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Covid-19
05:00
UK 4,357,091 (126,826)*
Indonesia 1,527,524 (41,242)•
* 3423 cases
* 10 deaths
• 4345 cases
• 91 deaths
Global
131,350,337 cases (+5979).
2,858,875 deaths (+186).
Rea 96 (59)
Cpo $628 ($1096)
Cif(R) $1130e
Oil $33
Gold $1646
Ftse -65 (5415)
All -40 (2958)
DJ -366 (21,052)
SP -38 (2489)
NS -114 (7373)
R2 -34 (1052)
Though the mrkts had been lower on a daily basis today was pretty much the last of selling and the 'comeback' for global mrkts started next wk(15). The virus cared little and continued to rampage across borders and Countries for months to come.
$ 1•225
€ 1•135
IDR 16,497
Anglo 455
Dkl 2•35
Mpe 530
33,618 cases
2921 deaths
US, UK & European mrkts were closed yesterday but several Asian mrkts were open for business.
TK +465 (29,854)
SH +18 (3484)
SHZ +20 (2262)
SK +25 (3113)
On a shortened week REA volumes were as low as I can remember just 10,526 traded shares u/c at 59. Other palms were little moved Anglo (606) up 4, Dkl (4•60) u/c and Mpe (698) up 13. The KLPI fell 55 and runs 3•5% lower ytd.
Cpo slipped $36 on the week to $1094 but ytd averages $1035 ($707). Talk that cpo prices will be coming down in the coming months are yet to materialise. Anyways here's last year bofp quarterly cpo averages as a guide.
Q1 $693
Q2 $664
Q3 $759
Q4 $865
Covid-19
05:00
UK 4,353,668 (126,816)*
Indonesia 1,523,179 (41,151)•
* 3402 cases
* 52 deaths
• 5325 cases
• 97 deaths
Global
130,810,955 cases
2,850,399 deaths
Rea 96 (59)
Cpo $645 ($1096)
Cif (R) $1130e
Oil $30
Gold $1634
Ftse 5480
All 2999
DJ +469 (21,413)
SP +56 (2527)
NS +127 (7487)
R2 +14 (1083)
$1•237
€1•141
IDR 16,475
Anglo 443
Dkl 2•35
Mpe 550
Virus
29,474 cases
2352 deaths
Wimbledon and the Grand National were cancelled as the infection rate continued to spread out of control. Global cases neared 1,000,000.
Covid-19
O5:00
UK 4,350,266 (126,764)*
Indonesia 1,517,854 (41,054)•
* 4478 cases
* 51 deaths
• 6142 cases
• 196 deaths
Global
Cases 130,185,501
Deaths 2,840,296
DJ +171 (33153)
SP +47 (4020) R
NS +238 (13,330)
R2 +21 (1340)
WTI $61•24
10ytb 1•676%
Selected
Apple $123
Boeing $253
Carnival $27
Coca Cola $53
Delta $49
Exxon $57
Fbk $299
GE $13
GM $58
JPMC $154
Msoft $242
Moderna $133
Tesla $662
The S&P 500 firmed above 4000 for the first time bouyed by data showing the US Manufacturing Sector expanding at its fastest pace in 38 years. US markets
will be closed today.
Nos:- Oil $64•65. Vix 17.
Gold $1730. Copper $4•013.
Palm $1094. Silver $25•045.
$1•385. €1•175. IDR 14,525.
MSCI(W) 2840. DF -3.
Morning all.
Rea 95 (59)
Cpo $646 ($1092)
Cif (R) $1140e
Oil $25
Gold $1599
Ftse -217 (5455)
All -116 (2991)
DJ -974 (20,944)*
SP -114 (2470)
NS -340 (7361)
R2 -81 (1072)
* Not the pandemic lows but global stocks bounced from here the Dow to 30,606 the SP500 to 3756 and the ftse to 6461 at 2020 close.
$1•240
€1•127
IDR 16,455
Anglo 440
Dkl 2•35
Mpe 500
Virus
Cases 25,150
Deaths 1789
Covid-19
05:00
UK 4,345,788 (126,713)*
Indonesia 1,511,712 (40,858)•
* 4052 cases
* 43 deaths
• 5937 cases
• 104 deaths
Global
Cases 129,470,691
Deaths 2,828,137
DJ -85 (32,982)
SP +14 (3973)
NS +195 (13,091)
R2 +3 (1319)
WTI $59•41
10ytb 1•741%
Selected
Apple $122
Boeing $254
Carnival $26
Coca Cola $53
Delta $48
Exxon $55
FBK $294
GE $13
GM $58
JPMC $152
Msoft $236
Moderna $
Tesla $668
Nos:-.Oil $62•88. Vix 19
Gold $1715. Copper $3•379.
Palm $1076. Silver $24•385.
$1•378. €1•175. IDR 14,565.
MSCI(W) 2812. FF -1. DF -41.
Morning all.
Palm oil inventories are seen plunging in Indonesia by c.50% to 2•67mt by the end of this year as a rise in demand is outpacing supply said GAPKI. That would mark a 45% decline to multi year lows.
This year output is seen rising 4% to 49mt with exports up from 34mt to 37•6mt. As to the B30 a Govt spokesperson said they have enough money to support the biofuel program until the end of this year. Whether further raises in duty & tax were planned was not known.
Rea 100 (59)
Cpo $663 ($1056)
Cif(R) $1140e
$1•241
€1•126
IDR 16,310
Ftse 5672
All 3107
DJ -410 (21917)
SP -42 (2585)
NS -74 (7700)
Oil $26
Gold $1619
Anglo 468
Dkl 2•50
Mpe 506
Virus (UK)*
Cases 22,141
Deaths 1408
* 2 months since first case reported in the UK.
Covid-19
05:00
UK 4,341,736 (126,670)*
Indonesia 1,505,775 (40,754)•
* 4040 cases
* 55 deaths
• 4682 cases
• 173 deaths
Global
Cases 128,803,732
Deaths 2,815,991
DJ -104 (33,067)
SP -13 (3959)
NS -69 (12,897)
R2 +19 (1316)
WTI $60•71
10ytb 1•747%
Selected stocks.
Apple $120
Boeing $253
Carnival $27
Coca Cola $53
Delta $49
Exxon $56
Fbk $288
GE $13
GM $58
JPMC $154
Msoft $232
Moderna $118
Tesla $635
Nos:- Oil $64•34. Vix 20.
Gold $1679. Copper $3•977.
Palm $1056. Silver $23•855.
$1•373. €1•172. IDR 14,565.
MSCI(W) 2812. FF-9. DF-1.
Morning all.
Most of the well known commodities are taking a beating today, cpo off c.$20, soybean down $6, gold down $16 and Oil off 50c.
Going up wool, tea, lumber, rice and beef.
I jumped the gun on Q1 closes by a few days, not much gained or lost in the numbers so won't update.
Gold bulls according to analysts at Wells Fargo are expecting a strong rally in prices this year to c.$2200 due to diminishing supply growth and that Gold is is on the eve of a new commodity bull super cycle of which their have been only 8 since 1800.
Gold prices are up c.40% since 2018 but trade 10•3% down ytd. Could be time to load up on Gold plays. My interest in a junior Gold explorer has not been very successful to date but one lives in hope.
Palm oil analysts expect cpo prices to contract shortly saying the recovery in supply plus performances of other veg oils will bear weight on palm prices.
Oil World CEO T.Mielke expects prices to start declining moderately in Q2/2021 as long as supply stays low. In terms of output global demand will rebound by c.3•2mt for the Oct 2020- Sept 2021 growing season with Indonesia output rising by 3•3mt and Malaysias declining by 500,000t.
Globally Mielke sees a slight recovery of c.1mt of global consumption during the growing season and expects cpo futures to be RM 3,300 by year end.
Rea 89 (59)
Cpo $676 ($1059)
Cif(R) $1140e
Oil $26
Gold $1641
Vix 60
Ftse 5564
All 3041
DJ 22,327 +(691)
SP 2627 (+85)
NS 7774 (+272)
R2 1158 +26
$1•238
€1•124
IDR 16,337
Anglo 451
Dkl 2•35
Mpe 456
Virus (update)
Cases 17,089
Deaths 1019
DJ +98 (33171) R
SP -3 (3971)
NS -13 (12,966)
R2 -34 (1297)
WTI $61•66
10ytb 1•737%
Nos:- Oil $64•99. Vix 21.
Gold $1704. Copper $4•025.
Palm $1059. Silver $24•710.
$1•378. €1•170. IDR 14,475.
MSCI(W) 2811. FF +19. DF+20.
Morning all.
Covid-19
05:00
UK 4,337,696 (126,615)*
Indonesia 1,501,093 (40,581)
* 4654 cases
* 23 deaths
• 5008 cases
• 132 deaths
Tokyo (+308) set the tone for a positive start in Asia this morning. Stocks were lifted by Wall St record closes on Fri, optimism on US Co earnings & the economic recovery. The one black spot was Japan's largest Brokerage Nomura which slumped 15% on news of a potential $2bn loss at a US subsidiary.
Its not clear whether its related to the Archegos fire sale of $ billions of stocks on Friday after margin calls from Brokers and Banks. Archegos a private investment firm had large exposure to ViacomCBS and several Chinese technology firms which were offered at hugely reduced prices. Its estimated brokers sold $33bn worth of stock of those companies involved on Friday.
At JST 1:00pm
TK +370
HK +95
SH +27
SK +18
TAiX +194
JSX +21
ASX -12
Nos:- Oil $63•54. Vix 19.
Gold $1727. Copper $4•044
Palm $1061. Silver $24•93.
$1•378. €1•169. IDR 14,438.
MSCI(W) 2815. FF -3 DF -98.
Morning all.
Covid-19
04:30
UK 4,333,042 (126,592)*
Indonesia 1,496,085 (40,449)•
* 3862 cases
* 19 deaths
• 4083 cases
• 85 deaths
Covid-19
06:00
UK 4,329,180 (126,573)*
Indonesia 1,492,002 (40,364)•
* 3865 cases
* 58 deaths
• 4461 cases
• 198 deaths
Rea 89 (59)
Cpo $668 ($1130)
Cif(R) $1150
Oil $28
Gold $1631
Ftse 5510 (-305)
All 3022 (-158)
DJ 21,637 (-915)
SP 2541 (-89)
NS 7502 (-295)
R2 1132 (-48)
$1•239
€1•119
IDR 16,140
Anglo 468
Dkl 2•05
Moe 470
Boris gets the virus as total cases rose above 10,000 and 500 fatalities.