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| 17-Nov-2016 14:47 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Asia stocks lower as oil prices extend slide 1 Hour Ago Asia markets were softer on Thursday, weighed by the stronger dollar and lower oil prices. Nikkei 225 traded down 0.13 percent, recovering from earlier losses of nearly 0.4 percent. The Japanese benchmark index had enjoyed five straight sessions of gains and was up nearly 10 percent since November 9. The Bank of Japan announced it would buy 10-year Japanese government bonds (JGBs) in order to keep yields around zero percent and cap short-term rates. This was the central bank' s first bond operation since September when it adopted a new policy framework targeting 10-year JGB yields. Japanese banks were lower after the news. Mitsubishi UFJ was down 2.9 percent to 662.5 yen, Mizuho slid 1.46 percent to 196 yen, while Sumitomo Mitsui Financial Group tumbled 2.15 percent to 4,099 yen. Chinese markets were also lower: The Shanghai composite was down 0.31 percent and the Shenzhen composite slid 0.561 percent. During Asian trade, US crude futures fell 0.35 percent to $ 45.41 a barrel, while Brent futures shed 0.34 percent to $ 46.47 a barrel. Oil prices slipped on Wednesday in the U.S. session, after the U.S. Energy Information Administration said crude inventory climbed by 5.3 million barrels last week, compared to a Reuters poll of analysts that had forecast a 1.5 million barrel-build. The three major US indexes have been clocking gains since Donald Trump' s surprise presidential election victory November 8, as markets anticipated the prospect of more growth-oriented policies, including higher infrastructure spending and the deregulation of the financial industry. Asian Indexes
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| 17-Nov-2016 07:05 |
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Dow snaps 7-day win streak as post-election rally eases financials fall 1% U.S. stocks closed mixed on Wednesday, with a post-U.S. Election rally slowing down as financials dropped more than 1 percent. The Dow Jones industrial average ended about 55 points lower, snapping a seven-day winning streak, with Goldman Sachs contributing the most losses. The S & P 500 fell around 0.15 percent, with financials leading decliners. The Nasdaq composite outperformed, rising around a third of A percent after opening lower. " Nothing lasts forever. It' s unusual to see such consistent upward trading," said Mike Bailey, director of research at FBB Capital Partners. " Investors are taking a breath to say what if these policies do not happen or do not happen as quickly As thought. " The three major US stock indexes had spiked more than 2 percent entering Wednesday trading since Republican Donald Trump upset heavy-favorite Hillary Clinton to win the presidential election, lifted by the prospect of more growth-oriented economic policies from President-elect Trump, Infrastructure spending and deregulation of the financial sectors. " The bounce in the stock market is a combination of optimism for faster economic growth and relief that the election is over," said Kate Warne, investment strategist at Edward Jones. " The [stock] market is due for a correction, and we have two factors: the dollar ... and rising bond yields," said Peter Cardillo, chief market economist at First Standard Financial. " If you look at the 10-year Yield, it' s knocking on the door of 2.5 percent, " he said." At some point, that is going to prevent equities from going much higher. In oil markets, U.S. crude futures gyrated between gains and losses before closing 24 cents lower at $ 45.57 per barrel after comments from the Russian energy minister while investors digested bearish U.S. crude stockpile data. Overseas, European equities traded mostly lower, with the pan-European Stoxx 600 index falling 0.2 percent. In Asia, stocks closed mostly higher, with the Nikkei 225 gaining 1.1 percent and the Korean Kospi advancing 0.62 percent. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded higher, near 13.8. Gold futures for December delivery fell 60 cents to settle at $ 1,223.90 per ounce. Read more.... |
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| 16-Nov-2016 18:09 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Straits Times Index 2,793.99 -0.13% -3.56▼
Singapore shares close lower as weak Dow futures, Europe cancel out early gains AN almost 6 per cent jump in oil prices on Tuesday helped push the Straits Times index up nearly 20 points during the day but by late afternoon, a reversal in the Dow futures and a weak opening for Europe brought the index down to 2,793.99, a net Loss of 3.56 points. |
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| 16-Nov-2016 08:46 |
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DBS
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| 16-Nov-2016 08:41 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Stocks To Watch SembMarine, CapitaLand, GLP, UOB Kay Hian, Global Yellow Pages, Rickmers Maritime |
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| 16-Nov-2016 06:32 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Stocks close higher, Dow notches 7-day win streak as energy surges more 2.5% U.S. stocks closed higher on Tuesday, lifted by a sharp rally in energy stocks, while the technology sector rebounded after a post-election sell-off. The Nasdaq composite outperformed, rising 1.1 percent, as Apple and the so-called FANG stocks (Facebook, Amazon, Netflix and Google' s parent firm Alphabet) all rose. Technology stocks have taken a hit since the US election, falling more than 2 percent entering Tuesday. The prospects of securing their best absolute returns since 2013 2013 will entice long-short firms to add to their exposure aggressively ahead of year. " However, the plunge endured by some of America' s largest and greatest technology companies will will not offer a fortuitous buying opportunity for investors. -end once the skittishness underneath the broader market dissipates, " Jeremy Klein, chief market strategist at FBN Securities, said in a note. Financials have been one of the largest risers since the election, with The SPDR S & P Bank ETF (KBE) surging more than 15 percent since then. " I think right now the market is enjoying the notion of tax cuts and less regulation," said Quincy Krosby, market strategist at Prudential Financial. She also said the market is waiting for more details regarding President-elect Donald Trump. The Dow Jones industrial average closed about 55 points higher, notching a new all-time closing high and extending its winning streak to seven days, with Chevron contributing the most gains. The S & P 500 rose 0.75 percent, with energy rising around 2.7 percent to lead advancers. U.S. crude rose 5.75 percent to settle at $ 45.81 per barrel amid renewed hopes that OPEC would agree to a production cut. Overseas, European stocks rose, with the pan-European Stoxx 600 index gaining about a quarter of a percent. In Asia, stocks closed mostly lower, with the Shanghai composite falling 0.11 percent and Japan' s Nikkei 225 closing just below the flatline. Brazil and Mexican Stocks, meanwhile, both rose, with the iShares MSCI Brazil Capped ETF (EWZ) and the Mexico Capped ETF (EWW) advancing 3.4 percent and 1.4 percent, respectively. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, was last more than 7 percent lower near 13.45. Gold futures for December delivery rose $ 2.80 to settle at $ 1,224.50 per ounce. Read more ... |
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| 15-Nov-2016 17:44 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Straits Times Index 2,797.55 0.37% +10.28▲
Singapore shares close mixed as STI stabilises after two-day selloff AFTER dropping 47 points on Friday and Monday as the Wall Street-inspired post-Donald Trump rally quickly lost momentum, the Straits Times Index (STI) on Tuesday managed a 10.28 points rebound to 2,797.55. Turnover amounted to 1.7 billion units worth S $ 1.2 billion, the ninth consecutive session where dollar value was more than S $ 1 billion. Excluding warrants, there were 182 rose versus 205 falls. Stocks here had bounced last week in a " risk on" phase after the surprise win by the US Republican nominee in the presidential election but reversed direction as the reality set in of " America first" Trump administration that could hurt Asia. |
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| 15-Nov-2016 11:51 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Asia Shares Show Resilience to Emerging Markets Selloff Asian markets showed resilience Tuesday to the emerging markets selloff that had been hitting global markets, with shares broadly mixed and Asian currencies gaining some strength. The Hang Seng index reversed Monday' s steep losses and was up 0.5% Tuesday with the Shanghai Composite falling 0.1%. The Nikkei Stock Average meanwhile was down 0.1% even the yen rose 0.5% against the dollar. The pair was last trading at 108.04, crossing The crucial 108 mark in morning trade. Asian currencies broadly got a reprieve Tuesday morning. The Thai baht and the Taiwan dollar were up 0.4% against the dollar according to Thomson Reuters. The Indonesian rupiah, which has been battered by the flight of capital to higher yielding US assets, was up 0.2 %. The Malaysian ringgit meanwhile was about flat, and the Korean won was up 0.1%. Asian traders were elected optimistic last week that the policies of US President-elect Donald Trump would lift Asian markets and economies, said Greg McKenna, chief market strategist at forex broker AxiTrade. Mr. Trump has promised to roll out a large fiscal stimulus, lower Corporate taxes and vastly increase infrastructure spending. Asian Indexes
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| 15-Nov-2016 09:19 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Asia shares mixed, ASX down 0.7%, Nikkei slips 0.2%, Kospi up 0.1% Asia markets traded mixed on Tuesday, as the Nikkei stuttered after a three-day winning streak after the yen strengthened against the dollar. Spot gold, seen as a safe haven asset, traded up 0.66 percent at $ 1,227.51 an ounce as of 8:22 am HK / SIN. In the US on Monday, gold prices fell to a five-month low of $ 1,211.08 an ounce, pressured by A strong dollar and expectations that the Federal Reserve would raise interest rates in December. US crude futures were up 0.88 percent, at $ 43.70 after settling at $ 43.32 a barrel, while Brent futures had settled down 0.72 percent at $ 44.43 in the U.S. Monday session. On Tuesday, the Reserve Bank of Australia will issue its meeting minutes on its November monetary policy decision, when it kept rates steady at an all-time low of 1.5 percent. China is due to release its October foreign direct investment (FDI) figures |
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| 15-Nov-2016 08:41 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Stocks To Watch Golden Agri, mm2 Asia, Yanlord, Midas, Metro, SeD |
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| 15-Nov-2016 07:11 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Dow posts 6-day winning streak, closes at record high despite tech fall U.S. stocks closed mixed on Monday, after the Dow Jones industrial average hit a new all-time high, as investors evaluating the prospects of economic growth following Donald Trump' s presidential election win. " Investors clearly are optimistic because they are moving out of things that have worked great, and predictably, into things that have not worked lately," said Kim Forrest, senior equity analyst at Fort Pitt Capital. " Investors should keep an eye out for An policy changes that may take place sooner than later. The Dow gained about 20 points higher, completing a six-day winning streak and closing at a record high, with Goldman Sachs and UnitedHealth Group contributing the most gains. The S & P 500 closed around breakeven, with a 1.7 percent fall in information technology offsetting a 2 percent gain in financials. The Nasdaq composite lagged, slipping about 0.4 percent as Apple and the so-called FANG stocks (Facebook, Amazon, Netflix and Google' s parent firm Alphabet) all fell. " At this point, investors are trying to price in what' s going to happen," said Bruce McCain, chief investment strategist at Key Private Bank. " I think there is a possibility for change, ... but how much he can actually do remains To be seen. " " The recent run-up is a combination of a couple of things: partial expectations of the Federal Reserve raising interest rates and some unwinding of positions," said Robert Pavilk, chief market strategist at Boston Private Wealth. The 10-year yield we Have here, ... I think has gone a bit ahead of its self in the short-term. " He added that some investors will find Treasurys attractive, taking yields slightly lower. Pavilk also said, however, he expects higher yields in the long-term. Meanwhile, the U.S. dollar has also soared, trading 0.98 percent higher at 100.03 against a basket of currencies. The euro fell around 1.12 percent to $ 1.073 and the yen dropped more than 1.5 percent to 108.41. However, Richmond Fed President Jeffrey Lacker and San Francisco Fed President John Williams are both slated to speak Monday. Dallas Fed President Robert Kaplan said the U.S. needs " intelligent" fiscal policy to increase growth. In oil markets, U.S. crude prices fell to settle at $ 43.32 per barrel, down 9 cents, as oversupply concerns loomed over the market. Overseas, European stocks mostly rose, with the pan-European Stoxx 600 index rising 0.22 percent. In Asia, stocks closed mostly lower, with the Korean Kospi falling about half a percent and the Nikkei 225 surging 1.71 percent. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded about 3.3 percent higher, near 14.6. Gold futures for December delivery fell $ 2.60 to settle at $ 1,221.70 per ounce. Read more.... |
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| 14-Nov-2016 17:44 |
Straits Times Index
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Straits Times Index 2,787.27 -0.97% -27.33 ▼
Singapore stocks close lower, decoupled from Wall St on Trump uncertainty WALL Street may have risen to new highs on Friday and the Dow futures may have continued this upward momentum on Monday, but stocks in this part of the world have not followed suit. The Straits Times Index on Friday dropped 19 points followed by a 27.33 points or 0.97 per cent fall to 2,787.27 on Monday. This decoupling is likely because of US president-elect Donald Trump' s resolve to put America' s interests ahead of the rest of the world, prompting fears of trade protectionism that would hurt Asian economies. Whatever the case, one silver lining has been a surge in trading volume to above the S $ 1 billion industry breakeven level for several days now. Monday' s business reached to two billion units worth S $ 1.3 billion. Excluding warrants, there were 124 raising versus 294 falls . |
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| 14-Nov-2016 09:53 |
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STI to cross 3000 boosted by long-term investors
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Asia markets mixed Nikkei up 1% on weaker yen, positive GDP print The Japanese benchmark index jumped on Monday, likely boosted by the weaker yen and better-than-expected Japan GDP print. The Nikkei 225 opened up 0.98 percent, following the release of Japan' s third-quarter gross domestic product, which showed the economy grew 2.2 percent year-on-year, beating a Reuters poll estimate of 0.9 percent. " The market will remain alert to any news on President-elect Trump' s policies and possible appointments. In this regard we may be due for something of a reality check," said Ray Attrill, co-head of FX strategy at National Australia Bank, in A note on Monday. Attrill pointed to a Wall Street Journal report on Saturday that showed Trump' s infrastructure plans boiled down to a tax break in the hopes of luring capital to projects, which Industry experts say could fall short of adequately funded improvements to roads, bridges and airports. In energy news, U.S. crude futures were up 0.18 percent, at $ 43.49 a barrel, while Brent was up 0.25 percent at $ 44.86. Last Friday, oil prices had settled down more than 2 percent in the US session after the Organization of Petroleum Exporting Countries (OPEC) reported that output climbed up 33.64 million barrels per day in October, up 240,000 barrels per day from the month before . Asian Indexes
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| 12-Nov-2016 07:14 |
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STI to cross 3000 boosted by long-term investors
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Dow posts best week since 2011 after Donald Trump election win U.S. equities closed mostly higher on Friday, with the three major indexes posting their best weekly gains of the year on the back of a surprise Republican sweep. " I think you' re seeing a transition from a government that had its thumb on growth to a free economy," said Bruce Bittles, chief investment strategist at Baird. " We' re now looking at an economy that can reach its full potential. " The Dow Jones industrial average closed about 37 points higher, with Goldman Sachs contributing the most gains. For the week, the Dow rose around 5.4 percent, marking its best weekly performance since December 2011. Energy stocks were pressured by falling oil prices, as US crude fell 2.8 percent to settle at $ 43.41 per barrel after OPEC said October output reached another record, casting doubt on whether its plan to limit production is achievable or enough to ease persisting oversupply in the market . Since Trump' s victory, investors have been quickly reallocating assets, increasing exposure to financials and industrials, while lowering positions in sectors like utilities, real estate and consumer staples. As of Friday' s close, financials and industrials had gained 11.33 percent and 7.96 percent, respectively, while utilities, consumer staples and real estate were down 4.08 percent, 2.13 percent and 1.47 percent, respectively. The Fed is largely expected to raise rates next month, according to the CME Group' s FedWatch tool, which said market expectations for higher rates were around 76 percent. Before the bell, Fed Vice Chairman Stanley Fischer said the case for removing accommodation is " quite strong" while interest rates will plateau at a level that is lower than normal. He added that He expects US rates to rise gradually, and said the Fed is The Fed' s goal is to return to 2 percent longer-run inflation and to maximize employment. In economic news, consumer sentiment for November came in its highest level since June. Overseas, European equities traded slightly lower, with the pan-European Stoxx 600 index slipping 0.41 percent. In Asia, stocks closed mostly lower, with the Nikkei 225 gaining 0.18 percent and the Korean Kospi falling 0.91 percent. Gold futures for December delivery fell $ 42.10 to settle at $ 1,224.30 per ounce. Read more..... |
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| 11-Nov-2016 17:36 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Straits Times Index 2,814.60 -0.69% -19.49 ▼
Singapore shares finish weaker on Friday STI still up 0.9% for week, thanks to banks A VOLATILE week ended on Friday with the Straits Times Index down 19.49 points at 2,814.6 in line with falls in most other emerging markets and currencies, and with more questions than answers in the minds of investors. For the week, the index gained 26 points or 0.9 per cent, with the bulk of the support coming from gains in the banks. Top on the list of concerns is whether new US president Donald Trump will actually live up to his anti-trade, " America-first" stance, what it would mean for interest rates and the impact of his as-yet unknown foreign policy towards South -east Asia. |
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| 11-Nov-2016 17:13 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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European markets & Dow future turn red.. European Indexes
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| 11-Nov-2016 16:38 |
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European Indexes
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| 11-Nov-2016 14:35 |
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Asia Shares mixed in Morning Session Hong Kong shares end the morning session in the negative with the Hang Seng index down 1.22% or 280 points at 22,560 points. The Shanghai composite was up 0.45 percent, while the Shenzhen composite was 0.041percent. Along with some profit taking, worries arose over whether Donald Trump would impose tariffs on imports into the U.S. from Chinese firms. The Nikkei 225 shed earlier gains of more than 1 percent and traded up 0.28 percent by late-morning. The Japanese benchmark index Thursday closed nearly 7 percent higher, at 17,344.42. During the Asian session, US crude futures were down 0.56 percent at $ 44.41 a barrel after settling at $ 44.66 on Thursday, while Brent slipped 0.41 percent, to $ 45.65. Brent had last settlement price was at $ 45.84 a barrel. Oil prices settled more than 1 percent lower on Thursday, as markets focused on oversupply issues. The International Energy Agency (IEA) reported that oversupply concerns will remain, unless the Organization of Petroleum Exporting Countries (OPEC) can reach an output cut deal in its November 30 meeting. |
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| 11-Nov-2016 10:19 |
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| 11-Nov-2016 08:55 |
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Asia markets mixed Nikkei jumps 1%, ASX up 0.2%, Kospi slips 0.9% Nikkei jumped more than 1 percent in early trade on Friday, tracking strength in U.S. equities overnight as as appeared appeared more comfortable with U.S. President-elect Donald Trump. The Nikkei 225 continued to advance in early trade, trading up 1.18 percent. The Japanese benchmark index Thursday closed nearly 7 percent higher, at 17,344.42. The yen snapped a five-day losing streak against the dollar, tracking at 106.70 as of 8:40 am HK / SIN. It was at 102 levels just earlier this week. In Australia, the benchmark ASX 200 was up 0.2 percent, buoyed by its heavily-weighted financials sub-index, which was up 1.63 percent. South Korea' s Kospi dropped 0.85 percent in early trade, ahead of the Bank of Korea' s monetary policy decision due later. The Korean won was trading 0.21 percent lower against the dollar, at 1,163.9 During Asia trade, U.S. crude futures were down 0.4 percent at $ 44.48 a barrel after settling at $ 44.66 on Thursday, while Brent settled down 1.1 percent at $ 45.84 a barrel. Oil prices settled more than 1 percent lower on Thursday, as markets focused on oversupply issues. The International Energy Agency (IEA) reported that oversupply concerns will remain, unless the Organization of Petroleum Exporting Countries (OPEC) can reach an output cut deal in its November 30 meeting. South Korea will announce its interest rate decision on Friday, while Hong Kong will release its third-quarter gross domestic product (GDP). |
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