The Star Online: Business
The Star Online: Business |
- Diary Malaysia June 3 Tuesday
- Nikkei leads in early Asian trade Tuesday after solid US data
- Palm oil/Vegoils: Market factors to watch June 3 Tuesday
| Posted: 02 Jun 2014 05:55 PM PDT KUALA LUMPUR: ALL TIMES ARE PROVISIONAL AND IN LOCAL TIME FOLLOWED BY GMT IN BRACKETS TUESDAY, JUNE 3 KUALA LUMPUR - YTL Corporation Bhd Group Managing Director Francis Yeoh and YTL Communications Deputy Chief Executive Officer Jacob Yeoh attend Pemandu's Global Malaysia Series -- We Are Family: We Are Global -- at the Conference Hall, Securities Commission, Bukit Kiara, at 0900am (0100). KUALA LUMPUR - US Ambassador to Malaysia Joseph Y. Yun attends US-Asean Business Alliance for Competitive SMEs Workshop, at the Grand Prince Ballroom, Level 3, Prince Hotel & Residence, at 0900am (0100). KUALA LUMPUR - SME Corp Malaysia Chief Executive Officer Hafsah Hashim attends US-Asean Business Alliance for Competitive SMEs Workshop, at the Grand Prince Ballroom, Level 3, Prince Hotel & Residence, at 0900am (0100). KUALA LUMPUR - Supermax Corporation Bhd annual general meeting, at Eastin Hotel, Petaling Jaya, at 1000am (0200). KUALA LUMPUR - Kuala Lumpur Mayor Ahmad Phesal Talib attends Seminar in Universal Design and Accessibility for Local Authorities at Mestika Perdana Hall, Institut Latihan DBKL, Bandar Tun Razak, at 0815am (0015). KUALA LUMPUR - Health Minister S.Subramaniam launches International Health Conference and Exhibition organised by the Association of Private Hospitals of Malaysia (APHM), at the Sunway Pyramid Convention Centre at 0815am (0015). KUALA LUMPUR - Works Minister Fadillah Yusof gives Excellence Service Award medals for his ministry at Tan Sri Mahfoz Khalid Hall, Kompleks Kerja Raya, Jalan Sultan Salahuddin, at 0900am (0100). FRIDAY, JUNE 6 KUALA LUMPUR- Release of Bank Negara's International Bank Reserves as at 30 May 2014 at 1700pm(0900 GMT) FRIDAY, JUNE 6 KUALA LUMPUR - Release of External Trade Data as at Apr 2014 at 1201pm (0401 GMT) SATURDAY, JUNE 7 KUALA LUMPUR- Market and Public Holiday- His Majesty's Birthday WEDNESDAY, JUNE 11 KUALA LUMPUR- Release of Index of Industrial Production Data as of Apr 2014 at 1201pm (0401). WEDNESDAY, JUNE 18 KUALA LUMPUR- Release of CPI Data as of May 2014 at 1700pm(0900 GMT) FRIDAY, JUNE 20 KUALA LUMPUR- Release of Bank Negara's International Bank Reserves as at 13 Jun 2014 at 1700pm(0900 GMT) MONDAY, JUNE 30 KUALA LUMPUR- Release of Money Supply Data June 2014 at 1700pm(0900 GMT) MONDAY, JUNE 30 KUALA LUMPUR- Release of Detailed Disclosure of International Reserves as at end May 2014 at 1200pm (0400 GMT) FRIDAY, JULY 4 KUALA LUMPUR- Release of External Trade Data as at May 2014 at 1201pm (0401 GMT) MONDAY, JULY 7, KUALA LUMPUR- Release of Bank Negara's International Bank Reserves as at 30 Jun 2014 at 1700pm(0900 GMT) THURSDAY, JULY 10 KUALA LUMPUR- Release of Index of Industrial Production Data as of May 2014 at 1201pm (0401). THRUSDAY, JULY 10 KUALA LUMPUR- Release of Interest Rates Decision(Overnight Policy Rates) at 18:00pm(1000 GMT) TUESDAY, JULY 15, KUALA LUMPUR- Market and Public Holiday- Nuzul Al-Quran WEDNESDAY, JULY 16 KUALA LUMPUR- Release of CPI Data as of Jun 2014 at 1700pm(0900 GMT) TUESDAY, JULY 22, KUALA LUMPUR- Release of Bank Negara's International Bank Reserves as at 15 Jul 2014 at 1700pm(0900 GMT) MONDAY, JULY 28, KUALA LUMPUR- Market and Public Holiday-Aidil Fitri TUESDAY, JULY 29, KUALA LUMPUR- Market and Public Holiday-Aidil Fitri THURSDAY, JULY 31, KUALA LUMPUR- Release of Money Supply Data July 2014 at 1700pm(0900 GMT) KUALA LUMPUR- Release of Detailed Disclosure of International Reserves as at end June 2014 1200pm (0400 GMT) WEDNESDAY, AUG 6 KUALA LUMPUR- Release of External Trade Data as at Jun 2014 at 1201pm (0401 GMT) THURSDAY, AUG 7 KUALA LUMPUR- Release of Bank Negara's International Bank Reserves as at 31 Jul 2014 at 1700pm(0900 GMT) MONDAY, AUG 11 KUALA LUMPUR- Release of Index of Industrial Production Data as of Jun 2014 at 1201pm (0401). WEDNESDAY, AUG 20 KUALA LUMPUR- Release of CPI Data as of Jul 2014 at 1700pm(0900 GMT) FRIDAY, AUG 22, KUALA LUMPUR- Release of Bank Negara's International Bank Reserves as at 15 Aug 2014 at 1700pm(0900 GMT) FRIDAY, AUG 29, KUALA LUMPUR- Release of Detailed Disclosure of International Reserves as at end July 2014 at 1200pm (0400 GMT) FRIDAY, AUG 29, KUALA LUMPUR- Release of 2nd Quarter 2014 GDP (Not Later Than) at 1800pm (1000 GMT) FRIDAY, AUG 29, KUALA LUMPUR- Release of Money Supply Data August 2014 at 1700pm(0900 GMT) SUNDAY, AUG 31, KUALA LUMPUR- Market and Public Holiday- National Day FRIDAY, SEP 5 KUALA LUMPUR- Release of External Trade Data as at Jul 2014 at 1201pm (0401 GMT) MONDAY, SEP 8, KUALA LUMPUR- Release of Bank Negara's International Bank Reserves as at 29 Aug 2014 at 1700pm(0900 GMT) THURSDAY, SEP 11 KUALA LUMPUR- Release of Index of Industrial Production Data as of Jul 2014 at 1201pm (0401). TUESDAY, SEP 16, KUALA LUMPUR- Market and Public Holiday- Malaysia Day WEDNESDAY, SEP 17 KUALA LUMPUR- Release of CPI Data as of Aug 2014 at 1700pm(0900 GMT) THURSDAY, SEP 18 KUALA LUMPUR- Release of Interest Rates Decision(Overnight Policy Rates) at 18:00pm(1000 GMT) TUESDAY, SEP 23, KUALA LUMPUR- Release of Bank Negara's International Bank Reserves as at 15 Sep 2014 at 1700pm(0900 GMT) TUESDAY, SEP 30, KUALA LUMPUR- Release of Money Supply Data September 2014 at 1700pm(0900 GMT) TUESDAY, SEP 30, KUALA LUMPUR- Release of Detailed Disclosure of International Reserves as at end August 2014 at 1200pm (0400 GMT) TUESDAY, OCT 07 KUALA LUMPUR- Release of External Trade Data as at Aug 2014 at 1201pm (0401 GMT) WEDNESDAY, OCT 8, KUALA LUMPUR- Release of Bank Negara's International Bank Reserves as at 30 Sep 2014 at 1700pm(0900 GMT) FRIDAY, OCT 10 KUALA LUMPUR- Release of Index of Industrial Production Data as of Aug 2014 at 1201pm (0401). WEDNESDAY, OCT 22, KUALA LUMPUR- Release of Bank Negara's International Bank Reserves as at 15 Oct 2014 at 1700pm(0900 GMT) WEDNESDAY, OCT 22, KUALA LUMPUR- Release of CPI Data as of Sept 2014 at 1700pm(0900 GMT) THURSDAY, OCT 23, KUALA LUMPUR- Market and Public Holiday- Deepavali SATURDAY, OCT 25, KUALA LUMPUR- Market and Public Holiday- Islamic New Year 1436H FRIDAY, OCT 31, KUALA LUMPUR- Release of Detailed Disclosure of International Reserves as at end September 2014 at 1200pm (0400 GMT) FRIDAY, OCT 31, KUALA LUMPUR- Release of Money Supply Data October 2014 at 1700pm(0900 GMT) THURSDAY, NOV 6, KUALA LUMPUR- Release of Interest Rates Decision(Overnight Policy Rates) at 18:00pm(1000 GMT) FRIDAY, NOV 7, KUALA LUMPUR- Release of Bank Negara's International Bank Reserves as at 31 Oct 2014 at 1700pm(0900 GMT) FRIDAY, NOV 7, KUALA LUMPUR- Release of External Trade Data as at Sept 2014 at 1201pm (0401 GMT) TUESDAY, NOV 11, KUALA LUMPUR- Release of Index of Industrial Production Data as of Sept 2014 at 1201pm (0401). WEDNESDAY, NOV 19, KUALA LUMPUR- Release of CPI Data as of Oct 2014 at 1700pm(0900 GMT) FRIDAY, NOV 21, KUALA LUMPUR- Release of Bank Negara's International Bank Reserves as at 14 Nov 2014 at 1700pm(0900 GMT) FRIDAY, NOV 28, KUALA LUMPUR- Release of 3rd Quarter 2014 GDP (Not Later Than) at 1800pm (1000 GMT) FRIDAY, NOV 28, KUALA LUMPUR- Release of Detailed Disclosure of International Reserves as at end October 2014 at 1200pm (0400 GMT) FRIDAY, NOV 28, KUALA LUMPUR- Release of Money Supply Data November 2014 at 1700pm(0900 GMT) FRIDAY, DEC 5, KUALA LUMPUR- Release of Bank Negara's International Bank Reserves as at 28 Nov 2014 at 1700pm(0900 GMT) FRIDAY, DEC 5, KUALA LUMPUR- Release of External Trade Data as at Oct 2014 at 1201pm (0401 GMT) THURSDAY, DEC 11 KUALA LUMPUR- Release of Index of Industrial Production Data as of Sept 2014 at 1201pm (0401). WEDNESDAY, DEC 17 KUALA LUMPUR- Release of CPI Data as of Nov 2014 at 1700pm(0900 GMT) MONDAY, DEC 22, KUALA LUMPUR- Release of Bank Negara's International Bank Reserves as at 15 Dec 2014 at 1700pm(0900 GMT) THURSDAY, DEC 25, KUALA LUMPUR- Market and Public Holiday- Christmas Day WEDNESDAY, DEC 31, KUALA LUMPUR- Release of Money Supply Data December 2014 at 1700pm(0900 GMT) WEDNESDAY, DEC 31, KUALA LUMPUR- Release of Detailed Disclosure of International Reserves as at end November 2014 at 1200pm (0400 GMT) NOTE: The inclusion of diary items does not necessarily mean that Reuters will file a story based on the event.- Reuters |
| Nikkei leads in early Asian trade Tuesday after solid US data Posted: 02 Jun 2014 05:50 PM PDT NEW YORK: Nikkei led Asian shares higher on Tuesday, supported by solid U.S. and Chinese manufacturing data, while the euro dragged its feet near a 3 1/2-month low on expectations of fresh monetary easing by the European Central Bank. Japan's Nikkei rose 1.0 percent to hit a two-month high while MSCI's broadest index of Asia-Pacific shares outside Japan was flat, not far from one-year high hit last week. Asian shares were bolstered by the U.S. Institute for Supply Management's manufacturing activity index May rising to 55.4 in May from 54.9 in April. The data initially caused some confusion in U.S. trade because the ISM initially announced a far weaker 53.2 and took nearly three hours to issue a correction. In the end, though, the corrected figure was nearly in line with expectations. Coupled with other data showing a rise in construction spending, it suggested a healthy recovery after the first quarter's weather-related contraction. The data followed a gauge of China's factory activity showing expansion at the fastest pace in five months in May, helping to lift MSCI's world index <.MIWD00000PUS> to a 6-1/2-year intraday high about 1.5 percent away from its lifetime record set in late 2007. "On the whole, the world's economy is looking up, growing at a moderate pace," said Ayako Sera, senior market economist at Sumitomo Mitsui Trust Bank. As solid gains in equity prices undermined the allure of safe-haven assets, gold flirted with four-month low of $1,240.65 an ounce hit on Monday, having fallen for five days in a row. It last traded at $1,244.79. Silver also stood near one-year low of $18.60 hit on Friday, changing hands at $18.74. The yield on the 10-year U.S. Treasuries posted the largest daily advance in more than six weeks on Monday, jumping back to 2.53 percent compared to 11-month low of 2.40 percent hit on Thursday. Global bond yields had fallen sharply in the past few weeks partly on expectations that the European Central Bank will adopt a series of easing measures at its meeting on June 5. Such expectations have driven the euro down, and the common currency stood at $1.3596, just a hair above its 3 1/2-month low of $1.3586 hit on Thursday. In contrast, the dollar index <.DXY> rose to its highest level since Feb 13 at 80.681, and last stood at 80.631, helped by the solid U.S. data. Against the yen, the dollar rose to 102.49 yen overnight, its highest in a month, though the currency is still stuck in a familiar range. The dollar's resurgence put some emerging market currencies under pressure. The Brazilian real fell to two-month low of 2.2770 to the dollar also due to the worsening economic outlook in the biggest economy in South America and uncertainty on the central bank's currency intervention program. The South African rand also hit a two-month low of 10.6960 to the dollar on Thursday, hurt by a recent raft of weak data. In Asia the Indonesian rupiah hit a three-month low of 11,785 to the dollar on an unexpected trade deficit in April. In Asia, the Australian and Indian central banks hold policy meetings later in the day, though neither of them is expected to change its policy rate- Reuters |
| Palm oil/Vegoils: Market factors to watch June 3 Tuesday Posted: 02 Jun 2014 05:47 PM PDT KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday. FUNDAMENTALS * Malaysian palm oil futures fell for a seventh straight session on Monday to hit their lowest in nearly seven-and-a-half months, as weak soyoil prices and disappointing export data dragged on the tropical oil. * U.S. soybean futures rose on Monday on signs of strong export demand that threatened to further deplete thin U.S. supplies, traders said. * Brent and U.S. crude oil futures fell in choppy trading on Monday, weighed on by a stronger dollar and recent data showing rising OPEC oil production. MARKET NEWS * Nikkei led Asian shares higher on Tuesday, supported by solid U.S. and Chinese manufacturing data, while the euro dragged its feet near a 3 1/2-month low on expectations of fresh monetary easing by the European Central Bank. RELATED > Weather favours Black Sea grain crops, brightens forecasts > Strategie Grains lifts EU rapeseed crop outlook to 21.8 MT > Malaysia's May palm exports up 7.8 pct m/m-ITS DATA/EVENTS > Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release Malaysia's June 1-10 palm oil export data on June 10. > Industry regulator the Malaysian Palm Oil Board (MPOB) to release data on Malaysia's end-May palm oil stocks, exports and production on June 10. Palm, soy and crude oil prices at 0044 GMT |
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