|
|
 |
Sep 03, 2010, 09:50 AM (GMT+8) |
|
|
 |
Morning Call
|
Morning Call |
Afternoon Update |
Evening Wrap
|
|
|
|
| Last Updated: 3-Sep-2010
9:30 am
|
|
| GlobalScan |
- Burger King Call-Option Trading Surged Before 3G Capital's Takeover Offer
- Time Warner Cable, Disney Reach Fee Agreement for ESPN, ABC
- Mariner Holdings Buys Stake in $760 Million of Real Estate Loans From FDIC
- Samsung, Toshiba `Me-Too' Tablets Seek Price Edge to Fight IPad
- Otsuka Said to Hire Morgan Stanley, Nomura, UBS to Manage Drugmaker's IPO
- Goodman Wholesale Plans to Sell A$250 Million of Commercial Mortgage Notes
|
| LocalScan |
|
|
| FeaturedHeadline |
Malaysia-Market factors to watch Sept 3
KUALA LUMPUR, Sept 3 (Reuters) - Following is a list of events in Malaysia as well as news stories and press reports which may influence financial markets.
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)
- Possible 3-yr MGS tender announcement
- International Trade and Industry Minister Mustapa Mohamed holds dialogue with rubber and rubber-based industry associations at the Ministry of International Trade and Industry, Jalan Duta at Kuala Lumpur, 0900am (0100) .
MARKET SNAPSHOTS * Malaysia's key share index rose 0.13 percent to hit a 2 ½ year high in-line along with regional markets in response to positive U.S. manufacturing data. Malaysia also reported higher-than-expected export numbers yesterday. [ID:nSGE68113Y] <.KLSE> [.KLSE] * U.S. stocks rose on low volume on Thursday as data showed improvement in housing and the job market a day ahead of the critical monthly payrolls figures .[.N] * U.S. crude oil futures rose for a second day on Thursday as Hurricane Earl threatened U.S. East Coast refineries and an explosion hit an offshore oil and gas platform in the Gulf of Mexico. [O/R] * For global market news, click on [MKTS/GLOB] * Malaysian crude palm oil futures ended marginally higher on Thursday on steady crude oil prices, but concerns over slower overseas demand and bumper soy crops in America continued to weigh. [POI/] * To see Malaysian central bank regular money market tenders issued at around 0930 local please click on the following link https://fast.bnm.gov.my/fastweb/public/MainPage.do?mode=MAIN * To see Islamic finance stories from Malaysia and elsewhere click on [ID:nISLAMIC] * For Malaysian stock recommendations hit <.KL> or [MY-RCH] ----------------------MARKET SNAPSHOT @ 2312 GMT -------------
INSTRUMENT LAST PCT CHG NET CHG S&P 500 <.SPX> 1090.1 0.91% 9.810 USD/JPY 84.25 -0.04% -0.030 10-YR US TSY YLD 2.6267 -- 0.000 SPOT GOLD 1250.35 -0.03% -0.390 US CRUDE 74.88 -0.19% -0.140 DOW JONES <.DJI> 10320.10 0.49% 50.63 ASIA ADRS <.BKAS> 121.53 -0.15% -0.18 -------------------------------------------------------------- FOR REALTIME MALAYSIAN ECONOMIC INDICATORS, HIT 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]) > Malaysia cbank stands pat, no more hikes in 2010 [ID:nSGE681165] > Malaysia July exports up 13.5 pct on yr [ID:nKLA002248] > Navis eyes Carrefour S'pore, Malaysia assets [ID:nSGE681054] > Southeast Asia drinks sector sparkle [ID:nSGE67T03C] MARKETS NEWS * For an outlook of Asian stock trading, click on [STXNEWS/AS] * The Philippine peso rose on Thursday as investors bought emerging market stocks and other riskier assets after strong U.S. factory data, while Thailand said it would monitor the baht's appreciation. [EMRG/FRX] * New bonds from state-owned Korean Development Bank (KDB) rose in their debut on Thursday led by heavy demand from investors searching for higher returns after the summer lull. [ASIA/DBT] * Thai stocks ended with slim gains on Thursday, erasing most of an early rise due to late selling in heavyweight energy and petrochemical shares after a Thai court suspended some plants at the country's top industrial estate.
|
|
ASIA-Shares set to rise ahead of payrolls
Asian stocks will probably gain on Friday, as positive U.S. data boosted confidence that the world's largest economy will avoid a double-dip recession.
The main Wall Street indexes gained between 0.5 percent and 1.1 percent, as better-than-expected jobs and housing data raised investor confidence ahead of the crucial monthly payrolls figure due later on Friday. [ID:nN02194957]
The housing and labour markets are seen as two of the key concerns for the U.S. economy at the moment, and analysts are expecting the payrolls data to show a drop of 100,000 jobs in August, with a shock either way seen as likely to provoke a sharp market reaction. [ECONUS]
Chipmakers <.SOX> and homebuilders <.DJUSHB> both had a strong session, with retailers <.MVR> also gaining on the back of solid sales during August. [ID:nN02146293]
Asian stocks listed on Wall Street <.BKAS> fell 0.15 percent.
British <.FTSE> shares crawled 0.1 percent higher, while European <.FTEU3> shares dipped 0.1 percent, with markets trading sideways ahead of the U.S. payrolls data.
The U.S. dollar fell as the data encouraged investors back into riskier trades, while the yen was flat, shrugging off comments from Japanese Prime Ministerial candidate Ichiro Ozawa that action was needed on the currency's strength. [ID:nTKF106994]
Japanese markets are seen posting steady gains, with Nikkei futures traded in Chicago <2NKc1> 70 points above the last closing level in Osaka .
Australian shares are also seen making a positive start, helped by a rise in metal prices , with share index futures up 30 points to 4,559, a 26.3 point premium to the close of the underlying S&P/ASX 200 <.AXJO> index.
HEADLINES: > US economic data damp down fears of new recession [nN02194957] > Burger King agrees to $3.3 bln sale to 3G Capital [nN02193380] > No sign of oil after Gulf platform fire-Gov't [nN02220827] > 'Quote stuffing' a focus in flash crash probe [nN02205613] > Wall St rises on economic hopes ahead of payrolls [nN02244581] > Foreign shares edge up after U.S. data [nN02225242] > Apple, Google to clash in music space by Christmas[nN02238852] > Bernanke takes blame for muddled message on Lehman[nN02191858] > HP wins 3PAR for $2.4 bln, Dell drops out [nN02238002] > Discounts, heat fuel August US retail sales beat [nN02146293] > ECB extends banks' liquidity lifeline into 2011 [nLDE6810DM] > China investors approach Canada fund on Potash [nN02226941] > Samsung to challenge Apple's iPad with own tablet [nLDE6811ZD] --
KEY INDEXES pct change
Bank of New York Asia ADR index <.BKAS> -0.15
Dow Jones Industrial Average <.DJI> +0.49
Nasdaq Composite Index <.IXIC> +1.06
Nikkei futures in Chicago <2NKc1> 9,110
Nikkei futures in Osaka 9,040
--
TOP ASIA EVENTS:
For more Asian company earnings, see ASIA/EQTY
JAPAN - Ministry of Finance survey on corporate capital
spending for April-June. [JPBUSX=ECI]
AUSTRALIA - AIG/CBA services PSI
STH KOREA - Revised Q2 gross domestic product data
|
|
U.S. Stocks Increase a Day After the Biggest S&P 500 Advance Since July
U.S. stocks rose, with the Standard & Poor's 500 Index building on its biggest rally in almost two months, after retail sales improved, initial jobless claims fell and pending home sales unexpectedly increased. Nordstrom Inc., J.C. Penney Co. and Limited Brands Inc. advanced at least 3.2 percent after reporting August same-store sales that beat analyst estimates. Burger King Holdings Inc. gained 25 percent after affiliates of 3G Capital offered $4 billion for the company. Mariner Energy Inc. sank 2.6 percent after an explosion at its Gulf of Mexico rig. The S&P 500 increased 0.9 percent to 1,090.10 at 4 p.m. in New York, the biggest two-day gain since early July. The Dow Jones Industrial Average climbed 50.63 points, or 0.5 percent, to 10,320.10. Stocks rebounded yesterday from the biggest August plunge in nine years, with the S&P 500 surging 3 percent, as faster- than-estimated growth in manufacturing tempered concern that the global economy will slow as governments withdraw stimulus measures. The S&P 500 remains 10 percent below this year's high in April amid concern that a slowdown in the economic recovery is harming the profitability of its companies.
|
|
|
 |
|
|
|
|
