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Singapore REITs
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WanSiTong
Supreme |
26-Nov-2016 08:23
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Stocks post 3-week win streak as major indexes post record highs U.S. equities closed higher on Friday, posting weekly gains, as investors kept an eye on retailers during Black Friday as a post-election rally moved forward. " I think this more of a follow-through" from the bullish sentiment in the market after the election, " said David Schiegoleit, managing director of investments at US Bank Private Client Reserve." The rally might be getting a bit long, but the Market will be looking for policy direction " from the government in the near term. " The Trump honeymoon continues. The focus now shifts to Black Friday and holiday sales," said Peter Cardillo, chief market economist at First Standard Financial. However, he said " whatever happens today will be on light volume" because several investors and traders were Out celebrating the Thanksgiving holiday in the US The major U.S. stocks indexes have been on a tear lately, ripping to new record highs on optimism that President-elect Donald Trump' s proposed policies would stimulate economic growth. " From a technical perspective, it like like we' re going higher, ... but we' re bound to hit a road block," said First Standard' s Cardillo, who noted that, while the market has priced in a December Federal Reserve rate Hike, it may not have priced in more aggressive tightening by the central bank. According to the CME Group' s FedWatch tool, market expectations for a rate hike next month are more than 90 percent. On the data front, U.S. Commerce deficit total $ 62 billion in October. The November read on the IHS Markit non-manufacturing index came at 54.7, marginally lower than the October read of 54.8. " Service sector activity was supported by the fastest rise in incoming new orders for 12 months, alongside greater efforts to reduce work-in-hand. The fall in backlogs of work was the first since June, and partly reflected a sustained upturn in staff hiring , " IHS Markit said. In oil markets, US crude futures for January delivery fell 3.1 percent to $ 46.48 per barrel as uncertainty about whether OPEC can agree on a production cut weighed on prices. Overseas, European equities traded slightly higher, with the Stoxx Europe 600 index rising 0.18 percent. In Asia, stocks closed mostly higher, with the Nikkei 225 gaining 0.26 percent and the Shanghai composite advancing 0.62 percent. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded lower, near 12.3. Gold futures for December delivery fell $ 10.90 to $ 1,178.40 per ounce. Read more ... |
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WanSiTong
Supreme |
25-Nov-2016 17:39
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European markets mixed Wall Street reopens U.S. stock index futures pointed to a higher open on Friday morning as traders eyed a few pieces of data amid what is likely to be subdued trading due to the Thanksgiving holiday. On the data front, U.S. international trade in goods and the advance inventories report are both due at 8:30 a.m. ET. NYSE markets are set to close early Friday - the day after Thanksgiving - at 1:00 p.m. ET. In Europe, the pan-European Stoxx-600 index was around 0.27 percent lower on Friday morning. Banks' shares were leading the losses, dropping more than 0.3 percent in early trading. Italian banks were once again the worst performers on referendum jitters, falling more than 1 percent. Goldman Sachs has re-rated the U.K. banking sector. It increased its price targets on RBS, Virgin Money, Barclays and Lloyds Banking Group. The European Central Bank has said that the banking system in the euro area is pulling apart, which increases risks. In Asia, the Shanghai Composite in China closed 0.61 percent higher while the Nikkei in Japan closed 0.26 percent higher. European Indexes
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WanSiTong
Supreme |
25-Nov-2016 17:27
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Straits Times Index
2,859.33 0.55% +15.61 ▲
Singapore shares finish higher for the week as Trump-inspired " risk on" is still in force THE " risk-on" rally in equities inspired by Donald Trump' s win in the Nov 8 US presidential election continued into its second week, helped along by firmer oil prices and expectations of a stronger US economy under Mr Trump. The Straits Times Index over the five days gained 21 points or 0.7 per cent at 2,859.33, of which 15.61 came on Friday, largely courtesy of rises in Singtel, DBS and OCBC. |
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Siwomp
Supreme |
25-Nov-2016 14:30
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Important Dates 1) 4th Dec, Italy goes to the ballet 2) 13 to 14 Dec, FED Meeting |
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WanSiTong
Supreme |
25-Nov-2016 14:19
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Singapore most vulnerable to Trump' s protectionist stance Trump' s withdrawal from TPP could hit FDI and jobs market. Singapore may well be the most affected in Southeast Asia by any protectionist trade policy of the incoming US administration, BMI Research says, citing the city-state' s reliance on international trade and close ties with the US " Donald Trump' s presidency will affect South East Asian states To varying degrees, with Singapore and Vietnam amongst the most vulnerable to a more protectionist US trade policy and self-interested foreign policy, " the Fitch Ratings group firm says. " Trump' s tougher trade policy towards China also poses major risks for South East Asia, as Washington' s more protectionist stance could undermine intra-regional trade." The comment come as Trump has said that he will withdraw from the Trans-Pacific Partnership Agreement on his very first day in office. Singapore has been one of the leading proponents of the free-trade pact. Also, any trade curb on China will impact Singapore as the country is the biggest destination of Singapore exports. " Given that Singapore is a small, open economy with extensive trade and investment links to the US, we believe that Trump' s shift towards a more protectionist stance and change in US foreign policy towards a more unilateral one will be negative for Singapore," it said . According to the research house, Trump' s announcement that the US will withdraw from the Trans-Pacific Partnership (TPP) will likely undermine Singapore' s geopolitical strategy as well as have a negative impact on the trade-driven city-state' s economy Read more ... |
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andysim83
Elite |
25-Nov-2016 10:56
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yalor....invest elsewhere better..when STI drops penny counters mostly drop...haha when STI green...penny not much movement 1....
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WanSiTong
Supreme |
25-Nov-2016 10:51
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The market will also be watching for the release of key Asia data later Friday, including Malaysian consumer prices and Singapore industrial production data, both for October, while Taiwan will release third-quarter final economic output data. |
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xtraderx
Veteran |
25-Nov-2016 10:50
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x 0 Alert Admin |
1.35 to 1.43 in 2 months. +6% doing nothing, just sitting on my US$. 
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WanSiTong
Supreme |
25-Nov-2016 09:14
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x 0 Alert Admin |
Stocks To Watch IPCO, ITE Electric, Annica, Magnus, Innopac, ISR Capital |
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viromics
Senior |
25-Nov-2016 09:11
Yells: "If I am thinking buying, it is an opportunity to sell" |
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x 0 Alert Admin |
During the penny stock crash, I lost about 30K, still holding innopac....no tears as a low income investor. If I could turn the time clock back, I hoped that I had not got into stock market. As an ordinary people living on salary, I think it is safer and better to invest on property, to earn rental as stable secondary income. |
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WanSiTong
Supreme |
25-Nov-2016 08:48
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John Soh, alleged mastermind behind penny stock crash arrested to be charged on Friday.....L i n k Singapore authorities on Thursday morning arrested a number of individuals who were being investigated over the 2013 penny stock crash and raided their homes. Among them was John Soh Chee Wen, who has been described as the alleged " mastermind" of the crash. |
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WanSiTong
Supreme |
24-Nov-2016 17:40
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Straits Times Index 2,843.72 0.14% +4.03 ▲
Singapore shares close broadly weak STI ends in the black thanks to Singtel A LARGE jump in Singtel' s shares helped the Straits Times Index post a 4.03- point rise to 2,843.72 on Thursday in a session where the broad market weakened, recording 179 rises versus 237 falls. Singtel had been weak over the past few sessions so it came as no surprise that it was the index' s biggest positive contributor. Its S $ 0.11 or 3 per cent rise to S $ 3.73 on volume of 58.2 million accounted for 9.3 points. A fall in oil prices overnight brought slight pressure to bear on oil and gas stocks, led by Keppel Corp, Sembcorp Marine, Ezra and Ezion. |
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WanSiTong
Supreme |
24-Nov-2016 17:00
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Hong Kong: Stocks end lower Hong Kong stocks retreated Thursday, with energy firms hit by concerns over the outlook for an agreement between Opec and Russia to cut oil production in order to boost prices. The Hang Seng Index closed down 0.30 per cent, or 68.20 points, at 22,608.49. The benchmark Shanghai Composite Index was flat, edging up 0.60 points to 3,241.74. The Shenzhen Composite Index, which tracks stocks on China' s second exchange, lost 0.38 per cent, or 8.02 points, to 2,121.49. |
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WanSiTong
Supreme |
24-Nov-2016 13:50
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Asia Shares Pressured by Capital Flight Fears Asian markets were broadly lower Thursday, in response to strong economic data out of the U.S. overnight that raise the odds of rate increases, dollar strengthening and more capital flight from Asia. As usual, Japanese stocks benefited from the weaker yen, which boosts the competitiveness of the country' s exporters. A weaker yen continues to be " very favorable" for equities, said Hisao Matsuura, chief strategist at Nomura Japan. He expects Japanese firms to post positive earnings revisions as early as next quarter from exporters such car companies. " How much they recover will Show how much things have improved, " Mr. Matsuura said. Hong Kong stocks slid as continued yuan slippage hurt offshore interest in Chinese companies listed in the city. China' s central bank fixed the yuan 0.26% weaker against the U.S. dollar Thursday. It has guided the currency weaker for most of this month, as the U.S. dollar has experienced a broad-based rally. Singapore stocks were nearly flat after the city-state narrowed its growth forecast for this year. Asian Indexes
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WanSiTong
Supreme |
24-Nov-2016 10:31
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Nikkei advances as yen weakens, but other Asia markets stumble Markets in Asia traded mixed on Thursday, with Japanese shares climbing as the market re-opened after being shut Wednesday for a public holiday. The yen weakened further against the dollar to trade at 112.59, compared with levels near 111.04 in the previous session and at levels below 110 in the previous week. The euro slipped to $ 1.0540, from levels above $ 1.06, while the pound was at $ 1.2430. In the energy market, oil prices finished slightly up as traders reacting to inventory data from the US Energy Information Administration, which showed crude inventories fell 1.3 million barrels in the week to Nov. 18, compared with market expectations for a build of 671,000 barrels, According to Reuters. US crude futures rose 0.4 percent to $ 48.22 on Wednesday, while global benchmark Brent gained 0.3 percent to $ 49.27. Asian Indexes
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WanSiTong
Supreme |
24-Nov-2016 09:03
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x 0
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Stocks To Watch CapitaLand, Manulife US REIT, OCBC, F& N, Acromec, MMP |
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WanSiTong
Supreme |
24-Nov-2016 06:49
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Stocks close mixed, Dow climbs to another record close after US data deluge U.S. stocks closed mixed on Wednesday as investors digested a number of economic data, including minutes from the Federal Reserve' s November meeting. The minutes released on Wednesday back the consensus view on Wall Street that the Fed is poised to raise rates in December. Policymakers left borrowing expense unchanged earlier this month, just days before Republican Donald Trump triumphed in the Nov. 8 presidential contest. " There' s nothing groundbreaking here. This is just reiterating the fact that the minority is pushing for a rate hike," said Lindsey Piegza, chief economist at Stifel Fixed Income. " It really sets us up for a key meeting in just a few weeks. " Voting members of the Fed' s rate-setting committee saw equal risks the economy would overshoot or undershoot their forecasts for continued growth and a tightening labor market. " Almost all of them continued to judge that near-term risks to the economic outlook were balanced, " According to the minutes. According to the CME Group' s FedWatch tool, market expectations for a rate hike next month are more than 95 percent. Peter Cardillo, chief market economist at First Standard financial said a December rate hike has already been priced in by the market, but " what' s not baked in is the that the Fed might bee forced to raise rates faster than expected." The Dow Jones industrial average set a new intraday record in midmorning trade, and rose about 58 points higher, with Caterpillar contributing the most gains, also notching a record close. The S & P 500 closed marginally higher, as industrials led advancers, but still managed to Close at a record high. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded higher, near 12.4. In oil markets, US crude futures for January delivery fell 0.15 percent to settle at $ 47.96 per barrel after the Energy Information Administration reported a drawdown of 1.3 million barrels in crude stockpiles for last week. Gold futures for December delivery fell $ 21.90 to settle at $ 1,189.30 per ounce. Read more.... |
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WanSiTong
Supreme |
23-Nov-2016 17:40
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Straits Times Index 2,839.69 0.62% +17.49 ▲
Singapore shares close 17.5 points higher BUOYED by Wall Street' s second set of record highs overnight, the benchmark Straits Times Index (STI) extended its gains, adding 17.49 points or 0.62 per cent to close at 2,839.69 on Wednesday. Index movers like Singtel and Thai Beverage were among the most active counters, gaining two cents and three cents, respectively, to end at S $ 3.62 and S $ 0.895. |
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WanSiTong
Supreme |
23-Nov-2016 09:07
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x 0
x 0 Alert Admin |
Stocks To Watch SPH, mm2 Asia, SGX, Venture, CEI, Bumitama, First Resources, Golden Agri |
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WanSiTong
Supreme |
23-Nov-2016 06:40
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Dow closes above 19,000 as stocks notch record closing highs telecoms spike 2% U.S. equities closed higher on Tuesday, hitting new all-time highs, as investors digested housing data and kept an eye on President-elect Donald Trump' s policy agenda. " Global equity markets are actively targeting new all-time highs in the SPX," said Katie Stockton, chief technical strategist at BTIG, in a note. " Momentum is proving strong enough to overrule overbought conditions, so we think it is appropriate Be buying breakouts. " Phil Davis, CEO at PSW Investments, said it might be time to fade this rally, however. " It' s like a rocket at the apex of its trajectory. When a rocket launches, it rises up quickly, then it slows down and Back down, but it does hang there for a bit, " he said. " From a time standpoint, this may be just the beginning," said Bruce Bittles, chief investment strategist at Baird. " Do not forget, we spend about three months consolidating before this breakout after the election," " We are in a transition period on a number of fronts. First, we' re moving from an interest-rate driven market into an earnings-driven market," he said. " Also, something most people are missing, is we' re Getting a more business-friendly administration. " The Federal Reserve has indicated many times its want to normalize monetary policy, and it' s all but certain the central bank will take a step in that direction next month. According to the CME Group' s FedWatch tool, market expectations for an interest rate hike in December were More than 90 percent. In economic news, existing home sales rose to their highest annual rate since February 2007. There are no other major data due Tuesday, but Wednesday will see several reports released, as the U.S. will celebrate the Thanksgiving holiday on Thursday. Overseas, European equities traded mostly higher, with the pan-European Stoxx 600 index rising 0.23 percent. In Asia, stocks rose, with the Nikkei 225 closed 0.31 percent higher and the Shanghai composite gained 0.94 percent. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded slightly lower, near 12.4. US crude oil for December delivery fell 0.44 percent to settle at $ 48.03 per barrel. Gold futures for December delivery rose $ 1.40 to settle at $ 1,211.20 per ounce. Read more ... |
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