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Malaysian analysts said the economy's fundamentals remain intact despite heavy foreign fund outflows from the capital market. The sell-off was aggravated by the termination of the MMC-Gamuda MRT2 contract and by a weak Wall Street on rate worries.
Analysts expect higher oil prices to attract investment in oil and gas.
Equity outflows and rate fears weigh on emerging-market currencies, while higher oil prices support Malaysia's energy revenue, though neither drives a direct grain or oilseed price move.
freemalaysiatoday.comBernamaOct 14, 2018Not enough comparable past events yet for a historical read.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% 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.
