Futures Market News & Reviews

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LATEST WEEKLY MARKET VIEWS (02/08/2021)

(1) Crude Palm Oil 

Malaysian palm oil futures dropped nearly 6% to a more than one week low on Monday as weaker July exports and estimates of a rise in production weighed on investor sentiment.

ITS, SGS and MPOB data

Read More: Crude Palm Oil Weekly.

(2) Metals

Gold prices eased on Friday with a firmer in dollar curtailing the precious metal’s slight rally stimulated by U.S. Federal Reserve Chair Jerome Powell’s reassurance that a rate hike will not be implied for the time being.

Read More: Metals Weekly

(3) Crude Oil

Oil futures settled higher on Friday, shaking off earlier declines as tight U.S. crude supplies helped lift prices up for a fourth month in a row. Prices were trading in a weekly range between $70.56 and $74.23 per barrel.

Read More: Crude Oil Weekly

(4) Financial Weekly

The FBM KLCI ended the week lower below the key support level of 1,500 , in line with weaker regional markets which were dragged down by Covid-19 worries.

Read More: Financial Weekly

(5) Grains Weekly

CBOT Nov21 Soybean ended the week down 0.2 percent, and posted a 7.4% drop for the month of July.

Read More: Grains Weekly

 

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