-RTRS-RPT-KUALA LUMPUR-INDONESIA PALM OIL STOCKS TO HIT 1.6 MLN T IN OCT, 1.7 MLN T IN NOV ON STRONG OUTPUT -INDUSTRY OFFICIAL
-RTRS-RPT-KUALA LUMPUR-INDONESIA UNLIKELY TO SEE PALM STOCKS GO OVER 2 MLN TONNES THIS YEAR AS EXPORT UPTAKE GOOD -INDUSTRY OFFICIAL
Monday, November 2, 2009
Trader's Highlight
DJI-NEW YORK, Oct 30 (Reuters) - The Dow industrials suffered its worst slide since July on Friday on concerns that the economic recovery won't be robust enough to sustain the seven-month stock rally, while financials sank on renewed worries about Citigroup's balance sheet.
The Dow Jones industrial average <.DJI> slid 249.85 points, or 2.51 percent, to end at 9,712.73. The Standard & Poor's 500 Index <.SPX> tumbled 29.92 points, or 2.81 percent, to 1,036.19. The Nasdaq Composite Index <.IXIC> dropped 52.44 points, or 2.50 percent, to close at 2,045.11.
NYMEX-NEW YORK, Oct 30 (Reuters) - U.S. crude oil futures ended down on Friday, as lower consumer spending and faltering confidence over the economic recovery raised fresh worries about demand for oil.
On the New York Mercantile Exchange, December crude settled down $2.87, or 3.59 percent, at $77.00 a barrel, trading trading from $76.85 to $80.21. For the week, prices are down $3.50, or 4.34 percent. For the month, they are up $6.39,
or 9.05 percent.
CBOT-SOYBEANS - November down 7-1/2 cents at $9.78 per bushel; January down 10-1/2 cents at $9.76-1/2. Sagging along with drop in crude oil prices after strong move higher on Thursday. Also pressured by forecasts for better weather next week that should speed the US soybean harvest.
CBOT-SOYOIL - December down 1.02 cents at 36.50 cents per lb. Lower in sympathy with soybeans and weaker crude oil.
FCPO-KUALA LUMPUR, Oct 30 (Reuters) - Malaysian crude palm oil futures inched up 0.9 percent on Friday, recovering some earlier losses, although slightly weaker markets and prospects of high stocks curbed gains.
The benchmark January palm oil contract on the Bursa Malaysia Derivatives Exchange ended up 19 ringgit to 2,208 ringgit ($647.5).
REGIONAL EQUITIES-BANGKOK, Oct 30 (Reuters) - Most Southeast Asian stock markets gained ground on Friday, with banks reversing recent losses in Singapore and Malaysia while Indocement and Indofood led gainers in a rebound in Jakarta.
Sentiment in the region turned cautious in the afternoon session and late selling pulled markets down from the day's
highs.
Dealers said investors were waiting for interest rate decisions next week by the U.S. Federal Reserve, Bank of England and European Central Bank, but the mood remains positive overall.
Singapore's index <.FTSTI> ended up 0.7 percent after an early gain of almost 2 percent and Malaysia's index <.KLSE> inched up 0.12 percent,
Malaysia's index was 3.4 percent higher in October, Southeast Asia's second best performer after the Philippines' 3.8 percent rise.
The Dow Jones industrial average <.DJI> slid 249.85 points, or 2.51 percent, to end at 9,712.73. The Standard & Poor's 500 Index <.SPX> tumbled 29.92 points, or 2.81 percent, to 1,036.19. The Nasdaq Composite Index <.IXIC> dropped 52.44 points, or 2.50 percent, to close at 2,045.11.
NYMEX-NEW YORK, Oct 30 (Reuters) - U.S. crude oil futures ended down on Friday, as lower consumer spending and faltering confidence over the economic recovery raised fresh worries about demand for oil.
On the New York Mercantile Exchange, December crude
or 9.05 percent.
CBOT-SOYBEANS - November
CBOT-SOYOIL - December
FCPO-KUALA LUMPUR, Oct 30 (Reuters) - Malaysian crude palm oil futures inched up 0.9 percent on Friday, recovering some earlier losses, although slightly weaker markets and prospects of high stocks curbed gains.
The benchmark January palm oil contract
REGIONAL EQUITIES-BANGKOK, Oct 30 (Reuters) - Most Southeast Asian stock markets gained ground on Friday, with banks reversing recent losses in Singapore and Malaysia while Indocement and Indofood led gainers in a rebound in Jakarta.
Sentiment in the region turned cautious in the afternoon session and late selling pulled markets down from the day's
highs.
Dealers said investors were waiting for interest rate decisions next week by the U.S. Federal Reserve, Bank of England and European Central Bank, but the mood remains positive overall.
Singapore's index <.FTSTI> ended up 0.7 percent after an early gain of almost 2 percent and Malaysia's index <.KLSE> inched up 0.12 percent,
Malaysia's index was 3.4 percent higher in October, Southeast Asia's second best performer after the Philippines' 3.8 percent rise.
FCPO Weekly: in Consolidation phase
Market close firm at 2200 levels yet it is still not convincing enough. Thus, market may continue to consolidate in near term. As for now, we are looking for the immediate upside resistance at 2250 followed by 2350. While, downside support is maintain at 2108-2100 (unfilled gap left over since 18/10/2009).
CBOT Soyoil Weekly: Upward move halted
Market violated the downside support at USD37.00 had weaken the immediate weekly outlook. Upward move has been slowing down following a black candle printed. Thus, market may consolidate in near term with upside resistance is pegged at USD39.18. Downside support is lies at USD35.00 to 34.80 followed by USD33.00 to 32.00.
DJI Weekly: Losing ground
Market looks has losing ground after failed to challenge 10,000 resistance mark. Hence, correction phase may take place in near term with upside resistance and downside support is pegged at 10,000 and 9,400 levels respectively.
FKLI Weekly: Shows a little tiredness
Market is still maintaining its upward posture but shows a little tiredness mode following prices close weak. Thus, market may enter into consolidation phase in near term with upside resistance remains at 1273.5. While, to the downside, immediate support is stood to 1230 followed by 1200.
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