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| 15-Dec-2016 16:50 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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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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| 15-Dec-2016 11:06 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Asian Indexes
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| 15-Dec-2016 10:02 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Singapore' s STI Falls With Asia After Fed Tightening The FTSE Straits Times Index same other Asian and U.S. indexes lower Thursday morning, reacting negatively to the U.S. Federal Reserve' s overnight decision to raise interest rates for the second time since the financial crisis. SINGAPORE shares opened lower on Thursday as investors reactions to news of the US Federal Reserve' s hint that it will increase the pace of tightening in 2017. Singapore' s benchmark Straits Times Index fell 25 points, or 0.74 per cent, to 2,929 Shares of telecommunication companies, fresh from news of a fourth operator to enter Singapore' s market, and banks were among the biggest losers as at 9.02am. The early drop in the STI echoed Asian markets elsewhere. MSCI' s broadest index of Asia-Pacific shares outside Japan fell 0.7 per cent in early morning trade, Reuters reported. This came after the Fed rose rates by 25 basis points. But what spooked investors more that that the Fed said it now thinks three increases in 2017 are likely, compared to twodering mentioned in September. Hong Kong: Stocks sink at open on Fed rate fears. Asian Indexes
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| 15-Dec-2016 08:46 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Stocks To Watch Telcos, GLP, MLT, Sabana, Ryobi Kiso |
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| 15-Dec-2016 08:19 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Asia stocks to focus on Fed rate hike, dollar strength, oil price fall Futures pointed to a mixed open for Asian markets as investors digest the Federal Reserve' s first interest rate rise this year and its hawkish rate outlook for 2017. Australia' s ASX 200 fell 0.67 percent at the open, with strong declines in its energy sub-index, which was down 3.64 percent, and its all-ordinaries gold sub-index, which plunged 4.1 percent. Japanese benchmark futures in Chicago traded up 0.7 percent at 19,390 on yesterday' s close, while Osaka futures added 0.67 percent at 19,260. The Nikkei 225 closed at 19,253.61.on Wednesday. The Fed raised rates by 25 basis points on Wednesday, its second rate increase in a decade, and said it saw three rate hikes in 2017, due to improving economic conditions. United States crude futures settled down 3.66 percent at $ 51.04 per barrel, while global benchmark Brent futures were down 3.27 percent to settle at $ 53.80. Spot gold was trading at $ 1,142.62 an ounce, its lowest levels since February. |
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| 15-Dec-2016 05:45 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Stocks close lower after Fed raises rates, eyes three hikes in 2017 energy and utilities drop 2% Stocks close lower after Fed raises rates, eyes three hikes in 2017 energy and utilities drop 2% U.S. stocks fell in choppy trade Wednesday, led lower by energy and utilities, after the Federal Reserve raise rates for the second time in a decade. The Dow Jones industrial average closed about 120 points lower after dropping more than 150 points following the Fed' s announcement, with Caterpillar, 3M and Boeing contributing the most losses. The blue-chips index also hit a new intraday high earlier in the session. 500 dropped about 0.8, with utilities and energy falling around 2 percent. The Nasdaq composite slipped 0.5 percent. " I think it' s all about reality setting in," said Peter Cardillo, chief market economist at First Standard Financial. " I think we have to expect more volatility and less momentum buying." The Federal Open Market Committee raised its target range from 0.25 percent to 0.5 percent to a range of 0.5 percent to 0.75 percent. The overnight funds rate currently sits at 0.41 percent. In addition to approving the much-expected increase, the FOMC also indicated a The higher rate than projected back in September when it last released the quarterly look ahead. The committee now expects three rate hikes in 2017, two or three in 2018 and three in 2019. " What happened here was that nobody was expecting the third rate hike" in the central bank' s forecast, said Tom Siomades, head of Hartford Funds Investment Consulting Group. " There was no data that would have necessitated that." In a news conference following the Fed' s announcement, Chair Janet Yellen said President-elect Donald Trump' s plans to stimulate the economy with government spending figured into the central bank' s expectations for three rate hikes next year. " If there is a large fiscal stimulus then this will almost certainly create inflationary pressure that the Fed will have to fight by raising rates. It' s far from clear how big any stimulus will be and will impact it will have. The Fed is as much in The dark about this as the rest of us, " said Luke Bartholomew, investment manager at Aberdeen Asset Management. Most market participants were expecting the U.S. central bank to raise rates by 25 basis points According to the CME Group' s FedWatch tool, market expectations for a rate hike on Wednesday were almost 100 percent. In oil markets, U.S. crude for January delivery fell 3.7 percent to settle at $ 51.04 per barrel, after the Energy Information Administration reported a drawdown of 2.6 million barrels. Read more.... |
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| 14-Dec-2016 19:06 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Oil retreats after Opec deal rally on reported US supply gain Oil retreated from the highest close since July 2015 as focus shifted to expanding US crude stockpiles after Opec and other producers nations agreed to cut output to stabilize the market. Futures slid as much as 1.7 per cent in New York after climbing 6.5 per cent over the previous four sessions. US inventories rose by 4.68 million barrels last week, the industry-funded American Petroleum Institute was said to report. Government data Wednesday is forecast to show supplies fell. Oil markets will swing into the deficit in the first half of 2017 as producers curb supply, according to the International Energy Agency, earlier than its previous forecast. Oil has gained about 16 per cent since the members of the Organization of Petroleum Exporting Countries agreed Nov 30 to trim output for the first time in eight years. US transactions are over the weekend in Vienna between the group and 11 non-Opec producers including Russia encompasses countries that produce about 60 per cent of the world' s crude. US supplies are at the highest seasonal level in more than three decades, weekly government data show . SEE ALSO: Oil retreats from 17-month high after reported US supply gain " There is a large crude inventory and that acts as a cap on prices in the short term," said Ric Spooner, a chief market analyst at CMC Markets in Sydney. " The US $ 55 to US $ 60 a barrel area may prove to be a bit of a headwind, that' s the sort of level that could attract increased production on sustained prices." West Texas Intermediate for January delivery lost as much as 88 US cents to US $ 52.10 a barrel on the New York Mercantile Exchange, and was at US $ 52.37 at 8.12am Hong Kong time. The contract gained 15 US cents to close at US $ 52.98 on Tuesday. Total volume traded was about 2.4 per cent below the 100-day average. US stockpiles Brent for February settlement fell as much as 83 US cents, or 1.5 per cent, to US $ 54.89 a barrel on the London-based ICE Futures Europe exchange. The contract rose 3 US cents to US $ 55.72 a barrel on Tuesday, the highest Settlement since July 2015. The global benchmark crude traded at a premium of US $ 1.85 to WTI. US gasoline stockpiles increased by 3.91 million barrels last week, the API reported Tuesday, according to a person familiar with the figures. Nationwide crude inventories are forecast to have decreased by 1.5 million barrels, according to the median estimate in a Bloomberg survey before an Energy Information Administration report Wednesday. BLOOMBERG |
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| 14-Dec-2016 19:02 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Sibor, SOR up ahead of Fed decision LOCAL interest rates rose on Wednesday a day before the US Federal Reserve makes its last interest rate announcement for the year. The key three-month Sibor (Singapore interbank offered rate), typically used to price home loan rose to 0.932 per cent, up 0.006 from 0.926 per cent on Tuesday. The latest move brings the three-month Sibor back to where the interest rate was In early July. The high in 2016 was 1.254 per cent on Jan 19. The three-month SOR (swap offer rate) moved a faster 0.062 to 0.818 per cent on Tuesday from 0.756 per cent on Monday. The three-month SOR, a benchmark for commercial loans is updated late at night. Eugene Leow, DBS Bank interest rate strategist, thinks the upward moves of the local interest rates is " prepping ahead of the Fed decision" . On tonight' s US Fed announcement, Mr Yong said markets will be looking out for any hint from US Fed chair Janet Yellen to see if she might allude to a greater willingness to hike rates faster in 2017. The current expectation is for between 2-4 hikes in 2017. UOB is expecting three hikes and sees the Fed Fund rate end 2017 at 1.50 per cent from 0.50 per cent now, Mr Yong said. UOB' s forecast for the three-month Sibor and SOR rates is to end 2017 at 1.35 per cent. Read more.... |
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| 14-Dec-2016 18:58 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Straits Times Index 2,954.06 -0.04% -1.17 ▼
Singapore shares close flat on Wednesday AHEAD of a widely expected interest rate hike decision by the United States Federal Reserve, Singapore stocks ended flat on Wednesday with the Straits Times Index retreating 1.17 points to 2,954.06. But the index' s sideways move did not exactly mirror the broad market, where caution reigned. Losers outnumbered gainers 230 to 200, or about eight down for every seven up. |
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| 14-Dec-2016 09:04 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Stocks To Watch POSH, Oxley, Civmec, CMC Infocomm, |
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| 14-Dec-2016 07:20 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Dow closes up triple digits, inching closer to 20,000 Fed decision looms U.S. equities closed higher on Tuesday as investors kept an eye on a key Federal Reserve meeting, while the Dow Jones industrial average closed in on another milestone. The Dow closed at a record, rising more than 100 points, with IBM, Apple and Home Depot contributing the most gains. The S & P 500 also ended at an all-time high, rising 0.6 percent, with energy and information technology leading advancers. The Nasdaq composite outperformed, advancing 0.9 percent to a new all-time high. The Fed began a two-day monetary policy meeting, with most market participants expecting the central bank to raise interest rates by 25 basis points. According to the CME Group' s FedWatch tool, market expectations for a rate hike were above 90 percent. " To me, it' s all about what they say about their guidance for 2017," said Eric Stein, co-director of global income at Eaton Vance. " I do not expect them to be hawkish tomorrow," but we could see a More hawkish Fed in the near future. " A new political regime took hold on November 8th and tomorrow we' ll see if there is any acknowledgment of that from the FOMC and whether we' re about to embark on a new monetary regime. I would define ' new monetary regime' as anything More aggressive than the pace of one rate hike per year, " said Peter Boockvar, chief market analyst at The Lindsey Group, in a note. The meeting is expected to conclude Wednesday, with Fed Chair Janet Yellen scheduled to hold a news conference at 2:30 p.m. ET. " Everyone is looking at the 20K level which is very important because there could be some profit taking at that level. This is a major resistance and psychological mark and traders will not hesitate to take some profit off the table to celebrate another bull year, Naeem Aslam, chief market analyst at Think Markets, said in a note. Overseas, European equities traded higher, with the pan-European Stoxx 600 index rising 1.06 percent. In Asia, stocks closed mixed as the Shanghai composite advanced just 0.08 percent and the Nikkei 225 rose 0.5 percent. U.S. crude futures for January delivery rose 0.3 percent to settle at $ 52.98 per barrel. Read more. . . . |
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| 13-Dec-2016 17:46 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Last para...Edited... All three banks rose, their combined gains adding about seven points to the STI. These gains came despite Fitch Ratings and Moody' s Investors Services releasing negative outlooks for the region' s banks. |
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| 13-Dec-2016 17:42 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Straits Times Index 2,955.23 0.1% +3.04 ▲
Singapore shares end broadly weaker despite banks pushing STI up The Straits Times Index (STI) on Tuesday drifted within a narrow band before finishing at 2,955.23 for a gain of 3.04 points on the day after a late spike up in the Dow futures suggested a seventh consecutive rise in the Dow Jones Industrial Average on Tuesday, And after Europe opened in the black. Turnover was below average by recent standards at 2.3 billion units worth S $ 1.1 billion and the broad market was marginally weak, recording 190 rises versus 235 falls excluding warrants. All three banks rose, their combined gains adding about seven points to the STI. These gains were despite Fitch Ratings and Moody' s Investors Services negative negative outlooks for the region' s banks. |
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| 13-Dec-2016 16:32 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Asian dealers on edge as Fed meeting approaches Asian markets mostly fell Tuesday as attention to this week' s much-anticipated Federal Reserve meeting, while analysts said the recent Trump-fuelled rally may have been overblown. Global stocks have surged since Donald Trump was elected US president as investors bet his plans for huge infrastructure spending and tax cuts will kickstart the world' s top economy. " Market participants are also reassessing whether the Trump rally has gotten a bit ahead of itself." Crude prices edged down in Asian trade Tuesday and Jeffrey Halley, senior market analyst at Oanda, said it would likely struggle to break further up after Monday' s more than two percent gains. " Oil speculators will need a continual stream of good news to maintain oil' s rally at these levels, as they run into a solid wall of producer hedging (selling) in the futures market," he said. " With US shale dusting off more rigs by the day, at these levels, expect this producer hedging to increase as oil grinds higher." European markets opened lower ahead of Fed meeting. |
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| 13-Dec-2016 06:14 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Dow notches 15th record close since election Treasury yields rise ahead of Fed meeting Stocks closed mostly lower on Monday despite oil prices soaring as Treasury yields spiked ahead of a key Federal Reserve meeting. The Fed' s policymaking committee is set to begin a two-day meeting on Tuesday, where the US central bank is largely expected to raise interest rates by 25 basis points. According to the CME Group' s FedWatch tool, market expectations for a rate hike this week are Above 95 percent. Luke Bartholomew, investment manager at Aberdeen Asset Management said " this meeting is more about the guidance on interest rates next year. Everyone is second guessing what a Trump presidency will mean and financial markets think that Trump can spell more inflation and growth. Is dependent on the vagaries of US politics, and frankly, Trump' s own personality. Stocks have risen sharply since President-elect Donald Trump' s surprising victory over Democrat Hillary Clinton, as optimism around the prospects of tax cuts and fiscal spending have flooded the market. Since Nov. 8, the major indexes have risen at least 4.5 percent, with the Small-caps Russell 2000 soaring more than 15 percent. The Dow, meanwhile, has posted 15 record closes since then and gains in 21 of the past 25 sessions. Investors also kept an eye on oil prices, as West Texas Intermediate futures for January delivery gained 2.58 percent to settle at $ 52.83 per barrel, their best settle since since 2015. " Oil will be a cushion for the market, but ... yields are spiking up and you have others that are going to keep investors cautious," said Peter Cardillo, chief market economist at First Standard Financial. " I think the market has baked In a [Fed rate hike] but not a more hawkish Fed. " After nearly a year of wrangling, the Organization of the Petroleum Exporting Countries agreed on Nov. 30 to cut output by 1.2 million barrels per day for six months from Jan. 1, with top exporter Saudi Arabia cutting around 486,000 barrels per day to curb the Oversupply that has dogged markets for two years. On Saturday, producers from outside OPEC, led by Russia, agreed to reduce output by 558,000 barrels per day, short of the target of 600,000 barrels per day but still the largest contribution by non-OPEC ever. " Although Oil prices have staged an impressive rebound, concerns still linger towards the compliance side of the cut deal with an xieties rising over OPEC and Non-OPEC members cheating," Lukman Otunuga, research analyst at FXTM, said in a note. " With the agreement not legally binding and no punishments in place for going against the cut deal, there are fears of some cartel members not respecting their pledge which could pressure oil in the medium to longer term," he said. Read more ... |
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| 12-Dec-2016 20:54 |
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STI to cross 3000 boosted by long-term investors
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Energy Futures
Oil hits highest since mid-2015 as OPEC and rivals agree historic deal Oil rose by as much as 6.5 times on Monday to an 18-month high after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to try to tackle global oversupply and boost prices. Brent crude futures were up $ 2.28 at $ 56.61 per barrel by 7:17 a.m. ET (1217 GMT), having hit a session peak of $ 57.89, the highest since July 2015. The price is 50 percent higher than at this time last year, marking the largest year-on-year rise on any given day since September 2011. US crude futures were up $ 2.25 at $ 53.75 a barrel. " OPEC has taken a very important step towards stopping the relentless build up in global stock levels and speeding the rebalancing process, as long as compliance is strong, Libya and Nigeria fail to rebound and US producers take time to respond," PVM Oil Associates David Hufton said. " As things stand today, no cuts have been made and production is in fact still rising ... from a fundamental point of view, it is difficult to justify the front-end price surge other than that is where the liquidity is and where speculative Players, moving in herds, always prefer to place their bets. " After nearly a year of wrangling, the Organization of the Petroleum Exporting Countries agreed on Nov. 30 to cut output by 1.2 million bpd for six months from Jan. 1, with top exporter Saudi Arabia cutting around 486,000 bpd to curb the oversupply that has dogged Markets for two years. On Saturday, producers from outside OPEC, led by Russia, agreed to reduce output by 558,000 bpd, short of the target of 600,000 bpd but still the largest contribution by non-OPEC ever. But for the deal to be effective, all parties must stick to their word, analysts said. " We believe that the observation of the OPEC-11 and non-OPEC 11 production cuts is required to sustainably support .... oil prices to our 1H17 WTI price forecast of $ 55 a barrel," Goldman Sachs said. " This forecast reflects an effective 1.0 million barrels per day (bpd) cut vs. the 1.6 million bpd announced cut and greater compliance to the declared cuts is therefore an upside risk to our forecasts." Goldman Sachs forecast full compliance would be worth an extra $ 6 per barrel to its price forecast. Higher prices raise the chances of other producers increasing output. " There are too many moving parts for OPEC' s new policy to be sustainable in the long term. The strategy is bound to overshoot, in our view. Leading to lower prices in the second half of next year," Barclays said in a note on Monday . |
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| 12-Dec-2016 20:44 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Straits Times Index 2,952.19 -0.13% - 3.94 ▼
Singapore shares close weaker but display resilience in face of China sell-off The Straits Times Index on Monday measured resilient when it only lost 3.94 points to 2,952.19 in the face of heavy selling in China where the Shanghai Composite plunged 2.5 per cent after regulators moved to curb insurance companies' stock market activities. Over in Hong Kong the Hang Seng Index lost 1.4 per cent while the Shenzhen Index crashed almost 5 per cent. Wire reports also attributed the pressure in China to concerns over the country' s property market. Whatever the case, the STI spent virtually the whole session in the red though at its worst the index lost only about 19 points before a last-minute push enabled it to Close with only a minimal loss. |
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| 10-Dec-2016 06:48 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Stocks close at all-time highs, post best week since election U.S. equities closed at all-time highs on Friday, as the major indexes posted their best week since the election. The Dow Jones industrial average rose about 130 points heading into the close, with 3M and Apple contributing the most gains. The Nasdaq composite gained about 0.5 percent, as Apple advanced more than 1.5 percent. " It' s a great time everyone' s having fun. But people need to remember that bull markets do not end on pessimism they end in euphoria. I' d advise people to not get too euphoric," said Sean O' Hara, director at Pacer Financial. The S & P 500 gained 0.6 percent, with consumer staples and health care leading advancers. " People are predisposed to think stocks are maybe going to pay less in taxes" and that we' re getting better economic data in the future, said Kim Forrest, senior equity analyst at Fort Pitt Capital. " I think we' re in the clear For a little while. " All major indexes have been hitting record highs since the election. In fact, the Dow has notched 14 record closes since then and gains in 20 of the past 24 sessions. The Dow, S & P 500, and Nasdaq also did something they have not done in more than five years: all three rose each day of this trading week. The last time all three rose every day during the same trading week was September 2011. " I' m frankly surprised that we' ve kept breaking into new highs," said Randy Frederick, vice president of trading and derivatives at Charles Schwab. " The fundamentals are not terrible, but the valuations have gotten really high. Has been modest, but not great. " " If the market is really being driven by optimism, I can not see that changing until the new administration takes office," said Frederick. According to the CME Group' s FedWatch tool, market expectations for a rate hike next week are above 95 percent. Investors will be bracing for a Federal Reserve meeting set for next week, with the US central bank largely expected to announce tighter monetary policy on Wednesday. Gold futures for February delivery fell $ 10.50 to settle at $ 1,161.90 per ounce. In oil markets, U.S. crude for January delivery rose 1.3 percent to settle at $ 51.50 per barrel. Read more ... |
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| 09-Dec-2016 20:34 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Straits Times Index 2,956.13 -0.09% -2.73 ▼
Singapore shares end lower on profit-taking Singapore shares snapped a three-day winning streak to end lower on Friday, as investors booked some profits. The Straits Times Index finished the day 0.1% lower at 2,956.13 points. Bank stocks saw some selling after their recent gains. DBS Group Holdings ended 31 cents lower at $ 17.83, while Oversea-Chinese Banking Corp closed 4 cents lower at $ 9.26. Among other stocks, Wilmar International closed 5 cents lower at $ 3.61 on news that one of its units was raved by government authorities in South Africa. Nico Steel Holdings closed 4.8% lower at 2 cents after company said that its managementuted talks on a potential deal. Energy-related stocks gained with Sembcorp Marine ending the day 1 cent higher at $ 1.45, while KrisEnergy closed 1 cent higher at 20 cents. |
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| 09-Dec-2016 06:03 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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US stocks close at fresh records as Trump rally continues financials lead U.S. equities closed higher on Thursday, notching fresh record highs, as a post-election rally continued following a key monetary policy announcement from the European Central Bank. The Dow Jones industrial average briefly rose more than 100 points before closing about 60 points higher, with Goldman Sachs contributing the most gains. The blue-chips index has now posted gains in 19 of the past 23 sessions and 13 record closes since the election. " This really is the Trump trade," said Phil Blancato, CEO of Ladenburg Thalmann Asset Management. " This trade is about the potential for a more pro-business economy." " But I think interest rates have got up too high too fast without an economic catalyst," he said. " I think people do not realize what this move in interest rates has done to some portfolios." The S & P 500 closed 0.2 percent higher, with financials rising around 1 percent to lead advancers. " We' ve had such a strong run up since the election," said Jeff Zipper, managing director of investments at the Private Client Reserve of U.S. Bank. " This rally based on seasonality, definitely has more room to run." The Nasdaq composite advanced 0.4 percent. The three major indexes, along with the small-caps Russell 2000 and the S & P Mid Cap 400, all closed at record levels. U.S. stocks traded in a narrow range for most of the morning, as investors digested the ECB' s decision to hold rates steady. Investors have been keeping a close eye on U.S. economic data as they prepare for a Federal Reserve meeting scheduled for next week. According to the CME Group' s FedWatch tool, market expectations for a rate hike were above 95 percent. Also, in oil markets, US crude futures for January delivery rose 2.15 percent to settle at $ 50.84 per barrel. First Standard' s Cardillo said prices were receiving a boost, in part because of solid economic data from China released overnight. Gold futures for February delivery fell $ 5.10 to settle at $ 1,172.40 per ounce. Read more ... |
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