Malaysia-Market factors to watch on Nov 9(Friday)


  • Business
  • Friday, 09 Nov 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 on Friday. GLOBAL MARKETS-Stocks sag on US fiscal fears, euro falls on ECB

SE Asia Stocks-S'pore leads regional losses; plantation stocks weak

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

* Malaysia Airlines hosts the 56th assembly of presidents of the association of Asia Pacific Airlines in Kuala Lumpur at Shangri-La Hotel, Kuala Lumpur at 0800am (0000)

* The National Seminar on Green Court 2012 opened by Chief Justice Arifin Zakaria at Seri Pacific Hotel, Kuala Lumpur at 1500pm (0700)

* Tourism Minister Datuk Seri Dr Ng Yen Yen opens the 'Asean Heritage Food Trail with Chef Wan 2012', at Lot 10 shopping mall, Jalan Bukit Bintang at 3pm (0800)

* Deputy Prime Minister Tan Sri Muhyiddin Yassin opens the World Chinese Book Fair 2012, at Mines Exhibition Centre, Mines Resort City at 3pm (0800)

* Deputy Information, Communications and Culture Minister Maglin Dennis D'Cruz attends event marking the completion of MINNAL fm Deepavali 'Kolam' at Wisma Radio foyer, Angkasapuri, Kuala Lumpur at 1930pm (1130)

* Prime Minister Datuk Seri Najib tun Razak attends Datuk Lee Chong Wei and Wong Mei Choo's wedding reception, at Hall 5, Kuala Lumpur Convention Centre at 8pm (1300)

MARKET NEWS

> Nikkei extends falls into 5th day on US fiscal woes; exporters drag

> Wall St drops for second day on U.S. fiscal worries

> Bonds jump, spurred by fiscal cliff, Europe fears

> Euro hits two-month low vs dollar after ECB holds on rates

> Gold hits 3-week high as longs return on Obama victory

> Oil rebounds after plunge, economy concerns limit rise

> Palm oil falls to 1-mth low on U.S., Europe worries

MALAYSIA IN THE NEWS:

> Australia's Lynas plans capital raising

> Canada seen needing to spell out rules for natural gas project

> Canada's Harper expects foreign investment decisions very soon

> Malaysia holds key rate, sees robust domestic activity

> Malaysia court lifts suspension on Lynas licence, shares jump - Reuters

DIARY - Malaysiax 09/11/12(Friday)

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

FRIDAY, NOV 9

KUALA LUMPUR - Release of Sep 2012 External Trade data.

* KUALA LUMPUR - Malaysia Airlines hosts the 56th assembly of presidents of the association of Asia Pacific Airlines in Kuala Lumpur at Shangri-La Hotel, Kuala Lumpur at 0800am (0000).

* KUALA LUMPUR - Fraser and Neave Holdings Bhd (F&N) to announce its full-year results FY11/FY12 at F&N Point, Jalan Metro Pudu, Fraser Business Park, Off Jalan Yew, Kuala Lumpur at 0930am (0130).

* KUALA LUMPUR - Malaysian Water and Waste Water Quality and Safety Association holds press conference on the issue of payment for completed work at Axis Atrium Complex, Jalan Dagang, Taman Cempaka, Ampang, Kuala Lumpur at 1000am (0200).

* PETALING JAYA - SME Corp holds media conference on E50 Award 2012 at One World Hotel, Petaling Jaya at 1000am (0200).

* KUALA LUMPUR - Mercedez-Benz SL Class media launch at Matrade Exhibition & Convention Centre at 1130am (0330).

* PETALING JAYA - Coffee Session with Hiroshi Mikitani chairman and chief executive officer of Rekuten at The Royale Bintang Damansara, Mutiara Damansara at 1500pm (0700). * KUALA LUMPUR, Tourism Minister Ng Yen Yen opens the 'Asean Heritage Food Trail with Chef Wan 2012' at Lot 10 shopping mall, Jalan Bukit Bintang, Kuala Lumpur at 1500pm (0700).

* KUALA LUMPUR - The National Seminar on Green Court 2012 opened by Chief Justice Arifin Zakaria at Seri Pacific Hotel, Kuala Lumpur at 1500pm (0700).

* KUALA LUMPUR - Deputy Prime Minister Muhyiddin Yassin opens the World Chinese Book Fair 2012 at Mines Exhibition Centre, Mines Resort City at 1530pm (0730).

* KUALA LUMPUR - Consortium of Indian Industries in Malaysia and Malaysia-India Business Council 'Diwali Night' at Mandarin Oriental Hotel, Kuala Lumpur at 1900pm (1100).

* PETALING JAYA - SME Corp Malaysia award dinner at One World Hotel, Petaling Jaya at 1900pm (1100).

* KUALA LUMPUR - Deputy Information, Communications and Culture Minister Maglin Dennis D'Cruz attends event marking the completion of MINNAL fm Deepavali 'Kolam' at Wisma Radio foyer, Angkasapuri, Kuala Lumpur at 1930pm (1130).

* KUALA LUMPUR - Prime Minister Najib Razak attends Malaysian badminton star, Lee Chong Wei and Wong Mei Choo's wedding reception at Kuala Lumpur Convention Centre at 2000pm (1200).

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 Nov 9(Friday)

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

FUNDAMENTALS

* Malaysian palm oil futures fell to their lowest in more than a month on Thursday, tracking losses in global markets caused by renewed worries that economic woes in the United States and Europe could hurt commodity demand.

* U.S. wheat futures rose for the fourth day in a row Thursday, rallying above $9 a bushel to a near six-week high, as traders staked out positions ahead of a government report expected to show tightening global supplies.

* Crude oil ended higher on Thursday, recovering from a steep plunge in the previous session, but gains were only modest as trepidation over Europe's economy and looming negotiations over the U.S. "fiscal cliff" weighed on the market.

MARKET NEWS

* Global stocks fell further on Thursday on concerns about a looming fiscal crisis, while the euro fell to a two-month low after the European Central Bank refrained from taking more action despite signs of further economic slowdown

* Ccrude oil futures firmed on Thursday, recovering a day after from their worst single-day slide this year, but worries about Europe's economy and looming negotiations over the U.S. "fiscal cliff" hung over the market and muted gains.

RELATED NEWS

> Shares in Australia's Origin slide after profit warning

> Canada seen needing to spell out rules for natural gas projects

DATA/EVENTS

> Cargo surveyor Intertek Testing Services will issue Malaysia's Nov. 1-10 exports on Saturday. Another cargo surveyor will release the same data on Monday.

> Industry regulator the Malaysian Palm Oil Board will issue October's stocks, output and exports data on Monday. - Reuters

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