Mild Upside Predicted For Singapore Stock Market

RTTNews | Před 8 dny
Mild Upside Predicted For Singapore Stock Market

(RTTNews) - The Singapore stock market has moved lower in back-to-back sessions, slipping more than 25 points or 0.6 percent along the way. The Straits Times Index now sits just above the 3,890-point plateau and it's expected to open to the upside on Tuesday.

The global forecast for the Asian markets is cautiously optimistic on optimism over the outlook for interest rates. The European markets were slightly lower and the U.S. bourses were slightly higher and the Asian markets are tipped to follow the latter lead.

The STI finished slightly lower on Monday following weakness from the trusts and mixed performances from the financial shares, property stocks and industrial issues.

For the day, the index dipped 4.02 points or 0.10 percent to finish at 3,890.59 after trading between 3,871.54 and 3,905.94.

Among the actives, CapitaLand Ascendas REIT tanked 1.51 percent, while CapitaLand Investment declined 0.79 percent, City Developments tumbled 1.24 percent, Comfort DelGro skidded 0.70 percent, DBS Group collected 0.31 percent, Genting Singapore slumped 0.72 percent, Hongkong Land rallied 2.32 percent, Keppel DC REIT sank 0.46 percent, Keppel Ltd added 0.44 percent, Mapletree Industrial Trust retreated 1.04 percent, Mapletree Logistics Trust plunged 1.80 percent, SATS stumbled 1.29 percent, Seatrium Limited plummeted 2.44 percent, SembCorp Industries dropped 0.60 percent, Singapore Technologies Engineering eased 0.13 percent, SingTel dipped 0.26 percent, UOL Group rose 0.18 percent, Wilmar International fell 0.33 percent and Yangzijiang Financial, Yangzijiang Shipbuilding, CapitaLand Integrated Commercial Trust, Thai Beverage, Mapletree Pan Asia Commercial Trust, Oversea-Chinese Banking Corporation and Frasers Centrepoint Trust were unchanged.

The lead from Wall Street is mildly positive as the major averages spent most of Monday in the red before a late rally nudged them over the unchanged line.

The Dow added 35.41 points or 0.08 percent to finish at 42,305.48, while the NASDAQ gained 128.85 points or 0.67 percent to close at 19,242.61 and the S&P 500 rose 24.25 points or 0.41 percent to end at 5,935.94.

The early weakness on Wall Street reflected renewed trade concerns amid further signs of rising tensions between the U.S. and China.

China on Monday pushed back against President Donald Trump's claims that it had broken the Geneva trade agreement, accusing the U.S. of violating the deal with increased tech export restrictions and the revocation of Chinese student visas.

However, selling pressure waned following the release of a report from the Institute for Supply Management showing U.S. manufacturing activity unexpectedly weakened in May. The report generated some optimism about the outlook for interest rates amid signs of U.S. economic weakness due to Trump's trade war.

Crude oil futures moved sharply higher on Monday, amid escalating geopolitical tensions and reports of more U.S. sanctions on Moscow. West Texas Intermediate crude for June delivery shot up $1.73 or 2.9 percent to $62.52 a barrel.

read more
U.S. Consumer Prices Inch Up 0.1% In May, Slightly Less Than Expected

U.S. Consumer Prices Inch Up 0.1% In May, Slightly Less Than Expected

A closely watched report released by the Labor Department on Wednesday showed a slight increase by consumer prices in the U.S. in the month of May. The Labor Department said its consumer price index inched up by 0.1 percent in May after rising by 0.2 percent in April. Economists had expected another 0.2 percent increase.
RTTNews | Před 1 h 4 min
Bay Street Seen Opening On Mixed Note

Bay Street Seen Opening On Mixed Note

It's likely to be a mixed start for Canadian shares on Wednesday with investors reacting to the crucial U.S. consumer price inflation data, and the developments on the trade front where U.S. and Chinese official reached a framework to implement the Geneva consensus following two days of discussions in London.
RTTNews | Před 1 h 51 min
CAC 40 Drifts Lower In Cautious Trade

CAC 40 Drifts Lower In Cautious Trade

The French market is down in negative territory Wednesday afternoon, with stocks moving in a narrow range as investors await further details on U.S.-China trade talks, and the crucial inflation data from the U.S. later in the day.
RTTNews | Před 3 h 0 min
Euro Rises Amid Risk-on Mood

Euro Rises Amid Risk-on Mood

The euro strengthened against other major currencies in the European session on Wednesday amid increased risk-on mood, as investors monitored the latest updates from Sino-U.S. talks and awaited crucial U.S. inflation data for direction. After two days of discussions in London, U.S. and Chinese officials have agreed on a limited framework to put their trade truce back on track.
RTTNews | Před 4 h 6 min
Euro Rises Against Majors

Euro Rises Against Majors

The euro strengthened against other major currencies in the European session on Wednesday.
RTTNews | Před 4 h 15 min
Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Indian shares eked out modest gains on Wednesday as markets assessed the outcome of high-level U.S.-China talks and awaited key U.S. inflation readings for additional clues on the Federal Reserve's rate trajectory.
RTTNews | Před 4 h 17 min