FUNDAMENTALS
* Palm oil futures rose to their highest level in more than a month on Thursday after poor Malaysian economic data weakened the ringgit and a surprise surge in China's manufacturing sector fuelled demand hopes from the world's No.2 palm oil buyer.
* Chicago Board of Trade (CBOT) new-crop November soybean futures fell 1 percent on Thursday and corn tumbled nearly 4 percent as better-than-expected rains in the northern U.S. crop belt eased fears of late-season crop damage.
* U.S. crude oil rose more than $1 on Thursday, while Brent crude rose less and its premium over U.S. crude narrowed by more than $1 in a lightly traded session.
MARKET NEWS
* Global equity markets advanced on Thursday, even as trading of more than 3,000 Nasdaq-listed shares was halted for almost three hours, and bond prices fell after business surveys from around the world reflected a global economy in expansion.
* U.S. natural gas prices rose on Thursday, closing near a one-month high on warmer weather forecasts and tighter-than-expected inventory data, while domestic crude oil prices rose on encouraging economic data from the United States, Europe and China.
RELATED NEWS
> -TAKE A LOOK-U.S. corn yield prospects large, soy mixed- tour
DATA/EVENTS > Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release Aug. 1-25 exports data on Monday. - Reuters
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
