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LATEST WEEKLY MARKET VIEWS (01/06/2020)

(1) Crude Palm Oil 

Malaysian palm oil futures reversed early gains on Monday after China asked major state-run firms to stop purchases of U.S soybeans as tensions between the two countries flare. For the month of May, palm gained 9.9% as forecast of a lower output and resumption of purchases by India.

 

Read More: Crude Palm Oil Weekly.

ITS, SGS and MPOB data

 

(2) Metals

Gold traded flat on Friday as caution set in with investors awaiting U.S. President Donald Trump’s response to a Chinese national security law for Hong Kong and its potential impact on an already fragile global economy.

Read More: Metals Weekly

 

(3) Crude Oil

Oil prices soared on Friday, with U.S. futures closing out May with record monthly gains, on hopes that the U.S.-China trade deal would remain intact and on falling crude production. Prices were trading in weekly range between $31.14 and $35.77 per barrel.

Read More: Crude Oil Weekly

 

(4) Financial Weekly

Malaysian stocks are set to enter bull territory as glove makers extend their record rally. The world’s biggest glove makers Top Glove Corp and Hartalega Holdings Bhd, which have surged in recent weeks due to rising demand for protective equipment during the global coronavirus pandemic.

Read More: Financial Weekly

 

(5) Grains Weekly

CBOT July Soybean futures ended the week higher, its first weekly gain in three weeks.

Read More: Grains Weekly

 

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