Malaysia-Market factors to watch May 28

KUALA LUMPUR, May 28 (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)

- Prime Minister Najib Razak to announce revised 2009
economic growth forecast at 3.00pm (0700).

- Second Finance Minister Ahmad Husni Hanadzlah to witness
signing ceremony of the third $100 million untied loan between
RHB Bank and Japan Bank for International Cooperation at 2.30pm
(0630).

- Closing date for 4 billion ringgit of 10-year government
bond around noon (0400).

- MMC Corp (MMCB.KL) Q1 results.

- Genting (GENT.KL) Q1 results.

- AirAsia (AIRA.KL) Q1 results.
MARKET SNAPSHOTS
* Malaysian shares are expected to open slightly lower on
Thursday ahead of the government's announcement of revised
economic growth data for this year. [.KLSE]
* GDP in the first quarter contracted by 6.2 percent from a
year ago, the largest fall since the fourth quarter of 1998,
and will likely contract by the same amount in the second
quarter. [ID:nKLR107293]
* "The market is looking kind of tired at the moment. It will
continue to drift over the next couple of days," said an
institutional dealer at a local investment bank.
* "The economy shrank much more than expected, so I think
investors will just take a step back and assess the situation,"
he said.
* U.S. stocks dropped on Wednesday as rising yields on U.S.
government debt fueled concern that businesses and consumers
could face higher borrowing costs, which could hamper an
economic recovery. [.N]
* Oil prices hit a six-month high near $64 a barrel on
Wednesday after Saudi Arabia, OPEC's biggest member, said the
global economy had strengthened enough to cope with oil at $75
to $80 a barrel. [O/R]
* For global market news, click on [MKTS/GLOB]
* Malaysian palm futures jumped 3.1 percent on Wednesday, with
more buyers back into the market a day after a sell off, on
concerns stock levels this month could go lower. [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 @ 2333 GMT --------------

INSTRUMENT LAST PCT CHG NET
CHG
S&P 500 .SPX 893.06 -1.9%
-17.270
USD/JPY JPY= 95.42 0.14%
0.130
10-YR US TSY YLD US10YT=RR 3.7381 --
0.000
SPOT GOLD XAU= 946.6 -0.16%
-1.500
US CRUDE CLc1 62.93 -0.82%
-0.550
DOW JONES .DJI 8300.02 -2.05%
-173.47
ASIA ADRS .BKAS 107.41 -1.65%
-1.80
KL COMPOSITE .KLSE 1,047.68 -0.38% -3.95
----------------------------------------------------------------

FOR MALAYSIAN ECONOMIC INDICATORS CLICK ON [ID:nKLR481583]
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 Q1
GDP falls most in decade [ID:nSP471618] >Malaysia's
April broad money up 6.1 pct on year[ID:nKLR233878] >Owners
sell 9% in Genting S'pore-sources [ID:nSP99985]
>Malaysia Genting says open to acquisitions [ID:nKLR46143]
>Malaysia jails Singapore radical Mas Selamat [ID:nKLR462889]
>"Green" palm planters struggling to find buyers[ID:nJAK393433]
>Telecoms cos sign Asia-Pac undersea cable deal [ID:nMAN260232]
>Palm oil output forecasts for Southeast Asia
[ID:nKLR143842]
ASIA MARKETS NEWS - Asian stocks are set to dip on Thursday,
as hopes for an economic recovery faltered on the prospect of a
rise in the cost of U.S. debt. [STXNEWS/AS] - The Malaysian
ringgit gained on Wednesday as investors cheered fresh
indications that the global economy may be on the mend, while
China's central bank guided the yuan lower against general
currency firmness in Asia. [EMRG/FRX] - Most Southeast Asian
stocks rose on Wednesday as energy shares jumped on higher oil
prices and Singapore's index neared an eight-month high with
CapitaLand and DBS Group leading the way [.SO]

(Reporting by Kuala Lumpur Newsroom)