Malaysia-Market factors to watch on Dec 11(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 on Tuesday.

GLOBAL MARKETS-U.S. stocks end up; politics rattle Italy markets

SE Asia Stocks-Mostly up; Singapore touches 16-mth high

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

* Release of Oct 2012 Index of Industrial Production (IPI) and Oct 2012 Manufacturing Sales at 1201pm (0401).

* Prime Minister Najib Razak attends meeting of Iskandar Regional Development Authority (IRDA) meeting at the Prime Minister's Office, Putrajaya at 0900am (0100).

* Proton and Petronas Technology Ventures sign assets and technologies acquisition agreement at Malaysian Petroleum Club, Petronas Twin Towers, Kuala Lumpur at 0945am (0145).

MARKET NEWS

> Tokyo's Nikkei share average opens down 0.24 pct

> US STOCKS-Wall St gets small lift from technology and McDonald's

> TREASURIES OUTLOOK-Prices edge higher on Washington budget worries

> FOREX-Euro survives Italy worry, Fed in focus

> PRECIOUS-Gold rises on US budget talks, Fed stimulus hopes

> Brent oil gains after Chinese oil imports grow

> VEGOILS-Palm oil up on slower stocks growth, higher exports

MALAYSIA IN THE NEWS:

> Lynas must remove waste from Malaysia or risk license-ministers

> BRIEF-Lynas Corp requests trading halt

> Petronas plans Q1 Malacca refinery maintenance-ources

> Malaysia climax for Thaworn's age-defying Order of Merit bid

> Islamic banks to expand, compete for mainstream clients -study

> Petronas sees LNG exports from $11bln Canadian facility by 2018

> Malaysia's Nov palm oil stocks hit record high -MPOB

> PREVIEW-Malaysia's October factory output growth seen slowing - Reuters

DIARY - Malaysia 11/12/12(Tuesday)

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

TUESDAY, DEC 11

KUALA LUMPUR - Release of Oct 2012 Index of Industrial Production (IPI) and Oct 2012 Manufacturing Sales at 1201pm (0401).

* PUTRAJAYA - Prime Minister Najib Razak attends meeting of Iskandar Regional Development Authority (IRDA) meeting at Meeting Room 1, Prime Minister's Office, Putrajaya at 0900am (0100).

* KUALA LUMPUR - Proton and Petronas Technology Ventures sign assets and technologies acquisition agreement at Malaysian Petroleum Club, Tower 2, Level 42, Petronas Twin Towers, Kuala Lumpur at 0945am (0145).

* KUALA LUMPUR - Domestic Trade, Cooperatives and Consumerism Minister Ismail Sabri Yaakob launches Direct Sales Industry's roadmap and hands over Direct Selling Appreciation Certificate at Putra World Trade Centre at 1015am (0215).

* KUALA LUMPUR - Malaysia External Trade Development Corporation holds media briefing on trade promotions for 2013 at Menara Matrade, Jalan Khidmat Usaha, off Jalan Duta, Kuala Lumpur at 1130am (0330).

* KUALA LUMPUR - The Global Movement of Moderates Foundation and the Embassy of France in Malaysia jointly preset a lecture by director of the Centre for International Studies and director of the Centre for South and Southeast Asia studies and member of the board of INALCO, Marie-Sybille de Vienne at Grand Hyatt, Jalan Pinang, Kuala Lumpur at 1400pm (0600).

* KUALA LUMPUR - Prime Minister's wife Rosmah Mansor attends 5th Bakti-MIND Conference at Siti Hasman Bakti Building, Changkat Abang Haji Openg, Taman Tun Dr Ismail at 1445pm (0645).

WEDNESDAY, DEC 12

KUALA LUMPUR - Malaysia Institute of Estate Agents press conference on The Malaysia Property Outlook for 2013 at Sime Darby Convention Centre, Kuala Lumpur at 1500pm (0700).

WEDNESDAY, DEC 19

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

FRIDAY, DEC 21

KUALA LUMPUR - Release of International Reserves as at 14 Dec 2012 at 1700pm (0900).

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 Dec 11(Tuesday)

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

FUNDAMENTALS

* Malaysian palm oil futures inched up on Monday as slower-than-expected growth in stocks last month and firm export demand in the first ten days of December lifted sentiment.

* U.S. wheat futures fell to a three-week low on Monday, hit by chart-based selling as well as concerns that U.S. export business is falling short of forecasts, analysts said.

* Brent oil prices rose slightly on Monday after Chinese data showed oil imports increased last month, a sign of robust demand for commodities in the world's No. 2 oil consuming country.

MARKET NEWS

* U.S. stocks ended higher on Monday, led by gains in McDonald's and in technology shares, but Italian equities and bonds sank after Prime Minister Mario Monti's decision to resign stoked concern about who will lead the euro zone's third biggest economy out of its debt crisis.

* Brent crude oil ended firmer on Monday, the first time in six days, on improving demand from China and potential for Middle East turmoil, and copper neared two month highs, but commodities still finished broadly lower as most crop prices fell.

RELATED NEWS

> PREVIEW-USDA seen paring S.America corn crop forecast

> Critics urge much bigger cost savings in U.S. farm bill

> Argentine soy, corn sowing slowed by driving rains

> Record-high Canadian soybean crop forging a path to China

> China oil, iron ore imports point to demand revival

> Rains to help Brazil's newly planted soy crop-Somar

> Malaysia's Nov palm oil stocks hit record high -MPOB

> Malaysia's Dec 1-10 palm oil exports up 0.4 pct -SGS

> Malaysia's Dec 1-10 palm oil exports fall 2.8 pct -ITS - Reuters

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