KUALA LUMPUR: Bursa Malaysia spent the morning in the red as investors pared back expectations for global equities this year following a hotter-than-expected US inflation report.
Love may be in the air this Valentine's Day – but so is the eye-watering price of cocoa on the market, making the cost of the key ingredient in chocolate more expensive than ever, according to analysts.
Crude palm oil (CPO) stockpiles will likely fall below two million tonnes by the end of this month, potentially pushing the commodity’s prices higher in the near term.
KUALA LUMPUR: Investors are continuing to shore up global equities prices amid optimism that the US inflation report due out tonight will reveal easing inflation.
SINGAPORE: Oil prices rose slightly on Tuesday on fears Middle East tensions could disrupt supply, but uncertainty about the pace of potential U.S. interest rate cuts and the ensuing impact on fuel demand capped gains.
"Crude oil prices rose due to geopolitical tensions. Last week, gold and silver ended negatively, while silver showed resilience amid base metals downturn. Energy prices were favorable, driven by crude oil increase. Key factors include US inflation data and PPI data, along with speeches by Fed governors. The headline inflation is expected to come down to 2.9%, which was 3.4% last month."
KUALA LUMPUR/MUMBAI: Malaysia's palm oil stocks fell more than expected to their lowest in six months at the end of January as production plunged to the lowest level in nine months amid steady exports, the industry regulator said on Tuesday.