Latest Posts By WanSiTong
- Supreme
About WanSiTong
|
|
| 01-Dec-2016 08:45 |
Straits Times Index
/
STI to cross 3000 boosted by long-term investors
 Go to Message
|
|||||||||||||||||||||||||||||||||||||||||||||||||
 x 0
 x 0
|
Asian markets opened on a positive note early Thursday, after OPEC reached its first deal since 2008 to cut oil production. ASX up 0.6%, Nikkei gains 1.6%, Kospi nearly flat During Asian trade on Thursday, Brent futures were trading at $ 51.84 a barrel, while U.S. crude futures were trading 0.42 percent lower at $ 49.23. Markets will watch China' s official manufacturing and services Purchasing Managers' Index (PMI) for November and the Caixin manufacuting PMIs. Australia will also be beirder its capital expenditure for the third-quarter. |
|||||||||||||||||||||||||||||||||||||||||||||||||
| Good Post Bad Post | ||||||||||||||||||||||||||||||||||||||||||||||||||
| 01-Dec-2016 06:14 |
Straits Times Index
/
STI to cross 3000 boosted by long-term investors
Go to Message
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0
|
Energy Futures
Stocks closed mixed Stocks closed mixed on Wednesday, the last day of the month, as energy stocks surging on an OPEC deal to cut production, while investors digested solid economic data. The Dow Jones industrial average briefly rose 100 points, hitting a new record intraday high of 19,225.29, before closing about 2 points higher as Goldman Sachs, Chevron and DuPont contributed the most gains. The S & P 500 closed about 0.25 percent lower, after also reaching record The Energy Select Sector SPDR Fund (XLE) also popped nearly 5.1 percent. A 3.18 percent fall in utilities, however, offset energy' s sharp gains. " It feels like the market is doing the end-of-the-month dance," said Art Hogan, chief market Strategist at Wunderlich Securities. " A bit of a giveback here on the last day of the month makes sense. Tomorrow, a New month starts and December has some pretty good cyclicals. " " There are two things going on. You' re seeing rates continue to push higher and that' s starting to cause more of a headwind as we move closer to this rate decision," said Daniel Deming, managing director at KKM Financial. ' Ve been seeing the Nasdaq weaken all day, creating further weakness in the overall market.' The Nasdaq composite underperformed, sliding around 1 percent as the iShares Nasdaq Biotechnology ETF (IBB) fell more than 2 percent. Both the Nasdaq and S & P had traded higher earlier in the session. That said, the three major US indexes recorded sharp monthly gains, with the Nasdaq and S & P notching their best month since July, while the Dow had its best month since March. OPEC agreed to cut production by approximately 1.2 million barrels per day, or about 4.5 percent of current production. U.S. crude futures for January delivery spiked 9.31 percent to settle at $ 49.21 per barrel. On the data front, private companies added 216,000 jobs in November, well above the expected 165,000, according to ADP and Moody' s Analytics. ADP and Moody' s report is often seen as a prelude to the US government' s monthly jobs report, due Friday. Spending rose 0.3 percent in October, while personal income gained 0.6 percent, the best showing since April. European equities traded mostly higher on Wednesday, with the pan-European Stoxx 600 index rising 0.31 percent. In Asia, stocks closed mixed, with the Korean Kospi rising 0.26 percent and the Japanese Nikkei 225 closing flat. Gold futures for February delivery fell $ 16.90 to settle at $ 1,173.90 per ounce. Read more ... |
|||||||||||||||||||||||||||||||||||||||||||||||||
| Good Post Bad Post | ||||||||||||||||||||||||||||||||||||||||||||||||||
| 01-Dec-2016 06:05 |
Straits Times Index
/
STI to cross 3000 boosted by long-term investors
Go to Message
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0
|
Oil output to be cut for first time since 2008 as Opec agrees deal - as it happenedOil producers have agreed to cut production by 1.2m barrels a day, to 32.5m, in an attempt to &lsquo stabilise the market&rsquo and push crude prices higher.
Closing summary: Historic output from Opec, but questions remain Here' s a snap summary, for new readers just tuning in. Opec as defied sceptics and agreed its first production cut since the financial crisis struck. The oil cartel will shave 1.2 million barrels per day off its output, cutting it from 33.7m to 32.5m barrels per day. OPEC president Mohammed Bin Saleh Al-Sada announced the deal in Vienna this afternoon, after three days of talks and tension. He called it a ' historic move' that would help to stabilize the market. Read more ... |
|||||||||||||||||||||||||||||||||||||||||||||||||
| Good Post Bad Post | ||||||||||||||||||||||||||||||||||||||||||||||||||
| 30-Nov-2016 22:02 |
Straits Times Index
/
STI to cross 3000 boosted by long-term investors
Go to Message
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0
|
Live update...L i n k Oil producers have reportedly agreed to cut production by more than 1m barrels a day, driving Brent crude over $50 a barrel, but analysts want to see the details Delegate: Opec members agree cut Earlier: Saudi hints at Opec deal Opec meeting underway Summary: Carney warns Europe to be careful about Brexit |
|||||||||||||||||||||||||||||||||||||||||||||||||
| Good Post Bad Post | ||||||||||||||||||||||||||||||||||||||||||||||||||
| 30-Nov-2016 20:42 |
Straits Times Index
/
STI to cross 3000 boosted by long-term investors
Go to Message
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0
|
Wall Street points to higher open on soaring oil prices OPEC meeting in focus U.S. stock index futures pointed to a higher open on Wednesday as traders eyed a sharp jump in oil prices ahead of a potential production cut deal from OPEC. In oil markets, Brent crude traded at around $ 50.10 a barrel on Wednesday morning, up 8 percent, while U.S. crude was around $ 48.75 a barrel, up 7.7 percent. OPEC began on Wednesday debating a deal to curtail oil production in an effort to prop up the price of crude with Iran and Iraq under pressure from Saudi Arabia to participate fully in any action, according to a Reuters report. Is OPEC finally about to reach a deal? Saudi Arabia, the cartel' s de facto leader, hinted that it would allow regional rival Iran to pump at pre-sanction levels as part of a deal. " I will not discuss specific numbers," Saudi oil minister Khalid Al-Falih told CNNMoney. " In principle Iran do not have to cut - they would be able to produce pre-sanction levels." A senior Iranian source said they had " agreed to settle on amount that is a agreeable to all parties." The oil cartel has been tried for a year to freeze or cut production in hopes of boosting prices. It' s possible that Nigeria, Libya and Iran will be able to secure an exception from the agreement. The three countries are trying to increase their output. Nigeria and Libya saw their production drop because of of armed conflict. Iran is keen to increase output to the levels it was pumping before being slapped with nuclear sanctions. Read more.....Oil prices surge on optimism over OPEC dealEnergy Futures
|
|||||||||||||||||||||||||||||||||||||||||||||||||
| Good Post Bad Post | ||||||||||||||||||||||||||||||||||||||||||||||||||
| 30-Nov-2016 17:42 |
Straits Times Index
/
STI to cross 3000 boosted by long-term investors
Go to Message
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0
|
Straits Times Index 2,904.02 0.86% +24.88 ▲
Banks help STI cross 2,900 in mixed but active session AN overnight rise on Wall Street and probable month-tail window-dressing of certain key blue chips - or " portfolio rebalancing" if you prefer - on Wednesday helped push the Straits Times Index up 24.88 points to 2,904.02, taking it 22 points or 0.8 per Cent into the black for 2016. Wednesday also saw the latest Morgan Stanley Capital International index rebalancing comes into effect. For the MSCI Singapore Index, Sats was added whilst Noble Group and SembCorp Marine were deleted. However, both were then included in the MSCI Singapore Small Cap Index. Noble crashed S $ 0.013 or 7.6 per cent to S $ 0.159 on massive volume of 1.23 billion, SMM closed with a S $ 0.085 or 5.7 per cent loss at S $ 1.395 on volume of 85.4 million. A steep slide in oil prices, however, dampened sentiment somewhat and this was reflected in an advance-decline score of 227-222 which suggested that the index' s profits were narrowly focused and that the broad market did not follow. A check of the index' s movers showed that rises in the three banks were instrumental in sending the STI above 2016' s starting level of 2,882, their combined contribution amounting to almost 12 points. Thanks to the heightened activity in blue chips and the selling of Noble, turnover came to 2.9 billion units worth S $ 2.6 billion, the highest daily total for the year. |
|||||||||||||||||||||||||||||||||||||||||||||||||
| Good Post Bad Post | ||||||||||||||||||||||||||||||||||||||||||||||||||
| 30-Nov-2016 12:13 |
Straits Times Index
/
STI to cross 3000 boosted by long-term investors
Go to Message
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0
|
Opec deadlocked as Iran, Saudis harden positions on oil deal NOV 30, 201611:50 AM An Opec deal to curtail oil production and prop up global prices appeared in jeopardy as Iran said it will not make cuts while Saudi Arabia insisted Tehran must be willing to play a meaningful role in any agreement. Ministers gathering in Vienna before Wednesday' s crucial Opec meeting attempted to resolve differences obstructing an accord. Iranian Oil Minister Bijan Namdar Zanganeh laid out his country' s position following talks with his Algerian and Venezuelan counterparts. Under an Algerian proposal Tuesday, the 14 members of Opec would cut production to 32.5 million barrels per day from their October level of 33.6 million, according to two delegates familiar with the talks. With oil prices languishing below US $ 50 a barrel, the Organization of Petroleum Exporting Meeting meets Wednesday to finalise its first production curbs in eight years. Resistance from Iran - and from neighboring Iraq - has made the foundations for a deal look increasingly shaky. Top producer Saudi Arabia is ready to reject an accord unless all members, bar Libya and Nigeria, participate, people with knowledge of the kingdom' s position said earlier. " I do not know" if there will be an agreement, Indonesian Energy Minister Ignasius Jonan told reporters in Vienna. " The feeling today is mixed." Under the Algerian proposal, Angola, which had a key oil field under maintenance in October, Will cut from its September level. Nigeria and Libya will be exempted from cuts. Still, Opec will consider their output to calculate the overall 32.5 million-barrel target, using their year-to-date averages, An Opec proposal initially agreed in Algiers in September would see producers trim output by about 1.2 million barrels a day from October levels. Iran has enjoyed special treatment since it' s ramping up output following years of crippling sanctions. Iran has suggested it freezes production at 3.975 million barrels a day, or about 200,000 barrels a day above current output, two Opec delegates said Monday. Saudi countered with a proposal for Iran to cap output at 3.707 million. Algeria, acting as a go -between, offered an alternative that would see Iran freeze at 3.795 million, the delegates said. Crude prices remain at half their level of mid-2014 as global supply continues to swamp demand. Brent gained 0.8 per cent to US $ 46.76 a barrel as of 11:18 am Singapore on Wednesday, paring the 3.9 per cent decline Tuesday to the lower settlement in Two weeks. At negotiations in Vienna, countries have fought to the very last barrel. While Iraq finally appeared to accept that Opec supply estimates known as " secondary sources" should determine the basis for cuts, it was still insisting it should be allowed to freeze at October' s output of 4.6 million barrels a day, according to one delegate. That The same level as would be reached if the proposal for a group-wide cut of 4 to 5 per cent were applied to Iraq' s own output estimate of 4.8 million barrels a day. Algeria proposed Iraq cut production by 240,000 barrels a day from the October secondary-sources level, two delegates said. Saudi Arabia will not insist that Iraq and Iran make the same size reduction as other Opec members and has not decided from which production level They' ll be asked to cut, according to the people familiar with the situation. Iraq had previously demanded an exemption from a supply deal, citing the urgency of its offensive against Islamic State. " We support Iran in the sense that they have been sanctions and we have to take that into account in the deal that we make," Ecuador' s Minister for Foreign Affairs Guillaume Long told reporters in Vienna on Tuesday. " The same goes for Iraq as We know that has a very expensive security situation that it faces, basically a war. We understand that requires special treatment. " Informal discussions between the heads of Opec delegations will take place at 8am on Wednesday, preceding the formal meeting at the Secretariat at 11am, said two delegates, asking not to be identified because information is not public. On Sunday, Saudi Oil Minister Khalid Al-Falih for the first time floated the possibility of being without prior agreement. It was unclear whether the minister changed his mind about the deal' s merits, or was trying to boost his negotiating position with Iran and Iraq . As Opec tries to resolve its own differences, the group is also asking other big producers including Russia to reduce output by as much as 600,000 barrels a day. The Kremlin so far has resisted requests that it join the cut, offering instead to freeze production at Current levels. Energy Minister Alexander Novak said Tuesday that he has no plans to visit Vienna on Wednesday, but that Russia is ready to talk if the group reaches an internal consensus. BLOOMBERG |
|||||||||||||||||||||||||||||||||||||||||||||||||
| Good Post Bad Post | ||||||||||||||||||||||||||||||||||||||||||||||||||
| 30-Nov-2016 10:09 |
Straits Times Index
/
STI to cross 3000 boosted by long-term investors
Go to Message
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0
|
Asia markets flat in early trade, oil stocks under pressure ahead of OPEC meet Asia markets were flat in early trade on Wednesday, with energy stocks under pressure following overnight declines in oil prices and as traders eyed a meeting between the world' s top oil producers in Vienna. Oil prices tumbled nearly 4 percent on Tuesday amid fresh uncertainties over an OPEC deal to reduce production levels with ministers from the 14-nation cartel slated to meet in Vienna later Wednesday to announce a decision on output curbs proposed in September. United States dollar futures rebounded slightly, up 0.33 percent at $ 45.38, after falling 3.9 percent on Tuesday during U.S. hours. Global benchmark Brent was flat, following a 3.9 percent tumble to $ 46.38 overnight. Energy plays across the region were also lower Santos shares in Australia dropped 0.49 percent, Oil Search was down 0.60 percent and Woodside Petroleum fell 1.58 percent. In Japan, Fuji Oil fell 0.28 percent and Japan Petroleum was down 1 percent, while South Korea' s S -Oil slipped 1.05 percent. Analysts warned OPEC' s failure to reach a deal for substantial production cuts could see oil prices decline further. " The oil market is unlikely to be impressed by any token, face saving agreement from OPEC largely based on production freezes," said Ric Spooner, chief market analyst at CMC Markets, in a note. Reuters, citing a source, reported documents prepared for the meeting proposed OPEC cut production by 1.2 million barrels per day from October levels at 33.82 million barrels a day, which was more than the 1 million barrel per day the group discussed at a meeting in September . Meanwhile, the oil minister of the United Arab Emirates, Suhail al Mazroui told CNBC on Tuesday the obstacle standing in OPEC' s way to cut a deal was that not all member states appear ready to participate in production cuts. Others believed even if OPEC were to reach a deal on Wednesday, ensuring compliance from every member to reduce output could be an issue. " The weight of any cuts will almost certainly fall on the shoulders of both Saudi Arabia and the other Gulf Cooperation Council countries," said Jeffrey Halley, senior market analyst at OANDA. Spooner added the " substantial increase in OPEC production over recent months will leave the market in a surplus position for some time unless it can agree on significant and sustainable production cuts." On Tuesday, tensions rose after Iran wrote to OPEC saying it wanted Saudi Arabia to cut production by as much as 1 million barrels per day (bpd), much more than Riyadh is willing to offer, OPEC sources who saw the letter told Reuters. Iranian Oil Minister Bijan Zanganeh told reporters upon arrival at OPEC' s headquarters in Vienna that his country was not prepared to reduce output: " We will leave the level of production (where) we decided in Algeria." OPEC, which accounts for a third of global oil production, made a preliminary agreement in Algiers in September to cap output around 32.5-33 million bpd versus the current 33.64 million bpd to prop up prices. Traders said that the market was extremely nervous, and that prices could swing either way quickly depending on developments at the Organization of the Petroleum Exporting Countries meeting in Vienna. Asian Indexes
 |
|||||||||||||||||||||||||||||||||||||||||||||||||
| Good Post Bad Post | ||||||||||||||||||||||||||||||||||||||||||||||||||
| 30-Nov-2016 09:04 |
Straits Times Index
/
STI to cross 3000 boosted by long-term investors
Go to Message
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0
|
Stocks To Watch Office SREITs, GuocoLand, Lian Beng, Nam Lee, JES, Asiatravel.com |
|||||||||||||||||||||||||||||||||||||||||||||||||
| Good Post Bad Post | ||||||||||||||||||||||||||||||||||||||||||||||||||
| 30-Nov-2016 06:56 |
Straits Times Index
/
STI to cross 3000 boosted by long-term investors
Go to Message
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0
|
Stocks close higher as health care, real estate lead oil tumbles 3.9% amid OPEC uncertainty U.S. equities closed higher on Tuesday, led by health care and real estate, as investors digested falling oil prices ahead of a key OPEC meeting, as well as economic data. The Dow Jones industrial average closed about 25 points higher, with UnitedHealth Group contributing the most gains. The S & P 500 gained 0.1 percent, with health care and real estate rising about 0.7 percent. The Nasdaq composite outperformed, closing 0.2 percent higher and hitting a new Intraday high of 5,403.86. The three major indexes traded lower earlier in the session. US stocks closed lower on Monday, as a post-election rally paused, with the major indexes dropping off from all-time high levels. The small-caps Russell 2000, which has been outperforming large-cap indexes, fell more than 1 percent, Snapping a 15-day winning streak, its longest in 20 years. " I think we' re at a point where people are afraid of pushing the market too far off the fundamentals, but I do not think there are any news that could push the market markedly lower" in the near term, said Bruce McCain, Chief investment strategist at Key Private Bank. OPEC are set to meet in Vienna, Austria on Wednesday and traders will be keeping a close eye on announcements regarding an oil production cut. In September, OPEC had outlined A deal to cut output by approximately 1 million barrels per day. " All eyes are on the next OPEC meeting and traders are awaiting the decision. The headlines are not very positive and this is making investors very jittery," Naeem Aslam, chief market analyst at Think Markets, said in a note. Indonesian Energy Minister Ignasius Jonan said he was not sure OPEC would clinch a deal to limit oil output when it met. Meanwhile, non-OPEC producer Russia confirmed on Tuesday it would not attend the OPEC gathering, but added that a meeting between the group and Non-affiliated producers at a later stage was possible. In economic news, the second read on third-quarter GDP came in at an annualized rate of 3.2 percent, above a previous reading of 2.9 percent. Gold futures for December delivery fell $ 2.90 to $ 1,187.90 per ounce. Read more.... |
|||||||||||||||||||||||||||||||||||||||||||||||||
| Good Post Bad Post | ||||||||||||||||||||||||||||||||||||||||||||||||||
| 29-Nov-2016 17:47 |
Straits Times Index
/
STI to cross 3000 boosted by long-term investors
Go to Message
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0
|
Straits Times Index 2,879.14 0.16% +4.49 ▲
Singapore shares close mixed STI gains but broad market weakens THE Straits Times Index drifted for most of Tuesday' s session, tracking movements in the Dow futures and Hong Kong before ending at 2,879.14 for a gain of 4.49 points on the day. More important, however, was that turnover slipped to 1.9 billion units worth S $ 1.03 billion compared to Monday' s S $ 1.1 billion. Excluding warrants there were 177 rises versus 225 falls. Traders said that there were signs that the post-Trump, " risk-on" rally might be losing momentum, probably as markets come round to the realisation that his election promises - difficult though they may be to implement - would result in higher US interest Rates and may lower international trade. |
|||||||||||||||||||||||||||||||||||||||||||||||||
| Good Post Bad Post | ||||||||||||||||||||||||||||||||||||||||||||||||||
| 29-Nov-2016 17:01 |
Straits Times Index
/
STI to cross 3000 boosted by long-term investors
Go to Message
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0
|
Hong Kong Shares End Down Finance Stocks Lead Declines on Italy Worries The Hang Seng Index ended lower Tuesday, declining 0.4%, largely weighed down by financial stocks like HSBC Holdings, which fell 1.5% as the day' s worst performing blue-chip. Looking ahead, two major events that will impact the market next week include the Italian referendum and the launch of the Shenzhen-Hong Kong Stock Connect. The launch of the Shenzhen link has been fully priced in a while ago, but there might be some profit taking on Monday for the Hang Seng Index, says Daniel So, strategist at CMB International Securities. Among other banking stocks Tuesday, Bank of China declined 0.9%, while Bank of Communications lost 0.8%. |
|||||||||||||||||||||||||||||||||||||||||||||||||
| Good Post Bad Post | ||||||||||||||||||||||||||||||||||||||||||||||||||
| 29-Nov-2016 15:14 |
Straits Times Index
/
STI to cross 3000 boosted by long-term investors
Go to Message
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0
|
European markets to open lower as oil prices dip European bourses are seen lower Tuesday as investors focused on talks between OPEC members and the political uncertainty mounting ahead of a key referendum in Italy. OPEC oil producers are preparing for a critical meeting on Wednesday where they aim to agree on a production cut. However, oil prices are trading lower as investors doubt that a deal will be reached. On Monday, OPEC technical teams reportedly failed to agree on any Details for the proposed cuts. |
|||||||||||||||||||||||||||||||||||||||||||||||||
| Good Post Bad Post | ||||||||||||||||||||||||||||||||||||||||||||||||||
| 29-Nov-2016 09:47 |
Straits Times Index
/
STI to cross 3000 boosted by long-term investors
Go to Message
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0
|
Asian Indexes
 |
|||||||||||||||||||||||||||||||||||||||||||||||||
| Good Post Bad Post | ||||||||||||||||||||||||||||||||||||||||||||||||||
| 29-Nov-2016 08:56 |
Straits Times Index
/
STI to cross 3000 boosted by long-term investors
Go to Message
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0
|
Stocks To Watch MMP Resources, Perennial, China Auto, Keong Hong, Metech, Thakral, Astaka |
|||||||||||||||||||||||||||||||||||||||||||||||||
| Good Post Bad Post | ||||||||||||||||||||||||||||||||||||||||||||||||||
| 29-Nov-2016 08:34 |
Straits Times Index
/
STI to cross 3000 boosted by long-term investors
Go to Message
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0
|
Asia markets set for modest open as post-election rally fades Futures pointed to a modest open in Asia, taking cues from the U.S. where a massive post-election rally appeared to have been easing. Traders also seen ahead to key global events set to take place this week, including a meeting on Wednesday between the world' s largest oil producers, and the release of the U.S. nonfarm payroll report on Friday. Nikkei futures in Osaka were at 18,290, more than 60 points lower than the Japanese benchmark index' s close at 18,356.89. Japanese shares could come under pressure as a result of a slightly stronger yen, which traded at 111.84 versus the dollar on Tuesday morning in Asia, Climbing from levels near 113.00 in the previous week. Oil prices gained more than 2 percent during the U.S. session on Monday, ahead of OPEC ' s official meeting Wednesday. On Sunday, Saudi Arabian energy minister Khalid al-Falih had cast fresh doubts over the cartel' s ability to agree a proposed production cut when he said the oil market, currently suffering from a supply glut, would rebalance in 2017 even without intervention from producers, reported Reuters. Also, a Monday meeting between OPEC and non-OPEC producers was called after Saudi Arabia declined to attend, Reuters added. Al-Falih said on Sunday that attending would be fruitless because OPEC itself had agreed on production levels. US crude futures closed up 2.21 percent at $ 47.08 a barrel, while global benchmark Brent climbed 2.12 percent to $ 48.24. Asian Indexes
|
|||||||||||||||||||||||||||||||||||||||||||||||||
| Good Post Bad Post | ||||||||||||||||||||||||||||||||||||||||||||||||||
| 29-Nov-2016 06:22 |
Straits Times Index
/
STI to cross 3000 boosted by long-term investors
Go to Message
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0
|
Trump rally eases, stocks trip up despite 2% oil price rise U.S. stocks fell on Monday as financials lagged, while a massive post-election rally eased, and investors kept an eye on surging oil prices ahead of a key OPEC meeting. " I think the market is just taking a breather investors are taking stock of where we have been," said Randy Warren, CIO at Warren Financial. " There' s a lot of pessimism that the Trump rally is going to end, but I think There is no reason why it should. The Dow Jones industrial average fell about 50 points, with Visa contributing the most losses. The S & P 500 closed about 0.5 percent lower, with financials falling around 1.4 percent. The Nasdaq composite fell about 0.6 percent. The Russell 2000, which is composed of small -cap stocks, closed about 1.3 percent lower, snapping a 15-day winning streak, its longest in 20 years. " After three weeks of gains and a 15-day winning streak on the Russell 2000, we have to slow down," said Art Hogan, chief market strategist at Wunderlich Securities. " We got a perception that we' re heading into a more pro -business administration. " The major US equity indexes have also spiked since President-elect Donald Trump' s surprising victory over Hillary Clinton, as investors' optimism for fiscal stimulus and tax cuts grew. Since the election, the Dow, S & P, Nasdaq and the Russell have staged a three- Week winning streak, and have risen to new record highs. Bruce Bittles, chief investment strategist at Baird, said in a Monday note that, " although the current rally has pushed stocks into an overbought condition, any weakness that could develop is expected to be limited since investors will be reluctant to take gains in December due To tax considerations. " In oil markets, West Texas Intermediate futures for January delivery rose 2.21 percent to settle at $ 47.08 per barrel after Dow Jones reported the Iraqi oil minister said Iraq will cooperate with other OPEC members to reach a deal. After Libya' s National Oil Corporation (NOC) said on Sunday it would not take part in any OPEC production cuts for the " foreseeable future," according to Reuters, and the Saudi Arabian Energy Minister Khalid al- OPEC is scheduled to hold a meeting Wednesday where it is expected to agree on an oil production cut or freeze. " Although OPEC may be repeatedly commended on their ability to create speculative boosts in oil via freeze deal hopes this may come at a very heavy price if nothing is on Wednesday," said Lukman Otunuga, research analyst at FXTM. " The Classical prisoner' s dilemma OPEC members face coupled with the persistent oversupply woes could ensure low oil prices remains a recurrent theme in the medium to longer term. Oil prices, along with gold, also received a boost from the U.S. dollar, which paused Monday after rallying nearly 4 percent since the U.S. presidential election. Overseas, European equities fell, with the Stoxx 600 Europe index dropping 0.77 percent. In Asia, stocks closed mixed, with the Nikkei 225 slipping 0.13 percent and the Shanghai composite advancing 0.46 percent. Gold futures for December delivery rose $ 12.40 to settle at $ 1,190.80 per ounce. Read more ... |
|||||||||||||||||||||||||||||||||||||||||||||||||
| Good Post Bad Post | ||||||||||||||||||||||||||||||||||||||||||||||||||
| 28-Nov-2016 17:33 |
Straits Times Index
/
STI to cross 3000 boosted by long-term investors
Go to Message
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0
|
Straits Times Index 2,874.65 0.54% +15.32 ▲
Singapore shares finish broadly weak STI up thanks to banks and Singtel LIFTED by another all-time high on Wall Street on Friday, the Straits Times Index (STI) on Monday kicked the week off on firm footing, gaining 15.32 points at 2,874.65 thanks entirely to the banks and Singtel. However, an 80-point drop in the Dow futures and a weak opening Europe-wide which suggested an unsteady opening for the US market this week meant the STI closed 15 points off its intraday high of 2,889. Turnover was a moderate 1.4 billion units worth S $ 1.1 billion and excluding warrants there were 174 rose versus 278 falls so the broad market was much weaker than the index' s reading might suggest. |
|||||||||||||||||||||||||||||||||||||||||||||||||
| Good Post Bad Post | ||||||||||||||||||||||||||||||||||||||||||||||||||
| 28-Nov-2016 16:26 |
Straits Times Index
/
STI to cross 3000 boosted by long-term investors
Go to Message
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0
|
European stocks open lower oil prices slip as hopes fade of OPEC production cut European markets opened lower on Monday amid continued political uncertainty in Italy and fading hopes of a production cut pushed oil prices lower. Investors are increasingly worried over the upcoming referendum in Italy that could potentially lead to the fall of the Italian government and raise possible concerns over the recapitalization of the banking system. OPEC members are holding bilateral meetings as they try to reach an agreement at a general meeting on Wednesday. Dow future down 81 points European Indexes
|
|||||||||||||||||||||||||||||||||||||||||||||||||
| Good Post Bad Post | ||||||||||||||||||||||||||||||||||||||||||||||||||
| 28-Nov-2016 15:30 |
Straits Times Index
/
STI to cross 3000 boosted by long-term investors
Go to Message
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0
|
European stocks to open mixed oil prices slip European markets are set to open mixed at the start the week as political uncertainty in Italy looms and oil prices push lower. Meanwhile, oil prices fell on Monday morning as uncertainty on an OPEC deal intensifies. OPEC members are holding bilateral meetings as they try to reach an agreement at a general meeting on Wednesday. Dow future down 43 points |
|||||||||||||||||||||||||||||||||||||||||||||||||
| Good Post Bad Post | ||||||||||||||||||||||||||||||||||||||||||||||||||
| First < Newer 181-200 of 5628 Older> Last |