Fed chair Jerome Powell reiterated that policymakers still intend to cut rates before the end of this year, assuming economic growth continues. Investors cheered the Fed commentary pushing all the major Wall Street indices to close at fresh record highs Indian markets are likely to rise on March 21, tracking gains in the US and …
Category Archives: Reports
CPO futures rise tracking bullish recovery in Chinese veg oil futures
KUALA LUMPUR (March 20): Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives turned higher on Wednesday, rebounding from Tuesday’s losses, and tracking a bullish recovery in the Chinese vegetable oil futures, said a dealer. Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said despite the quiet buying momentum from other markets apart from …
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EU s discrimination against Malaysia s palm oil among matters discussed in parliament today
KUALA LUMPUR: The European Union’s (EU) discrimination against palm oil produced by Malaysia is among the focus at the Dewan Rakyat sitting today. According to the Order Paper on the Parliament website, the matter will be raised by Teresa Kok (PH-Seputeh) to the Minister of Plantation and Commodities during the Minister’s Question Time. Kok wants …
Brazil,US switch roles as China s top soybean,corn supplier for Jan-Feb
China’s soybean imports from Brazil in the first two months of 2024 surged by over 200% from a year ago to 6.96 million tonnes, figures from the country’s General Administration of Customs (GACC) showed on Wednesday March 20. This formed 53.4% of the total 13.04 million tonnes imported by China in January-February, and contrasts sharply …
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INDIA MARKET MOVEMENT WITH KLC
PLUS MINUS @ A GLANCE
Malaysia Palm:(LH)Apr 990$+5May 980+7.5Mj 967.5+5Jas 910+10
Malaysia PalmOil Fob Prices @ Midday Close
Midday Market CloseBmd : Jun 4286 (+14)H 4314 / L 4266Vol : 29,222 Oln(LH)Apr 990 vsMay 980 vsMj 967.5 vs 955Jas 910 vs 905Ond 887.5 vs 880Jfm 890 vs 880 Rbdpo: -5 Strn: Apr 975 (deld)Pfad: Apr 817.5 (deld) Local Cpo: Mar 4450 Laurics: Apr 310 (pk) / 310 (pg)Rbdpko: Apr 1210Rbdpkoln: Apr 1150Rbdpks : …
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INR OPEN @ 9AM
INR 83.08-0.07EUR 1.09345POUND 1.27971JPY 150.489CHF 0.88489AUD 0.6624CNY 7.1984Gold 2203.56Silver 25.668BRENT CRUDE 86.46DOLLEX 103.21633M USD SOFR 5.328526M USD SOFR 5.27161Y USD SOFR 5.0796Range for the day: 82.90 – 83.20
The INR is expected to open stronger around 83.05 levels and trade with an appreciative bias as dollar fell after the Federal Reserve’s policy decision yesterday. The US Central Bank maintained it’s benchmark rate at 5.50% and kept the interest rate cut projections unchanged. Moreover, the committee raised it’s inflation projection in the light of …