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In REITS we TRUST
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WanSiTong
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06-Jan-2017 12:00
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Asia Shares Once Again at Mercy of Dollar Moves Japan shares dropped Friday amid yen strengthened as traders awaited U.S. jobs data for clues on Federal Reserve rate actions. Japan' s Nikkei Stock Average declined 0.9% in early trade after a decline in the dollar sent the yen stronger. A strong yen makes Japanese exports expensive. The index was last down 0.4%. The yen has strengthened 0.6% against the dollar since the Tokyo share market closed on Thursday. Nvestors are preferring to err on the side of caution ahead of US non-farm payrolls data, due later in the global trading day. A weaker number could prompt the Fed to pull back on its rate-raise trajectory. The US is expected to add 183,000 jobs in December according to consensus estimates polled by the WSJ. Meanwhile, China guided the yuan 0.9% stronger against the dollar Friday, its biggest increase since 2005, when the central bank surprised markets by removing its dollar peg. The Shanghai Composite was flat but in positive territory as investors bet on large-cap stocks in monopolized industries. This after Beijing urged a reform towards public-private ownership in these sectors to attract capital. Asian Indexes
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WanSiTong
Supreme |
06-Jan-2017 06:11
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Stocks close mostly lower Trump policy uncertainty looms Nasdaq posts record closing high U.S. equities closed mostly lower on Thursday, as uncertainty over some of President-elect Donald Trump' s policies gave investors pause, despite solid economic data. " There is still a lot of uncertainty," said Jeremy Klein, chief market strategist at FBN Securities. " We have not had the inauguration, let alone details about his policies." " Not everyone is sold that this market is a one- Way ramp higher, " Klein said. Adding to investors' worries was a Senate hearing on cybersecurity threats, as US intelligence governments answered questions about their assessment that Russia interfered in the presidential election. " The whole hearing raises questions about whether the entire election was hacked," said Adam Sarhan, CEO At 50 Park Investments. " When you have concerns over a cybersecurity threat, that tends to send money away from risk assets into so-called safe-havens," such as gold, the Japanese yen and bonds. The S & P 500 fell 0.1 percent, with financials falling around 1 percent to lead decliners. The Dow Jones industrial average closed about 40 points lower, with Goldman Sachs contributing the most losses, after falling more than 100 points at session lows. The Nasdaq composite , Rose about 0.2 percent and posted a new all-time closing high. US equities have rallied sharply since the election, with the Dow and S & P rising 8.5 percent and 6 percent, respectively, with investors betting on lower taxes, more fiscal spending and looser regulations in certain sectors. However, " there' s still a lot of uncertainty surrounding That trifecta, " said Shannon Saccocia, head of asset allocation at Boston Private. Investors also digested several pieces of economic data. First, ADP said private employers added 153,000 jobs last month, considerably below thee expected 170,000. Meanwhile, weekly jobless claims came in at 235,000, below a consensus estimate of 260,000. " Bottom line, as stated, job growth continues to slow as is typical in an aged recovery," Peter Boockvar, chief market analyst at The Lindsey Group, said in a note. " While there are still plenty of able bodied workers on the sidelines , For those realistically looking for work, it' s getting tougher and tougher to find the right, qualified (and motivated person). " Other economic data released Thursday includes the December IHS Markit services PMI, which came in at 53.99, below November' s print of 54.6. The ISM nonmanufacturing index, meanwhile, hit 57.2, above a consensus estimate of 56.6. A number above 50 indicates expansion within the Sector, and a number below 50 shows contraction. The December jobs report is set for release Friday at 8:30 am ET, with economists polled by Reuters expecting the US economy to have added 178,000 jobs. Andrew Chamberlain, chief economist at Glassdoor, thinks the US economy added less jobs than the consensus, " When you get this close to full employment, it' s natural to see fewer jobs added" in an economy, he said. Read more... |
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WanSiTong
Supreme |
05-Jan-2017 17:45
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Straits Times Index 2,954.14 1.12% +32.83 ▲
Singapore shares close higher for third straight day WHAT a difference a year makes - in the first three trading sessions of 2016, the Straits Times Index (STI) plunged 78 points or 2.7 per cent to 2,804, sending analyzes scrambling to determine where the downside support might lie. In contrast, the first three days of 2017 has seen the STI gain 74 points or 2.6 per cent at 2,954.14 including Thursday' s 32.83 point jump, prompting observers to wonder if the upside resistance of 3,000 might soon be breached. Liquidity has improved slightly - daily volume in the first days of 2016 hovered close to the S $ 1 billion mark whilst Thursday' s turnover gained to 2.1 billion units worth S $ 1.3 billion. |
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WanSiTong
Supreme |
05-Jan-2017 15:36
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European markets to open lower retail, banking stocks on the radar Markets in Europe are expected to open lower on Thursday after minutes from the last U.S. Federal meeting shown willingness to increase rates at a more pace. The FTSE 100 is poised to open down by 4 points at 7,186, the DAX is seen 3 points lower at 11,581 and the French CAC is expected 1 point higher at 4,900. The retail sector should draw some attention, after contracting during Wednesday' s trading, with the release of the latest retail PMI figures in the euro zone. Meanwhile, in the U.S., Amazon and Forever 21 are reportedly among those considering bidding for American Apparel. Shares of Deutsche Bank should also be under the radar after the German lender agreed to pay $ 95 million to resolve a lawsuit from the U.S. government accusing the bank of tax fraud. |
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Goldfinger
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05-Jan-2017 15:31
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Very very fierce rally. | |||||||||||||||||||||||||||||||||||||||||||||||||||
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WanSiTong
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05-Jan-2017 15:07
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WanSiTong
Supreme |
05-Jan-2017 14:19
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Asia stocks trade mixed, Hang Seng up more than 1 percent Japanese shares were under pressure on Thursday after jumping more than 2 percent in its previous session with a weaker dollar weighing on exporters. Japan' s Nikkei 225 traded down 0.33 percent as the dollar' s momentum waned overnight. Over in Hong Kong, the Hang Seng gained 1.3 percent, after the Nikkei Purchasing Managers' Index (PMI) for December showed that the private sector economy might be on the cusp of a recovery, with a reading of 50.3, compared to November' s PMI at 49.5. Mainland Chinese shares were mixed, with the Shanghai composite up 0.11 percent and the Shenzhen composite effectively unchanged. China' s Caixin services purchasing managers' index (PMI) for December rose to its highest reading since July 2015 at 53.4 compared to 53.1 in November. This further boosts the view that China' s economy is gaining ground, after manufacturing PMI readings earlier this week also came in Stronger than expected. The dollar fell against a basket of currencies from their highest levels in 14 years this week. The greenback traded at 102.22 on Thursday during Asian hours, slipping from Wednesday' s high at 103.44. The U.S. Federal Reserve' s December meeting minutes were released on Wednesday, showing officials voted for the first interest rate hike in the year based on market reactions to Donald Trump' s surprise win and in anticipation of aggressive fiscal policy ahead. Kathy Lien, managing director of foreign exchange strategy at BK Asset Management, said the minute suggested the Fed' s optimism was based solely on Trump' s ability to follow through on his campaign promises for major tax cuts and big spending. " In other words, the Fed is betting on Donald Trump delivering, which is a risky gamble," said Lien. The Fed raised interest rates in December for just the second time in a decade and forecast three rate hikes for 2017. But the minutes also revealed that the Fed was concerned about a stronger dollar, and that more fiscal stimulus could raise demand above sustainable levels. During Asian trade, the West Texas Intermediate futures slipped 0.19 percent at $ 53.16 per barrel, while global benchmark Brent dipped 0.28 percent to $ 56.30. Spot gold was up 0.86 percent at $ 1,173.60 per ounce, at a four-week high. Straits Times Index 2,959.64 1.31% +38.33 ▲ Asian Indexes
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Goldfinger
Supreme |
05-Jan-2017 09:59
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Remarkable strength - STI powering up to cross 3000pts and beyond it would seem. | |||||||||||||||||||||||||||||||||||||||||||||||||||
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bishan22
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05-Jan-2017 09:24
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3000 in the making................
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WanSiTong
Supreme |
05-Jan-2017 09:07
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Stocks To Watch Sino Grandness, CAO, Raffles Medical |
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WanSiTong
Supreme |
05-Jan-2017 09:06
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Asia stocks mixed ASX up 0.3%, Nikkei down 0.2% and Kospi flat Asian markets opened mixed on Thursday, as the dollar weakens and investors consider the implications of the Fed minutes. Japan' s Nikkei 225 traded weaker, down 0.17 percent after the yen strengthened against the greenback, as the dollar momentum waned overnight. The minutes showed the Fed was concerned about a stronger dollar, and that more fiscal stimulus could raise demand above sustainable levels. Investors were also searching for clues about what the central bank thought of President-elect Donald Trump' s proposed fiscal policy measures. Kathy Lien, managing director of foreign exchange strategy at BK Asset Management, said the minute suggested the Fed' s optimism was based solely on Trump' s ability to follow through on his campaign promises for major tax cuts and big spending. " In other words, the Fed is Betting on Donald Trump delivering, which is a risky gamble, " said Lien. The Fed raised interest rates in December for just the second time in a decade and forecast three rate hikes for 2017. During Asian trade, the West Texas Intermediate futures was up 0.09 percent at $ 53.31 per barrel, while global benchmark Brent added 1.8 percent to settle at $ 56.46 a barrel during U.S. hours. Oil prices had added more than 2 percent overnight in the US, with " a weaker dollar helping crude' s cause, as did the American Petroleum Institute' s (API) surprising 7.4 million barrel drawdown in inventory late in the session," said Jeffrey Halley, senior market Analyst at OANDA, in a note on Thursday. Spot gold was up 0.37 percent at $ 1,168.09 per ounce, at a near four-week high. Asian Indexes
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WanSiTong
Supreme |
05-Jan-2017 06:57
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Dow closes within 100 points of 20,000 after Fed minutes are released U.S. stocks closed higher on Wednesday, with consumer discretionary and materials leading, as investors digested the Federal Reserve' s December meeting minutes. The minutes showed the central bank is concerned about a strengthening dollar, and that more fiscal stimulus could raise demand above sustainable levels. Investors were looking for clues about what the central bank thought of President-elect Donald Trump' s proposed fiscal policy measures. Rates at its last meeting for just the second time in a decade and forecast three rate hikes for 2017. " To some extent, [the minutes] reinforce the positive not that that we' ll see more growth," said Bruce McCain, chief investment strategist at Key Private Bank. " That' s the glass-half-full view the market seems to be taking. " Read more.... |
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risktaker
Supreme |
05-Jan-2017 06:56
Yells: "Posts are opinions. Do not take it as investment advise " |
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Tonight is the night.... 20k dow.... huat ah | |||||||||||||||||||||||||||||||||||||||||||||||||||
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WanSiTong
Supreme |
04-Jan-2017 19:10
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Straits Times Index 2,921.31 0.77% +22.34 ▲
Singapore shares end 22.34 points higher on banking stocks rally SINGAPORE shares ended Wednesday' s session on a higher note, extending gains from the previous day. The benchmark Straits Times Index (STI) closed up 22.34 points or 0.77 per cent at 2,921.31, led by a rally in banking stocks. |
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FATABA
Supreme |
04-Jan-2017 16:07
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When Dow and S& P hit another record....Asia will follow....huat huat and cny angpow
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singaporegal
Supreme |
04-Jan-2017 16:02
Yells: "Female TA nut" |
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Hopefully it can go beyond 3000 soon
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bishan22
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04-Jan-2017 15:39
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STI hitting 30 points.... wohoooooo can go along with kopi o and huat kuehs for afternoon coffee break.................
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WanSiTong
Supreme |
04-Jan-2017 13:32
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Straits Times Index
2,921.19 0.77% +22.22 ▲ 
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WanSiTong
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04-Jan-2017 13:30
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Asian Shares Higher Nikkei Leads Gains With Strong US Outlook Japan equities kicked off the new year sharply higher on Wednesday, leading the region' s gains amid a robust outlook for the U.S. economy, coupled with expectations of continued yen weakness. The Nikkei Stock Average was up 2.3%, with the market reopening after a four-day holiday weekend, helped by gains in financial and export-oriented stocks. Japanese airbag maker Takata surged to its daily limit for a third-straight session, and was last up 17.5% on media reports that it was nearing a settlement with US prosecutors to resolve allegations of criminal wrongdoing. Hopes for an early settlement sent the stock up 66% in the past three sessions to reach a 14-month high on Wednesday. Other Asian markets also tracked Japan' s gains, with Singapore' s Straits Times Index up 0.7%, and the FTSE Bursa Malaysia Index adding 0.4%. Australia' s S & P / ASX 200 was flat. " Today was the first day of trade in Japan and market participants are reacting to the good news over the global economy," said analyst Masashi Murata, who covers regional and emerging markets for Brown Brothers Harriman. Crude oil also recovered with prices for Brent crude, the international oil benchmark, rising 0.7% to $ 55.86 a barrel early Wednesday, recovering from overnight declines. Oil futures had fallen on Tuesday in the U.S. over doubts as to whether major producers will be able to follow through on an agreement to cut production. In China, the Shanghai Composite Index was up 0.4% ahead of the release of the China Services Purchasing Managers' Index. On Tuesday, a private gauge of manufacturing came in at the strongest level since early 2013. Despite across the board buying in blue-chip stocks, Hong Kong' s Hang Seng Index was down 0.1% in the morning session on Wednesday. Investors there are on the sidelines as they watch for any fallout from Mr. Trump' s policies, as well as capital outflow Restrictions on Chinese nationals. Asian Indexes
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bishan22
Supreme |
04-Jan-2017 10:07
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Green huat kueh.... Hehehehe...........
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