Malaysia Market Factors To Watch On July 26Friday


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
 
-Facebook lifts U.S. stocks as dollar, global shares fall
 
 SE Asia Stocks-Weaker, Thai shares tumble on political concerns
 
 WHAT IS HAPPENING IN MALAYSIA, IN TIMES LOCAL FOLLOWED BY GMT:
 
 * International Trade and Industry Minister Mustapa Mohamed launches Malaysia-China Entrepreneur Conference, Putrajaya Marriot Hotel, IOI Resort City, 9.30 am (0130).
 
 * Resorts World Genting announces brand new world class theme park, Wisma Genting, Kuala Lumpur, 9.30 am (0130).
 
 * Prime Minister of Japan Shinzo Abe departs at Bunga Raya Complex, Kuala Lumpur International Airport (KLIA) at 0840am (0040).
 
 * Umno Supreme Council meeting at Putra World Trade Centre, Kuala Lumpur at 1500pm (0700).
 
 MARKET NEWS
 
 > Nikkei falls as earnings disappoint market; Canon sags > Nasdaq likes Facebook's surge, but earnings curb Dow, S&P
 
 > Prices flat, investors cautious before Fed meeting
 
 > Dollar tumbles on tepid U.S. data; euro touches one-month high
 
 > Gold rises on dollar drop, economic data in focus
 
 > Brent crude up slightly; gasoline falls nearly 4 cents
 
 > Soy crop outlook drags palm to lowest in more than 3 yrs
 
MALAYSIA IN THE NEWS:
 
 > Petronas to cut Canada LNG stake to 50 pct, in talks with Sinopec-sources
 
 > Genting unit to issue $470 mln Islamic bond
 
 > Smaller cocoa supply deficit expected, outlook shaky > India's crops lap up heavy rain half way through monsoon
 
 > Global firms eye stake in Turkey's Acibadem Sigorta
 
 > Singapore Airlines warns of weaker yields
 
 > Thailand sells 250,000 tonnes of rice to Iranian government - Reuters

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