Monday, June 7, 2010

[DJ]DJ MARKET TALK: BMD CPO Futures Down Midday On Long Liquidation

[Dow Jones] BMD CPO futures lower midday on long liquidation, profit-taking, traders say. Market vulnerable to further declines later in the day amid bearish external cues with broad weakness in global markets due to fresh euro-zone worries and Friday's U.S. employment data, Singapore-based exporter says. But weaker ringgit against dollar may cap losses, Malaysia-based analyst says. Dollar strengthens to MYR3.3345 vs Friday's close MYR3.2700. Benchmark August contract trading at MYR2,450, down MYR24.

( Call us in Kuala Lumpur: +603 2026 1233

(END) Dow Jones Newswires
06-07-10 0101ET
Copyright (c) 2010 Dow Jones & Company, Inc.

No comments:

Post a Comment