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LATEST WEEKLY MARKET VIEWS (30/03/2020)

(1) Crude Palm Oil 

Malaysian palm oil futures climbed 3.85% for the week on last Friday, buoyed by a rally in global equities and supply concerns stemming from coronavirus-driven curbs on some plantation activity in the country. The benchmark contract June 2020 closed up 19 ringgit, or 0.81%, at 2,376 ringgit ($547.47) per tonne.

 

Read More: Crude Palm Oil Weekly.

ITS, SGS and MPOB data

 

(2) Metals

Gold prices edged higher on Monday as investors sought safe havens, with fears about the economic damage from the coronavirus intensifying after governments extended lockdowns to curtail its spread.

Read More: Metals Weekly

 

(3) Crude Oil

Oil futures finished lower on Friday, as a huge drop in global demand as a result of the spread of the COVID-19 pandemic sent prices down for a fifth straight week in a row, even as President Donald Trump was due to sign the U.S. fiscal stimulus bill aimed at easing the economic hardship caused by the disease. Prices were trading in a weekly range between $20.80 and $25.24 per barrel.

Read More: Crude Oil Weekly

 

(4) Financial Weekly

The FBM KLCI closed up 3.05% higher this week as government support over the world trigger stimulus plan to support the economy.

Read More: Financial Weekly

 

(5) Grains Weekly

CBOT May Soybean futures rose 2.2 percent for the week, posted its second straight weekly advance.

Read More: Grains Weekly

 

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