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LATEST WEEKLY MARKET VIEWS (13/07/2020)

(1) Crude Palm Oil 

Malaysian palm oil futures rose to its highest level inalmost three weeks as rally in equity markets lift sentiment, concerns aboutlower production, and hopes of strong demand from top buyerssuch as India.

Read More: Crude Palm Oil Weekly.

ITS, SGS and MPOB data

 

(2) Metals

Gold fell on Friday as gains in U.S. equities trimmed flows into bullion, which was still on track for a fifth straight weekly gain after soaring to its highest in nearly nine years this week on surging COVID-19 infections.

Read More: Metals Weekly

 

(3) Crude Oil

Oil futures climbed on Friday, buoyed by positive results tied to a COVID-19 treatment, but U.S. prices ended lower for the week as a report from the International Energy Agency cautioned that weaker demand caused by the coronavirus pandemic will linger, even if the worst of the hit to economies has subsided.Prices were trading in weekly range between $38.54 and $41.08 per barrel.

Read More: Crude Oil Weekly

 

(4) Financial Weekly

The FBM KLCI rose by 2.5% for the week to settle at 1,591.84, mainly driven by further gains recorded by glove makers’stocks.

Read More: Financial Weekly

 

(5) Grains Weekly

CBOT Nov Soybean futures were down 0.7 percent for the week.

Read More: Grains Weekly

 

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