Malaysia-Market factors to watch June 29

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Fri Jun 29, 2012 1:13am BST

Following is a list of events in Malaysia as well as news stories and press reports which may
influence financial markets. Reuters News welcomes your feedback and for any queries, please
contact the Kuala Lumpur newsroom at +603 2333 8046 or via email at areuters@gmail.com     

 WHAT IS HAPPENING IN MALAYSIA, TIMES LOCAL FOLLOWED BY GMT:
(The inclusion of diary items does not necessarily mean that Reuters will cover the event).
> Release of May 2012 Money Supply data at 1800pm (1000).
> Release of end of May Detailed International Reserves at 1200pm (0400).
> Barisan Nasional Supreme Council meeting at Level 8, Menara Dato' Onn, Putra World Trade
Centre (PWTC) at 2015pm (1215) 
 
  MARKET SNAPSHOT:
* The Malaysian benchmark stock index fell 0.48 percent on Thursday, with power-to-property
conglomerate YTL Corporation Bhd falling 1.48 percent and British American Tobacco Bhd
 which dropped 1.61 percent. 
* U.S. stocks fell on Thursday but pared back sharp losses late in the session on talk of
progress by European leaders in easing the region's debt crisis, while a Supreme Court ruling
upholding a landmark healthcare law hit large health insurers.  
*  U.S. stocks fell on Thursday after the U.S. Supreme Court upheld the Obama administration's
healthcare overhaul law, while the euro hit a three-week low as divisions among European leaders
at a meeting in Brussels further diminished hopes of urgent measures to tackle the region's debt
crisis. 
*  Malaysian crude palm oil futures slipped on Thursday to their lowest level this week, as
investors awaited the outcome of a European leaders' summit that is unlikely to produce concrete
measures to solve the region's debt crisis. 
* To see Malaysian central bank regular money market tenders issued at around 0930 local please
click on the following link here
 
IN THE NEWS REUTERS MALAYSIA (Click on ) 
> Petronas to buy Progress Energy for C$4.80 bln                   
> Apple launches iTunes in HK, Singapore, Taiwan                   
> Santos LNG project cost blows out to $18.5 bln            
> Malaysia steps on Indonesia's toes in dance dispute            
> Malaysia's Felda surges 20 pct in debut of world's No.2 IPO    
> Malaysia's KLCC Property jumps on REIT plan                
 
                                                                                      
 ----------------------MARKET SNAPSHOT @ 0012 GMT ------------
                  INSTRUMENT   LAST       PCT CHG   NET CHG
 S&P 500                          1329.04     -0.21%    -2.810
 USD/JPY                          79.28       -0.16%    -0.130
 10-YR US TSY YLD                 1.5717          --    -0.012
 SPOT GOLD                        1551         0.02%     0.250
 US CRUDE                         78.37        0.88%     0.680
 DOW JONES                        12602.26    -0.20%    -24.75
 ASIA ADRS                        115.11       0.25%      0.29
 -------------------------------------------------------------                           
 
 
* For an outlook of Asian stock trading, click on 
* The Indian rupee led gains among emerging Asian currencies on Thursday, but regional units
pulled back from the day's highs before a summit of European leaders who are deeply divided on
how to deal with the continent's debt crisis. 
* Indonesian stocks retreated from a five-week high on Thursday while Philippine shares lost
earlier gains to end slightly lower amid broad-based selling in energy linked stocks following a
slip in global oil prices amid worries about euro zone crisis. 
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