May 30, 2013 / 12:42 AM / 4 years ago

Philippines - Market factors to watch on May 30

MANILA, May 30 (Reuters) - Following is a list of
company-related and market news that could affect the local
market.
    
---------------- MARKET SNAPSHOT AT 0020 GMT --------------
                   INSTRUMENT   LAST      PCT CHG   NET CHG
 S&P 500                        1648.36    -0.70    -11.70
 USD/JPY                        100.91     -0.22     -0.22
 10-YR US TSY YLD               2.12        0.00      0.00 
 SPOT GOLD                      1391.19    -0.09     -1.26
 US CRUDE                       92.95      -0.19     -0.18 
 DOW JONES                      15302.80   -0.69   -106.59
 ASIA ADRS                      138.50     -1.49     -2.09
 -----------------------------------------------------------
    
    GLOBAL MARKETS-Stocks fall, bonds rise on uncertainty about
Fed's plans 
    SE Asia Stocks-Mixed amid Fed stimulus concerns; Thai stocks
fall after rate cut 
    
    WHAT IS HAPPENING TODAY IN THE PHILIPPINES
    - National Statistical Coordination Board to release Q1 GDP
data, 10:00 a.m. [0200 GMT]
    - Maybank ATR Kim Eng Financial Corp holds annual
stockholders' meeting, Conference Rooms South A & B, 25/F Tower
One and Exchange Plaza, Ayala Avenue, Makati City, 10:00 a.m.
[0200 GMT]
    - Benguet Corp holds annual stockholders' meeting, Manila
Golf and Country Club Inc, Harvard Road, Forbes Park, Makati
City, 3:00 p.m. [0700 GMT]
    - Bankard Inc holds annual stockholders' meeting, Rooms
507-508 Yuchengco Institute for Advance Studies, level 5 Podium
4, RCBC Plaza, 6819 Ayala Avenue, Makati City, 2:30 p.m. [0630
GMT]
    
    STOCKS TO WATCH
    - SAN MIGUEL CORP 
      Conglomerate San Miguel's $1.3 billion five-year bullet
term loan will likely be increased to $1.5 billion, sources
said, with allocations now being finalized. 
    
    -     AYALA CORP 
    The conglomerate said in a statement it had completed the
placement of 5.18 million common shares held in treasury,
pricing the issue at 667 pesos per share to raise about 3.3
billion pesos ($78 million) to fund potential projects in the
infrastructure and power sectors. 
    
    MARKET NEWS
> Tokyo's Nikkei share average falls 3.11 pct           
> Wall St falls as bond yields hit high dividend stocks 
> TREASURIES-Prices gain, take yields off 13-mth highs 
> U.S. dollar weakens but upward trend appears intact 
> Gold rises 1 pct on physical demand, drop in stocks 
> Oil slides with Wall St and on energy demand worry   
    
    REUTERS NEWS - PHILIPPINES
> Q1 GDP seen spurred by domestic demand        
> Universal, Robinsons fail to reach casino deal 
> Peso hits 9-month low on Fed policy angst     
> Globe Telecom near 1-wk high on network deal  
> South China Sea tension mounts near shipwreck 
    
    ASIA-PACIFIC STOCK MARKETS
    S.Korea       China      Hong Kong    
    Taiwan       India       Australia/NZ 
     
    OTHER MARKETS
    Currency      Eurostocks      JP bonds  
    ADR Report    LME metals  
         
    STOCKS NEWS
    US 
    Europe 
    Asia   
    
    DIARIES & DATA: 
    Philippines diary   
    U.S. earnings diary     
    European diary      
    Asia Macro         
        
    TOP NEWS
    Front Page         Asian companies 
    U.S. company News European companies 
    Forex news          Global Economy 
    Tech, Media and Telecoms 
    Financials          General/political 
    A multimedia version of Reuters Top News is available at: 
    topnews.session.rservices.com
    

 (Reporting by Erik dela Cruz)

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