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LATEST WEEKLY MARKET VIEWS (19/08/2019)

(1) Crude Palm Oil 

Malaysian palm oil futures reversed earlier gains to fall at the close of trade on last Friday, tracking related edible oils on China’s Dalian Commodity Exchange which erased some gains. The benchmark palm oil contract November 2019 was last down 0.4% at 2,192 ringgit ($524.90) per tonne. The market, however, is up 0.6% for the week for a second straight week of gains.

Read More: Crude Palm Oil Weekly

ITS, SGS and MPOB data

 

(2) Metals

Gold prices fell on Monday in Asia as Asian equities recovered and stronger greenback.Major central banks around the world hinted at more stimulus, easing fears on sharp economic downturn.

Read More: Metals Weekly

 

(3) Crude Oil

Oil futures finished higher Friday, helping to contribute to a weekly gain for the commodity, as traders weighed weakening demand against supply uncertainties linked to the Middle East and OPEC production. Prices were trading in a weekly range between $53.54 and $57.47 per barrel.

Read More: Crude Oil Weekly

 

(4) Financial Weekly

Bursa Malaysia wrapped up the week mixed on the back of the better than expected second quarter gross domestic product (GDP) announcement by Bank Negara Malaysia. The Malaysian economy grew by 4.9 per cent in the second quarter of 2019 (2Q) from 4.5 per cent in the first, supported by higher household spending and private investment.

Read More: Financial Weekly

 

(5) Grains Weekly

CBOT November Soybean futures fall 1.4 percent, their fourth decline in the last five weeks.

Read More: Grains Weekly

 

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