Malaysia-Market factors to watch Aug 4

KUALA LUMPUR, Aug 4 (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)

- Malaysian Prime Minister Najib Razak makes two-day
official visit to Brunei from Aug 4. to attend the 13th annual
consultation with Brunei Sultan Hassanal Bolkiah. Might see
some headway on a maritime border dispute that has halted oil
exploration off Boreno island for six years.

- Islamic banking conference. Speakers include head of
industry body AAOIFI Mohamed Nedal Alchaar, HSBC Amanah chief
Musa Abdul Malek and Intl Islamic Financial Market chief Ijal
Alvi on validity of commodity murabaha and organised/reverse
tawarruq as well as industry efforts to create a standardised
Islamic derivatives contract at 0900am (0100).

- AmInvestment bank holds official launch of AmIslamic
Funds Management at the IFN Issues and Investors Asia Forum.
Speakers include Nik Ramlah Nik Mahmood, Securities Commission
Managing Director at 0930am (0130).

- Palm industry analyst Dorab Mistry's speech on state of
the vegetable oil markets in Turkey at 0430pm (0830).
MARKET SNAPSHOTS
* Malaysia's benchmark index .KLSE lost 0.3 percent to
1,171.3 points on profit-taking, with Bumiputra Commerce
BUCM.KL falling 1.3 percent and Sime Darby (SIME.KL) sliding
0.2 percent. [.KLSE]
* U.S. stocks rose on Monday, pushing the S&P 500 index above
1,000 for the first time in nine months, as data on the
manufacturing sector underscored optimism that the economy was
recovering. [.N]
* Oil rose more than 3 percent to above $71 a barrel on Monday
as positive manufacturing data in the United States and China
raised optimism for an economic recovery that could bolster
energy demand. [O/R]
* For global market news, click on [MKTS/GLOB]
* Malaysian crude palm oil futures jumped as much as 4.9
percent on Monday to five-week highs as tight global vegetable
oil stocks and strengthening Asian festival demand drew in
investors. [POI/]
* For a snapshot of the palm oil industry, see [ID:nSP375657]
* 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] ----------------------MARKET
SNAPSHOT @ 2321 GMT --------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1002.63 1.53% 15.150
USD/JPY JPY= 95.21 -0% 0.000
10-YR US TSY YLD US10YT=RR 3.6314 -- 0.000
SPOT GOLD XAU= 955.15 -0.04% -0.400
US CRUDE CLc1 71.19 -0.54% -0.390
DOW JONES .DJI 9286.56 1.25% 114.95
ASIA ADRS .BKAS 123.89 3.04% 3.65
---------------------------------------------------------------
FOR MALAYSIAN ECONOMIC INDICATORS, CLICK ON [ID:nKLR536176]
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]) >Ramunia
says Sime ups offer to 560 mln rgt [ID:nKLA008355]
>Q+A-Malaysia's weekend clampdown on opposition [ID:nKLR477512]
>Malaysia June exports seen down 25.2 pct on yr [ID:nKLR532113]
>INTERVIEW-MGM not looking to sell Macau stake [ID:nN03526302]
>INTERVIEW-Infrastructure to revive sukuk issues[ID:nKLR487476]
>Astro boosts India radio stake for 61 mln rgt
[ID:nKLR464037]
ASIA MARKETS NEWS - Asian stocks are likely to rise on Tuesday
after positive economic data reinforced the view the global
recession is abating, sending global equity markets higher.
[STXNEWS/AS] - The South Korean won and Indonesian rupiah led
Asian currencies higher against the dollar on Monday as
investors took comfort from fresh evidence pointing to a
recovery in the global economy. [EMRG/FRX] - Thai shares rose
to an 11-month high on Monday and most other Southeast Asian
stock markets moved higher as the improving economic outlook
bolstered buying interest in sectors such as cement and
property. [.SO]
(Reporting by Kuala Lumpur Newsroom)