Malaysia-Market factors to watch Nov 5

KUALA LUMPUR, Nov 5 (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)

- The battle to determine who is the rightful chief
minister of Perak state is scheduled to be heard at the Federal
Court at 9.00am (0100).

- RAM Ratings to present Malaysian Banking Update at
10.30am (0230).

- Launch of Al-Rajhi Bank's participation in MEPS shared
ATM network at 9.00 am (0100).

- Signing ceremony between GB Services Bhd (a wholly owned
subsidiary of Genting Bhd), CIMB Investment Bank Bhd and HSBC
Bank Malaysia Bhd on the 1.45 billion ringgit medium term notes
(MTN) issuance at 3.45 pm (0745).

- Minister of Finance II Ahmad Husni Mohamad Hanadzlah to
officiate Malaysian Takaful Association Dinner & Awards Nite
2009 at 7.30pm (1130).

MARKET SNAPSHOTS
* Malaysia's benchmark stock index .KLSE rose to its highest
in a week, up 0.93 percent on Wednesday, led by palm oil stocks
and banks. [.KLSE]
* U.S. stocks rallied but lost steam on Wednesday after the
Federal Reserve said it would keep rates near zero for "an
extended period" even as it expressed confidence in the conomic
recovery. [.N]
* Oil prices rose by 1 percent on Wednesday after government
data showed an unexpected decline in U.S. crude inventories,
and the U.S. Federal Reserve said it planned to keep interest
rates low. [O/R]
* For global market news, click on [MKTS/GLOB]
* Malaysian crude palm oil futures jumped as much as 3.8
percent on Wednesday to hit two-month highs as rising crude oil
markets [O/R] boosted global vegetable oil prices. [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]
* For Malaysian stock recommendations hit .KL or [MY-RCH]
----------------------MARKET SNAPSHOT @ 2319 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1046.5 0.1% 1.090
USD/JPY JPY= 90.7 -0.04% -0.040
10-YR US TSY YLD US10YT=RR 3.5199 -- 0.000
SPOT GOLD XAU= 1093.8 0.13% 1.450
US CRUDE CLc1 80.2 -0.25% -0.200
DOW JONES .DJI 9802.14 0.31% 30.23
ASIA ADRS .BKAS 121.03 0.82% 0.99
-------------------------------------------------------------
FOR MALAYSIAN ECONOMIC INDICATORS, CLICK ON [ID:nKLR158275]
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]) >China's
biggest bank to get Malaysia licence [ID:nKLR531784] >World
Bank raises East Asia GDP forecast [ID:nSGN002264]
>Malaysia's Sept exports fall 24.2 pct on-yr [ID:nKLA010463]
>Markets buzz with talk of China-Sime deal [ID:nSP546291]
ASIA MARKETS NEWS - For an outlook of Asian stock trading,
click on [STXNEWS/AS] - The Indonesian rupiah initially fell on
Wednesday on concerns tighter monetary policy could prompt more
government bond selling, but it rebounded after the central
bank kept rates on hold and sounded dovish on inflation.
[EMRG/FRX] - Most Southeast Asian markets rose on Wednesday,
recovering from losses the previous session, with banks and
palm oil stocks leading gains in Malaysia, pushing the market
to its highest in a week. [.SO]
(Reporting by Kuala Lumpur Newsroom)