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Cacola
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WanSiTong
Supreme |
02-Dec-2016 11:48
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Asia: Markets slip as investors take step back Asian stocks turned negative on Friday and oil prices retreated along with the dollar as investors took a step back from a recent rally, while caution set in ahead of a crunch referendum in Italy at the weekend. World markets have been rising since Donald Trump' s shock US election win on hopes his big-spending, tax-cutting policies will boost the world' s largest economy. The advance was given extra impetus on Wednesday when Opec agreed on a plan to cut oil production, sending prices soaring. But James Woods, global investment analyst at Rivkin Securities in Sydney, told Bloomberg News: " Markets have rallied pretty strongly and we had three fantastic weeks but buying pressure certainly looks exhausted. " We will see some corrective declines and profit taking." Japan' s Nikkei, which on Thursday closed at its highest level this year, slipped 0.47 per cent by the break, while Hong Kong gave up 0.6 per cent and Shanghai slipped 0.1 per cent. Sydney fell 0.6 per cent, Seoul shed 0.5 per cent, while Singapore and Wellington each gave back 0.2 per cent. Japanese exporters retreated on the back of a strengthening yen. In early trade the dollar bought 113.75 yen, having flirted with 115 yen earlier week, which was a nine-month high. On oil markets both main contracts dipped marginally after racking up double-digit gains in the previous two days in reaction to Opec' s output-cutting deal. On Friday the US releases its November jobs report, which could give an indication of the Federal Reserve' s plans for interest rates over the next year. And on Sunday Italy goes to the polls for a constitutional referendum, with Prime Minister Matteo Renzi saying he will resign if his government loses, leading to a possible general election. While experts say the chances of a Eurosceptic party gaining power is low, there are worries about the uncertainty it could create in one of the EU' s biggest economies. Also on Sunday, Austrians will vote for a new president, with Norbert Hofer seeking to become Europe' s first far-right president since 1945. While the post is largely ceremonial, a win for Mr Hofer would be a major symbolic victory for populists - many of whom are anti-EU - across Europe ahead of several elections in 2017. REUTERS Asian Indexes
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WanSiTong
Supreme |
02-Dec-2016 11:44
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Strategy O & G sector remains a trading play at best for now: UOB UOB Kay Hian has upgraded its rating on Singapore' s oil and gas (O & G) sector to " market weight" for both its offshore marine and shipyard segments, following the Organization of the Petroleum Exporting Countries' (OPEC) announcement of agreeing to cut oil production. This deal sets the stage for the oil market to reach an earlier balance in 2017, says analyst Foo Zhiwei in a Friday report. However, he expects the sector to remain a trading play due to continued oil price volatility in the near term, owing to several factors that could break or cap current price levels of US $ 50 / bbl. " The ' price floor' may be broken if OPEC fails to adhere to the production cuts proposed, of which OPEC is known to have a chequered history with adherence. Oil price upside may also be capped as supply from US shale players kicks in as price Rising, " explains Foo. Critical swing factors include monthly non-OPEC / OPEC production figures rig / production counts from US shale players global inventory or demand trends and the start-up of new projects over the next two years. UOB therefore prefers Ezion for its strong balance sheet and earnings potential from an upturn, as it believes the stock can weather sustained depressed service prices. It has also named Sembcorp Industries as its top " buy" pick within the overall sector given its utilities segment' s earnings Growth and exposure to oil. Read more ... |
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bishan22
Supreme |
02-Dec-2016 11:24
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Eat ang ku kueh den mati lah....😉
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famouspinky
Supreme |
02-Dec-2016 10:56
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going to mati again
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WanSiTong
Supreme |
02-Dec-2016 10:14
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Asian shares slip, investors on a ' wait-and-see mode' Asian markets slipped on Friday, as dollar strength pauses and investors await the U.S. jobs report. " A weak lead from US markets Italy' s referendum and tonight' s release of US jobs data all provide reasons for the stock market to close the week in cautious, wait-and-see mode," said Ric Spooner, chief market analyst at CMC Markets, In a note on Friday. U.S. nonfarm payrolls, a key economic indicator that the Federal Reserve eyes, are due later in the day. " Given rising inflation expectations with markets pricing in significant fiscal stimulus from the Trump administration, a tightening labor market would further complicate the inflation outlook and render the Fed to be far less dovish that it had been in the recent past," said Cynthia Jane Kalasopatan , Market economist at Mizuho Bank, in a note on Friday. Also, crude prices started to slip on Friday early Asian time after producer cartel Organization of Petroleum Exporting Countries (OPEC) agreed on a production cut for the first time since 2008 on Wednesday. U.S. crude futures dipped 0.53 percent to $ 50.78 a barrel, while Brent dropped 0.8 percent to $ 53.51 on Friday. Asian Indexes
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WanSiTong
Supreme |
02-Dec-2016 09:46
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Asian Indexes
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WanSiTong
Supreme |
02-Dec-2016 09:02
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Stocks To Watch Midas, GLP, GKE, ISR, Swiber |
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Goldfinger
Supreme |
02-Dec-2016 08:37
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Any price targets for STI? | |||||||||||||||||||||||||||||||||||||||||||||||||
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WanSiTong
Supreme |
02-Dec-2016 08:29
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ASX opens down 0.3%, Nikkei looks set to stutter Futures pointed to a majority lower open for Asian equities, with South Korea' s GDP for the third quarter out, and Australia' s retail sales and U.S. nonfarm payrolls on tap. Down Under, the ASX 200 opened down 0.19 percent, seeing broad losses across the index, except for the energy sub-index, which was up 0.58 percent, and the all ordinaries gold sub-index, which gained 1 percent. Nikkei Futures in Chicago were down 0.26 percent at 18,465 while Osaka futures were 0.56 percent lower at 18,410. The Nikkei 225 finished at 18,513.12 in the previous session. On the economic data front, south Korea' s revised third-quarter gross domestic product (GDP) was up 0.6 percent from the previous quarter, slightly below a 0.7 percent estimate earlier. Australia is set to announce October retail sales and U.S. November nonfarm payrolls, a key economic indicator that the Federal Reserve eyes, are due. US crude futures closed up 3.3 percent to settle at $ 51.06 a barrel, while Brent climbed 4.1 percent to $ 53.94 for the U.S. session on Thursday. Asian Indexes
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WanSiTong
Supreme |
02-Dec-2016 06:24
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Nasdaq sheds more than 1% as tech stocks slide oil prices extend gains U.S. equities closed mostly lower on Thursday as declines in tech offset a rally in financial stocks, while investors digested economic data and rising oil prices. The Dow Jones industrial average rose about 70 points, with Goldman Sachs contributing the most gains. The S & P 500 fell about 0.4 percent, with information technology falling more than 2 percent while financials gained more than 1.5 percent. " What we' re seeing here is a vicious rotation out of sectors that were leading before the election and into sectors that have led since," said Adam Sarhan, CEO at 50 Park Investments. " The damage being done can not be ignored. " That type of rotation is not seen in young, healthy bull markets." The Nasdaq composite underperformed, falling about 1.4 percent as Apple and most of the so-called FANG stocks (Facebook, Amazon, Netflix and Google parent Alphabet) fell. The Nasdaq 100 shed more than 1.5 percent, giving up its post-election gains. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded about 8.6 percent higher, near 14.5. " There' s a lot of speculation about what' s going to happen with taxes, regulation, trade policy, etc., " Said John Stadtler, head of US Financial Services at PwC." I think investors are trying to figure out how those different scenarios affect different firms. " " The volatility you' re seeing is people trying to determine those different scenarios. Earlier in the session, energy stocks had popped more than 1 percent, boosted by even more sharp gains in oil, before closing about 0.3 percent. West Texas Intermediate futures for January delivery rose 3.28 percent to settle at $ 51.06 per barrel, a day after spiking More than 9 percent. On Wednesday, OPEC and Russia agreed to restrict production, even as analysts warned other producers were likely to top up supply. Jeremy Klein, chief market strategist at FBN Securities, said in a note that he expects crude to trade above $ 60 by next summer. " I reiterate that the fundamental story surrounding the commodity will flip from one fraught with supply concerns to a optimistic about burgeoning global Demand, " he said. Market watchers have paid close attention to U.S. economic data, as a Federal Reserve rate increase on Dec. 14 becomes more likely. According to the CME Group' s FedWatch tool, market expectations for a rate hike are about 99 percent. Gold futures for February delivery fell $ 4.50 to settle at $ 1,169.40 per ounce. Read more ... |
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Goldfinger
Supreme |
02-Dec-2016 00:19
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Given all the positive newsflow on the O&G front - any updated forecasts on how much higher STI will shoot? Personally I think there is a fair and not unreasonable chance it may hit 3100-3200 pts by CNY due to short covering and fresh position taking from money sidelined. If there is any unexpected good news like a dovish Fed Reserve statement for benign future rate hikes, approval of Japan casinos and relaxing of some property cooling measures - it may shoot even beyond. | |||||||||||||||||||||||||||||||||||||||||||||||||
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WanSiTong
Supreme |
01-Dec-2016 17:50
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Straits Times Index 2,925.20 0.69% +20.03 ▲
Singapore shares finish higher on firm oil and play on banks ANOTHER firm session for the Straits Times Index (STI) thanks to a rise in oil prices and a push on the banks, and another relatively mixed session for the rest of the market - that in a nutshell was the story of Thursday' s trading in the local Stock market. The STI ended 23.41 points higher at 2,928.58, its eighth consecutive rise. Of this, about 13 points came from gains in the three banks. Keppel Corp, a beneficiary of higher oil, jumped S $ 0.44 or 8.1 per cent to S $ 5.89 on volume of 24.5 million and contributed a further seven points. However, excluding warrants, there were still 203 falls versus 248 rises, so the index' s strength was not much reflected in the rest of the market. Turnover was a healthy 2.3 billion units worth S $ 1.67 billion, though this was almost S $ 1 billion or 35 per cent less than Wednesday' s S $ 2.6 billion. |
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Siwomp
Supreme |
01-Dec-2016 16:56
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1) 4th Dec 2016 - Watch out for Italy referendum this Sunday......... Financial stocks and Euro at risk. 2) 5th Dec 2016 - Shenzhen and HK link 3) 13th -14th Dec 2016 - FED meeting - Mkt already priced in a 25bp rate increase. |
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WanSiTong
Supreme |
01-Dec-2016 16:28
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European markets open lower Oil prices soar European markets opened slightly lower on Thursday as investors focus on political developments in Italy and key data releases after the oil-producing cartel OPEC agreed to cut production. European Indexes
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WanSiTong
Supreme |
01-Dec-2016 09:08
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Stocks To Watch New Silkroutes, Frasers Logistics, GLP, Starburst, Cosco, Q& M |
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WanSiTong
Supreme |
01-Dec-2016 08:45
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Asian markets opened on a positive note early Thursday, after OPEC reached its first deal since 2008 to cut oil production. ASX up 0.6%, Nikkei gains 1.6%, Kospi nearly flat During Asian trade on Thursday, Brent futures were trading at $ 51.84 a barrel, while U.S. crude futures were trading 0.42 percent lower at $ 49.23. Markets will watch China' s official manufacturing and services Purchasing Managers' Index (PMI) for November and the Caixin manufacuting PMIs. Australia will also be beirder its capital expenditure for the third-quarter. |
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WanSiTong
Supreme |
01-Dec-2016 06:14
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Energy Futures
Stocks closed mixed Stocks closed mixed on Wednesday, the last day of the month, as energy stocks surging on an OPEC deal to cut production, while investors digested solid economic data. The Dow Jones industrial average briefly rose 100 points, hitting a new record intraday high of 19,225.29, before closing about 2 points higher as Goldman Sachs, Chevron and DuPont contributed the most gains. The S & P 500 closed about 0.25 percent lower, after also reaching record The Energy Select Sector SPDR Fund (XLE) also popped nearly 5.1 percent. A 3.18 percent fall in utilities, however, offset energy' s sharp gains. " It feels like the market is doing the end-of-the-month dance," said Art Hogan, chief market Strategist at Wunderlich Securities. " A bit of a giveback here on the last day of the month makes sense. Tomorrow, a New month starts and December has some pretty good cyclicals. " " There are two things going on. You' re seeing rates continue to push higher and that' s starting to cause more of a headwind as we move closer to this rate decision," said Daniel Deming, managing director at KKM Financial. ' Ve been seeing the Nasdaq weaken all day, creating further weakness in the overall market.' The Nasdaq composite underperformed, sliding around 1 percent as the iShares Nasdaq Biotechnology ETF (IBB) fell more than 2 percent. Both the Nasdaq and S & P had traded higher earlier in the session. That said, the three major US indexes recorded sharp monthly gains, with the Nasdaq and S & P notching their best month since July, while the Dow had its best month since March. OPEC agreed to cut production by approximately 1.2 million barrels per day, or about 4.5 percent of current production. U.S. crude futures for January delivery spiked 9.31 percent to settle at $ 49.21 per barrel. On the data front, private companies added 216,000 jobs in November, well above the expected 165,000, according to ADP and Moody' s Analytics. ADP and Moody' s report is often seen as a prelude to the US government' s monthly jobs report, due Friday. Spending rose 0.3 percent in October, while personal income gained 0.6 percent, the best showing since April. European equities traded mostly higher on Wednesday, with the pan-European Stoxx 600 index rising 0.31 percent. In Asia, stocks closed mixed, with the Korean Kospi rising 0.26 percent and the Japanese Nikkei 225 closing flat. Gold futures for February delivery fell $ 16.90 to settle at $ 1,173.90 per ounce. Read more ... |
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WanSiTong
Supreme |
01-Dec-2016 06:05
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Oil output to be cut for first time since 2008 as Opec agrees deal - as it happenedOil producers have agreed to cut production by 1.2m barrels a day, to 32.5m, in an attempt to &lsquo stabilise the market&rsquo and push crude prices higher.
Closing summary: Historic output from Opec, but questions remain Here' s a snap summary, for new readers just tuning in. Opec as defied sceptics and agreed its first production cut since the financial crisis struck. The oil cartel will shave 1.2 million barrels per day off its output, cutting it from 33.7m to 32.5m barrels per day. OPEC president Mohammed Bin Saleh Al-Sada announced the deal in Vienna this afternoon, after three days of talks and tension. He called it a ' historic move' that would help to stabilize the market. Read more ... |
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Goldfinger
Supreme |
30-Nov-2016 22:29
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The oil price recovery may well pull up everything in its trail besides O& G - like banks, commodities, hospitality, infrastructure etc everything buoyed by inflationary expectations and improving demand etc etc except maybe airlines?
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FATABA
Supreme |
30-Nov-2016 22:23
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The wld certainly brings relief to the O& G sector here. Semb and Kep corp would be better soon.
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