Malaysia-Market factors to watch May 11

KUALA LUMPUR, May 11 (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)
- Industry regulator the Malaysian Palm Oil Board unveil April
opening stocks, production and output.
- Cargo surveyors Intertek Testing Services and Societe
Generale de Surveillance unveil May 1-10 Malaysian palm oil
export data. (0100g and 0630g)
- Malaysian International Cocoa Conference 9am. New
Commmodities Minister Bernard Dompok to give keynote speech at
01000g.
- Bank Negara governor Zeti chairs presser to release LOFSA
2008 annual report at 3.30 pm 0730GMT
- MISC, (MISC.KL), Malaysia's largest shipping company is
expected to report a drop in fourth quarter net profit as the
slump in container rates continued to hit its liner division.
- IOI Corp (IOIB.KL) Q3 results (tentative)
- High court judge Abdul Aziz Abdul Rahim expected to decide
on rightful Perak Chief Minister.

MARKET SNAPSHOTS
* Malaysian shares may extend gains on Monday after rising 3.6
percent last week.[.KLSE]
* "Thus far, optimism in the equity market is so strong that
it continues to sustain the Kuala Lumpur Composite Index (KLCI)
in overbought territory and may keep it that way in an extended
mode this week," said Kaladher Govindan, head of research at TA
Securities.
" "The sharp gains in local and foreign equity markets are
driven by belief that the worst is behind us. The KLCI may
advance towards 1,054 or 1,078 points before staging a
correction," said the analyst.
* U.S. stocks rose on Friday, and the Nasdaq capped its
longest stretch of weekly gains in a decade as stress test
results and reassuring jobs data fueled hopes the worst is over
for banks and the economy. [.N]
* Oil rose more than 3 percent on Friday to touch a near
six-month high as the results of the U.S. government's stress
test for big banks and U.S. jobs data added to optimism about
the economy. U.S. crude CLc1 gained $1.92 to settle at $58.63
a barrel, after earlier touching $58.69, the highest level
since Nov. 17. Brent crude LCOc1 settled up $1.67 at $58.14 a
barrel [O/R]
* For global market news, click on [MKTS/GLOB]
* Malaysian palm futures closed flat on Friday for the second
day in a row as traders cautiously awaited the end-April stock
data, due out on Monday, for clues on the direction of prices,
traders said. The benchmark July contract KPOc3 edged up 5
ringgit, or 0.2 percent, to 2,685 ringgit per tonne ($765.87).
Overall volume was 16,221 lots of 25 tonnes each. [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] ----------------MARKET
SNAPSHOT @ 2316 GMT-----------------------

INSTRUMENT LAST PCT CHG NET
CHG

S&P 500 .SPX 929.23 2.41% 21.840

USD/JPY JPY= 98.75 0.04% 0.040

10-YR US TSY YLD US10YT=RR 3.284 --- 0.006

SPOT GOLD XAU= $914.90 -0.13% -1.150

US CRUDE CLc1 $58.25 -0.65% -0.380

DOW JONES .DJI 8574.65 1.96% 164.80

ASIA ADRS .BKAS 110.43 3.71% 3.95
-------------------------------------------------------------
FOR MALAYSIAN ECONOMIC INDICATORS CLICK ON [ID:nKLR424535]
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]) > Malaysia
March factory output drop to slow [ID:nKLR384654] > Malaysia to
merge main, second boards of market[ID:nKLR354776] > Malaysia
export fall bottoms out on China boost [ID:nKLR464150]
ASIA MARKETS NEWS - Most Asian currencies firmed on Friday
ahead of key U.S. jobs data, while rising stocks in the region
helped push the South Korean won to its highest level in more
than four months. [EMRG/FRX] - Southeast Asian shares gained
on Friday, led by energy, plantation and mining shares, as oil
prices rose above $57 a barrel on economic hopes ahead of U.S.
employment data later on Friday [.SO]

(Reporting by Kuala Lumpur Newsroom)