Singapore Stock Market May Be Stuck In Neutral On Thursday

RTTNews | Před 868 dny
Singapore Stock Market May Be Stuck In Neutral On Thursday

(RTTNews) - The Singapore stock market has tracked higher in two straight sessions, advancing more than 75 points or 2.2 percent along the way. The Straits Times Index now rests just above the 3,350-point plateau although the rally may stall on Thursday.

The global forecast for the Asian markets suggests little movement amid a lack of catalysts with some markets still on holiday. The European and U.S. markets were mixed and little changed and the Asian bourses figure to follow that lead.

The STI finished sharply higher on Wednesday following gains from the financials, properties and REITs.

For the day, the index jumped 59.06 points or 1.79 percent to finish at 3,352.77 after trading between 3,318.76 and 3,355.87.

Among the actives, Ascendas REIT jumped 2.50 percent, while CapitaLand Integrated Commercial Trust gathered 1.44 percent, CapitaLand Investment strengthened 2.30 percent, City Developments was up 0.75 percent, Comfort DelGro rallied 2.59 percent, DBS Group spiked 2.78 percent, Emperador perked 0.98 percent, Genting Singapore climbed 2.02 percent, Keppel Corp and SingTel both increased 1.63 percent, Keppel DC REIT skyrocketed 3.63 percent, Mapletree Pan Asia Commercial Trust advanced 1.68 percent, Mapletree Industrial Trust accelerated 2.60 percent, Mapletree Logistics Trust surged 3.05 percent, Oversea-Chinese Banking Corporation collected 1.50 percent, SATS rose 1.02 percent, SembCorp Industries was up 0.29 percent, Singapore Technologies Engineering soared 2.85 percent, Thai Beverage added 1.42 percent, United Overseas Bank improved 1.73 percent, Wilmar International gained 1.23 percent, Yangzijiang Shipbuilding advanced 0.81 percent and Hongkong Land and Yangzijiang Financial were unchanged.

The lead from Wall Street is murky as the major averages opened sharply lower on Wednesday but improved as the day progressed, eventually finishing mixed and little changed.

The Dow rose 9.88 points or 0.03 percent to finish at 33,743.84, while the NASDAQ dipped 20.91 points or 0.18 percent to close at 11,313.36 and the S&P 500 eased 0.73 points or 0.02 percent to end at 4,016.22.

The early sell-off on Wall Street reflected a negative reaction to disappointing earnings news from some big-name companies like software giant Microsoft (MSFT) and aerospace giant Boeing (BA).

With gold for February delivery climbing $7.20 to $1,942.60 an ounce, the NYSE Arca Gold Bugs Index jumped by 1.9 percent to a seven-month closing high.

Banking, airline and steel stocks also showed strong moves to the upside, contributing to the recovery by the broader markets.

Crude oil futures rose slightly higher Wednesday, with traders reacting to reports that a diesel refinery in Louisiana was shut after a fire on Saturday. The disruption is expected to last at least a month. West Texas Intermediate Crude oil futures for March settled at $80.15 a barrel, up just 2 cents from the previous close.

Closer to home, Singapore will provide December data for industrial production later today, with forecasts suggesting a decline of 1.1 percent on month and 6.9 percent on year. That follows the 1.2 percent monthly decline and the 3.2 percent yearly drop in November.

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

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

After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May. The Labor Department said its producer price index for final demand inched up by 0.1 percent after slipping by a revised 0.2 percent in April.
RTTNews | Před 2 h 25 min
U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High

U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High

The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits came in flat in the week ended June 7th. The report said initial jobless claims in at 248,000, unchanged from the previous week's revised level. Economists had expected jobless claims to dip to 240,000 from the 247,000 originally reported for the previous week.
RTTNews | Před 2 h 28 min
Bay Street Likely To Open On Negative Note

Bay Street Likely To Open On Negative Note

Canadian shares are likely to open with a negative bias on Thursday as trade concerns, and Middle East tensions may weigh on sentiment. A lack of specifics in the framework agreed to by U.S. and Chinese officials on Tuesday has raised uncertainty about the two nations reaching an agreement anytime soon.
RTTNews | Před 3 h 12 min
U.S. Producer Prices Inch Up Less Than Expected In May

U.S. Producer Prices Inch Up Less Than Expected In May

After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May.
RTTNews | Před 3 h 38 min
Boeing Shares Hit After 787-8 Dreamliner With 242 Onboard Crashes In India

Boeing Shares Hit After 787-8 Dreamliner With 242 Onboard Crashes In India

Boeing Co. shares are currently down around 8 percent in the pre-market activity on the NYSE after an Air India aircraft headed to London with 242 people onboard crashed immediately after take-off in the Indian city of Ahmedabad. The plane, a Boeing 787-8 Dreamliner headed to Gatwick Airport in the UK, crashed in a civilian area near the Sardar Vallabhbhai Patel International Airport.
RTTNews | Před 3 h 57 min
FTSE 100 Recovers After Weak Start, Up Marginally

FTSE 100 Recovers After Weak Start, Up Marginally

After opening on a negative note amid trade tensions and data showing a contraction in the nation's GDP growth in April, U.K. stocks recovered some lost ground on Thursday. Still, amid uncertainty about China and the U.S. agreeing on a concrete trade deal anytime soon, and lingering concerns about the European Union finalizing a trade deal before the July 8 deadline, the mood in the market remain
RTTNews | Před 4 h 7 min
GameStop Shares Plunge After Plan To Raise $1.75 Bln

GameStop Shares Plunge After Plan To Raise $1.75 Bln

Shares of GameStop Corp. plunged around 11 percent in the extended trading on Wednesday and are currently trading 13 percent lower in the pre-market activity on the NYSE, after the company announced plan to raise $1.75 billion again in private offering, probably for Bitcoin purchase. GameStop's shares had declined sharply in March after the firm announced a $1.3 billion private offering.
RTTNews | Před 5 h 8 min