Malaysia-Market factors to watch on May 15 (Wednesday)

  • Business
  • Wednesday, 15 May 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-U.S. stocks jump to record highs, dollar rises

SE Asia Stocks-Philippine at new peak; Thai banks outperform


* Prime Minister Datuk Seri Najib Tun Razak has an audience with Yang di-Pertuan Agong Tuanku Abdul Halim Mu'adzam Shah for approval of new cabinet line-up at Istana Negara. 12.00 noon

* Bank Negara Malaysia holds media conference on first quarter results, Conference Room, 16th floor, Block A, Bank Negara Malaysia at 3.45 pm


> Nikkei set to break above 15,000; Sony likely to surge

> Wall St jumps as banks lead indexes to new highs

> Bond prices fall as stocks draw buyers

> Yen hits 4-1/2-year low vs dollar; euro down for 4th day

> Gold down on economic optimism, ETF holdings steady

> Brent oil prices fall in light trading

> Palm oil eases on weak expports, firm ringgit MALAYSIA IN THE NEWS:

> UPDATE 1-Brazil kicks off first oil, gas auction in five years

> UPDATE 2-Sharp to tap Samsung, banks for survival after $5.4 bln loss

> Malaysia's IOI to list property business > PREVIEW-Malaysia's Q1 GDP may have slowed to 5.2 - Reuters

> The ASEAN bid: policy risk to the fore. - Reuters

VEGOILS-Market factors to watch May 15(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 edged lower on Tuesday, dropping for a second straight session as worries about weak exports and a firm ringgit kept investors on the sidelines.

* Chicago Board of Trade corn futures fell on Tuesday on profit-taking and expectations that U.S. farmers will make significant planting progress this week, traders said.

* Brent crude oil prices fell on Tuesday after a global energy watchdog described world supplies as "comfortable" and analysts forecast a continued build in the U.S. crude inventory, while gasoline rose 1 percent on expected inventory draws ahead of the summer driving season. MARKET NEWS

* Wall Street stocks jumped to record highs on Tuesday on hopes steady U.S. growth will extend equities' stellar run, while a strengthening dollar fueled further losses in oil and gold.

* Copper had its sharpest price drop in two weeks as weak factory data from China fed fears on Tuesday that demand for the metal was stalling, while raw sugar neared a 3-year low on signs of a growing bumper harvest in top producing country Brazil. RELATED NEWS

> Malaysia's IOI to list property business > India's April palm oil imports down, refiners rely on stocks > Soybean importers to rely more on South America -Oil World

> Corn lower as U.S. planting weather improves > Sugar touches fresh 34-month low on Brazil harvest progress

> Black Sea grain yield to suffer if no rain soon

> Brazil govt estimates 2013/14 coffee crop at 48.6 mln bags

> Cotton futures gain, supported by U.S. stocks, planting worries - Reuters

DATA/EVENTS > Cargo surveyors to release Malaysia's May 1-15 exports data on Wednesday.

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Malaysia Market factors


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