KUALA LUMPUR: Malaysian palm oil futures rebounded on Friday, on track for a second straight weekly gain, supported by firmer rival Dalian soyoil and crude oil prices. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was up 21 ringgit, or 0.43%, at 4,906 ringgit ($1,204.81) a metric ton in early trade. The contract has risen 0.2% so far this week.
South African firms are courting shareholders ahead of annual general meetings after new laws gave investors more power over executive pay and put the directors who oversee it under greater pressure.
SYDNEY: The Australian and New Zealand dollars came under pressure on Friday as a spike in oil prices slugged risk assets and convinced investors that more rate hikes were now inevitable globally.
On MCX, the yellow metal contract for the October delivery traded higher by ₹309, or 0.20% at ₹1,52,650 per 10 grams in a business turnover of 10,209 lots.
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that USD/CHF has broken higher toward 0.8147, with overbought but still constructive momentum suggesting scope to test 0.8155…
