IRCo's DCP fell throughout the week and stayed at 560.50 US cents/kg on Friday while rubber futures and cash prices also fallowed suit due to continued long liquidation on rubber futures in the wake of bearish market sentiments and rising crude oil and gold futures.
These circumstances are expected to persist for a short period of time, and market fundaments and supply tightness will outweigh them when the political unrest in the Middle-East and North Africa turn back to normal because global economic indicators in general have not shown any negative signs.
On the top of that multi-billionaire Warren Buffett said in his annual letter to Berkshire Hathaway shareholders on Saturday that he still believes America's best days are ahead and warns Americans, "tomorrow is always uncertain, don't let that reality spook you."
Rising oil prices stoked global stock markets almost throughout the week before the global stock markets would rebound on Friday when oil prices began to stabilize at the end of the week. However, the global stock markets still settled mostly lower on Friday than the previous Friday.
Global forex markets were also influenced by rising crude oil futures during the week that forced investors to move away from the dollar and dollar assets to other safer places and higher returns, i.e. the euro, the Japanese yen, Treasuries, and gold. These also indirectly weakened Indonesian rupiah, Malaysian ringgit, and Thai baht against the greenback on Friday.
(Source: http://www.irco.biz/MarketWise.php?PHPSESSID=ad8313de3e81ba2ae209f2baeb9bac4d)
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