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| 06-Jan-2017 06:11 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Stocks close mostly lower Trump policy uncertainty looms Nasdaq posts record closing high U.S. equities closed mostly lower on Thursday, as uncertainty over some of President-elect Donald Trump' s policies gave investors pause, despite solid economic data. " There is still a lot of uncertainty," said Jeremy Klein, chief market strategist at FBN Securities. " We have not had the inauguration, let alone details about his policies." " Not everyone is sold that this market is a one- Way ramp higher, " Klein said. Adding to investors' worries was a Senate hearing on cybersecurity threats, as US intelligence governments answered questions about their assessment that Russia interfered in the presidential election. " The whole hearing raises questions about whether the entire election was hacked," said Adam Sarhan, CEO At 50 Park Investments. " When you have concerns over a cybersecurity threat, that tends to send money away from risk assets into so-called safe-havens," such as gold, the Japanese yen and bonds. The S & P 500 fell 0.1 percent, with financials falling around 1 percent to lead decliners. The Dow Jones industrial average closed about 40 points lower, with Goldman Sachs contributing the most losses, after falling more than 100 points at session lows. The Nasdaq composite , Rose about 0.2 percent and posted a new all-time closing high. US equities have rallied sharply since the election, with the Dow and S & P rising 8.5 percent and 6 percent, respectively, with investors betting on lower taxes, more fiscal spending and looser regulations in certain sectors. However, " there' s still a lot of uncertainty surrounding That trifecta, " said Shannon Saccocia, head of asset allocation at Boston Private. Investors also digested several pieces of economic data. First, ADP said private employers added 153,000 jobs last month, considerably below thee expected 170,000. Meanwhile, weekly jobless claims came in at 235,000, below a consensus estimate of 260,000. " Bottom line, as stated, job growth continues to slow as is typical in an aged recovery," Peter Boockvar, chief market analyst at The Lindsey Group, said in a note. " While there are still plenty of able bodied workers on the sidelines , For those realistically looking for work, it' s getting tougher and tougher to find the right, qualified (and motivated person). " Other economic data released Thursday includes the December IHS Markit services PMI, which came in at 53.99, below November' s print of 54.6. The ISM nonmanufacturing index, meanwhile, hit 57.2, above a consensus estimate of 56.6. A number above 50 indicates expansion within the Sector, and a number below 50 shows contraction. The December jobs report is set for release Friday at 8:30 am ET, with economists polled by Reuters expecting the US economy to have added 178,000 jobs. Andrew Chamberlain, chief economist at Glassdoor, thinks the US economy added less jobs than the consensus, " When you get this close to full employment, it' s natural to see fewer jobs added" in an economy, he said. Read more... |
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| 05-Jan-2017 17:45 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Straits Times Index 2,954.14 1.12% +32.83 ▲
Singapore shares close higher for third straight day WHAT a difference a year makes - in the first three trading sessions of 2016, the Straits Times Index (STI) plunged 78 points or 2.7 per cent to 2,804, sending analyzes scrambling to determine where the downside support might lie. In contrast, the first three days of 2017 has seen the STI gain 74 points or 2.6 per cent at 2,954.14 including Thursday' s 32.83 point jump, prompting observers to wonder if the upside resistance of 3,000 might soon be breached. Liquidity has improved slightly - daily volume in the first days of 2016 hovered close to the S $ 1 billion mark whilst Thursday' s turnover gained to 2.1 billion units worth S $ 1.3 billion. |
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| 05-Jan-2017 15:36 |
Straits Times Index
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European markets to open lower retail, banking stocks on the radar Markets in Europe are expected to open lower on Thursday after minutes from the last U.S. Federal meeting shown willingness to increase rates at a more pace. The FTSE 100 is poised to open down by 4 points at 7,186, the DAX is seen 3 points lower at 11,581 and the French CAC is expected 1 point higher at 4,900. The retail sector should draw some attention, after contracting during Wednesday' s trading, with the release of the latest retail PMI figures in the euro zone. Meanwhile, in the U.S., Amazon and Forever 21 are reportedly among those considering bidding for American Apparel. Shares of Deutsche Bank should also be under the radar after the German lender agreed to pay $ 95 million to resolve a lawsuit from the U.S. government accusing the bank of tax fraud. |
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| 05-Jan-2017 15:07 |
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| 05-Jan-2017 14:19 |
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Asia stocks trade mixed, Hang Seng up more than 1 percent Japanese shares were under pressure on Thursday after jumping more than 2 percent in its previous session with a weaker dollar weighing on exporters. Japan' s Nikkei 225 traded down 0.33 percent as the dollar' s momentum waned overnight. Over in Hong Kong, the Hang Seng gained 1.3 percent, after the Nikkei Purchasing Managers' Index (PMI) for December showed that the private sector economy might be on the cusp of a recovery, with a reading of 50.3, compared to November' s PMI at 49.5. Mainland Chinese shares were mixed, with the Shanghai composite up 0.11 percent and the Shenzhen composite effectively unchanged. China' s Caixin services purchasing managers' index (PMI) for December rose to its highest reading since July 2015 at 53.4 compared to 53.1 in November. This further boosts the view that China' s economy is gaining ground, after manufacturing PMI readings earlier this week also came in Stronger than expected. The dollar fell against a basket of currencies from their highest levels in 14 years this week. The greenback traded at 102.22 on Thursday during Asian hours, slipping from Wednesday' s high at 103.44. The U.S. Federal Reserve' s December meeting minutes were released on Wednesday, showing officials voted for the first interest rate hike in the year based on market reactions to Donald Trump' s surprise win and in anticipation of aggressive fiscal policy ahead. Kathy Lien, managing director of foreign exchange strategy at BK Asset Management, said the minute suggested the Fed' s optimism was based solely on Trump' s ability to follow through on his campaign promises for major tax cuts and big spending. " In other words, the Fed is betting on Donald Trump delivering, which is a risky gamble," said Lien. The Fed raised interest rates in December for just the second time in a decade and forecast three rate hikes for 2017. But the minutes also revealed that the Fed was concerned about a stronger dollar, and that more fiscal stimulus could raise demand above sustainable levels. During Asian trade, the West Texas Intermediate futures slipped 0.19 percent at $ 53.16 per barrel, while global benchmark Brent dipped 0.28 percent to $ 56.30. Spot gold was up 0.86 percent at $ 1,173.60 per ounce, at a four-week high. Straits Times Index 2,959.64 1.31% +38.33 ▲ Asian Indexes
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| 05-Jan-2017 09:07 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Stocks To Watch Sino Grandness, CAO, Raffles Medical |
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| 05-Jan-2017 09:06 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Asia stocks mixed ASX up 0.3%, Nikkei down 0.2% and Kospi flat Asian markets opened mixed on Thursday, as the dollar weakens and investors consider the implications of the Fed minutes. Japan' s Nikkei 225 traded weaker, down 0.17 percent after the yen strengthened against the greenback, as the dollar momentum waned overnight. The minutes showed the Fed was concerned about a stronger dollar, and that more fiscal stimulus could raise demand above sustainable levels. Investors were also searching for clues about what the central bank thought of President-elect Donald Trump' s proposed fiscal policy measures. Kathy Lien, managing director of foreign exchange strategy at BK Asset Management, said the minute suggested the Fed' s optimism was based solely on Trump' s ability to follow through on his campaign promises for major tax cuts and big spending. " In other words, the Fed is Betting on Donald Trump delivering, which is a risky gamble, " said Lien. The Fed raised interest rates in December for just the second time in a decade and forecast three rate hikes for 2017. During Asian trade, the West Texas Intermediate futures was up 0.09 percent at $ 53.31 per barrel, while global benchmark Brent added 1.8 percent to settle at $ 56.46 a barrel during U.S. hours. Oil prices had added more than 2 percent overnight in the US, with " a weaker dollar helping crude' s cause, as did the American Petroleum Institute' s (API) surprising 7.4 million barrel drawdown in inventory late in the session," said Jeffrey Halley, senior market Analyst at OANDA, in a note on Thursday. Spot gold was up 0.37 percent at $ 1,168.09 per ounce, at a near four-week high. Asian Indexes
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| 05-Jan-2017 06:57 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Dow closes within 100 points of 20,000 after Fed minutes are released U.S. stocks closed higher on Wednesday, with consumer discretionary and materials leading, as investors digested the Federal Reserve' s December meeting minutes. The minutes showed the central bank is concerned about a strengthening dollar, and that more fiscal stimulus could raise demand above sustainable levels. Investors were looking for clues about what the central bank thought of President-elect Donald Trump' s proposed fiscal policy measures. Rates at its last meeting for just the second time in a decade and forecast three rate hikes for 2017. " To some extent, [the minutes] reinforce the positive not that that we' ll see more growth," said Bruce McCain, chief investment strategist at Key Private Bank. " That' s the glass-half-full view the market seems to be taking. " Read more.... |
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| 04-Jan-2017 19:10 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Straits Times Index 2,921.31 0.77% +22.34 ▲
Singapore shares end 22.34 points higher on banking stocks rally SINGAPORE shares ended Wednesday' s session on a higher note, extending gains from the previous day. The benchmark Straits Times Index (STI) closed up 22.34 points or 0.77 per cent at 2,921.31, led by a rally in banking stocks. |
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| 04-Jan-2017 13:32 |
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Straits Times Index
2,921.19 0.77% +22.22 ▲ 
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| 04-Jan-2017 13:30 |
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Asian Shares Higher Nikkei Leads Gains With Strong US Outlook Japan equities kicked off the new year sharply higher on Wednesday, leading the region' s gains amid a robust outlook for the U.S. economy, coupled with expectations of continued yen weakness. The Nikkei Stock Average was up 2.3%, with the market reopening after a four-day holiday weekend, helped by gains in financial and export-oriented stocks. Japanese airbag maker Takata surged to its daily limit for a third-straight session, and was last up 17.5% on media reports that it was nearing a settlement with US prosecutors to resolve allegations of criminal wrongdoing. Hopes for an early settlement sent the stock up 66% in the past three sessions to reach a 14-month high on Wednesday. Other Asian markets also tracked Japan' s gains, with Singapore' s Straits Times Index up 0.7%, and the FTSE Bursa Malaysia Index adding 0.4%. Australia' s S & P / ASX 200 was flat. " Today was the first day of trade in Japan and market participants are reacting to the good news over the global economy," said analyst Masashi Murata, who covers regional and emerging markets for Brown Brothers Harriman. Crude oil also recovered with prices for Brent crude, the international oil benchmark, rising 0.7% to $ 55.86 a barrel early Wednesday, recovering from overnight declines. Oil futures had fallen on Tuesday in the U.S. over doubts as to whether major producers will be able to follow through on an agreement to cut production. In China, the Shanghai Composite Index was up 0.4% ahead of the release of the China Services Purchasing Managers' Index. On Tuesday, a private gauge of manufacturing came in at the strongest level since early 2013. Despite across the board buying in blue-chip stocks, Hong Kong' s Hang Seng Index was down 0.1% in the morning session on Wednesday. Investors there are on the sidelines as they watch for any fallout from Mr. Trump' s policies, as well as capital outflow Restrictions on Chinese nationals. Asian Indexes
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| 04-Jan-2017 09:50 |
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Asian markets open mixed Japanese shares jumped more than 1 percent at the open in Asia on Wednesday following Wall Street' s higher close and a stronger dollar. In Japan, the Nikkei 225 leaped up 1.2 percent while the Topix bounced up 1.25 percent, likely due to expectations of a weaker yen after the greenback hit a 14-year high overnight against a basket of currencies. Australia' s ASX 200 slipped 0.02 percent after initial opening up positive. South Korea' s Kospi slipped to trade down 0.06 percent. The country' s political saga continues after President Park Geun-hye refused to testify on Tuesday in the impeachment trial that is set to determine her future, after denying charges of wrongdoing over the weekend. Asian Indexes
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| 04-Jan-2017 09:12 |
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Stocks To Watch CapitaLand, Jumbo, HC Surgical, ISR Capital, Midas |
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| 04-Jan-2017 09:08 |
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Stocks To Watch CapitaLand, Jumbo, HC Surgical, ISR Capital, Midas |
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| 04-Jan-2017 07:48 |
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Stocks close off session highs as oil falls 2.6% telecoms lead Stocks rose on Tuesday, the first trading day of 2017, but closed off their session highs as oil prices gave back initial gains. " When oil started to slip and the dollar peaked, that' s when you saw stocks fall off a bit," said Robert Pavlik, chief market strategist at Boston Private Wealth. " I think, near term, people are expecting the market to give something back " " The fact remains that the market is not cheap. We' re at really high valuations. " Crude prices hit 18-month highs amid hopes that a deal struck between OPEC and non-OPEC countries to cut production will reduce excess excess supply. At session highs, US crude prices had gained more than 2 percent. However, they settled 2.6 percent lower at $ 52.33 per barrel as concerns that Libya will increase production dampened investor sentiment. " That' s a reminder that there has been been questions regarding [production-cut] compliance," said Quincy Krosby, market strategist at Prudential Financial. " Nobody is expecting full compliance. It' s a matter of how many countries are out of compliance. The three major stock indexes traded around 1 percent higher earlier on Tuesday, with the Dow having risen 175.93 points at session highs. " The real excitement earlier this morning came on the back of global markets rallying and [strong] PMIs," said Art Hogan , Chief market strategist at Wunderlich Securities, adding that strong oil prices were also boosting equities. He also said " you really have to juxtapose the strong gains we' ve had [in stocks] against the strong dollar. I think that' s starting to seep into the market here." The US dollar rose more than 1 percent against a basket of currencies , With the euro trading near $ 1.04 and the yen around 117.7. Chinese stocks closed higher on the back of strong domestic data and of crude spike, with the Shanghai composite rising 1.04 percent. China' s Caixin Manufacturing Purchasing Managers' index (PMI) rose to 51.9, compared with 50.9 in November and beating forecasts for 50.7, on The back of increased demand. European equities also rose, with the Stoxx 600 Europe index advancing 0.7 percent. In US economic news, the final read on December IHS Markit manufacturing PMI came in at 54.3, hitting a 21-month high. A number above 50 signals expansion, while a number below 50 shows contraction. The ISM manufacturing index read for December, meanwhile , Came in at 54.7, above November' s read of 53.2. And construction spending hit its highest level in more than 10 years in November. Gold futures for February delivery gained $ 10.30 to settle at $ 1,162 per ounce. Read more .. |
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| 03-Jan-2017 18:24 |
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Straits Times Index 2,898.97 0.63% +18.21▲
Singapore shares finish higher in low volume Jardine stocks main index gainers IN contrast to 12 months ago when a crashing China market brought the sellers out in force, the Straits Times Index (STI) kicked off 2017 on a more positive note, trading within a narrow band before a 120-point rise in the Dow futures and Jumps in the Jardine group enabled it to rise 18.21 points to 2,898.97. Turnover however, was a weak 1.8 billion units worth S $ 798 million, though this was in line with the S $ 852 million done on the first day of 2016 when the STI plunged 1.6 per cent. This time, trading was a lot more sedate albeit firm , With the broad market recording 242 rises over 158 falls excluding warrants. Asia: Markets up on first trading day of year Most Asian markets were higher on Tuesday on the first trading day of the year, continuing their trajectory from the end of a volatile 2016. Overall, world markets ended last year in the black despite shock votes in Britain and the United States. But Shanghai was the exception with a slump of more than 12 per cent and Japan' s Nikkei posted only modest gains. However, Chinese stocks finished solidly higher on Tuesday after an independent research firm showed manufacturing activity expanded in December at its quickest pace in nearly four years, a sign of improving health for the world' s second-largest economy. The benchmark Shanghai Composite Index gained 1.04 per cent, while the Shenzhen Composite Index, which tracks stocks on China' s second exchange, increased 0.86 per cent. Sydney and Seoul both closed up around one per cent, while Hong Kong was tracking slightly gains in afternoon trade after opening flat. SEE ALSO: Hong Kong: Shares close up in first trading day of the yr Markets in Japan were closed for the final day of an extended New Year holiday. The dollar was mixed against most key Asia-Pacific currencies but was projected to continue its climb over the longer term, on expectations of more US interest rate increases this year and Donald Trump' s inauguration as US president. " The US dollar should remain strong in 2017. Growth and inflation in the US will be the strongest amongst the G3 economies (US, Japan and the EU)," Singapore' s DBS Bank said in a note. " We expect the Fed to hike four times this year whilst the eurozone and Japan maintain their quantitative easing policies," it added. " Donald Trump will be onaugurated on 20 January as US President. The US dollar should appreciate in anticipation of his plans to reflate the US economy with infrastructure spending, tax cuts and fiscal stimulus. Malaysian lender Maybank said the dollar' s retreat against some other currencies was a technical correction following its strong showing last year. The " dollar corrected into the new year but dips were noticeably shallow even in the midst of lighter holiday volume," it said in a note. Oil prices rose as an agreement by major producers to cut output took effect. Opec members led by Saudi Arabia and non-Opec producers like Russia late last year agreed to slash output to try to shore up prices weighed down by an oversupply since mid-2014. " The outlook for 2017 looks robust as the Brent crude futures chart indicates the price to rise slowly to around US $ 59 per barrel by the end of 2017," said EY oil and gas analyst Sanjeev Gupta. AFP |
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| 03-Jan-2017 10:58 |
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Asian Indexes
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| 03-Jan-2017 08:58 |
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Asian stocks gain ASX up 0.9%, Kospi adds 0.2% Asian markets gained on Tuesday after a strong finish to 2016 with a key indicator of China' s private manufacturing sector' s health ahead and a deal by Australia and New Zealand (ANZ) Banking Corp. catching attention. Australia' s ASX 200 surged 0.94 percent, supported by broad gains across all sub-indexes, except for the all ordinaries gold sub-index which plunged 2.3 percent. The benchmark index ended 2016 up 6.99 percent, its best year since 2013 when it gained 15.13 percent . Shares of ANZ were up 1.51 percent to A $ 30.87 each, after the Australian lender announced it had reached a deal to sell 20 percent stake in Shanghai Rural Commercial Bank to China COSCO Shipping and Shanghai Sino-Poland Enterprise Management Development. In South Korea, the Kospi opened 0.23 percent, likely due to the weaker Korean won as it benefits exporters when overseas profits are repatriated. Investors will eye the Caixin China PMI for December with figures at the weekend that showed the official PMI from the China Federation of Logistics and Purchasing and the National Bureau of Statistics fell to 51.4 in December, slightly weaker than expectations. New Zealand, Japan and Thailand markets will be shut for public holidays. During Asian trade, U.S. crude rose 0.56 percent to $ 54.01 per barrel, while global benchmark Brent last settled at $ 56.82. " There is limited upside at least in the first half of 2017, and a lot of it just hinges on what OPEC does and whether it will comply with the agreement it made late last year," Azlin Ahmad, crude oil editor of Argus Media, Said to CNBC. Ahmad added that Organization of Petroleum Exporting Countries production cuts will only be marked towards the end of January, which might mean volatile trading for the new few weeks. |
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| 31-Dec-2016 18:47 |
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Huat arh~ 
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| 31-Dec-2016 07:13 |
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US stocks limp toward 2017 after third straight day of losses U.S. stocks finished 2016 with a thud on Friday after all three major indexes ended the year with three straight days of losses for the first time since Nov. 4. The market weakened further as traders speculated that a large number of orders to sell had been placed. Art Cashin, director of floor operations at UBS, said the selling orders totaled about $ 1.2 billion. Still, investors were looking ahead to 2017. Kevin Mahn, president and chief investment officer at Hennion & Walsh Asset Management, said investors will be optimistic going into the new year, but it' s possible some of next year' s gains may have already been priced in to This year' s market. " Coming out of 2016 with the wind at the backs of many investors and heading into 2017 with a recurring wave of confidence - with respect to economic growth or stock market growth in certain sectors of the US - could lead into a very attractive year in 2017 , " He said. Mahn cautioned that any derailment in the Trump presidency - such as a delay or incapability to repeal Obamacare - could cause a pullback in the market. " A lot of investors are being lulled with a false sense of comfort," he said. " We could see some volatility early in the year if it appears that what everyone' s backed into the markets does not happen soon." For the final data report of 2016, the Chicago Purchasing Manager' s Index for December came in at 54.6, lower than consensus forecasts of 56.8. This month' s figure is also down from November' s reading of 57.6. Looking back, 2016 began with a reading of 55.6 in January. Read more.... |
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