Malaysian Palm Oil Futures Rise 1% on Strong Demand
Malaysian palm oil futures climbed 1% on Monday, supported by firmer Dalian palm olein prices and strong export data. Record-high September stockpiles capped gains.
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Malaysian palm oil futures climbed 1% on Monday, supported by firmer Dalian palm olein prices and strong export data. Record-high September stockpiles capped gains.
Gold futures rose 1.4% for the week, while silver gained 2.7% and palm oil futures fell as an expected Malaysian export duty waiver failed to materialize. The roundup also noted EU merger scrutiny of MMG's planned Anglo American nickel deal and operational updates from West African Resources and Fortescue.
Gold futures advanced more than 1% in early European trading as the dollar weakened and oil prices slipped. Market participants also were reassessing the inflation and interest-rate outlook.
Malaysian palm oil futures inched higher, hovering near MYR?4,670 per tonne after a strong rally, supported by firmer edible oils in Dalian and Chicago and brisk Indian buying, with refiners securing about 150,000 tonnes in just three days amid tight sunflower oil supplies ahead of November’s festive demand. Traders al
Reuters Asia morning markets round-up for Sept. 30 showed global equities mostly lower, with major bond yields elevated and currencies mixed. Gold rose 1% after a recent low, while Brent crude fell.
Stock markets were mixed across Asia and elsewhere on Tuesday as bond yields extended recent gains. Gold rose 1%, while the dollar strengthened against major currencies.
Major Asian, US and European stock indexes were lower, while bonds and the dollar were mixed. The report also showed Brent crude higher and gold at a more than seven-week low.
Major stock indexes fell, with the MSCI world gauge down 0.83%, as oil prices resumed their rise and Treasury yields extended gains. Spot gold dropped 3.5% to a more than seven-week low.
Malaysian palm oil futures edged higher on Tuesday, with December delivery up 0.43% to 4,878 ringgit/ton. Markets awaited the meeting between US President Donald Trump and Chinese President Xi Jinping, which provides support to agricultural markets. However, rising Malaysian stocks and subdued demand capped gains. Dali
Global equity markets closed mixed, with Europe down and Wall Street ending a volatile week with modest gains. US Treasury yields topped 5%, while Brent crude remained above $100. Asian markets showed mixed performance.
Global equity markets experienced a mixed session on Friday, with gains on Wall Street partially offsetting losses in Europe. Bond yields continued to climb, with US 10-year Treasury yields topping 5%, while currency markets saw the dollar strengthen against the yen. Spot gold and Brent crude prices showed modest movem
Malaysian palm oil futures climbed above MYR 4,850 per tonne, helped by a weaker ringgit and firmer Dalian edible oils. Bargain buying followed a one-week low, but gains were capped by softer Chicago soybean oil and retreating crude.
Malaysian palm oil futures extend gains near MYR 4,900 per tonne, reaching their highest level since early April, with support from firmer edible oils and crude oil prices.
Malaysian palm oil futures extend gains around MYR 4,725 per tonne and are set for a second straight weekly advance, with export shipment estimates and stronger India import demand cited as support.