Singapore Bourse Poised To Extend Winning Streak

RTTNews | Před 23 h 50 min

(RTTNews) - The Singapore stock market has climbed higher in four straight sessions, collecting almost 40 points or 1 percent along the way. The Straits Times Index now sits just beneath the 3,935-point plateau and it may extend its gains on Monday.

The global forecast for the Asian markets is positive, thanks to upbeat employment data out of the United States. The European markets were mixed and the U.S. bourses were sharply higher and the Asian bourses figure to follow the latter lead.

The STI finished modestly higher on Friday following gains from the financial shares, property stocks and industrial issues.

For the day, the index picked up 16.60 points or 0.42 percent to finish at the daily high of 3,934.29 after moving as low as 3,914.07.

Among the actives, CapitaLand Integrated Commercial Trust rallied 1.44 percent, while CapitaLand Investment advanced 0.79 percent, City Developments accelerated 1.74 percent, DBS Group rose 0.22 percent, Genting Singapore dropped 0.70 percent, Hongkong Land jumped 1.30 percent, Keppel DC REIT spiked 2.28 percent, Keppel Ltd soared 2.58 percent, Mapletree Pan Asia Commercial Trust climbed 0.85 percent, Oversea-Chinese Banking Corporation gained 0.31 percent, Seatrium Limited increased 0.48 percent, SembCorp Industries surged 3.01 percent, Singapore Technologies Engineering dipped 0.13 percent, SingTel improved 0.78 percent, Thai Beverage strengthened 1.08 percent, Wilmar International added 0.33 percent, Yangzijiang Financial collected 0.69 percent, Yangzijiang Shipbuilding slumped 0.87 percent and Mapletree Industrial Trust, Mapletree Logistics Trust, DFI Retail Group, Frasers Centrepoint Trust, Comfort DelGro, SATS and CapitaLand Ascendas REIT were unchanged.

The lead from Wall Street is firm as the major averages opened higher on Friday and remained in the green throughout the trading day, ending near session highs.

The Dow surged 443.13 points or 1.05 percent to finish at 42,762.87, while the NASDAQ rallied 231.50 points or 1.20 percent to close at 19,529.95 and the S&P 500 gained 61.06 points or 1.03 percent to end at 6,000.36.

The rally on Wall Street followed the release of the closely watched Labor Department report showing slightly stronger than expected U.S. job growth in May.

The Labor Department said non-farm payroll employment shot up by 139,000 jobs in May after jumping by a downwardly revised 147,000 jobs in April. Economists had expected employment to increase by about 130,000 jobs.

The modestly bigger than expected increase in employment helped offset concerns about the strength of the economy following some recent downbeat data.

Crude oil prices move higher on Friday in response to the better-than-expected jobs data. West Texas Intermediate crude for July delivery was up $1.21 to $64.58 per barrel; it was up 6 percent for the week.

Closer to home, Singapore will provide Q1 numbers for unemployment later today, with forecasts pinning the jobless rate at 2.1 percent - up from 1.9 percent in the previous quarter.

Malaysia Shares Likely To Remain Rangebound

The Malaysia stock market ticked higher again on Monday, one session after snapping the two-day winning streak in which it had gained almost 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,520-point plateau and it's expected to remain in that neighborhood again on Tuesday. The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference. The KLCI finished slightly higher on Monday following gains from the plantation stocks and mixed performances from the financials and telecoms. For the day, the index perked 2.62 points or 0.17 percent to finish at 1,519.41 after trading between 1,518.03 and 1,521.64. Among the actives, 99 Speed Mart Retail rose 0.48 percent, while Axiata increased 0.50 percent, Celcomdigi shed 0.52 percent, CIMB Group advanced 0.73 percent, Gamuda stumbled 1.47 percent, Hong Leong Financial eased 0.12 percent, IHH Healthcare added 0.58 percent, IOI Corporation perked 0.27 percent, Maxis slumped 0.83 percent, Maybank dipped 0.21 percent, MISC spiked 1.32 percent, Nestle Malaysia tumbled 1.79 percent, Petronas Chemicals soared 3.08 percent, Petronas Dagangan retreated 1.71 percent, Petronas Gas fell 0.22 percent, PPB Group rallied 1.10 percent, Press Metal climbed 0.81 percent, QL Resources surged 3.66 percent, RHB Bank collected 0.16 percent, Sime Darby sank 0.56 percent, SD Guthrie gathered 0.44 percent, Sunway improved 0.62 percent, Telekom Malaysia dropped 0.61 percent, Tenaga Nasional gained 0.56 percent, YTL Corporation declined 1.46 percent, YTL Power lost 0.28 percent and Kuala Lumpur Kepong, MRDIY and Public Bank were unchanged.

RTTNews | Před 20 minutami

Japan Bourse May Spin Its Wheels On Tuesday

The Japan stock market has finished higher in two straight sessions, climbing more than 530 points or 1.7 percent along the way. The Nikkei 225 now sits just beneath the 38,090-point plateau although it may be stuck in neutral on Tuesday. The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference. The Nikkei finished modestly higher on Monday following gains from the financial shares and technology stocks, while the automobile producers were mixed. For the day, the index advanced 346.96 points or 0.92 percent to finish at 38,088.57 after trading between 38,018.22 and 38,178.01. Among the actives, Nissan Motor retreated 1.28 percent, while Mazda Motor advanced 0.96 percent, Toyota Motor shed 0.45 percent, Honda Motor eased 0.14 percent, Softbank Group soared 4.98 percent, Mitsubishi UFJ Financial and Sumitomo Mitsui Financial both climbed 1.02 percent, Mizuho Financial collected 2.13 percent, Mitsubishi Electric rallied 3.13 percent, Panasonic Holdings tumbled 1.95 percent, Hitachi accelerated 2.29 percent and Sony Group was unchanged. The lead from Wall Street is pedestrian as the major averages opened lower on Monday, moved into the green by midday but faded going into the close to end mixed and little changed.

RTTNews | Před 35 minutami

Rally May Stall For South Korea Stock Market

The South Korea stock market has finished higher in four straight sessions, collecting more than 160 points or 5.8 percent along the way. The KOSPI now rests just above the 2,855-point plateau although investors may lock in gains on Tuesday. The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference. The KOSPI finished sharply higher on Monday following gains from the financial shares, technology stocks and automobile producers. For the day, the index jumped 43.72 points or 1.55 percent to finish at 2,855.77 after trading between 2,841.39 and 2,867.27. Volume was 528.24 million shares worth 13.61 trillion won. There were 700 gainers and 200 decliners. Among the actives, Shinhan Financial collected 2.03 percent, while KB Financial rallied 4.14 percent, Hana Financial soared 5.58 percent, Samsung Electronics climbed 1.18 percent, Samsung SDI stumbled 2.01 percent, LG Electronics added 0.69 percent, SK Hynix jumped 2.00 percent, Naver improved 3.82 percent, Lotte Chemical advanced 0.82 percent, SK Innovation strengthened 1.30 percent, POSCO Holdings rose 0.39 percent, SK Telecom increased 0.95 percent, KEPCO surged 4.09 percent, Hyundai Mobis skyrocketed 10.04 percent, Hyundai Motor accelerated 4.32 percent, Kia Motors spiked 2.36 percent and LG Chem was unchanged.

RTTNews | Před 50 minutami

Australia Business Confidence Data Due On Tuesday

Australia will on Tuesday see May results for the indexes of business confidence and business conditions, highlighting a light day for Asia-Pacific economic activity. In April, their scores were -1 and +2, respectively.

RTTNews | Před 1 h 50 min

Canadian Dollar Higher As US-China Trade Talks Lift Sentiment

The Canadian dollar was higher against its most major counterparts in the New York session on Monday, as investors awaited outcome of trade talks between the US and China that kicked off in London.

RTTNews | Před 2 h 55 min

Canadian Market Up Marginally In Cautious Trade

After a flat start and a subsequent drop to lower levels, the Canadian market emerged into positive territory about an hour past noon on Monday, but remains somewhat subdued with investors seeming reluctant to make significant moves. The mood is cautious as investors await U.S. - China trade talks in London.

RTTNews | Před 5 h 26 min

European Stocks Close Weak After Cautious Session

European markets settled lower on Monday after a subdued performance as investors awaited the outcome of U.S.-China high-level trade talks in London. Also, a lack of regional economic data and earnings news contributed to the cautious mood in the markets.

RTTNews | Před 5 h 54 min

FDA, CDC Probe Salmonella Outbreak As Around 1.70 Mln Dozen Brown Eggs Recalled

The U.S. Food and Drug Administration and the Centers for Disease Control and Prevention or CDC are investigating a Salmonella Enteritidis outbreak linked to brown eggs that sickened nearly 79 across 7 states. Associated with the ongoing probe, August Egg Co. recalled around 1.70 million dozen brown cage-free and brown certified organic eggs sold through Walmart and other retail locations.

RTTNews | Před 9 h 40 min

EURUSD	1.14267	GBPUSD	1.35558	AUDUSD	0.65173
USDJPY	144.562	USDCAD	1.3696	USDCHF	0.82128

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Singapore Bourse Poised To Extend Winning Streak