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Published: Monday October 8, 2012 MYT 8:12:00 AM
Updated: Monday October 8, 2012 MYT 8:18:05 AM

Malaysia-Market factors to watch on Oct 8(Monday)


KUALA LUMPUR: Following is a list of events in Malaysia as well as news company-related and market news which could have an influence on the local market. GLOBAL MARKETS-Shares gain, bonds tumble as U.S. unemployment falls

SE ASIA STOCKS-Indonesia at record for 2nd day; commodities lead

WHAT IS HAPPENING IN MALAYSIA, IN TIMES LOCAL FOLLOWED BY GMT:

* Hack In The Box 2012 Conference at InterContinental Hotel Kuala Lumpur at 0900 (0100) (to October 8th-11th).

* Opening of National Bank of Abu Dhabi-Malaysia subsidiary at Mandarin Oriental Hotel, Kuala Lumpur at 1500pm (0700).

MARKET NEWS

> Nikkei edges up as riskier assets in favour but profit warnings weigh

> S&P 500 dips after four days of gains; earnings eyed

> Prices fall as jobless rate improves, new supply due

> Improvement in U.S. jobs data lifts dollar vs yen

> Gold drops from 11-month high after US payroll

> Oil dips as weak global economy offsets rise in US jobs

> Palm oil ends higher; export tax cut decision on hold

MALAYSIA IN THE NEWS:

> Migrants, church may end Malaysia government's Borneo vote bank

> Philippines, Muslim rebels agree landmark peace deal

> Malaysia widens crackdown on gold trading companies

> Canada gives Malaysian bid for Progress more scrutiny

> White House said to be frustrating US drug companies in Asia trade talks

> Malaysia's Maybank plans $1.2 bln share offer-IFR

> Philippines, Muslim rebels say peace talks extended

> Britain to appeal Kenya torture judgement

> Malaysia delays decision on crude palm oil export tax-official

> Malaysia's c.bank reserves at $137.5 bln on Sept 28

> Genting HK seeking shares in Australia's Echo-fund manager

> Top rubber producers set mechanism to prop up prices-source

> Malaysia's September palm oil stocks likely hit record high

> Malaysia's August exports slump the most in 3 years

> ADB to help in adoption of Islamic finance standards - Reuters

VEGOILS-Market factors to watch 08/10/12(Monday)

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday.

FUNDAMENTALS

* Malaysian palm oil futures ended higher on Friday as steep losses earlier in the week helped lure buyers back into the market, while there was also some positioning ahead of a now delayed decision on a proposal to cut palm oil export taxes.

* U.S. corn fell on Monday, extending losses into a second consecutive session, as the rapid pace of the Midwest harvest weighed on the grain. Soybeans and wheat were steady.

* Oil prices fell in volatile trading on Friday and posted weekly losses as a fragile global economy and uncertainty about Europe's debt crisis offset support from a better-than-expected U.S. employment report.

MARKET NEWS

* Global shares edged higher on Friday and Treasury prices tumbled after the U.S. unemployment rate unexpectedly fell to a near four-year low, pointing to improvement in the labor market.

* Oil prices fell on Friday, capping a volatile week, and most other commodities were down too on investor worry over the fragile global economy and Europe's unresolved debt crisis.

RELATED NEWS

> Grains Week Ahead-Next leg of soy drought rally hinges on USDA

> Hedge fund commods bets up in banner week for gas, gold

> Malaysia delays decision on crude palm oil export tax-official

> Malaysia's September palm oil stocks likely hit record high

DATA/EVENTS > ADVISORY-Key USDA reports for week of Oct 7

> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance will issue Oct. 1-10 exports data for Malaysia on Wednesday.

> Industry regulator Malaysian Palm Oil Board will release September stocks, production, exports and imports data for Malaysia on Wednesday. - Reuters

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