Malaysia-Market Factors To Watch On July 31(Wednesday)


  • Business
  • Wednesday, 31 Jul 2013

GLOBAL MARKETS
 
-Dollar up, stocks edge higher as central banks meet
 
- SE Asia Stocks-Most edge higher on earnings; Thai stocks near 3-week lows
 
- WHAT IS HAPPENING IN MALAYSIA, IN TIMES LOCAL FOLLOWED BY GMT:
 
 * Release of June 2013 Money Supply data, and release of Detailed Disclosure of International Reserves as at end June 2013.
 
 * Prime Minister Najib Razak attends the Warriors' Day celebration at Dataran Merdeka, Kuala Lumpur at 0900am (0100), and breaks fast with Umno Wilayah members and Umno veterans at Muaz Al-Jabal Mosque, Setiawangsa at 1830pm (1030).
 
 * Global Carriers Bhd holds AGM at Global Carriers Training Hall, Tower Block E, Plaza Pekeliling, Jalan Tun Razak, Kuala Lumpur at 1100am (0300).
 
 * Atlan Holdings Bhd holds AGM at Wisma Atlan, Bayan Lepas, Penang at 1130am (0330).
 
 * Yinson Holdings Bhd holds AGM at The Zon Regency Hotel by the Sea, Stulang Laut, Johor Baru at 1200pm (0400).
 
 * Hong Kong Trade Development Council organises licensing seminar at Renaissance KL Hotel, Jalan Ampang, Kuala Lumpur at 1400pm (0600).
 
 * International Trade and Industry Ministry Secretary-General Rebecca Fatima Sta Maria attends the launch of the Malaysia-Australia Free Trade Agreement Tariff Finder at Prince Hotel & Residence, Jalan Conlay, Kuala Lumpur at 1815pm (1015).
 
-  MARKET NEWS
 
 > Nikkei rebounds from 1-month low as yen pulls back; earnings, FOMC in focus > S&P 500, Nasdaq end up as tech gains; potash shares sink
 
 > Prices stable as clues on Fed's path, economy awaited
 
 > Dollar edges up ahead of GDP data and Fed policy decision
 
 > Gold eases in quiet trade, all eyes on Fed meeting
 
 > Oil slips, spread widens as U.S. rally seen excessive
 
 > Palm posts biggest daily rise in 7 months on export hopes
 
- MALAYSIA IN THE NEWS:
 
 > EXCLUSIVE-Petronas to delay $19 bln petrochemicals project to 2018
 
 > Fitch cuts Malaysia outlook on worsening reform prospects
 
 > ANA's budget carrier operations to focus on Hawaii, Guam - NIKKEI
 
 > Australia's Intrepid Mines sued for A$252.5 million by former partner
 
 > India's PEC buys 24,160 T RBD palmolein at $787/T-trade sources > Malaysia ringgit hits 3-yr low on outflows, then rebounds on debt sale
 
 > Malaysia sells govt bonds maturing in 2020 at avg 3.889 pct yield - Reuters

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