Philippines - Market factors to watch on Dec 13

Wed Dec 12, 2012 7:43pm EST

MANILA, Dec 13 (Reuters) - Following are some
company-related and market news which could have an impact on
the local market.
    
 ----------------- MARKET SNAPSHOT AT 0012 GMT ---------------
                INSTRUMENT      LAST      PCT CHG     NET CHG 
  S&P 500                      1428.48      0.04        0.64
  USD/JPY                        83.24     -0.01       -0.01
  US 10YR                         1.69     -0.79       -0.01
  SPOT GOLD                    1707.51     -0.24       -4.04
  US CRUDE                       86.71     -0.06       -0.06
  DOW JONES                   13245.45     -0.02       -2.99
  ASIA ADRS                     125.55      0.46        0.58
  FTSE 100                     5945.85      0.35       20.88
 ------------------------------------------------------------
    
    GLOBAL MARKETS-Asian shares inch higher after Fed's stimulus
steps 
    SE Asia Stocks-Most rise on US Fed monetary easing hopes
    
    
    WHAT IS HAPPENING TODAY IN THE PHILIPPINES
    - 2012 National Convention of Food Staples Producers with
Agriculture Secretary Proceso Alcala as guest speaker, Manila
Hotel, 9:30 a.m. [0130 GMT]
    - Central bank holds policy meeting; decision to be
announced around 4:00 p.m. [0800 GMT]
    - Central bank to release M3, bank lending data for October
    
    STOCKS TO WATCH
    - ROBINSONS LAND CORP, JG SUMMIT HOLDINGS INC
 
    Japan's Universal Entertainment Corp said on
Wednesday it has signed a deal giving property firm Robinsons
Land a minority stake in its Philippine unit which is building a
$2 billion casino-resort complex in Manila. 

    - BANK OF THE PHILIPPINE ISLANDS, AYALA CORP
 
    Conglomerate Ayala Corp said its board has approved a
succession plan for banking arm BPI, as current BPI President
Aurelio Montinola steps down next year. For the disclosure,
click on link.reuters.com/raj64t.
    
    MARKET NEWS
> Nikkei climbs 1 pct to 7-1/2-month high on weak yen     
> Wall St ends almost flat as Bernanke warns on "cliff"   
> Treasuries drop on Fed's new bond-buying program       
> Yen extends fall, USD pinned down by aggressive Fed   
> Gold rises after Fed makes surprise low-rate pledge   
> Oil up on more Fed stimulus, OPEC holds output target  
    
    REUTERS NEWS - PHILIPPINES
> Xstrata delays $5.9 bln mine project to 2019    
> Universal signs deal with Robinsons on casino   
> U.S. military to boost Philippines presence     
    
    ASIA-PACIFIC STOCK MARKETS
    S.Korea       China      Hong Kong    
    Taiwan       India       Australia/NZ 
     
    OTHER MARKETS
    Currency      Eurostocks      JP bonds  
    ADR Report    LME metals  
         
    STOCKS NEWS
    US 
    Europe 
    Asia   
    
    DIARIES & DATA: 
    Philippines diary   
    U.S. earnings diary     
    European diary      
    Asia Macro         
        
    TOP NEWS
    Front Page         Asian companies 
    U.S. company News European companies 
    Forex news          Global Economy 
    Tech, Media and Telecoms 
    Financials          General/political 
    A multimedia version of Reuters Top News is available at: 
    topnews.session.rservices.com

 (Reporting by Manila Newsroom)
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