Malaysian Palm Oil Futures Fall for Third Consecutive Session
Malaysian palm oil futures closed lower Wednesday despite strong export demand ahead of India's Diwali buying season.
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Malaysian palm oil futures closed lower Wednesday despite strong export demand ahead of India's Diwali buying season.
The Nasdaq hit a record closing high, boosted by AI stocks, while falling oil prices and retreating Treasury yields improved risk sentiment. European shares rallied, led by banks and tech, and Asian markets were mixed, with Japan higher and China/Hong Kong up on hopes of a trade truce.
Global stocks rose, led by AI-linked tech shares, while oil fell on reports more supply was leaving the Gulf than previously thought. The note also listed closing levels for major equity, bond, currency and commodity markets.
Malaysian palm oil futures dropped more than 1% on Thursday, extending losses for a third consecutive session. The benchmark contract (FCPOc3) for November delivery fell as rival soyoil weakened and bearish MPOB demand and supply figures were anticipated.