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STI 3,000 boosted by pivot investors mkt players
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teeth53
Supreme |
17-Dec-2014 22:14
Yells: "don't learn through life, learn to grow with life " |
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x 0
x 0 Alert Admin |
http://www.chinadaily.com.cn/china/2010-11/24/content_11599087.htm Russia look to East, then to West. New power bridge across Russia-China border completed China, Russia reach consensus on energy cooperation Highlights of Chinese premier' s activities in Russia |
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teeth53
Supreme |
17-Dec-2014 22:10
Yells: "don't learn through life, learn to grow with life " |
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x 0
x 0 Alert Admin |
China, Russia quit dollar?Updated: 2010-11-24 - By Su Qiang and Li Xiaokun (China Daily)http://money.cnn.com/2014/12/16/news/economy/russia-ruble-indonesia-rupiah-emerging-markets/index.html?iid=HP_HighlightAmid fears about the so-called " Fragile Five" -- Turkey, Brazil, India, Indonesia and South Africa. Central banks in those countries were forced to prop up shaky currencies after political and economic concerns sparked big outflows of capital. |
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bishan22
Supreme |
17-Dec-2014 21:13
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x 0
x 0 Alert Admin |
Tml O& G counters will do a go go again. |
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scotty
Veteran |
17-Dec-2014 21:08
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x 0
x 0 Alert Admin |
My petrol price didn' t fall so fast leh... kana sai |
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teeth53
Supreme |
17-Dec-2014 19:28
Yells: "don't learn through life, learn to grow with life " |
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x 0
x 0 Alert Admin |
Yahoo - Oil prices sink further in Asian trade AFP News. 1 hour 17 minutes ago
Oil suffered fresh losses in Asia Wed, sinking to new multi-year lows as dealers watch Russia's ruble crisis & await latest US crude supply report, analysts said. US benchmark West Texas Intermediate for Jan delivery sank $1.16 in afternoon trade to $54.77 while Brent crude for Feb fell 71 cents to $59.30 on the contract's. Brent for Jan finished down $1.20 at $59.86 in London, after slipping below the psychological $60 for the first time since July 2009. Oil investors are closely watching the situation in crude producer Russia after the ruble on Tues crashed to record lows against dollar, losing some 20% in value. |
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WanSiTong
Supreme |
17-Dec-2014 16:37
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x 0
x 0 Alert Admin |
17 Dec4:13 PM [HONG KONG] Asian markets were mixed on Wednesday as bargain-hunting was offset by more losses on Wall Street, while investors await the outcome of a Federal Reserve policy meeting. Oil prices extended their losses to fresh five-and-a-half-year lows. The dollar recovered slightly against the yen ahead of the Fed get-together, which is being closely watched for clues about its interest rate plans. Tokyo rose 0.38 per cent, or 64.41 points to finish at 16,819.73 after sinking almost three per cent in the previous two sessions. Sydney added 0.19 per cent, or 9.6 points, to 5,161.9 and Shanghai jumped 1.31 per cent, or 39.50 points, to end at 3,061.02. But Seoul fell 0.21 per cent, or 3.97 points, to 1,900.16 while in late afternoon trade Hong Kong gave up 0.19 per cent. Global markets have been in turmoil this week due to concerns about the effect of plunging oil prices on energy firms as well as the crude-dependent Russian economy, which is also straining under Western sanctions. The ruble - which plunged to a record low of 80 to the dollar Tuesday - sat at 70.77 in early Moscow trade Wednesday. The central bank ramped up interest rates to 17 per cent from 10.5 per cent on Tuesday and spent about US$2 billion to try to support the unit. Sebastien Barbe, head of emerging market research and strategy at Credit Agricole said in a note that the rate hike and plunging oil prices suggest " a meaningful recession next year" . " Further depreciation pressure suggests that rate hikes and forex intervention may not be enough. At the current juncture, the odds of targeted capital controls are increasing significantly." On Wednesday crude slipped again, ahead of the release of the latest US supply report. US benchmark West Texas Intermediate for January delivery fell 46 cents to $55.47 while Brent crude for February was down 39 cents to $59.62. US dealers offered Asia a weak lead, with unease over the crude market as well as Russian woes leading to a sell-off on Wall Street Tuesday. The Dow eased 0.65 per cent, the S& P 500 fell 0.85 per cent and the Nasdaq tumbled 1.24 per cent. However, some Asia investors took advantage of cheap valuations. " After several days of steep falls, stocks are definitely cheap enough to pick up, but the markets remains beholden to exterior influences such as volatile currency and commodity price," Hiroichi Nishi, SMBC Nikko Securities general manager of equities, told Dow Jones Newswires. " The turmoil may be far from over." Eyes are now on the end later Wednesday of the Fed' s two-day meeting, with dealers looking for some guidance over monetary policy amid growing speculation that the central bank will raise interest rates by the middle of 2015. Despite expectations of higher US rates the dollar has retreated against the yen in recent days, with fears over the global economy sending traders into safer investments. However the greenback fought back to 117.11 yen from 116.59 yen in New York, although it is still down from 117.39 yen in Tokyo earlier Tuesday. The euro bought 146.29 yen and US$1.2486 against 145.86 yen and $1.2511. Chinese investors continue to pile into the Shanghai market, chasing a rally on hopes the government will introduce measures to kickstart the economy. The huge influx of dealers has seen the composite index surge by a quarter over the past month, helped by an interest rate. Gold was at US$1,198.16 an ounce compared with US$1,199.36 late Tuesday. In other markets: - Taipei tumbled 1.37 per cent, or 122.55 points, to 8,828.36. Taiwan Semiconductor Manufacturing Co. fell 1.88 per cent to NT$130.5 while smartphone maker HTC was 1.40 per cent lower at NT$141.0. - Wellington was flat, edging up 0.83 points to 5,496.59. Air New Zealand gained 0.40 per cent to NZ$2.51 and Fletcher Building was steady on NZ$7.97. |
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ash902
Veteran |
17-Dec-2014 16:14
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x 0
x 0 Alert Admin |
today dead cat bounce? tmlo down another 80? |
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teeth53
Supreme |
17-Dec-2014 15:46
Yells: "don't learn through life, learn to grow with life " |
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x 0
x 0 Alert Admin |
December 16, 2014 - 14:44:24 PST
Fed Will Implement QE4 To Try And Halt A Major Collapse In The International Monetary System In Early 2016 - Jim Rickards Jim Rickards discusses China & Russia Stockpiling Gold trying to Get Out of the Dollar also the Fed, LTCM, SONY, QE4... Read More
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RoundRound
Elite |
16-Dec-2014 18:16
Yells: "Tikam Tikam can also" |
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x 0
x 0 Alert Admin |
Look like there's forced selling for some counters today, eg. Midas
For those who used margin financing to buy or invest, effect is multipled. Think some will be wiped off this SGX killing field for good. |
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teeth53
Supreme |
16-Dec-2014 18:11
Yells: "don't learn through life, learn to grow with life " |
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x 0
x 0 Alert Admin |
Brent oil tumbles under $60 for first time since 2009AFP - 1 hour ago
Brent oil slumped Tuesday to a new five-year low below $60 per barrel, as shrinking Chinese manufacturing activity stoked global demand concerns, with sentiment also plagued by over-supply. In morning London deals, the price of Brent North Sea crude for delivery in January sank to $59.49, hitting a low last seen in July 2009 |
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teeth53
Supreme |
15-Dec-2014 08:31
Yells: "don't learn through life, learn to grow with life " |
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x 0
x 0 Alert Admin |
OPEC, supplier of 40% world?s oil, cut it forecast, crude it need to supply for most of the next two decades as the shale-energy boom in the U.S. lessens dependency on the group.
Demand for crude from Organization of Petroleum Exporting Countries may fall to a 14-year low. That?s 600,000 a day less than last year?s report and 800,000 below the amount required this year. OPEC lowered every forecast for its crude through 2035 except next year, which will be higher than previously. Secretary-General Abdalla El-Badri The group?s members face mounting competition in the U.S., where technological breakthroughs -- hydraulic fracturing and horizontal drilling -- have caused a surge. OPEC won?t do to tackle glut when it meets on Nov. 27 to discuss output. ?It does not necessarily mean..., ?OPEC will still retain a sufficiently large share of the market to influence it with the additional barrel it either puts on or subtracts.? Forecast Reduction The biggest reduction in OPEC?s long-term forecasts for its crude from last year?s report was for 2030. Buyers will need 33 million barrels a day that year, down from the 34.8 million that it estimated a year ago. OPEC raised its forecast for combined supplies from the U.S. and Canada for each year in its ?medium-term? outlook from 2013 to 2018. It boosted the 2018 estimate by 2.2 million barrels a day to 19.1 million, and introduced a 2019 prediction of 19.4 million barrels a day. The two countries? supplies from ?tight crude? -- defined as ?oil produced from low-permeability formations after having been hydraulically fractured? -- will reach 4.4 million barrels a day in 2019, from 3.4 million this year, according to the report. Shale drillers will be hurt by the recent decline in prices before members of OPEC because their costs are higher, with about 50 percent of shale supply likely to be curbed unless oil recovers, El-Badri said in London. Global Consumption The organization increased estimates for global oil demand in 2015, by 700,000 barrels a day to 92.3 million a day, predicting that consumers outside the most advanced nations will use more oil than highly developed economies next year for the first time. OPEC boosted its 2018 global demand view by 600,000 barrels to 95 million a day and introduced a demand forecast for 2019 of 96 million barrels a day. Growth will average 1 million barrels a day from 2013 to 2019, compared with the average of 900,000 for 2012 to 2018 published in last year?s report. Oil prices slipped today as Libya prepared to restart its biggest oil field following an attack by gunmen. Libya should resume pumping ?soon? at the Sharara field, Mansur Abdallah, director of oil movement at the Zawiya oil refinery and oil port, said in a telephone interview. Upstream Investment OPEC members may need to invest more than $40 billion a year on finding and developing new oil supplies for the rest of this decade, and $60 billion a year in the longer-term. The oil industry as a whole will have to spend $7.3 trillion on upstream projects in the period from 2014 to 2040. Most of this spent outside OPEC, at a rate in the medium term of $300 billion a year. Additional expenditure on transportation, storage and refining means that the global oil industry will need to invest $10 trillion to 2040, according to the report. The report assumes that OPEC?s gauge of oil prices, a ?basket? composed of grades from each member, will remain at $110 a barrel in nominal terms for the rest of the decade, rising to $124 a barrel in 2025 and $177 a barrel in 2040. That basket was at $78.11 yesterday. It averaged $100.86 in the third quarter and $101.51 so far this year. |
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teeth53
Supreme |
14-Dec-2014 22:19
Yells: "don't learn through life, learn to grow with life " |
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x 0
x 0 Alert Admin |
OPEC is urging Gulf Arab nations to continue investing in oilfield development despite sharp slide in crude prices. Speaking at a forum in Dubai, Abdullah al-Badri says investment will help prevent a shortfall in supply once demand picks back up in the future. Oil prices have slid sharply in recent day, with benchmark U.S. crude settling@$57.81 a barrel last week. Al-Badri says OPEC has no target price it seeks for a barrel of oil. He says US will continue to rely on Mideast petroleum despite rising domestic shale oil production. |
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Kyoto2008
Elite |
13-Dec-2014 21:45
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x 0
x 0 Alert Admin |
Excellent articles. Let' s see what Russia will do. History is a good guide. Anyone know anything about Aryans? Why was Hitler so successful in convincing Germans they are superior human beings? |
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teeth53
Supreme |
13-Dec-2014 21:32
Yells: "don't learn through life, learn to grow with life " |
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x 0
x 0 Alert Admin |
U.S. is no exception - Friday. DOW also has to fall....three hundred over points. Of the 24 right-wing populist parties that took about a quarter of the European Parliament' s seats in May elections, Political Capital lists 15 as " committed" to Russia. Russian Responsed - Russian loan to France' s National Front. Invitations to Moscow for leaders of Austria' s Freedom Party and praise Vladimir Putin - head of Britain' s anti-European Union party. Kremlin is keener than ever to enlist Europe' s far-right parties in its campaign for influence in the West. Russia fears that EU and NATO sphere of influence and it repeatedly served notice that it will not tolerate that scenario on recently with its Ukraine campaign. Europe' s right-wing and populist parties, meanwhile, see with to regard on EU as a toady to America. Moscow' s allies are right to far-right reflects the Kremlin' s full turn. On embraced as partners helping further Russia' s interests advocacy of traditional family values, belief in authoritarian leadership, a distrust of the U.S. and support for strong law-and-order measures. Statements critics on EU, or euroskeptics, reflect admiration of the Kremlin. National Front founder Jean-Marie Le Pen told the Associated Press (AP). France and Russia " have a communality of interest." Daughter Marine Le Pen, party president and a strong contender for the French presidency in 2017, envisions a Europe stretching " from the Atlantic to the Urals" &mdash a " pan-European union" that includes Russia and is supported by other right-wing parties. Nationalist Hungarian Premier Viktor Orban perceives, " wind blowing from the East" , sees Russia as an ideal political model for his concept of an " illiberal state." The head of Britain' s euroskeptic Independence Party, Nigel Farage. Putin is the world leader he most admires. Russia offers world power friendship to Le Pen and other parties visit Moscow repeatedly, and guests at the party' s congress included Andrei Isayev, deputy speaker of the Russian parliament' s lower house. Other Moscow regulars euroskeptic parties across EU. Hungary' s anti-Semitic Jobbik and Austria' s Freedom Party. Jobbik parliamentarian Bela Kovacs &mdash his detractors call him " KGBela" , Freedom Party firebrand Johann Gudenus accused the EU of kowtowing to " NATO and America" . Many political fringes are eager for chance to hobnob with Russian powerbrokers, gain air time on RT television, Russia' s international answer to CNN, or to act as monitors. For them, " benefit is they can receive diplomatic support from superpower," Peter Kreko - Hungary' s Political Capital research institute. Financial rewards are also incentives. Orban has just signed a nuclear-reactor deal with Moscow. France, National Front' s recent 9 million euro loan from a Russian bank owned by a reputed Putin confidant. Marine Le Pen describes it as " a perfectly legal loan that we will reimburse perfectly legally," saying the party turned to Russia after being rejected by Western banks. Links between Russia and the right pre-date Ukraine conflict. A 2005 U.S. diplomatic cable made public by Wikileaks noted close ties between Bulgaria' s extreme-right Ataka party and the Russian Embassy in Sofia. And Joerg Haider, the late leader of Austria' s Freedom Party, helped powerful Russian businessmen with residency permits. Moscow' s search for allies in Europe always restricted to anti-EU figures. Shekhovtsov sees Putin' s friendships with German ex-Chancellor Gerhard Schroeder and Italy' s former Premier Silvio Berlusconi as useful for the Kremlin before foreign policy differences that culminated. Moscow may have few alternatives to courting Europe' s EU malcontents in hopes that their strong domestic and EU election showings this year will help further its own interests. Many owe their popularity to voter perceptions that EU-friendly parties in power are to blame for the continent' s economic woes &mdash a view that could grow if the downturn persists. " What Russia is saying is, ' It' s fine for you to be the way you are,' " says analyst Melik Kaylan, in a study for the Institute of Modern Russia. " ' You' re authoritarian. We' re authoritarian. Let' s work together against the West.' " |
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teeth53
Supreme |
13-Dec-2014 21:08
Yells: "don't learn through life, learn to grow with life " |
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x 0
x 0 Alert Admin |
Russia threatens response if US sets new sanctions. Saturday to news that US senators had passed a bill calling for fresh sanctions against Moscow and the supply of lethal military aid to Ukraine. " Undoubtedly, we will not be able to leave this without a response," deputy foreign minister Sergei Ryabkov told Interfax news agency ahead of a meeting between the Russian and US foreign ministers. The Senate bill -- dubbed the Ukraine Freedom Support Act Plunging oil prices have slammed the economies of both countries, which are highly dependent on oil revenue. U.S. is no exception - DOW also has to fall....fears stem from the fact that the Russian govt gets half of its revenue from oil and gas exports. Recently the situation seems much more dire for Venezuela. Oil prices have dropped 40% since June. Oil makes up 96% of its export earnings and Venezuela stands to suffer much more because it costs more to produce it. The Venezuelan economy had already been struggling with political instability and sky high inflation. And the spectre of default looms larger which is deep in debt and has been burning through its foreign currency reserves. For every dollar, the price of oil declines, Venezuelan loses $800m in export. Selling assets and borrowing from China?, the continued decline in oil prices could force a " massive devaluation" of the Venezuelan currency. teeth53 thot - See how is oil falling prices effected samll players, was thinking of M' sia n Indonesia. Out immediate neighbours. |
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WanSiTong
Supreme |
10-Dec-2014 08:28
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x 0
x 0 Alert Admin |
10 Dec6:46 AM [NEW YORK] Wall Street stocks on Tuesday shook off much of the negative momentum from Asian and European equity markets, finishing the day mixed after a bruising open. The Dow Jones Industrial Average dropped 51.28 points (0.29 per cent) to 17,801.20. The broad-based S& P 500 slipped 0.49 (0.02 per cent) to 2,059.82, while the tech-rich Nasdaq Composite Index gained 25.77 (0.54 per cent) to 4,766.47. US equities opened sharply lower, following gloomy sessions overseas trade sparked by tougher Chinese rules on lending and political instability in Greece. Analysts also cited reports that suggested the US Federal Reserve could move up its timetable for raising interest rates. But US stocks ralllied in late morning trade. " You saw what you' ve seen multiple times over the last year and a half," said Michael James, managing director of equity trading at Webush Securities. " Pullbacks are meant to be bought." Dow member Verizon Communications sank 4.1 per cent as it warned that fourth-quarter earnings would be pressured by a " highly competitive and promotion-filled" business environment. |
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teeth53
Supreme |
10-Dec-2014 08:20
Yells: "don't learn through life, learn to grow with life " |
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x 0
x 0 Alert Admin |
Every nations n state will benefit from lower oil prices, with the exception of oil producing nations. Even oil related factories process plants stand to benefit from cheaper oil. Based on supply n demand. Cheper Oil will filtered to everyone pocket and can spend more on consumer items n pay less on oil n energy related bill. | ||
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RoundRound
Elite |
10-Dec-2014 07:57
Yells: "Tikam Tikam can also" |
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x 0
x 0 Alert Admin |
Yesterday most world indices was in the red, some really deep red yet our STI at one point was up over 35 points, or over 1%. Why?
Specifically a few GIC linked heavyweight was up in such an unusual circumstances. And worse is when STi was up 35 points at that time then, the broader market, especially penny counters was in a sea of red. VERY UNUSUAL. Invisible hand propping up STi for some reason we do not know.
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teeth53
Supreme |
10-Dec-2014 07:34
Yells: "don't learn through life, learn to grow with life " |
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x 0
x 0 Alert Admin |
TRADERS is undeterred by latest dip in oil prices as STI rised in constrast to wall street fall. It good news for exporters as oil prices fall and U.S.$ rises. Most factories and oil consumer nation will benefit from lower low oil costs and it will hav a ripple effect filtering to each and everyone pocket. |
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teeth53
Supreme |
05-Dec-2014 14:01
Yells: "don't learn through life, learn to grow with life " |
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x 0
x 0 Alert Admin |
Key facts about the great oil crash of 2014
http://www.washingtonpost.com/opinions/robert-samuelson-key-facts-about-the-great-oil-crash-of-2014/2014/12/03/a1e2fd94-7b0f-11e4-b821-503cc7efed9e_story.html Since mid-June, crude prices have dropped roughly 40%, from $115 a barrel to $70 a barrel now. U.S. gasoline prices have fallen. These declines signal a massive transfer of wealth from producers to consumers, estimated at about $1.5 trillion annually by economist Edward Yardeni. Although the full implications are hazy ? in part because it?s unclear where prices will settle ? likely effects include a boost to the sluggish global economic recovery and political strains for some major exporters, including Nigeria, Venezuela, Russia and Iran. Why is this happening? What does it mean? Here?s what we know. The law of supply and demand did it. The price collapse mainly reflects too much supply chasing too little demand. Most analysts have focused on surging U.S. production of ?shale? oil, which has increased by 3.5 million barrels a day (mbd) since 2008, according to the consultancy IHS. But the U.S. expansion was widely anticipated. The real surprise was lower-than-expected global demand. In early 2014, forecasters predicted growth of 1.3 mbd, says Goldstein. Actual growth is about half that, 700,000 mbd, reflecting unpredicted economic weakness in Europe, Japan and China. This shift in supply-demand balance resulted in significant price changes, as oil demand is ?price inelastic.? Modest surpluses and shortages can trigger dizzying price swings ? in the short run ? are rigid. Shortages cause a scramble for supply surpluses produce price plunges the market. As global oil consumption today is about 92 mbd, and available production capacity is about 95 mbd. Lower prices, if maintained, represent a huge consumer windfall. All countries that are net oil importers (most of Europe, Japan, China) should benefit. United States given its driving and flying habits should be especially big winner. If crude prices decline an average of $25 a barrel, typical households could save $500 over the next year, says economist Mark Zandi of Moody?s Analytics. On the assumption that two-thirds of the windfall is spent, the economy would grow nearly 0.4% 0faster (that?s about $70 billion in a $17 trillion economy) and generate 350,000 jobs. Cutbacks in oil exploration and development shouldn?t offset most of this stimulus. In theory, low prices could cause oil companies to scrap new projects because they have become unprofitable. This would dilute the effect of higher consumer spending. But for U.S. shale oil, the threat is modest, argued Daniel Yergin of IHS in the Wall Street Journal. He cited an IHS study, based on individual well data, finding that 80% of projects planned for 2015 are profitable with oil prices between $50 and $69 a barrel. (IHS assumes that prices will stabilize at $77 a barrel.) OPEC (Organization of Petroleum Exporting Countries) is not a working cartel. Cartels prop up prices by limiting supplies. If OPEC?s members ? representing a third of global oil output ? were a genuine cartel, they would have prevented the price collapse. OPEC didn?t because, says Goldstein, almost all its members want ?to produce every barrel they can.? Only Saudi Arabia, its largest member, would trim production to raise prices. It refused to shoulder single-handedly the costs of being a cartel. For many producing nations, oil revenue constitutes a sizable share of govt budgets. Will the squeeze cause social strife or political instability? Will it spur some (Vladimir Putin?) to become more bellicose to distract from a faltering economy? Will the damage cause OPEC members to behave like a real cartel? The oil crash is a big story in 2014. It might be even bigger in 2015. |
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