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STI to cross 3000 boosted by long-term investors
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WanSiTong
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03-Dec-2015 10:08
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Singapore' s STI Falls Traders, SembCorp Lead Declines 3 December 2015 9:40 The FTSE Straits Times Index fell 0.7% to 2863.33 shortly after the open, following a negative lead from the US SembCorp companies continue to lead declines, along with Noble Group (N21.SG), which fell 3.5%. SembCorp Marine (S51.SG) lost 2.8% and SembCorp Industries (U96.SG) fell 2.2%, a day after the former announced a profit warning. In a new announcement the offshore-marine division said it has entered into a " standstill" agreement with a customer, meaning that the customer will seek an alternative buyer for a rig supplied by a SembCorp subsidiary or enter into a joint ownership structure. In other news, Ascendas Hospitality Trust (Q1P.SG) requested a trading halt pending an announcement. |
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HazardKoh
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03-Dec-2015 09:51
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She only creating more uncertainities for the market with her statement. If she had just said 100% going to hike, may be better for market becos uncertainty removed.
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Octavia
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03-Dec-2015 09:50
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Yellen: Data could still sway December rate decisionhttp://www.cnbc.com/2015/12/02/yellen-economy-has-come-a-long-way-data-could-still-sway-fed-dec-decision.html |
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WanSiTong
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03-Dec-2015 09:15
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Stocks To Watch SembMarine, iFAST, KS Energy, CEFC Intl, GCCP Resources, Mirach December 3, 2015: 8:49 AM Here are some stocks and factors to watch this Thursday morning. Singapore' s purchasing managers' index contracted for the fifth consecutive month in November, weighed down by lacklustre global demand. The PMI posted a reading of 49.2 last month as new domestic and export orders extended their decline. While this was slightly higher than October' s 48.9, it was still below the key 50 mark, suggesting contraction. Sembcorp Marine (Valuation: 1.80, Fundamental: 1.10) says a standstill agreement has been reached between North Atlantic Drilling and subsidiary Jurong Shipyard for the delivery of the sixth generation harsh environment semi-submersible drilling rig, the West Rigel, until June 2016. During the standstill, SembMarine says North Atlantic will continue to market the drilling rig for a contract while Jurong Shipyard find a buyer for the rig. SembMarine closed at $ 1.97 on Wednesday. iFAST Corp (Valuation: N / A, Fundamental: N / A) has received regulatory approval to buy Hongkong stockbroking firm Winfield Securities for about HK $ 14.7 million ($ 2.67 million) The purchase price will be financed using iFAST' s initial public offering proceeds iFAST.. shares closed at $ 1.415 on Wednesday. KS Energy (Valuation: 0.90, Fundamental: 0.20) says its indirect subsidiary, Atlantic Onshore Services BV, has clinched a contract for the KS Discoverer 3 land drilling rig worth an estimated US $ 4.1 million ($ 5.8 million) The work in Pakistan is expected. to begin in January next year, says the drilling and rig services provider. Shares of KS Energy ended flat at 26 cents. CEFC International (SGX (Valuation: 2.10, Fundamental: 2.30) " > Valuation: 0.80, Fundamental: 2.80) says the unusual trade volume it experienced yesterday may be explained by several previous announcements made to the Singapore Exchange (SGX) These announcements refer. to the petrochemical products trader' s 3Q results, corporate presentation materials and a further clarification in response to a previous SGX query. Shares of CEFC International ended higher at 38 cents. Limestone miner GCCP Resources (Valuation: N / A, Fundamental: N / A) says vendor Ujiteknik Geoenviro has dropped a RM321,368 ($ 107,025) lawsuit against subsidiary Gridland, and that there will be no further legal proceedings on that dispute Gridland has. also withdrawn its counterclaim for RM163 million related to the same dispute. GCCP ended at 14.5 cents. Mirach Energy says the company will be put on the Watch-List of the Singapore Exchange from Thursday. The company says it will " endeavour to meet the requirements of Listing Rule 1314 as soon a possible to exit from the watch-list, via improved operations , albeit a weaker Minerals, Oil and Gas industry climate as a whole " . Mirach Energy last traded at 25 cents. Markets US stocks slipped as crude plunged past US $ 40 a barrel, sparking a slide in energy producers and Federal Reserve Chair Janet Yellen signaled increasing confidence in the economy two weeks before central bank officials meet to review policy. The Dow fell 0.9% to 17,729.65, the Nasdaq fell 0.64% to 5,123.22 while the S & P 500 Index fell 1.1% to 2,079.51. Earlier, The Straits Times Index ended the day 0.47% higher at 2,883.64. Gainers outnumbered decliners 204 to 180. A total of 945.3 million shares worth about $ 1.06 billion changed hands. |
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WanSiTong
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02-Dec-2015 17:23
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Global Stocks Little Changed Ahead of ECB Meeting, US Jobs Report 2 December 2015 17:10 Global stocks were little changed Wednesday as investors paused ahead of a crucial European Central Bank policy meeting Thursday and the US jobs report later in the week. The Stoxx Europe 600 was up 0.3% in early trade. Asian bourses were mixed after a strong finish on Wall Street on Tuesday, where health-care stocks led gains. European stocks have rallied in the last several weeks on hopes the ECB will bolster its vast stimulus program, and are up nearly 11% since the start of October. Global equities have been buoyed by easy-money policies from central banks over the past several years . ECB President Mario Draghi has built up investor expectations by saying the bank is prepared to act to combat ultra low inflation if it deems necessary. Market participants have said they think an extension of the ECB' s program of quantitative easing, or QE, along with another interest rate cut, is all but inevitable at Thursday' s meeting. " It seems Mr. Draghi is a prisoner of what he pre-announced," said Tristan Abet, investment strategist at Louis Capital Markets. As well as further easing measures, analysts at Bank of Tokyo-Mitsubishi UFJ wrote in a note that they also " expect forceful rhetoric from President Draghi to drive home the message that the ECB can act aggressively again if required." In Asia, Japan' s Nikkei Stock Average was down 0.4%. The S & P / ASX 200 was down 0.2%, despite data showing strong economic expansion in Australia, as iron-ore hit a new decade-low. The Shanghai Composite Index gained 2.3%, reversing earlier losses. Currencies were little changed ahead of key economic data due later in the week. The euro was down 0.1% against the dollar at $ 1.0623, while the dollar was up 0.2% against the yen at Yen123.0980. In commodities, Brent crude oil was down 0.4% at $ 44.26 a barrel as investors looked ahead to US stockpile data later in the day and Friday' s meeting of the Organization of the Petroleum Exporting Countries. Gold was up 0.4% at $ 1,067.40 a troy ounce. Later Wednesday, investors will eye eurozone consumer price data. In the US, private payrolls and productivity cost data will be watched, as well as a speech by Federal Reserve Chairwoman Janet Yellen as investors look for clues on whether the Fed will raise interest rates at its meeting this month. " It will be interesting to see if Yellen addresses the ECB' s decision tomorrow, whether it will influence the Fed' s decision-making and just how important Friday' s labor market data really is," said Craig Erlam, market analyst at Oanda. |
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WanSiTong
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02-Dec-2015 16:37
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Asian Indexes
 European Indexes
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WanSiTong
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02-Dec-2015 13:36
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Noon Market STI adds 0.74% to 2,891.60 at midday December 2, 2015: 12:15 PM Singapore equities nudged up at noon on Wednesday, amid mixed trading in other Asian markets as investors pondered over the US Federal Reserve' s interest-rate outlook after a surprise contraction in US manufacturing. Institute for Supply Management (ISM) data showed US manufacturing came in at 48.6 for November, missing the median estimate of 50.5 in a Bloomberg poll. The reading, which is below 50, indicated contraction. The Nikkei 225 and KOSPI Indices both dipped around 0.3%, while the Hang Seng Index rose around 0.3%. Meanwhile, the Shanghai Composite Index added about 0.4%, while the Shenzhen Composite Index slipped around 1.7%. By 12.08pm, the Straits Times Index rose 0.74% to 2,891.60. Market breadth was positive. Excluding warrants, gainers outnumber decliners 187 to 121. The STI traded between 2,884.79 and 2,900.04, after opening 0.55% higher at 2,885.98. A total of 432.1 million shares worth $ 424.7 million changed hands, giving an average price of about 98 cents per share for the entire market. Alliance Mineral Assets (Valuation: N / A, Fundamental: N / A), Loyz Energy (Valuation: 0.90, Fundamental: 0.20), Memstar Technology (Valuation: N / A, Fundamental: N / A), AusGroup (Valuation: 1.10 , Fundamental: 0.55), and Global Logistic Properties (Valuation: 2.00, Fundamental: 1.90) were among the most actively traded counters. Among STI components, Jardine Cycle & Carriage (Valuation: 1.80, Fundamental: 1.50) climbed 3.4% to $ 33.29, while CapitaLand (Valuation: 2.60, Fundamental: 1.00) rose 2.6% to $ 3.20 Meanwhile, Sembcorp Marine (Valuation:. 1.80, Fundamental : 1.10) plunged 5.3% to $ 1.95, while Sembcorp Industries (Valuation: 2.40, Fundamental: 1.10) slipped 3.7% to $ 3.13. Alliance Mineral Assets leapt 7.8% to 13.8 cents. The mineral resource company on Friday announced that it has signed its first individual contract to supply tantalite concentrate under the terms of the distribution agreement signed with Mitsubishi Corporation RtM Japan. Memstar Technology traded flat at 1.2 cents after a trading suspension was lifted. The membrane manufacturer on Tuesday said that it has entered into a fourth supplemental agreement in relation to the proposed acquisition of Longmen Group. Sembcorp Marine plunged 5.3% to $ 1.95, after the rig-builder announced that it is expected to record a net loss for 4Q2015 and a significant decline in net profit for FY2015 ending Dec. Separately, its unit PPL Shipyard has on Tuesday served a termination notice on Marco Polo Drilling for a rig-building contract. Sunvic Chemical Holdings (Valuation: 0.90, Fundamental: 0.35). Fell 2.9% to 19.9 cents SGX on Monday reprimanded the company for breaches of listing rules relating to RMB1.6 billion ($ 353 million) of interested person transactions (IPTs) over the past three financial years. Companies that went ex-dividend on Wednesday include Khong Guan Flour Milling (Valuation: 1.40, Fundamental: 1.20) and Tee International (Valuation: 1.40, Fundamental: 0.90). |
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WanSiTong
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02-Dec-2015 08:28
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Stocks To Watch Frasers Centrepoint, SembMarine, EMS Energy, Technics O & G, Asian Micro, Intraco December 2, 2015: 7:57 AM Here are some stocks to watch this Wednesday morning. Frasers Property Australia, a division of Frasers Centrepoint Limited (Valuation: N / A, Fundamental: N / A), says it closed A $ 229 million ($ 236 million) worth of sales at the launch of DUO, its residential development in Sydney Frasers. Centrepoint Limited closed 1.8% higher at $ 1.69. Sembcorp Marine (Valuation: 1.80, Fundamental: 1.10). Expects to post a net loss in 4Q15 ending Dec and a significant drop in earnings The rig builder cite a challenging operating environment and customers deferring or seeking to defer their rig orders due to the slowdown . SembMarine reported earnings of $ 174 million for the 4Q14 ended December. SembMarine shares closed flat at $ 2.06 on Tuesday. Sembcorp Marine last closed at $ 2.06 on Tuesday. EMS Energy (Valuation: N / A, Fundamental: N / A) said its 20% -owned associated company Oilfield Services and Supplies (OSS) has begun the pre-admission process for a planned initial public offering on the Catalist board of the Singapore Exchange. OSS is an oil and gas contractor that specialises in downhole drilling products and precision machining and drilling services. EMS shares closed at 35 cents on Tuesday. Technics Oil & Gas (Valuation: 0.00, Fundamental: 1.50) has posted three straight years of pre-tax losses before exceptionals, triggering one of two conditions for potential delisting However, Technics' market capitalisation on Tuesday was $ 152.1 million, above the $ 40. million 120-day average threshold that would activate the second condition. If both conditions are met, Technics could be placed on the watch-list. Companies that remain on the watch-list for two years will be delisted. Technics Oil & Gas last closed at 66.5 cents. AM NGV (S), a wholly-owned subsidiary of Asian Micro Holdings (Valuation: 0.00, Fundamental: 2.50), says Rolls-Royce Singapore has renewed its contract with the company to supply and transport compressed natural gas (CNG) and maintenance of the latter' s CNG yard. The contract has been extended for an additional 15 months starting Jan 1, 2016, following the current five-year contract that will end on Dec 31, 2015. The contract extension is worth an estimated $ 3 million, excluding the option period. Shares of Asian Micro last traded at 1.1 cents. An arbitration tribunal has awarded Intraco (Valuation: 1.50, Fundamental: 1.35). A final award of $ 3.2 million in interest in the trading company' s dispute with privately held Timor Global over a 2007 joint venture agreement Intraco had already been awarded a sum of $ 6.6 million in March out of its total claim of $ 9.8 million against Timor Global, but that was before interests and costs. Intraco closed at 34.5 cents. Markets US stocks rallied on Tuesday to begin what has historically been the strongest month of the year for global equities as investors await December monetary policy decisions. The S & P 500 added 1.1% to 2,102.63 at 4 pm in New York, and closed at its highest level since Nov. 3. The Dow Jones Industrial Average climbed 168.43 points, or 1%, to 17,888.35. The Nasdaq Composite Index gained 0.9%. Earlier, the Straits Times Index ended the day 0.50% higher at 2,870.26. Gainers outnumbered decliners 219 to 150. A total of 994 million shares worth about $ 1.02 billion changed hands. |
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WanSiTong
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02-Dec-2015 07:16
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Wall St. stocks rise while bond yields fall with dollar US stocks closed higher on Tuesday despite mixed US economic data as treasury yields and the dollar declined while oil prices were choppy ahead of an OPEC meeting later this week. The euro bounced back from a multi-month low against the US dollar on strong European data and as investors pared bets that the European Central Bank will soon ease policy further. After falling 0.5 percent on Monday, the S & P 500 benchmark index of stocks closed at its highest since early November as investors gained confidence on the first day of the month. The US manufacturing sector contracted last month to its weakest level since June 2009, while construction spending rose in October to the highest level since December 2007. " Look at the manufacturing numbers. That was clearly a disappointment, yet the market ploughed right through. We' ve got a market that seems to have found a path of least resistance to the upside," said Art Hogan, chief market strategist at Wunderlich Securities in New York. While the data boosted US Treasury debt prices, it pushed benchmark yields toward one-month lows, helping to make stocks " compelling," Hogan said. He also noted that positive online results boosted investor holiday shopping season expectations. The Dow Jones industrial average .DJI rose 168.43 points, or 0.95 percent, to 17,888.35, the S & P 500 .SPX gained 22.22 points, or 1.07 percent, to 2,102.63 and the Nasdaq Composite .IXIC added 47.64 points, or 0.93 percent, to 5,156.31. Investors were focused on Friday' s November jobs report, which is expected to influence timing for the first US interest rate hike since 2006. Most analysts expect an increase after the Federal Reserve' s Dec. 15-16 meeting. The dollar fell after the US manufacturing data and upbeat European economic data knocked the greenback from 8-1 / 2-month highs against a basket of major currencies. The euro was last up 0.6 percent at $ 1.0624 while the dollar index .DXY, which measures the greenback against six major peers, was 0.34 percent lower at 99.837. The euro' s rise stemmed from strong European data and doubts whether the ECB would add to its economic stimulus at a meeting on Thursday. The single currency has fallen about 8 percent against the dollar EUR = since mid-October. Benchmark Brent crude oil fell on bets OPEC will not cut output to stem a supply glut when the world' s biggest oil producers meet later this week, but US crude steadied. Brent LCOc1 settled down 17 cents or 0.38 percent at $ 44.44 a barrel. After falling earlier in the day, WTI crude futures CLc1 settled up 0.5 percent at $ 41.85 a barrel. US benchmark 10-year Treasury notes US10YT = RR were last up 19/32 to in price yield 2.150 percent, down sharply from a yield of 2.218 percent late Monday. The 10-year yield hit a near one-month low of 2.145 percent in the wake of the US manufacturing data. The FTSEurofirst 300 .FTEU3 finished off 0.4 percent, but Wall Street' s advance and a near 2 percent gain in Hong Kong' s Hang Seng index .HSI pushed MSCI' s measure of stocks in major markets .MIWD00000PUS up 0.97 percent. Spot gold XAU =, down for the past six weeks, was up about 0.4 percent at $ 1,068.66 an ounce as the dollar weakened. |
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gsasgx
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01-Dec-2015 17:20
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our STI is like our weather these days... bright and sunny in the mornings, dark skies and heavy down pours in the afternoon... sian... |
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WanSiTong
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01-Dec-2015 17:16
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4 big financial events to watch in December Investors: get ready for a huge month. December is chock full with big financial news that is bound to move the markets. They range from momentous rate decisions at the US Federal Reserve and the European Central Bank to an OPEC meeting fraught with disgruntled members. Here are four of December' s big market-moving events that investors should know about. 1. More ' easy money' and another rate cut in Europe? The European Central Bank' s leadership meets December 3 and many expect it will take action of some kind to boost the region' s economy. The ECB began its stimulus program in March, buying bonds at a monthly rate of 60 billion euros, and it could increase that pace . The ECB could also cut its interest rate, which is already in negative territory. When rates are negative, banks essentially pay borrowers to take out money, instead of borrowers paying the bank. Low interest rates are meant to make it easy for businesses to borrow and spend. That spending could create jobs and boost economic growth. The ECB' s economy - made up of 19 countries -. Only grew 0.4% in the third quarter Unless the economy improves, experts expect the value of the euro to fall even further against the dollar. The euro and dollar could be at parity in 2016. 2. Big jobs report Friday The world' s biggest economy gets its latest health check up on Friday, December 4, when the monthly US jobs report is released. It follows a particularly strong October jobs report when not only were there a lot of new jobs created, but wage growth had finally picked up. The November report can confirm whether employers are really hiring in great numbers, or if October' s wage growth was a fluke . The unemployment rate fell to 5% in October, and it could go below that mark for the first time since 2008 on Friday. An improving job market should translate into more Americans spending, which would boost the US economy in 2016. 3. The Fed could finally raise rates The jobs report Friday has an extra special meaning this time: it' s the last economic data hurdle for the Fed before its two-day meeting December 15-16 Barring a terrible jobs report, the Fed appears ready to raise its key interest rate for the. first time in nearly a decade. No one expects the first rate hike to be big. However, everyone expects it to be the first of several over the next year or so. The Fed has said they plan to raise rates at a slow pace. Rates have been near zero since 2008 . It would also signal the divergence between the Fed and the ECB, which is cutting rates. That divide will likely cause the dollar to rally more into 2016. 4. A divided OPEC meets. Will it cut production? It' s a tense time for OPEC, the oil cartel led by Saudi Arabia They meet towards the end of this week to determine whether to cut production as oil prices -. The main engine for these countries' economies - are at less than half of what they were at last year. Saudi Arabia, the kingpin of OPEC, wants to maintain its oil production levels. But smaller OPEC countries, like Venezuela and Algeria, want to cut production in an effort to boost oil prices, and they' re all but begging Saudi Arabia to change course . OPEC meets December 4 in Vienna, Austria. Few expect Saudi Arabia to lower oil production, but tensions amid members could rise even further, threatening OPEC' s unity. |
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WanSiTong
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01-Dec-2015 16:58
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Global Stocks a Tad Higher on Expected ECB Stimulus 1 December 2015 16:53 Global stocks rose Tuesday as investors expect more stimulus from the European Central Bank later in the week. The Stoxx Europe 600 was up 0.3% in early trade. For November, the pan-European index gained 2.7% as investors bet the ECB would further loosen monetary policy at its meeting on Dec. 3. " ECB action on Thursday is probably the world' s worst kept secret," said Neil Williams, group chief economist at Hermes Investment Management, pointing to a possible expansion of the bank' s bond-buying program and noting that further cuts to the already negative deposit rate look " inevitable" . Shares also saw a boost from downbeat Chinese manufacturing data, which raised concerns about the strength of the Chinese economy while lifting hopes for easier monetary policy. The Shanghai Composite Index was up 0.3%. Japan' s Nikkei Stock Average gained 1.3% to close above the 20,000 mark for the first time since August. Hong Kong' s Hang Seng Index gained 1.8%, while Australia' s S & P / ASX 200 gained 1.9% after its c entral bank kept rates on hold. US stocks fell on Monday as retail shares lost ground, leaving major indexes little changed for November. For the month, the Dow Jones Industrial Average rose 0.3%, while the S & P 500 gained just 0.05%. The Nasdaq rose 1.1%, buoyed by gains in the technology sector. In currencies, the euro was up 0.2% against the dollar at $ 1.0587 while the dollar was down 0.3% against the yen at Yen122.9760. The onshore Chinese yuan was mostly steady after the International Monetary Fund gave the yuan reserve-currency status on Monday. In commodities, Brent crude was up 0.8% at $ 44.97 a barrel. Gold gained 0.6% at $ 1,071. Gains in European shares were led by the banking sector after The Bank of England said it would ease pressure on UK banks to hold more capital. Shares of Lloyds Banking Group PLC were up 2.6%, shares of Standard Chartered PLC were up 2.3%, and shares of Royal Bank of Scotland Group PLC gained 2.2%. Looking ahead Tuesday, manufacturing data continues to pour in with releases due from the US, UK, and eurozone. While the ECB is expected to further ease policy this week, the US Federal Reserve is widely expected to raise interest rates for the first time in nearly a decade. " The fact they' ll be taking different routes - the ECB loosening, the Fed tightening - is a given what markets need now is guidance on how fast they' ll be traveling and how far they' ll end up going," Mr. Williams said. Further clarity on that may come from Fed Chairwoman Janet Yellen, who is slated to speak on Wednesday and Thursday, and the blockbuster US jobs report on Friday. |
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i_love_girls
Veteran |
01-Dec-2015 16:53
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LET' S BANKRUPT RISKTAKER WHO IS THE IRRITATING SHORTSELLER |
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risktaker
Supreme |
01-Dec-2015 16:46
Yells: "Posts are opinions. Do not take it as investment advise " |
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Shorted US futures... huat ah.. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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WanSiTong
Supreme |
01-Dec-2015 16:41
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Asian Indexes
European Indexes
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WanSiTong
Supreme |
01-Dec-2015 13:43
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Noon Market STI up 0.77% to 2,878.07 at midday December 1, 2015: 12:24 PM Singapore stocks inched up at noon on Tuesday, in line with an Asia-wide rebound following losses on Friday and Monday. However, mainland Chinese markets declined after its manufacturing purchasing managers' index fell to 49.6 in November, trailing the median estimate of 49.8 in a Bloomberg poll. The Nikkei 225 added around 0.9%, while the KOSPI and Hang Seng Indices rose around 1.7%. Meanwhile, the Shanghai and Shenzhen Composite Indices slipped about 0.4%. By 12.07pm, the Straits Times Index rose 0.77% to 2,878.07. Market breadth was positive. Excluding warrants, gainers outnumber decliners 178 to 114. The Straits Times Index (STI) traded between 2,858.10 and 2,878.56, after opening 0.24% lower at 2,862.79. A total of 482.1 million shares worth $ 520.1 million changed hands. Noble Group (Valuation: 1.20, Fundamental: 0.35), The Stratech Group (Valuation: 0.00, Fundamental: 0.80), QT Vascular (Valuation: N / A, Fundamental: N / A), Neptune Orient Lines (Valuation: 0.90, Fundamental : 0.75), and Ezra Holdings (Valuation: 1.50, Fundamental: 0.45) were among the most actively traded counters. Among STI components, Global Logistic Properties (Valuation: 2.00, Fundamental: 1.90) climbed 3.1% to $ 2.03, while Noble Group rose 2.4% to 43.5 cents Meanwhile, Golden-Agri Resources. (Valuation: 1.40, Fundamental: 0.55) shed 1.4% to 35.5 cents, while SATS dipped 0.3% to $ 3.94. Midas Holdings (Valuation: 2.00, Fundamental: 0.45) slipped 1.6% to 30 cents after it entered into an agreement to purchase Hong Kong-based Huicheng Capital for $ 264 million Huicheng Capital owns Dalian Huicheng, a company based in Dalian, China, which. specialises in aluminium products. Sunvic Chemical Holdings (Valuation: 0.90, Fundamental: 0.35) plunged 6.8% to 20.5 cents after SGX rapped the company for breaches of listing rules relating to RMB1.6 billion ($ 353 million) of interested person transactions (IPTs) over the past three financial years. Companies that went ex-dividend on Tuesday include Hafary Holdings (Valuation: 1.50, Fundamental: 0.75), Transit-Mixed Concrete (Valuation: 2.40, Fundamental: 2.30), and TTJ Holdings (Valuation: 1.80, Fundamental: 3.00). |
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WanSiTong
Supreme |
01-Dec-2015 11:44
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Singapore' s STI Trades Higher Noble Extends Gains 1 December 2015 11:12 Singapore' s FTSE Straits Times Index is 0.6% higher at 2874.39 late Tuesday morning, in line with an Asia-wide rebound following losses on Friday and Monday. Noble Group (N21.SG) extends gains, up another 2.4% to a two-week high, while China-linked companies that had suffered most after volatility in Chinese markets are also among the strongest performers. CapitaLand (C31.SG) and Global Logistic Properties (MC0.SG), for example, are up 2.7% and 2%, respectively. Golden Agri-Resources (E5H.SG) leads large-cap decliners, down 1.4%. Ho Bee Land (H13.SG) rises 1.5% after announcing a property acquisition in London, while Midas Holdings (5EN.SG) falls 1.6% on resumption of trading after announcing the acquisition of another company. |
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WanSiTong
Supreme |
01-Dec-2015 09:36
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Asian Shares Rise After IMF' s Yuan Inclusion, Ahead of Factory Gauges 1 December 2015 9:28 Shares in Asia rose Tuesday after the, and before the release of regional manufacturing gauges. Japan' s Nikkei Stock Average rose 1%, Australia' s S & P / ASX 200 rose 1.7% and South Korea' s Kospi gained 0.9%. The IMF' s decision Monday marks a milestone in China' s ascendancy as a global economic power, by giving the yuan reserve currency status alongside the dollar, euro, pound and yen. The move, which for Beijing is a matter of prestige, could also help accelerate a mild pickup in international demand for the currency when it becomes effective late next year. Despite the newly conferred status, the " decision does not imply immediate strengthening of the [yuan] exchange rate," said a report by ANZ Research. The onshore Chinese yuan closed at 6.3981 to one US dollar Monday afternoon in Asia, ahead of the IMF' s decision. It touched 6.3988 intraday, its weakest level against the dollar since Aug. 27. Traders say the central bank bought up the offshore yuan through a Chinese bank on Monday to narrow the gap between the currency and its onshore counterpart. The offshore Chinese yuan was last at 6.4318 against the US dollar, 0.1% weaker than late Monday in Asia. Overnight in Asia, the offshore yuan traded as strong as 6.4146 against the US dollar after the IMF' s announcement. Later Tuesday, China is due to release its latest official reading on factory activity for the month of November. A flurry of private readings will also provide the latest reading on the region' s manufacturing activity. The country' s for the third consecutive month in October from a month earlier. While economists say activity has stabilized, the sector is still plagued by overcapacity, falling prices and weak demand, denting hopes that factories will lead the world' s second-largest economy to a fourth -quarter turnaround. Declines in retail shares after the Black Friday holiday shopping weekend pressured. Early signs of spending showed brick-and-mortar stores faced difficulties. In Australia, the banking sector led the benchmark higher and materials stocks made more moderate gains, though iron ore tumbled to a fresh near-decade low. Spot iron ore fell 1.6% on Monday to $ 42.80 a ton, according to The Steel Index. The Reserve Bank of Australia is not expected to move rates at its meeting Tuesday, although Michael McCarthy, chief market strategist at CMC Markets, said a shift in the bank' s language toward easing would likely support shares and push the Australian dollar weaker. The local dollar was last up 0.1% at $ 0.7235. Brent crude oil, the global benchmark, fell 0.3% to $ 44.50 a barrel. US oil prices fell 0.1% on Monday after government data showed US production is falling more slowly than expected. Gold prices were down 0.1% at $ 1,064 a troy ounce. |
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RoundRound
Elite |
01-Dec-2015 08:42
Yells: "Tikam Tikam can also" |
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Today should expect our battered STi to gain a bit of its loss ground..... 20 to 30 points gain attainable.
With most early markets this morning like Australia, NZ, Seoul indices and Japan's Nikkei gaining respectable ground and U.S Dow Jones future in the green |
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RoundRound
Elite |
01-Dec-2015 08:33
Yells: "Tikam Tikam can also" |
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Bloomberg:
http://www.bloomberg.com/news/articles/2015-11-30/asian-stocks-look-to-gain-ahead-of-factory-data-aussie-stronger Australian Stocks Rally With S&P 500 Futures Before Factory Data Asian stocks looked set to recover from Monday?s selloff, as Australian shares rose with Japanese and U.S. index futures ahead of a swathe of global manufacturing data. Indian rupee forwards advanced before an interest-rate review. Factory gauges from China to Vietnam and Japan due Tuesday will help investors get a handle on the global economy ahead of key central bank decisions out of Europe and the U.S. this month. The prospect of a divergence in monetary policy before the end of 2015 weighed on global stocks in November, while bolstering the greenback. Both Australia and India are expected to keep key rates on hold Tuesday after cutting them early in the year. The yuan held gains after the IMF said it will be classed as a reserve currency. |
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