KUALA LUMPUR, May 29 (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 main ruling party UMNO holds supreme council
meeting, press conference around 6pm (1000GMT)
- April detailed foreign exchange reserves
- March leading index data MYLEIN=ECI
- Proton (PROT.KL) Q4 results
MARKET SNAPSHOTS
* Malaysian shares are expected to open little changed on
Friday as firmer U.S. markets balance worries about the
government's assessment of the country's economic performance
for this year.
* The Malaysian government said on Thursday the economy is
expected to shrink by up to 5 percent in 2009, its biggest fall
in a decade. [ID:nSP416588]
* "We expect the market to move sideways. There aren't any new
factors to drive the market higher," said an analyst at a local
investment bank. [.KLSE]
* U.S. stocks climbed more than 1 percent on Thursday as
higher oil prices drove up energy shares and falling yields in
the bond market eased concerns that higher borrowing costs
would hinder economic recovery. [.N]
* Oil surged past $65 a barrel on Thursday to a fresh
six-month high after OPEC decided to keep output unchanged and
government data showed a steep drop in U.S. crude inventories.
[O/R]
* For global market news, click on [MKTS/GLOB]
* Malaysian palm futures ended unchanged on Thursday as some
buyers took some positions after a key industry analyst
predicted that prices of the vegetable oil could reach 3,000
ringgit if the crude oil market strengthened. [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 @ 2334 GMT --------------
INSTRUMENT LAST PCT CHG NET
CHG
S&P 500 .SPX 906.83 1.54% 13.770
USD/JPY JPY= 96.82 -0.07% -0.070
10-YR US TSY YLD US10YT=RR 3.6122 -- 0.000
SPOT GOLD XAU= 959.7 0.09% 0.900
US CRUDE CLc1 64.77 -0.48% -0.310
DOW JONES .DJI 8403.80 1.25% 103.78
ASIA ADRS .BKAS 109.55 1.99% 2.14
KL COMPOSITE .KLSE 1,047.68 -0.38% -3.95
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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]) >Malaysian
economy to shrink 4-5 pct in 2009 [ID:nSP416588]
>HIGHLIGHTS-Malaysia's 2009 economy forecast [ID:nUSN008110]
>Malaysia Genting Q1 net profit halves [ID:nKLR168292]
>Malaysia port zone costs may leap to $3.55bln [ID:nKLR418742]
>Why is Malaysia Port Klang scandal important? [ID:nKLR472863]
>Palm may hit 3,000 rgt on crude oil-Fry [ID:nKLR125387]
>MMC Corp Q1 net profit slumps 80.1 pct [ID:nWNAS6717]
>MMC says Dubai World reviews oil project [ID:nKLR423999]
ASIA MARKETS NEWS - [STXNEWS/AS] - The Indonesian rupiah and
Philippine peso lost ground on Thursday as investors sold
regional stocks amid concerns that rising U.S. Treasury yields
may hamper recovery in the world's largest economy. [EMRG/FRX]
- Most Southeast Asian stocks eased on Thursday, as investors
worried about the U.S. economic recovery, profit takers swooped
on Singapore's CapitaLand and Malaysia fell for a third day on
a bearish GDP outlook. [.SO]
(Reporting by Kuala Lumpur Newsroom)
