| Latest Forum Topics / Straits Times Index |
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business turnaround ?
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spore1
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19-Dec-2016 21:14
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Dow may drop / retrace any moment! has bn up for so Long. Be extra cautious! | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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singaporegal
Supreme |
19-Dec-2016 19:42
Yells: "Female TA nut" |
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Mainly penny stocks in play |
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WanSiTong
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19-Dec-2016 17:48
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Straits Times Index  2,913.08   -0.84% -24.78  ▼  
 
Singapore shares close lower as holiday season kicks in, volume drops below S $ 1b THE start of the week before Christmas saw trading volume dwindle last week' s S $ 1.2 billion daily average to 1.9 billion units worth S $ 897.2 million. The banks have been the main index movers this year and so it was again on Monday when the Straits Times Index (STI) dropped 24.78 points to 2,913.08, with falls in DBS, UOB and OCBC accounting for a combined 12 point loss. Brokers said that the drop-off in turnover was to be expected, given the impending holiday season and the sharp run-up of the past five to six weeks since the US elections.   |
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WanSiTong
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19-Dec-2016 16:38
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European Indexes
European markets lower Apple to begin EU legal battle BMPS 8% down Europe' s bourses started the day lower as markets entered the usual quiet week for volumes ahead of the holiday season. BMPS down by 8% Deutsche Bank falls 3%   |
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WanSiTong
Supreme |
19-Dec-2016 12:42
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China Property, Financials Drops Hit Hong Kong Stocks Hong Kong stocks end the Monday morning session in the red with the Hang Seng down 0.8%, with BOC Hong Kong losing 2% and Citic down 1.9%. BOC and Citic are down on worries that higher interest rates and a decline in stock trading volumes would affect margins. China developers trading in Hong Kong are broadly down after the release Monday of data that shows China housing market is cooling. Meanwhile, a bond selloff in China weighed on equity markets there on worries of a liquidity crunch. A weaker yuan also makes interest repayments in dollars expensive for domestic companies. Asian Indexes
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WanSiTong
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19-Dec-2016 09:46
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Asia stocks mixed Asian shares were a mixed bag on Monday with Tokyo up slightly on better-than-expected November trade data for imports and exports. Investors will also eye the Bank of Japan' s two-day monetary policy meeting starting on Monday, and China' s November house prices. Hong Kong' s November unemployment rate is also on tap. A Chinese warship seized a US underwater drone in the South China Sea, which triggered a formal diplomatic protest and a demand for its return last Friday. The political fallout continued over the weekend even after Beijing agreed to return the drone, with US President elect Donald Trump taking jabs at China on Twitter. However, the fact remains that this incident is a reminder to markets that geopolitical tensions may deserve more risk premium under the Trump administration, " said Ric Spooner, chief. Market analyst at CMC Markets, in a note on Monday. In the broader currency market, the dollar slipped to 102.79 against a basket of currencies, compared to levels as high as 103 last week. The yen traded at 117.59 against the greenback as of 8:22 am HK / SIN, while the Australian dollar was Softer at $ 0.7288, ahead of the national budget announcement. Oil prices were higher during Asian trade. U.S. crude were up 0.33 percent to $ 52.07 a barrel while global benchmark Brent futures traded up 0.31 percent to $ 55.38. Oil prices had settled higher on Friday, after Goldman Sachs raised its price forecast for 2017 and producers showed signs of keeping to the global deal to cut production levels.   Asian Indexes
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bishan22
Supreme |
19-Dec-2016 09:04
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STI xmas celebration in HOLLAN........
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WanSiTong
Supreme |
19-Dec-2016 08:45
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Stocks To Watch Creative, GS Holdings, Civmec     |
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WanSiTong
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17-Dec-2016 07:04
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  Stocks close slightly lower, S & P red for week after report of China seizing underwater US drone U.S. stocks closed slightly lower Friday, with financials lagging, following some renewed concern of geopolitical tension. Reuters reported in late morning trade that a Chinese Navy warship has seized an underwater drone deployed by an American oceanographic vessel in international waters in the South China Sea, triggering a formal diplomatic protest from the United States and a demand for its return, a US defense Official told the newswire. " Traders are going to want to see if this escalates at all from the White House and see how this unfolds over the weekend," said Quincy Krosby, market strategist at Prudential Financial. " It could be one of the things that dissipates in the news But it could be one of the headlines that gains momentum into next week. The three major indexes gave up slightly opening gains to close lower, with the Nasdaq composite the worst performer, down over a third of a percent. The tech-heavy index and S & P 500 ended slightly lower for the week, while the Dow Jones industrial average Posted its first six-week win streak since November 2015. " A little world tension. The markets sold off exactly when that news story came out," said Peter Coleman, head trader at Convergex. Following the China news, U.S. Treasury yields edged lower, gold prices climbed, and the yen strengthened against the dollar in a safe-haven trade. U.S. weekly crude oil futures settled $ 1.00 at $ 51.90 a barrel. The weekly U.S. oil rig count rose 12 from last week to 510, according to Baker Hughes. Gold futures for February delivery settled $ 7.60 at $ 1,137.40 an ounce. Read more ... |
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WanSiTong
Supreme |
16-Dec-2016 17:36
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Straits Times Index  2,937.86   0.24%   +7.09 ▲  
Singapore shares end the week mixed as STI rose but broad market softens THE US Federal Open Markets Committee (FOMC) meeting this week was meant to be a non-event as markets had for several weeks been expecting an interest rate hike. As it turned out, the Fed lived up to expectations with a 25 basis points rate Hike but simultaneously indicated that there could be three more hikes next year instead of the two that markets had forecast. This unexpected hawkishness brought the sellers out, dragging the Straits Times Index 23 points lower on Thursday. Even with a 7.09 points rebound on Friday, the STI lost a net 20 points or 0.7 per cent over the week at 2,937.86.   |
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WanSiTong
Supreme |
16-Dec-2016 17:05
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Hong Kong: Stocks post biggest weekly fall in 6 months Hong Kong stocks slipped to a 4-1 / 2-month low on Friday, and posted their biggest weekly fall in half a year, as investors braced for a faster pace of US interest rate rises. The Hang Seng index fell 0.2 per cent, to 22,020.75 points, while the China Enterprises Index lost 0.1 per cent, to 9,470.33 points. For the week, the benchmark lost 3.3 per cent. On Thursday, the market slumped in the wake of the Federal Reserve' s quarter-point rate hike. Although the move had been fully priced in, investors were spooked after the Fed projected three hikes next year, up from two previously, indicating a hawkish policy stance . Although the jitters eased on Friday, clients meeting circumspect as the dollar hovered around its 14-year high against major currencies, threatening the appeal of emerging market assets. Most sectors lost ground, with telecommunication and raw material shares leading the decline. REUTERS   |
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WanSiTong
Supreme |
16-Dec-2016 16:27
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China Stocks Eke out Gain 600B Yuan Does Not Buy Much This central bank has pumped in 600 billion yuan over the past two days, stabilizing the bond and stock markets, said the state-run Securities Daily. This followed an unprecedented plunge of the bond futures market that triggered a temporary trading halt Thursday. Jitters are returning to the Chinese markets after months of stable trading and low volatility. Still, after the rout in the stock market Monday when the Shanghai main board fell nearly 2.5%, the index has not closed up or below 1%, signaling volatility has Not yet returned to the market. Chinese stock markets managed to eke out gains after early losses, with the Shanghai Composite Index closing up 0.2%, the Shenzhen Composite Index closed up 1.0% and the smaller ChiNext Price Index ending 1.1% higher. |
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WanSiTong
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16-Dec-2016 09:43
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Asian Indexes
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WanSiTong
Supreme |
16-Dec-2016 09:33
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Asia markets mixed Nikkei up 0.8% on weaker yen, ASX and Kospi near flat Asian shares were mixed at Friday, following Wall Street' s higher close and the stronger greenback. Japan' s benchmark Nikkei 225 gained 0.79 percent, boosted by the weaker yen. A weaker yen usually supports exporters as it boosts earnings repatriated makes pricing more competitive abroad. Australia' s ASX 200 was down 0.05 percent, weighed strongly by the all-ordinaries gold sub-index, which plunged 5.82 percent. In South Korea, the Kospi slipped 0.04 percent. In commodity markets, spot gold was trading at $ 1,127.26 an ounce, near a 11-month low. " Gold was a casualty of the U.S. dollar rally [on Thursday] and gold miners are likely to be under pressure again today," said Ric Spooner, chief market analyst at CMC Markets, in a note on Friday. " Oil, on the other hand is holding up relatively well. Next year' s production cuts are likely to see the market supported with bargain hunters active in quality energy stocks on minor dips," Spooner added. During the Asian trade, US crude oil futures were up 0.41 percent at $ 51.11 a barrel, while Brent futures had settled up 0.2 percent at $ 54.02 in the Thursday U.S. session. Oil prices on Thursday shrugged off the stronger greenback as the market focused on the Organization of Petroleum Exporting Country (OPEC) members' promise to cut production. A stronger dollar would generally weigh on demand for the dollar-denominated crude.   |
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WanSiTong
Supreme |
16-Dec-2016 08:55
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Stocks To Watch CapitaLand, SIA, Sabana, SATS, Singtel, Elektromotive   |
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WanSiTong
Supreme |
16-Dec-2016 08:54
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bishan22
Supreme |
16-Dec-2016 07:39
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Enough of red tortise kueh......some green tea please.....
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WanSiTong
Supreme |
16-Dec-2016 06:48
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  Stocks close higher as Dow climbs closer to 20,000 dollar reaches 14-year high U.S. stocks rose on Thursday as a post-election rally resumed, while investors digested a slew of economic data and the Federal Reserve' s decision to raise interest rates. " It appears that this rally has more room to run and the Fed rate hike can not stop this. The US home builders data has confirmed that the housing market is strong and it echoes what Janet Yellen said last night. All eyes are pinned towards that 20K mark for the Dow and bulls are once again in charge of the market, " Naeem Aslam, chief market analyst at Think Markets, told CNBC in an email. " This is despite the fact that we are seeing some carnage in the currency market especially if you look at the dollar against the Euro. The pair has made another low against the dollar which we have seen since 2003," Aslam said. That said, Robert Pavlik, chief market strategist at Boston Private Wealth, said the market might be starting to show signs of exhaustion. " I think, however, we' re still in a long-term bull market in the short term, I Think we' re a bit over-extended, " he said. In oil markets, U.S. crude for January delivery settled 0.27 percent lower at $ 50.90 per barrel, as the rising dollar hit commodity prices. Gold futures for February delivery, meanwhile, fell $ 33.90 to $ 1,129.80 per ounce. Read more....     |
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WanSiTong
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15-Dec-2012 14:37
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Straits Times Index  2,930.77     -0.79% -23.29 ▼  
 
 
Singapore shares close lower on worries of more US rates hikes than expected THE US Federal Reserve lived up to expectations with a 25 basis point interest rate hike on Wednesday but the surprise came in its " dot plot" which suggested three rate hikes in 2017 instead of the two that the market had expected. As a result, Wall Street fell sharply and on Thursday, the Straits Times index suffered its largest fall in about three weeks when it dropped 23.29 points to 2,930.77. Liquidity has been a problem throughout the year and other than month-ending window-dressing when volume tended to shoot up past S $ 1.5 billion - on Nov 30 it hit S $ 2.6 billion - most days it comes in at around S $ 1 billion. , 2.1 billion units worth S $ 1.1 billion were traded and excluding warrants there were 146 rose versus 315 falls. All three banks closed weaker as did Singtel. The former have been pushed up over the past fortnight supposedly because higher interest rates suggest better margins the latter fell after Australia' s TPG Telecom was named the local market' s fourth telco. Also weak were Reits, which is to be expected given worries of higher interest rates. |
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WanSiTong
Supreme |
15-Dec-2016 16:50
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Asia markets mostly lower as dollar strength weighs Asian markets were mostly lower on Thursday as the dollar rose sharply and investors digest the Federal Reserve' s first interest rate rise this year and its hawkish rate outlook for 2017. The Fed' s 25 basis points rate hike was widely anticipated by the market, but it was the projected trajectory of three rate hikes for 2017 that raised concerns. " The 2017 dot-plot was revised higher as well, with 11 out of 17 Fed officials expecting three rate hikes next year, up from September' s median of two rate hikes," said Chang Wei Liang, FX strategist at Mizuho Bank, in a note on Thursday. " The dollar surged given the hawkish 2017 rate guidance, as markets were actually expecting a dovish rate hike," Chang said. The dollar index, which tracks the greenback against a basket of currencies, was trading at 102.3, its highest since January 2003. Investors will eye the central banks decisions out of Taiwan, Indonesia and the U.K. on Thursday. Hong Kong' s Hang Seng tumbled 1.87 percent. The Hong Kong dollar is pegged to the greenback, and a stronger local currency might put pressure on borrowing costs and make exports more expensive. Major Japanese automakers were an exception and traded higher, likely because of the weaker yen which would increase the value of profits earned overseas.  U.S. crude futures were trading down 0.16 percent at $50.96 a barrel during Asian trade on Thursday, while global benchmark Brent futures was up 0.04 percent at $53.92. Oil prices, which are dollar-denominated, fell more than 3 percent on the stronger greenback in the U.S. on Wednesday. Spot gold was trading at $1,140.61 an ounce, its lowest levels since February.  
European Indexes
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