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LATEST WEEKLY MARKET VIEWS (11/02/2019)

(1) Crude Palm Oil  

Malaysia palm oil futures slumped to post the first weekly decline on last Friday, as crude oil headed for its worst week this year and soybean oil also fell. The benchmark palm oil contract for April 2019 closed down 1.2 percent at 2,290 ringgit a tonne, its sharpest daily fall in over a week, but ended the week down 0.4 percent after three weeks of gains.

Read More: Crude Palm Oil Weekly

ITS, SGS and MPOB data

(2) Metals

Gold prices were held steadily above the psychological level $1,300 as US and China miss summit chance boosting the price of precious yellow metal. However, contrary to the inverse relationship between the greenback and gold, dollar is rallying along.

Read More: Metals Weekly

(3) Crude Oil

Oil futures were stuck in a tight trading range Friday, with the U.S. benchmark ending slightly higher but suffering a weekly loss of nearly 5%. Prices were trading in a weekly range between $51.80 and $55.75 per barrel.

Read More: Crude Oil Weekly

 

(4) Financial Weekly

The FBM KLCI closed slightly higher for the week on long holiday, as renewed worries about the United States-China trade dispute .

Read More: Financial Weekly

 

(5) Grains Weekly

CBOT March Soybean futures dropped marginally last week for its second straight weekly decline.

Read More: Grains Weekly

 

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