Malaysia-Market factors to watch on Dec 20(Thursday)


  • Business
  • Thursday, 20 Dec 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-World shares slip as fiscal talks sour

SE Asia Stocks-Banks lead Manila rally; Bangkok at 17-year peak WHAT IS HAPPENING IN MALAYSIA, IN TIMES LOCAL FOLLOWED BY GMT:

* Prudential Assurance Malaysia Bhd announces its new chief executive officer, The Intermark, Kuala Lumpur at 1030am (0230GMT)

* Malaysia parliament in session.

MARKET NEWS

> Tokyo's Nikkei share average opens down 0.66 pct

> US STOCKS-Wall St falls as 'cliff' talks sour, but hopes remain

> TREASURIES-Bonds rally as higher yields lure buyers

> FOREX-Yen choppy as BOJ decision looms; NZD hit by data

> PRECIOUS-Gold ends flat, U.S. budget talks in focus

> Oil rises on U.S. budget deal hopes, demand optimism

> High stocks, weak exports weigh on palm oil MALAYSIA IN THE NEWS:

> Malaysia takes in shipwrecked Myanmar migrants refused by Singapore

> Malaysia cbank sees GDP stable in 2013, inflation to pick up

> Malaysia in "final stages" for Islamic finance legal framework

> JPMorgan to shut Malaysia retail banking operations

> Sport-Sailing drifts to Asia for greener pastures

> Lynas says Malaysian court dismisses appeal in favour of co - Reuters

DIARY - Malaysia 20/12/12(Thursday)

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

THURSDAY, DEC 20

* KUALA LUMPUR - Domestic Trade, Cooperatives and consumerism Minister Ismail Sabri Yaakob launches Back To School Sale at Tasik Permaisuri parking site, Bandar Tun Razak, Kuala Lumpur at 0930am (0130).

* KUALA LUMPUR - Mimos Bhd ubiquitous nems-based sensor network and solutions media briefing at Mimos Bhd, Technology Park Malaysia, Bukit Jalil, Kuala Lumpur at 1000am (0200).

* PETALING JAYA - Sime Darby Auto Connexion managing director Lee Eu San announces Ford Malaysia Conservation and Environmental Grant 2012 winners at Sime Darby Auto Connexion Sdn Bhd, Lot 5, Jalan 205, Petaling Jaya at 1000am (0200).

* KUALA LUMPUR - Prudential Assurance Malaysia Bhd announces new chief executive officer at Double Tree Hilton, The Intermark, Jalan Tun Razak, Kuala Lumpur at 1030am (0230).

* KUALA LUMPUR - FCW Holding Bhd holds AGM at Bukit Kiara Equestrian and Country Resort, Jalan Bukit Kiara, Kuala Lumpur at 1100am (0300).

FRIDAY, DEC 21

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

* KUALA LUMPUR - Ekovest Bhd holds AGM at Grand Seasons Hotel, Jalan Pahang, Kuala Lumpur at 1100am (0300).

* PUTRAJAYA - Greenyield Bhd holds AGM at Putrajaya Shangri-La Hotel, Taman Putra Perdana, Precinct 1, Putrajaya at 1100am (0300).

TUESDAY, DEC 25

* KUALA LUMPUR - Market and Public Holiday - Christmas Day.

MONDAY, DEC 31

* KUALA LUMPUR - Release of Nov 2012 MNoney Supply data.

YEAR 2013

TUESDAY, JAN 1

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

THURSDAY, JAN 24

* KUALA LUMPUR - Market and Public Holiday - Prophet Muhammad's Birthday.

FRIDAY, FEB 1

* KUALA LUMPUR - Market and Public Holiday - FT Day.

MONDAY-TUESDAY, FEB 11-12

* KUALA LUMPUR - Market and Public Holiday - Chinese New Year.

WEDNESDAY, MAY 1

* KUALA LUMPUR - Market and Public Holiday - Labour Day.

FRIDAY, MAY 24

* KUALA LUMPUR - Market and Public Holiday - Wesak Day.

SATURDAY, JUNE 1

* KUALA LUMPUR - Market and Public Holiday - The Yang di- Pertuan Agong's Birthday.

THURSDAY-FRIDAY, AUG 8-9

* KUALA LUMPUR - Market and Public Holiday - Hari Raya Puasa (Eid-Fitr).

SATURDAY, AUG 31

* KUALA LUMPUR - Market and Public Holiday - National Day.

MONDAY, SEP 16

* KUALA LUMPUR - Market and Public Holiday - Malaysia Day.

TUESDAY, OCT 15

* KUALA LUMPUR - Market and Public Holiday - Hari Raya Haji (Eid-Adha).

SATURDAY, NOV 2

* KUALA LUMPUR - Market and Public Holiday - Deepavali.

TUESDAY, NOV 5

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

WEDNESDAY, DEC 25

* KUALA LUMPUR - Market and Public Holiday - Christmas Day.

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 20(Thursday)

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

FUNDAMENTALS

* Malaysian palm oil futures inched lower for a second day on Wednesday as sluggish exports in the first half of the month fan concerns that stockpiles in the world's No.2 producer could hit another record high.

* Soybeans dropped nearly 2 percent, extending a sell-off spurred by signs that the firm export demand that has buoyed the market for the past few months may be softening. Falling crude oil prices also pressured the soy complex.

* Oil prices rose on Wednesday as expectations a battle over the U.S. budget will be resolved spurred optimism about crude demand in the world's top consumer.

MARKET NEWS

* World stocks trimmed gains on Wednesday after reaching a 17-month high as talks to avert the U.S. "fiscal cliff" appeared to stall, braking a surge in the euro as it rose on an improved economic outlook for Germany.

* Oil scored its biggest daily gain in a month on Wednesday on hopes that a U.S. fiscal deal was still possible to prevent a new recession in the No. 1 energy consumer, while most other commodities, especially agricultural types, closed down.

RELATED NEWS

> USDA chief pessimistic about farm bill prospects

> U.S. corn plantings to be biggest since 1936-Informa

> Brazil's Abiove raises soy crop forecast slightly

DATA/EVENTS

> Cargo surveyors to publish Malaysian exports data for Dec. 1-20 on Thursday - Reuters

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