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MALAYSIA: Country Wrap :  FTSE Malaysia Up for Third Day

MALAYSIA
  • Palm oil bounces back after tumbling by the most since April 2023 last week on signs Malaysian production is set to drop (source: BBG).
  • OIL: Crude Down Sharply as Israel/Hezbollah Truce Deal Closer (source:  MNI – Market News).
  • Malaysia’s FTSE Bursa KLCI was strong again today, following finishing up +0.48% yesterday.  It was up by +0.47% aiming for its third successive day of positive returns.
  • MYR – as news items flowed about potential US tariffs, the Ringgit weakened, down -0.25% for the day.
  • Bonds:  strong rally across the curve with yields down 2-4bps.  MGS 10-year 3.809%. 
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  • Palm oil bounces back after tumbling by the most since April 2023 last week on signs Malaysian production is set to drop (source: BBG).
  • OIL: Crude Down Sharply as Israel/Hezbollah Truce Deal Closer (source:  MNI – Market News).
  • Malaysia’s FTSE Bursa KLCI was strong again today, following finishing up +0.48% yesterday.  It was up by +0.47% aiming for its third successive day of positive returns.
  • MYR – as news items flowed about potential US tariffs, the Ringgit weakened, down -0.25% for the day.
  • Bonds:  strong rally across the curve with yields down 2-4bps.  MGS 10-year 3.809%.