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Malaysia-Market factors to watch July 2
July 2, 2012 / 12:28 AM / in 5 years

Malaysia-Market factors to watch July 2

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 the Kuala Lumpur newsroom at +603 2333 8046 or via email at WHAT IS HAPPENING IN MALAYSIA, TIMES LOCAL FOLLOWED BY GMT: (The inclusion of diary items does not necessarily mean that Reuters will cover the event). > Prime Minister Najib Razak attends monthly gathering of Prime Minister's Office at Dataran Perdana Putra, Putrajaya at 0800am (0000). > E-pay (M) Sdn Bhd signs strategic partnership agreement with Petronas Dagangan Bhd at Petronas Twin Towers, Kuala Lumpur at 1400pm (0600). > Deputy Prime Minister Muhyiddin Yassin attends meeting of National Students Consultative Council at Putrajaya Convention Centre at 1400pm (0600), launches Siswa 1Malaysia discount card at Putrajaya Convention Centre at 1640pm (0840) and attends Tourism Floral Parade 2012 at Putrajaya at 2045pm (1245). MARKET SNAPSHOT: * The Malaysian benchmark stock index rose 0.31 percent on Friday, led by gains in engineering and construction works company Malaysia Marine and Heavy Engineering Holdings Bhd which rose 2.51 percent, and gaming operator Genting Malaysia Bhd which rose 2.27 percent. * U.S. stocks surged on Friday to close out a sour quarter on a high note a s investors cheered an agreement by European leaders to stabilize the region's banks, a pact that helped remove some of the uncertainty that has plagued markets. * The euro jumped nearly 2 percent, oil prices surged and world stocks rallied on Friday after euro zone leaders agreed on measures to cut soaring borrowing costs in Italy and Spain, in addition to directly recapitalizing regional banks. * Malaysian crude palm oil futures ended higher on Friday after European leaders agreed on measures to tackle the region's debt crisis, easing concern over global economic growth and commodity demand. * To see Malaysian central bank regular money market tenders issued at around 0930 local please click on the following link here

IN THE NEWS REUTERS MALAYSIA (Click on ) > Malaysia’s May broad money up 13.2 pct on > Petronas sells Aug Muda at wider discount > Trafigura, Masteel in $156 mln steel supply deal > Malaysia’s end-May detailed foreign reserves > Singapore wants foreign banks to go local > Maybank prepared to locally incorporate S‘pore retail ops-CEO > Malaysia’s June palm oil exports up 4.9 pct-ITS > CNOOC to push S.China Sea oil, gas development > BofA, Goldman among beneficiaries of Malaysia deal boom

* For an outlook of Asian stock trading, click on * Most emerging Asian currencies rallied on Friday as investors covered short positions after European leaders unexpectedly agreed measures to ease their debt crisis and bank problems, although Asia regional units are headed for quarterly losses. * Stocks in Singapore and Indonesia climbed more than 1 percent while most others in Southeast Asia ended higher on Friday, led by large caps and commodities linked stocks, as investors cheered some improving signs about debt problems in Europe.

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