| Latest Forum Topics / Straits Times Index |
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STI to cross 3000 boosted by long-term investors
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guards80
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10-Jan-2017 16:50
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STI 3000!!!!!!!!!!! |
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Goldfinger
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10-Jan-2017 15:43
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Golly - 2 more points to STI 3000. Common STI components - all together pull. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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WanSiTong
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10-Jan-2017 14:53
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European markets seen lower with fresh concerns over Italian banks Bourses in Europe should start Tuesday' s session moving south as concerns over the Italian banking system and the implementation of an OPEC deal continue to grow. Two Italian banks, Popolare di Vicenza and Veneto Banca, which were rescued last year, are to propose a deal with disgruntled shareholders that could cost the banks more than 600 million euros ($ 634 million). According to Reuters, the two banks are seen as The next big issue in the Italian banking system. Meanwhile, oil prices extended seen as U.S. trading on Monday as investors remain concerned that record crude exports from Iraq will affect the implementation of the OPEC deal to cut production. On Tuesday' s calendar will be the release of the World Bank Global Economic Prospects report. President Barack Obama is also giving a farewell address later in the day.   |
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Goldfinger
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10-Jan-2017 09:56
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STI 10pts more to 3000! Will we see by end today? -) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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WanSiTong
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10-Jan-2017 09:52
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ASX down 0.8%, Nikkei slips 0.3%, Kospi off 0.3% Asian markets started Tuesday on the back foot, after the Dow retreated further from the 20,000 mark and oil prices plunged as much as 4 percent overnight. On the economic data calendar, Australia will announce November retail sales, while China' s Consumer Price index and Producer Price index are due. " Inflation data from China could set the regional tone. Consumer prices are projected to show a modest slowing in growth rates, but the PPI is forecast to accelerate from 3.3 percent to 4.6 percent," said Michael McCarthy, chief market strategist at CMC Markets in A note on Tuesday. Crude prices dropped 4 percent on Monday during US hours, on concerns that record Iraqi crude exports and rising US production would undermine the Organization of Petroleum Exporting Countries recent deal to cut supply. In Iraq, oil exports from the southern Basra ports reached a record high Of 3.51 million barrels per day in December, Reuters reported. U.S. crude fell $ 2.03 at $ 51.96 a barrel, while Brent finished down $ 2.16 at $ 54.94.   Asian Indexes
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WanSiTong
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10-Jan-2017 09:08
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Stocks To Watch SGX, ISOTeam, CITIC Envirotech, F& N, CapitaLand, Yanlord, CEFC, Cheung Woh   |
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WanSiTong
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10-Jan-2017 08:24
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Oil down 4 percent on concerns over rising Iraqi exports, U.S. output NEW YORK (Reuters) - Oil prices tumbled by 4 percent on Monday on concern that record Iraqi crude exports and rising U.S. output would undermine OPEC' s efforts to curb global oversupply. US crude futures (CLc1) settled down $ 2.03 at $ 51.96 a barrel, while Brent futures (LCOc1) settled down $ 2.16 at $ 54.94 a barrel. In Iraq, OPEC' s second-biggest producer, oil exports from the southern Basra ports reached a record high of 3.51 million barrels per day (bpd) in December, the oil ministry said. OPEC members agreed in November on the first deal to cut oil output since 2008, limiting supplies to 32.5 million bpd starting Jan. 1 for six months. Iraq' s oil ministry underscored that the high levels from the south would not affect the country' s decision to cut January production to comply with the OPEC agreement. But some still concerned over the feasibility of the cuts, which would have to come from the north. " We have compliance with the Gulf countries, but the rest of the slate is looking a bit shaky," said Robert Yawger, director of the futures division at Mizuho Securities USA. " With the big numbers coming out of the southern port of Basra for December ... it' s implying that Iraq may be the first big crack in the wall of the OPEC agreement," he added. Sources also told Reuters that Iraq' s State Oil Marketing Company had given three buyers in Asia and Europe full supply allocations for February. The lower optimism comes even though Russia, one of the world' s largest crude producers, is apparently sticking with the agreement to cut. Russian energy market sources told Reuters the country' s output had fallen by 100,000 bpd in the first week of the month. Kuwait' s oil minister added on Monday that an OPEC committee will meet in Vienna on Jan. 21-22 to monitor compliance and agree on a " final monitoring mechanism." Last week, U.S. energy companies added oil rigs for a 10th week in a row, Baker Hughes data showed, with some forecast expecting the U.S. rig count will rise to 850-875 by the end of the year. Dealers say that the recent uptick in U.S. shale hedging to protect future output for 2018 and beyond could put more pressure into the market. They add that high inventories nationwide are still a hurdle for the market. " The price weakness ... calls attention to some bearish news that the market had been willing to ignore, such as the high level of (fourth quarter) supply still in transit to consumers and the uptrend in US drilling rigs and actual oil production, " Said Tim Evans, energy futures specialist at Citigroup, said in a note.   |
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WanSiTong
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10-Jan-2017 07:45
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  U.S. stocks closed mixed on Monday, with and utilities lagging, as investors geared up for the start of earnings season and digested falling oil prices. The Dow Jones industrial average fell about 75 points, with Goldman Sachs contributing the most losses. The S & P 500 slipped about 0.4 percent, with energy and utilities falling more than 1 percent. US oil prices dropped 3.76 percent to settle at $ 51.96 per barrel, amid US production worries. The three major indexes posted new all-time intraday highs on Friday, as the Dow came within a third of a point of hitting the psychological mark of 20,000. " Markets have been focused on his economic policies, ... but there has always been uncertainty," said Quincy Krosby, market strategist at Prudential Financial. " Market participants are trying to figure out which Trump they are going to get." " The concern that we would express is that there is a lot of excitement about these policies, but they have not been enacted yet," said Bill Northey, chief investment officer at the Private Client Group at U.S. Bank. However, Atlanta Federal Reserve President Dennis Lockhart said in a speech the central bank should step aside, as the economic crisis is " largely done." Lockhart is due to retire from his post in February. Separately, Boston Fed President Eric Rosengren said the US central bank should step up its pace of interest-rate increases from the once-a-year pattern it has pursued since 2015, warning of lung risks if it does not. " I expect that appropriate. Monetary policy will need to normalize more quickly than over the past year, " Rosengren said in prepared remarks. Overseas, European equities fell broadly, with the pan-European Stoxx 600 index sliding 0.5 percent as the banking sector shed around 2 percent. U.K. stocks bucked the trend, however, as the FTSE 100 rose 0.38 percent on the back of a falling pound. Read more....   |
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KaijuEddy
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09-Jan-2017 18:57
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I am bullish for STI in 2017. My STI chart is below: https://tradingsgstock.wordpress.com/2017/01/05/first-blog-post/     |
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WanSiTong
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09-Jan-2017 17:49
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Straits Times Index  2,981.54   0.64% +18.91 ▲  
Singapore shares close higher STI records fifth consecutive rise THE Straits Times Index advanced for the fifth consecutive trading session on Monday, gaining 18.91 points at 2,981.54, most likely in response to Friday' s US jobs report that raised the likelihood that Wall Street would enjoy a decent Monday itself, with hopes that the Dow Jones Industrial Average might close above 20,000 for the first time ever. That this might be the case was the signal from the futures market where the Dow futures traded in positive territory throughout local trading hours. At 5pm however, it had dipped marginally into the red. The STI' s rise takes its 5-day total to just over 100 points or 3.3 per cent. Overall volume, however, remained weak at 2.1 billion units worth S $ 881.2 million, versus S $ 1.14 billion on Friday. There were 265 rose versus 177 falls, Excluding warrants.   |
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WanSiTong
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09-Jan-2017 16:53
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Europe markets mostly lower euro zone data eyed FTSE rises as sterling falls European Indexes
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risktaker
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09-Jan-2017 11:04
Yells: "Posts are opinions. Do not take it as investment advise " |
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No one can stop the Super Bull :) We will charge up the market into 20k !! |
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risktaker
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09-Jan-2017 10:53
Yells: "Posts are opinions. Do not take it as investment advise " |
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Dow will hit 20k Tonight and STI will hit 3k This week !! Enjoy the rally - Super Huat Coming  |
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Goldfinger
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09-Jan-2017 09:48
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Less than 1% to that 3,000pts STI mark. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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WanSiTong
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09-Jan-2017 09:04
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Stocks To Watch SembMarine, Secura, GKE, KSH, Ascendas i-Trust, Cosco   |
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WanSiTong
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07-Jan-2017 08:25
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  Dow comes within a whisker of hitting 20,000 S & P, Nasdaq close at all-time highs as tech pops U.S. equities closed higher after hitting all-time highs on Friday as the technology sector led, while investors parsed through key employment data. The Dow Jones industrial average rose about 65 points, with Goldman Sachs and Walt Disney contributing the most gains, and reached a new all-time intraday high. The Dow also came within 0.37 points of hitting 20,000 for the first time. The S & P 500 gained 0.35 percent and posted intraday and closing record highs, with information technology advancing 1 percent. " The Dow has been approaching 20,000 for several weeks now. Strong jobs news, combined with optimism about the incoming administration' s policies is lifting stocks," said Kate Warne, investment strategist at Edward Jones. The U.S. economy added 156,000 jobs in December, according to data from the Bureau of Labor Statistics. Economists polled by Reuters expected an increase of 178,000. The unemployment rate came at at 4.7 percent, in line with expectations. " This report is very good," said Michael Arone, chief investment strategist at State Street Global Advisors. " The fantastic thing here is the jump in hourly wages." Average hourly wages rose 10 cents to $ 26, representing a 2.9 percent annualized gain. Other data released Friday included November factory orders, which fell 2.4 percent, more than expected. Read more ... |
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WanSiTong
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06-Jan-2017 17:33
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Straits Times Index  2,962.63  0.29%+8.49▲  
Singapore stocks finish firmer, STI rises for 4th straight day ONLINE investment guide Investopedia defines the " January effect" as a seasonal increase in stock prices during the month of January that often occurs at the start of each year. " Analysts generally attribute this rally to an increase in buying, which follows the drop in price that typically happens in December when investors, engaging in tax-loss harvesting to offset realised capital gains, prompt a sell-off," said Investopedia. " Another possible explanation is that investors use year-end cash bonuses to purchase investments the next month." Whatever the reasons for the phenomenon, the local stock market enjoyed its own version of the " January effect" this week when the Straits Times Index, which ended flat for 2016, burst into life during the first week of 2017, gaining a total of 81.87 Points or 2.8 per cent, including Friday' s 8.49 point rise. |
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WanSiTong
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06-Jan-2017 16:45
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European Indexes
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WanSiTong
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06-Jan-2017 16:44
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Asian Indexes
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risktaker
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06-Jan-2017 12:06
Yells: "Posts are opinions. Do not take it as investment advise " |
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only nikkei down .... all others is up what ... Asia = japan ??
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