OBSERVATIONS: As with most world equity and commodity markets, the Kuala Lumpur CPO futures market jumped at first on news of the Bush administration's announcement of a US$700 billion (US$1 = RM3.43) rescue plan for the US financial sector.Reacting to news of the US rescue plan and the jump in US soyabean oil futures, Kuala Lumpur CPO futures market players bidded the actively-traded December 2008 contract up in early trade to an intra-week high of RM2,404. However the local market fell back in   read more »