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Bank Negara Malaysia said financial markets saw continued non-resident outflows in June amid renewed trade war concerns and expectations of faster US monetary tightening. The FBM KLCI fell 2.8 per cent and the ringgit depreciated 0.5 per cent against the dollar, while headline inflation eased to 0.8 per cent after the GST zero-rating.
Foreign outflows and a weaker ringgit raise the cost of imported feed ingredients for Malaysian buyers, while trade tensions weigh on sentiment for palm oil and other commodities.
theborneopost.comeditoronJul 31, 2018Not enough comparable past events yet for a historical read.
After 86 past neutral macro events, Palm Oil moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +2.0%), and +1.0% 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.
