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Malaysian Rating Corp affirmed Malaysia's sovereign rating and expects domestic demand to support growth. The agency forecast export moderation in 2019 due to weaker global trade, declining commodity prices and a slowing Chinese economy.
Expected weaker global trade and lower commodity prices in 2019 point to softer Malaysian export demand, a mildly bearish signal for palm oil prices.
themalaysianreserve.comDzulDec 24, 2018After 51 past bearish macro events, Palm Oil moved a median -1.3% over 5 sessions (35% higher; middle half -4.1% to +1.1%), and -1.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
