Malaysia-Market factors to watch on April 4(Thursday)


  • Business
  • Thursday, 04 Apr 2013

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 Malaysian market. GLOBAL MARKETS-Shares, oil fall sharply on U.S. growth concern

SE Asia Stocks-Malaysia rebounds on inflows; Thailand falls to near 2-week lows

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

* International Trade Minister Mustapa Mohamed opens World Halal Week conference at the Kuala Lumpur Convention Centre, 2.00 pm (0600am)

* Pharmaniaga holds press conference after AGM at Royale Bintang Hotel, Selangor, 10.00am (0200)

* Prime Minister Najib Razak chairs Umno Supreme Council meeting at Putra World Trade Centre at 0930am (0130).

* Prime Minister Najib Razak chairs Barisan Nasional (BN) Supreme Council meeting at Putra World Trade Centre at 1130am (0330), and hands over citizenship certificates under MYDafter programme at Sentul Perdana Community Centre, Bandar Baru Sentul, Kuala Lumpur at 1600pm (0800).

MARKET NEWS

> Tokyo's Nikkei share average falls 2.04 pct

> Wall Street drops on signs of weak economy, North Korea

> Prices rise as ADP data tempers job hopes

> Yen bears on tenterhooks as BOJ looms large

> Gold hits 9-month low as crude and equities slump

> Oil down most in 5 months as US inventories near record

> VEGOILS-Palm inches up as lower stock hopes offset weak soy markets MALAYSIA IN THE NEWS:

> Saudi's Sedco Capital plans Islamic equity, sukuk funds

> SapuraKencana to partly fund Seadrill deal with private placement proceeds

> Malaysia's Najib fires starting gun for tense election race

> CNPC, Petronas eye Marathon's Angola oil fields - Reuters

VEGOILS-Market factors to watch April 4(Thursday)

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

* Malaysian palm oil futures ended higher on Wednesday as expectations of lower palm oil stocks offset weak overseas soy markets.

* Chicago Board of Trade wheat jumped 3.8 percent Wednesday, its biggest daily rise in six months, as concern about poor U.S. crop weather and expectations of strong global demand for U.S. supplies sparked a flurry of fund short-covering, traders said.

* Oil prices fell 3 percent on Wednesday in the steepest daily drop in five months, as U.S. crude inventories rose to their highest since 1990 and as weak economic data weighed on the outlook for demand. MARKET NEWS

* Major stock markets and the dollar fell on Wednesday after unexpectedly weak growth in U.S. private-sector jobs and services dented optimism about the world's largest economy.

* The commodities selloff that began at the outset of the second quarter deepened on Wednesday as weak U.S. jobs and services data dented recovery hopes in the world's No. 1 economy, sending oil, metals and crop prices tumbling with stocks.

RELATED NEWS

> Credit Suisse cuts commodity forecasts as output rises

> Fitch: APAC Plantation Companies' Credit Profiles Stable despite Lower Prices > Brazil's top court puts off landmark foreign tax case for a week - Reuters

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