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LATEST WEEKLY MARKET VIEWS (16/9/2024)
(1) Crude Palm Oil Weekly
Malaysian palm oil futures fell for a third straight session on Tuesday, when the market reopened after a holiday, weighed down by India’s decision to raise its import tax on edible oils.
MPOB data
Read More: Crude Palm Oil Weekly
(2) Metals Weekly
With growing expectations of a 50 basis points rate cut by the Fed this week due to concerns about the US economy and labor market, the US Dollar and Treasury yields are weakening.
Read More: Metals Weekly
(3) Crude Oil Weekly
Oil futures finished with a loss on Friday as concerns about the demand outlooked lingered, but prices gained for the week after Hurricane Francine disrupted output in the Gulf of Mexico.
Read More: Crude Oil Weekly
(4) Financial Weekly
Malaysia’s KLCI ended up 0.8% at 1652.15 amid upbeat sentiment on Fed rate cut hopes.
Read More: Financial Weekly
(5) Grains Weekly
CBOT November 24 Soybean rose 0.124% for the week.
Read More: Grains Weekly
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