The Edge Markets (25/04/2019) - KUALA LUMPUR (April 25): Malaysian palm oil futures opened higher on Thursday, edging up to a three-session top.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was last up 0.1 percent at 2,173 ringgit ($525.77) a tonne.

FUNDAMENTALS *

Malaysian palm oil futures recovered from earlier losses to close flat on Wednesday, helped by gains in U.S. soyoil and prospects of improving export demand.

*Chicago soybean futures edged higher on Thursday after suffering losses for the last three sessions, triggered by dismal prospects for U.S. exports and abundant world supplies.

* Oil prices dipped on Thursday as record U.S. output and rising crude stockpiles dampened the impact on markets of tighter U.S. sanctions on Iran and producer club OPEC's continued curbs on supply.

MARKET NEWS

* Asian shares slipped on Thursday as a surprise deterioration in German business morale rekindled fears of slowing global growth, while oil prices pulled back slightly after a sharp run-up earlier in the week.

* The euro nursed losses against the dollar on Thursday after dipping to a 22-month low on a surprise drop in a leading indicator for economic activity in Germany, amplifying worries of a growth slowdown in Europe's largest economy.

* The S&P 500 slipped on Wednesday after ending the previous session with a record and the Nasdaq failed to hold all-time highs reached earlier in the day while investors waited for more earnings reports. - Reuters

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