Malaysia-Market factors to watch Oct 19
KUALA LUMPUR, Oct 19 (Reuters) - 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 David Chance in Kuala Lumpur editorial on +603 2333 8033 or via email at david.chance@thomsonreuters.com or on Reuters messaging david.chance.reuters.com@reuters.net)
WHAT IS HAPPENING IN MALAYSIA, ALL TIMES LOCAL FOLLOWED BY GMT
(The inclusion of diary items does not necessarily mean that Reuters will cover the event)
- Malaysia's fourth-largest lender RHB Capital (RHBC.KL) to
announce at a news conference its acquisition of a controlling
stake in an Indonesian bank. JW Marriott Hotel, Kuala Lumpur,
11am (0300).
- Malaysian Palm Oil Council organises seminar on the life cycle assessment for palm oil production that is used to calculate the amount of greenhouse gases emitted. Crown Plaza Mutiara, Kuala Lumpur (all day)
- European Commission, ADB and Bank Negara hold two-day ASEM conference on "Beyond the Global Crisis: A New Asian Growth Model?" at The Royale Chulan, Kuala Lumpur, 10am (0200).
- Reuters issues Malaysia's September CPI poll MYCPI=ECI.
- European Union-Asia Power Quality Initiative launches in Malaysia featuring Piket Vincent, Head of Delegation, EU in Malaysia and Azman Mohd from TNB Distribution and Steven Sim, CEO from International Copper Assocaition Southeast Asia Ltd. Hilton Hotel, Petaling Jaya, 9am (0100). MARKET SNAPSHOTS * Malaysia's benchmark stock index .KLSE gained 0.8 percent on Friday with Public Bank (PUBM.KL) up 0.4 percent after a broker raised its call on the bank to buy and Bursa Malaysia (BMYS.KL) gained 0.5 percent after reporting higher profits. [.KLSE] * U.S. stocks fell on Friday after disappointing results from General Electric Co (GE.N) and Bank of America Corp (BAC.N) demonstrated the road to economic recovery will be bumpy.[.N] * Crude oil rose to a one-year high above $78 a barrel on Friday after data showed U.S. industrial production expanded in September, boosting optimism for an economic recovery. [O/R] * For global market news, click on [MKTS/GLOB] * Malaysian palm oil futures jumped 3.2 percent on Friday, bouncing from one-week lows hit the previous day after crude oil rose to another one-year high above $78 a barrel. [POI/] * To see Malaysian central bank regular money market tenders issued at around 0930 local please click on the following link here * To see the top Islamic finance stories from Malaysia and elsewhere click on [ID:nISLAMIC] * For Malaysian stock recommendations hit .KL or [MY-RCH] ----------------------MARKET SNAPSHOT @ 2316 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG S&P 500 .SPX 1087.68 -0.81% -8.880 USD/JPY JPY= 91.07 0.08% 0.070 10-YR US TSY YLD US10YT=RR 3.4097 -- 0.000 SPOT GOLD XAU= 1052.9 0.20% 2.100 US CRUDE CLc1 78.95 0.53% 0.420 DOW JONES .DJI 9995.91 -0.67% -67.03 ASIA ADRS .BKAS 123.98 -1.63% -2.05 ------------------------------------------------------------- FOR MALAYSIAN ECONOMIC INDICATORS, CLICK ON [ID:KLR476586] FOR REALTIME MALAYSIAN ECONOMIC INDICATORS, HIT ECONMY KEY GLOBAL ECONOMIC NEWS, SEE [TOP/MACRO] TOP NEWS ON ASIAN COMPANIES [TOP/EQA] FOR ECONOMIC FX RELATED NEWS, HIT [FXNEWS] FOR WHAT INVESTORS ARE SAYING ABOUT DEALS [DEALTALK/] STOCKS - BUY OR SELL? [BUYSELL/] IN THE NEWS REUTERS MALAYSIA (Click on [MY-RTRS]) > RHB to buy Indonesian bank stake - source [ID:nKLR501423] > Malaysia detains Iraqi lawmaker on fake passport[ID:nKLR505555] > Malaysia's Media Prima to take NSTP private [ID:nKLR434377] > M.Stanley ups Malaysia, Egypt to overweight [ID:nLG146480] > Bursa Q3 net profit up; upbeat on outlook [ID:nWNAS7529] > Indonesia Excelcom plans $300 mln rights in Dec [ID:nJAK478820] ASIA MARKETS NEWS - For an outlook of Asian stock trading, click on [STXNEWS/AS] - The Thai baht rebounded on Friday in step with local stocks after two days of losses sparked by concerns over the health of the country's king, while the Singapore dollar's gains were limited by talk of official intervention. [EMRG/FRX] - Southeast Asian stock markets ended on Friday mixed, with Singapore's index heavyweights surrendering recent gains while Thailand climbed more than three percent in a rebound from a two-day selloff. [.SO] (Reporting by Kuala Lumpur Newsroom)
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