| Latest Forum Topics / Straits Times Index |
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STI to cross 3000 boosted by long-term investors
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WanSiTong
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25-May-2016 17:11
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HSI leads gains as most Asian markets advance, tracking Wall Street rise Asia markets mostly closed higher on Wednesday, with Hong Kong leading gains and several major indexes advancing more than 1 percent each, tracking Wall Street' s rise on solid housing data. Chinese mainland markets gave up morning gains to close lower, with the Shanghai composite down 6.38 points, or 0.23 percent, at 2,815.27, and the Shenzhen composite lower by 4.37 points, or 0.24 percent, at 1,800.22. Chinese mainland markets gave up morning gains to close lower, with the Shanghai composite down 6.38 points, or 0.23 percent, at 2,815.27, and the Shenzhen composite lower by 4.37 points, or 0.24 percent, at 1,800.22. " Asian markets have had limited news flow to deal with today," said Chris Weston, chief market strategist at spreadbetter IG. " The bold moves [today] are a reflection of the belief that the global economy is actually not so shabby." Kathy Lien, managing director for foreign exchange strategy at BK Asset Management, said positive U.S. home sales data released Tuesday " validated the Federal Reserve' s hawkish monetary policy stance." " As more central bankers say that two or more hikes in 2016 is likely, the more investors start to realize that they are underestimating the Fed' s commitment to normalizing monetary policy," she said. The Japanese yen remained relatively weak against the dollar, with the pair trading at 110.00 as of 4:05 p.m. HK / SIN, a touch down from a previous session high of 110.18. Major Japanese export stocks mostly closed higher, with Toyota shares adding 2.32 percent, Nissan up 1.49 percent and Honda gaining 2.4 percent. A weaker yen is a positive for exporters as it increases their overseas revenue when converted into local currency. Oil prices advanced in Asian hours on Wednesday, with global benchmark Brent futures up 1.36 percent at $ 49.27 a barrel as of 4:07 p.m. HK / SIN. U.S. crude futures added 1.38 percent to $ 49.29 a barrel. Energy plays in the region closed mixed, with Santos up 2.64 percent, Oil Search up 2.92 percent and Inpex higher by 1.08 percent. Mainland Chinese oil stocks finished mostly lower, with shares of Sinopec down 0.17 percent and China Oilfield lower by 0.65 percent. Overnight, oil prices jumped after data from the American Petroleum Institute showed U.S. crude inventories fell 5.1 million barrels last week, beating expectations from analysts, according to Reuters. The market will also watch for the U.S. Energy Information Administration' s official inventory numbers on Wednesday local time, Reuters said. Weston added, " If we see a big draw down in the official report, then $ 50 oil is a reality, and we are back into the break-even levels of the U.S. shale gas companies." Asian Indexes
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WanSiTong
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25-May-2016 17:01
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Dow future up 65 European Indexes
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WanSiTong
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25-May-2016 12:37
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sista, you have to see him after his Japan trip. the meal should not cost more than $ 6 lol~  
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GorgeousOng
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25-May-2016 12:37
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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He should drop by Singapore to eat 大 肥 雄 Bak Chor Mee!!!
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WanSiTong
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25-May-2016 12:18
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President Barack Obama stopped for a meal with celebrity chef Anthony Bourdain on the first leg of the President' s historic Asia trip. Total cost of bun Cha dinner with the President: $ 6.00. President Obama will soon travel from Hanoi to Ho Chi Minh City before heading off to Japan.  
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GorgeousOng
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25-May-2016 12:05
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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Good news is bad news, Bad news is good news..... Lalalalalala.... Tomorrow...I am going to see Omama ..... |
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risktaker
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25-May-2016 11:34
Yells: "Posts are opinions. Do not take it as investment advise " |
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I got new update... but can only tell u guys next week... hahaha
:)
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GorgeousOng
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25-May-2016 11:11
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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Bull may be temporary.... See who win the election....😊 😊 😊
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halleluyah
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25-May-2016 11:10
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Sellers n shortists coming out liao lor....lol |
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Isolator
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25-May-2016 10:40
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Again to remind..., Dow above 21k oil above 60.... Gold below 900... | |||||||||||||||||||||||||||||||||||||||||||||||||
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WanSiTong
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25-May-2016 10:24
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Asian Indexes
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risktaker
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25-May-2016 10:19
Yells: "Posts are opinions. Do not take it as investment advise " |
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The truth is... this is a short squeeze to kill all shorters.... target will be 18k | |||||||||||||||||||||||||||||||||||||||||||||||||
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Isolator
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25-May-2016 09:34
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Enjoy the bull.... | |||||||||||||||||||||||||||||||||||||||||||||||||
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WanSiTong
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25-May-2016 08:52
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Stocks To Watch Sembcorp, SembMarine, mm2 Asia, Valuetronics, EuroSports, Hour Glass, Hotel Grand Central   |
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WanSiTong
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25-May-2016 08:26
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Asian Indexes
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WanSiTong
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25-May-2016 08:04
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Asia markets look higher after strong new home sales spur US Futures pointed to a higher open for Asian markets on Wednesday, after encouraging reports on the housing market stateside saw gains in U.S. stocks. New home sales in US for April jumped 16.6 percent to a seasonally adjusted annual rate of 619,000 units, topping expectations and the highest level since January 2008, reported Reuters. Kathy Lien, managing director for foreign exchange strategy at BK Asset Management, said the positive home sales data " validated the Federal Reserve' s hawkish monetary policy stance." " As more central bankers say that two or more hikes in 2016 is likely the more investors start to realize that they are underestimating the Fed' s commitment to normalizing monetary policy," she said. The Japanese yen weakened against the dollar, with the pair trading at 110.01 as of 6:36 a.m. HK / SIN. Oil prices advanced in early Asian hours on Wednesday, with global benchmark Brent futures up 1.43 percent to $ 49.04 as of 6:38 a.m. HK / SIN. U.S. crude futures added 1.17 percent to $ 49.19. Overnight, oil prices jumped after data from the American Petroleum Institute showed U.S. crude inventories fell 5.1 million barrels last week, beating expectations from analysts, according to Reuters. " With equities, commodities and the dollar all moving higher, the Asian session is set for a strong open," said Angus Nicholson, a market analyst at spreadbetter IG. Huat arh~~   |
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WanSiTong
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25-May-2016 07:59
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Dow closes up triple digits Toll Brothers posts best day since 2013 U.S. stocks posted their best day since March with gains of more than 1 percent on Tuesday, following encouraging reports on the housing market and sharp gains in European stocks. " Certainly we followed Europe on the weaker euro even though a strong dollar' s not really good for US stocks, and obviously the new home sales (helped)," said Peter Boockvar, chief market analyst at The Lindsey Group. He said much of the gains were " noise" and noted the S & P has recently held in a range between 2,040 and 2,100. New home sales for April jumped 16.6 percent to a seasonally adjusted annual rate of 619,000 units, topping expectations and the highest level since January 2008. The SPDR S & P Homebuilders ETF (XHB) closed 3 percent higher for its best day since September. " You' ve got to see some pockets of growth if the Fed is going to raise rates and you' ve got the new home sales and the derivatives of home sales," said Quincy Krosby, market strategist at Prudential Financial. Other economic news was disappointing. The Richmond Fed manufacturing index for May showed minus 1, down from a positive read of 14 in April. The index for shipments fell to minus 8 in May, while new orders fell to 0 from 18 in April. &lsaquo
The Dow Jones industrial average and S & P 500 posted their best day since March 11. Tech jumped 2 percent and financials and health care rose about 1.5 percent each to lead all S & P sectors higher. " The market is somewhat being driven by momentum as we get closer to the upper end of the trading range here," said Peter Cardillo, chief market economist at First Standard Financial. The major European indexes closed more than 2 percent higher, with the German DAX posting its best day in five weeks. The Euro STOXX Banks Index rose nearly 3.5 percent for its best day since April 13. Katie Stockton, chief technical strategist at BTIG, attributed the gains in S & P futures to an oversold bounce in European markets. " We think U.S. equities will have an upward bias this week, supported by short-term positive divergences, but we expect resistance at the April highs to remain largely intact," she said in a morning note. Ahead of weekly inventory data due late Tuesday and Wednesday morning, U.S. crude oil futures settled up 54 cents at $ 48.62 a barrel, its highest since October. Brent ended half a percent higher at $ 48.61 a barrel, marking the first settle below WTI since January. Read more....   |
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risktaker
Supreme |
25-May-2016 06:27
Yells: "Posts are opinions. Do not take it as investment advise " |
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Long index and use ur profit to wack USD.... USD gonna be biggest win in the history of mankind | |||||||||||||||||||||||||||||||||||||||||||||||||
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risktaker
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25-May-2016 06:17
Yells: "Posts are opinions. Do not take it as investment advise " |
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The time for dow to climb to 18k is this week...janet yellen may have out some dovish speech on friday.. | |||||||||||||||||||||||||||||||||||||||||||||||||
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Isolator
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24-May-2016 22:56
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Those long oil... Enjoying... | |||||||||||||||||||||||||||||||||||||||||||||||||
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