http://www.nst.com.my/node/42198

On oil

Mobius says the impact of shale gas discovery will change the dynamics of the global economy as well as oil prices, without a doubt.

“However, it should be noted that in addition to the US, emerging markets such as Poland, Romania, Mexico, Argentina and China also have shale gas reserves. Thus, shale gas production could benefit a number of economies globally,” he says.

With the US becoming a net oil exporter over the next few years, Mobius, however, does not foresee any major impact on oil prices, as he feels that the reduced demand from the US will be offset by growing energy demand from countries globally.

“Also the current exploitation of shale gas globally is not huge enough to offset the global demand for oil,” he says.

"Generally, the equity market will experience volatility in October and will stabilise as it moves into November," he told Bernama.

Meanwhile, the Budget 2015 announcement by the Prime Minister Datuk Seri Najib Razak on Friday would provide a cushion for the local market next week.

The FBM KLCI dived 20 points at close to a nearly 10-month low of 1,808.88 on Friday weighed down by financial stocks.

Friday closing Index down by 21 points heavy selling on blue chips, Monday rebound klci up so Suma may follow index!

Whatever we say there must be civility in our language but our education system to be blamed?

Why all comments missing?????

According to Fisher the timing of normalisation is intact all depends on US "when" depression is good for stock mkt...?

X
"In determining the pace at which our monetary accommodation is removed, we will, as always, be paying close attention to the path of the rest of the global economy and its significant consequences for U.S. economic prospects."

Large developing nations like India and Brazil have been concerned a rise in U.S. rates could suck investment away from their economies, just as they earlier criticized the Fed's bond-buying stimulus as a "currency war" that caused a fast increase in their currency values.

Fischer said in the keynote IMF address that the Fed's crisis programs, which pumped trillions of dollars into global markets, have on the whole benefited the rest of the world.

"The net effect on foreign economies appears to be both modest in magnitude and most likely positive, on net, for most countries," he said.

In addition, he said U.S. central bank officials have given national governments and investors plenty of time and clear signals to prepare for a shift in policy.

The Fed is "going to great lengths to communicate policy intentions," Fisher said. "Markets should not be greatly surprised by either the timing or the pace of normalisation." - Reuters
12/10/2014 14:34

"In determining the pace at which our monetary accommodation is removed, we will, as always, be paying close attention to the path of the rest of the global economy and its significant consequences for U.S. economic prospects."

Large developing nations like India and Brazil have been concerned a rise in U.S. rates could suck investment away from their economies, just as they earlier criticized the Fed's bond-buying stimulus as a "currency war" that caused a fast increase in their currency values.

Fischer said in the keynote IMF address that the Fed's crisis programs, which pumped trillions of dollars into global markets, have on the whole benefited the rest of the world.

"The net effect on foreign economies appears to be both modest in magnitude and most likely positive, on net, for most countries," he said.

In addition, he said U.S. central bank officials have given national governments and investors plenty of time and clear signals to prepare for a shift in policy.

The Fed is "going to great lengths to communicate policy intentions," Fisher said. "Markets should not be greatly surprised by either the timing or the pace of normalisation." - Reuters

"In determining the pace at which our monetary accommodation is removed, we will, as always, be paying close attention to the path of the rest of the global economy and its significant consequences for U.S. economic prospects."

Large developing nations like India and Brazil have been concerned a rise in U.S. rates could suck investment away from their economies, just as they earlier criticized the Fed's bond-buying stimulus as a "currency war" that caused a fast increase in their currency values.

Fischer said in the keynote IMF address that the Fed's crisis programs, which pumped trillions of dollars into global markets, have on the whole benefited the rest of the world.

"The net effect on foreign economies appears to be both modest in magnitude and most likely positive, on net, for most countries," he said.

In addition, he said U.S. central bank officials have given national governments and investors plenty of time and clear signals to prepare for a shift in policy.

The Fed is "going to great lengths to communicate policy intentions," Fisher said. "Markets should not be greatly surprised by either the timing or the pace of normalisation." - Reuters

In war u need plenty of oil n is costly so to reduce cost,can i say US collaborating with Saudi to dump oil in favour of US,Britain n France etc...correct me if i am wrong!!!

"Namun sekarang,Putrajaya ada banyak duit sehingga boleh memiliki 7 jet kerajaan"..."Kerajaan patut potong kos,bukan potong subsisdi rakyat Malaysia".....by Dr. M

Gentlemen..please be reminded to have some civility in language becoz everything is becoming seditious now...just a casual cautioning!

Any expert there: "what is d reason for sudden dumping of oil" which is jeopardising global shares.Is it done on purpose for major correction on overheated share prices??????....tks.

Saudi Arabia pumped billions of barrels of oil in the last 25 years, yet their “reserves” jumped from 172.6 billion barrels in 1989, to 257.6 billion barrels in 1990 and are stated at 267 billion barrels today. Taking a 40% haircut for the kingdom’s overstatement means Saudi Arabia’s reserves are 160 billion barrels and falling. With U.S. crude oil reserves at 150 billion barrels in 2012 and passing 205 billion barrels in 2016, America again has the largest crude oil reserves in the world.

http://www.breitbart.com/Big-Peace/2014/04/16/American-Oil-Reserves-Now-Top-Saudi-Arabia

On oil

Mobius says the impact of shale gas discovery will change the dynamics of the global economy as well as oil prices, without a doubt.

“However, it should be noted that in addition to the US, emerging markets such as Poland, Romania, Mexico, Argentina and China also have shale gas reserves. Thus, shale gas production could benefit a number of economies globally,” he says.

With the US becoming a net oil exporter over the next few years, Mobius, however, does not foresee any major impact on oil prices, as he feels that the reduced demand from the US will be offset by growing energy demand from countries globally.

“Also the current exploitation of shale gas globally is not huge enough to offset the global demand for oil,” he says.

On oil

Mobius says the impact of shale gas discovery will change the dynamics of the global economy as well as oil prices, without a doubt.

“However, it should be noted that in addition to the US, emerging markets such as Poland, Romania, Mexico, Argentina and China also have shale gas reserves. Thus, shale gas production could benefit a number of economies globally,” he says.

With the US becoming a net oil exporter over the next few years, Mobius, however, does not foresee any major impact on oil prices, as he feels that the reduced demand from the US will be offset by growing energy demand from countries globally.

“Also the current exploitation of shale gas globally is not huge enough to offset the global demand for oil,” he says.

On oil

Mobius says the impact of shale gas discovery will change the dynamics of the global economy as well as oil prices, without a doubt.

“However, it should be noted that in addition to the US, emerging markets such as Poland, Romania, Mexico, Argentina and China also have shale gas reserves. Thus, shale gas production could benefit a number of economies globally,” he says.

With the US becoming a net oil exporter over the next few years, Mobius, however, does not foresee any major impact on oil prices, as he feels that the reduced demand from the US will be offset by growing energy demand from countries globally.

“Also the current exploitation of shale gas globally is not huge enough to offset the global demand for oil,” he says.

I think US may not be serious on Shale Oil as they may be killing global economy n their investment funds may not be able to make money n US may not have cash to go to war.Right now they may be happy becoz for war u need a lot of oil n is cheap now..so Britain,France, Germany may be happy...bla bla.....the way i think !!!!!!!

Noraini: stocks in general up/down follow our index n is being controlled by external factors.Right now Saudi,Iraq, Libya etc r dumping oil in d mkt n price drop is scary n what is d politics/reason behind this? Japan came with synthetic rubber during second world war as rubber land was occupied by d British n posed a danger to natural rubber. Now d Arabs r pushing US to make Shale oil viable n in d process they may develop some mechanism to extract shale oil cheaper then crude oil.. then what happens? Right now Suma is down becoz of global crisis nothing to do with HS. Whatever it is, Opec is meeting next month n I feel crude oil may rebound.

Nt7 news: oversold blue chips on Friday expected to rebound on Monday but mkt still bearish!

"It smells like there is a high degree of involvement from systematic traders, rather than fundamental traders. The magnitude of the move has been disproportionate to the change in the fundamentals"

What is overvalued n undervalued...no oil also Hibiscus is 1.40...Suma is good, oil price have to stabilise.

Shares financial crisis started since late 1880's n keeps going in a cycle.Jews r genius, Hitler knew this n killed 4 million jews n George Sorrows escaped from Hitler n landed in US.Imagine if those 4m jews not killed.Imagine if no correction on share price may touch d sky n what happens..????? To me d oil price is being brought down for a good reason?

Well lets wait n see whether "nonsense" or otherwise, u seems to be suffering from some inferiority complex.If oil price don't stabilise Countries economy will go crashing n US economy will be affected n how r they going to maintain their status as a "big brother" of this world.

US using oil price as a target to bring down Global shares which i say a "major correction" 2 mths ago my friend gave me d message but did not belief him.US n Saudi both buddies r playing dirty game.Saudi having huge investment in US they too want to protect their interest.Check in d googles some of u r not born yet...how US crashed d rubber price...they bought rubber n kept in d stock n released below mkt price n rubber tappers had no money to buy rice (countries have to borrow money from world bank) n I see somewhat same style being repeated.I dont blame them...they r Jews with super brain!!!!!!! Again they tried n that was Asian Crisis but thats when our Tun M pegged d ringgit n saved Malaysia from borrowing money from World Bank..he is great.Now N is coming with some goodies in d budget to save Malaysia from being attacked by currency traders...just be patient matter of time oil price Have to Stabilise! We too having our own expertise to defend d country in d event of a financial crisis.

Government must raise civil servant salaries in the wake of the Goods and Services Tax (GST) which will be implemented next year, the union said.

The Congress of Unions of Employees in the Public and Civil Services (Cuepacs) said the union is seeking up to 30 percent increase across the board.....how much money u give a person always not enough.Greece kept on increasing d wages of civil servants n d country went bust.Everybody must work very hard n increase productivity.

Try to study n get your facts straight what happened in Asian crisis...no more argument from me on this subject.

IBFM may use d Budget for a rally but at this time Dow bad. What i see Saudi dumping oil to fight Shale oil but i thought US n Saudi r buddies...any comments.

We must agree that after d Asian Crisis our banks were merged to withstand currency traders n of course a good job was done while i agree in our country a lot of good can be done. Cmmountry with main 3 different races plenty can be achieved sad case our talents,intellectuals have left n r still leaving...policies have to change n english medium schools shd return.I see only one solution, English medium will change d mind set n ppl become less fanatic.

Malaysian market can withstand foreign money exit
KUALA LUMPUR: The Malaysian stock market should be able to withstand the tide of foreign selling by foreign fund managers as the economy is fundamentally strong, according to Kenanga Investment Bank Bhd.

The Government, said Najib, was on track to meet its fiscal deficit targets, which included reducing the deficit to 3.5% by the end of this year and 3% by the end of 2015.
...........hope Klci goes for pre rally budget run

Speaking on the eve of tabling Budget 2015, the Prime Minister said the Government was committed to undertaking deficit reduction measures as “it is wrong to pass the burden of debt to the next generation”.

“We must pass on a stronger economy with less debt.

“We must do what is right for Malaysia’s economy, not what is popular.

RM94b mega deal
By ZAIDI ISHAM - Thursday, 9 October 2014.
MILESTONE: RHBCap-CIMB-MBSB’s proposed merger by far the biggest deal in corporate Malaysia........Klci gets stronger n defensive.

KUALA LUMPUR (Oct 9): Securities Commission Malaysia (SC) today announced that Malaysia records a higher score of 58% in the biennial Corporate Governance Watch 2014 Report (CG Watch), as compared to 49% in 2007.

“The report drew attention to the sustained and concerted efforts by Malaysia in driving governance reforms, resulting in Malaysia becoming the only market out of the Asia Pacific countries assessed, that consistently improved its scores in each of the last four surveys,” the press release by SC reads.

A lot of positive news for Klci to spike so why shd Suma drop below 38...lets see Dow after 9.30pm.

Sime Darby Bhd has made an offer to buy all shares in New Britain Palm Oil Ltd (NBPOL), which includes Kulim (M) Bhd's 49% stake, for a total of RM5.62 billion.

CIMB Group Holdings Bhd, RHB Capital Bhd (RHBCap) and Malaysia Building Society Bhd (MBSB) have reached an agreement on a merger deal that will see the three parties forming the country’s biggest banking group.

Global shares up,USD down boosting crude oil price so why shd Suma drop maybe range bound 38-405...my2c.

Brent crude for November advanced 23 cents to US$91.61 after tumbling to a two-year low the day before.

Oil prices rebounded after a recent sell-off. US benchmark West Texas Intermediate (WTI) for November delivery was up 40 cents at US$87.71 a barrel in afternoon trade after hitting an 18-month low in New York on Wednesday.

The news pushed US shares up, with the Dow rising 1.62%, the S&P 500 jumping 1.73% and the Nasdaq climbing 1.9%.

HONG KONG: Asian markets mostly rose Thursday following an upswing on Wall Street, as minutes from the Federal Reserve's latest meeting indicated policymakers were nervous about hiking interest rates too soon.

In commodities trading, U.S. crude oil prices rebounded from a 1-1/2-year low hit overnight, adding about 0.2 percent to $87.60 per barrel, while Brent crude, the European benchmark, rose off Wednesday's two-year low to gain 0.2 percent on the day to $91.57. A weaker dollar makes dollar-denominated assets cheaper for holders of other currencies.

#Global Markets* Stocks roar Fed approval; dollar, bond yields wilt
Thursday, 09 October 2014 17:00
LONDON (Oct 9): World stock markets roared their approval on Thursday of reassurances the U.S. Federal Reserve will not rush into raising interest rates, with risk appetite flooding back into almost every asset class.

The dollar jolted lower, while oil and commodity prices rose. Bond yields in large parts of Europe, which have plunged during years of cheap funding from the Fed
and the world's other major central banks, hit new record lows.

KUALA LUMPUR: The FBM KLCI eked out small gains early Thursday morning, but overall trading was lacklustre in the absence of strong leads from local funds, ahead of the Budget 2015 tomorrow afternoon.

Many bought @ 38 hoping may hit 41 tomorrow?

CIMB, RHB Cap, MBSB suspended for merger update......tonight got news may spike Klci tomorrow

Shale oil is d last resort.