Ballroom, Hotel Grand Dorsett, Subang Jaya, at 2000pm (1200)

FRIDAY, OCT 19

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

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

VEGOILS-Market factors to watch Oct 17(Wednesday)

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

FUNDAMENTALS

* Malaysian palm oil futures ended slightly lower on Tuesday after top industry analysts projected weaker prices and as investors digested news that export tax cuts will only take effect next year.

* U.S. soybeans were little changed on Wednesday, trading near a three-and-half month low on expectations of higher yields in the United States and bumper supplies from South America early next year.

* Brent crude prices fell on Tuesday as the front-month November contract expired ahead of weekly inventory reports expected to show U.S. crude oil inventories rose last week.

MARKET NEWS

* World shares rose for a second day on Tuesday and the euro gained against the U.S. dollar as concern over U.S. corporate earnings eased and German economic data improved.

* Gold and copper prices rebounded from one-month lows on Tuesday as the dollar fell, providing investors using other currencies more opportunity to buy raw materials.

RELATED NEWS

> M'sia palm stocks to fall as low prices, tax cuts lure demand

> HIGHLIGHTS-Key palm oil analysts call the market

> EU Commission weakens biofuel rule changes -draft

> Goldman says commods revenue down significantly in Q3

> Oil World sees growing dependency on palm oil

> U.S. says does not support strategic grains stocks idea - Reuters

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