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LATEST WEEKLY MARKET VIEWS (20/01/2020)

(1) Crude Palm Oil 

Malaysian palm futures fell sharply on Friday and posted their worst weekly decline in more than 11 years, dragged down by India’s import restrictions on the refined product and an export tax hike. The benchmark contract April 2020 closed down 43 ringgit, or 1.5%, at 2,843 ringgit ($701.63), its lowest in a month. The week’s decline of 9.2% is the biggest since October 2008.

Read More: Crude Palm Oil Weekly.

ITS, SGS and MPOB data

 

(2) Metals

Gold edged higher on Friday but was on track to post its first weekly decline in six as solid Chinese data and a preliminary U.S.-China trade deal improved risk appetite.

Read More: Metals Weekly

 

(3) Crude Oil

Oil futures ended with a modest gain on Friday, but registered a loss for a second week in a row as traders continued to weigh the prospects for energy demand in the wake of the China-U.S. trade deal and Senate approval of the U.S.-Mexico-Canada trade pact this week. Prices were trading in a weekly range between $57.36 and $59.27 per barrel.

Read More: Crude Oil Weekly

 

(4) Financial Weekly

Malaysia stocks closed higher for the week, as investor sentiment globally was buoyed after the release of Chinese growth data which suggest improvements in Chinese business confidence, amid the easing of US-China trade tensions.

Read More: Financial Weekly

 

(5) Grains Weekly

CBOT March Soybean futures closed 1.7 percent lower last week, its first decline in seven weeks.

Read More: Grains Weekly

 

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