Category: News Group
Indonesia Consumer Morale Lowest in 5 Months
Indonesia’s consumer confidence declined to 123.1 in February 2024 from January’s five-month high of 125.0 amid rising inflation. It was the lowest reading since last September, as three out of six sub-indices...
Read MorePalm Oil Rises, Trading around MYR 4,140
Malaysian palm oil futures hovered around MYR 4,140 per tonne after being flat in the prior session, supported by strength in Dalian edible oils, firmer crude oil prices, and a weaker ringgit. The contracts were near their...
Read MoreOil Rises 2% on US Crude Stock Draw
WTI crude futures rose more than 2% to above $79 per barrel on Wednesday, after US government data showed an unexpected decrease in crude stocks. The EIA report showed crude oil inventories in the US fell by 1.536 million...
Read MoreIndonesia Motorbike Sales Fall 2.9% in February
Motorbike sales in Indonesia dropped 2.9% year-on-year to 558.7 thousand units in February 2024, slowing from a 3.7% decrease in the previous month. The softer decline came as the effects of a 25bps rate hike in October 2023...
Read MorePalm Oil Rises Further to Near 8-Month Peak
Malaysian palm oil futures traded around MYR 4,160 per tonne, building gains from the prior session to hover at their highest in near eight months amid strength in rival edible oils and a rise in crude oil prices. Meanwhile,...
Read MoreOil Rises as OPEC Reaffirms Robust Demand Forecast
WTI crude futures surged past $78 per barrel on Tuesday, fueled by OPEC’s optimistic outlook on global oil demand growth in 2024 and 2025. The organization also raised its economic growth forecast for the current year,...
Read MorePalm Oil Trades Higher
Malaysian palm oil futures hovered above MYR 3,970 per tonne after falling as low as MYR 3,940 in the prior session, supported by firmer crude oil prices and hopes of solid demand ahead of the fasting month of Ramadan and the...
Read MoreGold Breaks Above $2,100 For the First Time
Gold reached a record high of $2,115 per ounce on Monday, following a nearly 2% increase in the previous session as investors bet that the Federal Reserve would begin cutting interest rates in the latter half of the year. Last...
Read MoreOil Drops as OPEC Extends Supply Cuts
WTI crude fell to $78.7 per barrel on Monday, following a 4.5% gain last week, as OPEC and its allies agreed to extend voluntary production cuts until the end of June. The drop came after OPEC and its allies agreed to extend...
Read MorePalm Oil Rises for 3rd Session
Malaysian palm oil futures hovered near MYR 3,880 per tonne, continuing their bullish traction for the third session as rival oils were higher. Meanwhile, crude oil prices held their gains amid shipping disruptions in the Red...
Read MoreAsian Markets Mostly Advance
Asian equity markets mostly rose on Tuesday as investors digested the latest inflation figures from Japan, while looking ahead to Australian inflation numbers and the Reserve Bank of New Zealand’s interest rate decision on...
Read MoreOil Rises for 2nd Session
WTI crude futures extended gains to above $78 per barrel on Tuesday, following a 1.4% rise in the previous session due to supply concerns and a stronger US physical market. Uncertainties persist over a possible Gaza ceasefire,...
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