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LATEST WEEKLY MARKET VIEWS (14/01/2019)

(1) Crude Palm Oil  

Malaysia palm oil futures dropped for a second consecutive session on last Friday to the lowest in a week after official data showed stockpiles in the world’s second-largest supplier
Malaysia beating estimates and climbing to a new record in December. The prices earlier fell to 2,146 ringgit, its lowest since Jan. 4, but traded flat for the week. Malaysian palm oil futures recouped earlier losses to end higher on last Friday, tracking strength in crude oil prices. The earlier losses is due to concerns that record stockpiles were continuing to swell in Malaysia. The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange closed up 1% at 2,172 ringgit, after touching an intraday high of 2,178 ringgit. Palm gained 2.4% this week, charting a third weekly gain in four.

Read More: Crude Palm Oil Weekly

ITS, SGS and MPOB data

(2) Metals

Gold prices edged up while the U.S. dollar was little changed as investors await further news on additional rate hikes in the coming months.

Read More: Metals Weekly

(3) Crude Oil

Oil futures ended lower Friday, pulling back a day after U.S. prices tallied their longest streak of consecutive session gains in nine years, but scoring a second weekly climb in a row. Prices were trading in a weekly range between $48.11 and $53.31 per barrel.

Read More: Crude Oil Weekly

 

(4) Financial Weekly

Bursa Malaysia rose 0.8 per cent to closed at 1683.22 supported by buying interest in penny stocks and selected heavyweights. A dovish stance from Fed also bolstered the Asian markets.Bursa Malaysia fell 1.3 per cent last week as market sentiment was generally weak on lack of catalysts.

Read More: Financial Weekly

 

(5) Grains Weekly

CBOT March Soybean futures fell more than 1 percent in a week, posting the fourth weekly decline in five weeks.

Read More: Grains Weekly

 

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