- US Markets were closed last night as Hurricane Sandy whips the U.S East Coast for the second day, US stock markets to reopen today after the worst storm in 75 years suspended trading for 2 days.
- Little movement overnight with Sandy hogging the headlines and trade volumes are low in Europe and Asia opened following suit.
- USDMYR opened at 3.0500 and we expect little movement, moreover its month end and year end, volumes are expected to be low today with range trading expected.
- Taiwan's economy expands by 1.02% y/y in 3Q12, lower than the 1.5% survey estimate.
- Walt Disney Co. to buy Lucasfilms Ltd for USD4.05bil in cash and stock, making it the owner of Hollywood's two most lucrative franchises. George Lucas will remain actively involved as creative consultant and become the largest non-institutional shareholder after receiving 40 million Disney shares.
- Yesterday, FBM KLCI was up 0.13% to 1,674.67
- New oilfield was discovered opposite Pahang, 160km off the off the shores of Peninsula Malaysia with an estimated depth of 76m. PM says Pahang is expected to receive a special payment of RM100mil per annum once production begins
Tuesday 30 October 2012
Market Update - 31 October 2012
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