Losing Streak May Continue For Singapore Stock Market

RTTNews | 662 दिनों पहले
Losing Streak May Continue For Singapore Stock Market

(RTTNews) - The Singapore stock market has moved lower in four straight sessions, sinking almost 80 points or 2.6 percent along the way. The Straits Times Index now rests just above the 3,290-point plateau and it's looking at another soft start again on Monday.

The global forecast for the Asian markets is murky after inconsistent U.S. employment data. The European markets were up and the U.S. bourses were down and the Asian markets figure to split the difference.

The STI finished modestly lower on Friday as losses from the properties and plantations were mitigated by support from the financial sector.

For the day, the index shed 11.67 points or 0.35 percent to finish at 3,292.39 after trading between 3,287.33 and 3,304.57.

Among the actives, Ascendas REIT tumbled 1.81 percent, while CapitaLand Integrated Commercial Trust retreated 1.00 percent, CapitaLand Investment lost 0.60 percent, City Developments and Keppel Corp both dropped 0.69 percent, Comfort DelGro slumped 0.79 percent, DBS Group spiked 1.45 percent, Genting Singapore fell 0.54 percent, Hongkong Land stumbled 1.67 percent, Mapletree Pan Asia Commercial Trust sank 0.62 percent, Mapletree Logistics Trust shed 0.61 percent, Oversea-Chinese Banking Corporation skidded 0.77 percent, Seatrium Limited advanced 0.75 percent, Singapore Technologies Engineering rose 0.27 percent, SingTel rallied 1.24 percent, Thai Beverage declined 0.83 percent, Wilmar International eased 0.26 percent, Yangzijiang Financial skyrocketed 7.46 percent, Yangzijiang Shipbuilding surged 1.94 percent and SembCorp Industries, Mapletree Industrial Trust, SATS, Emperador and Frasers Logistics were unchanged.

The lead from Wall Street is soft as the major averages opened higher on Friday and spent most of the day in the green before late selling pressure saw them finish slightly under water.

The Dow dropped 150.28 points or 0.43 percent to finish at 35,0.65.62, while the NASDAQ lost 50.46 points or 0.36 percent to close at 13,909.24 and the S&P 500 sank 23.86 points or 0.53 percent to end at 4,478.03.

For the week, the Dow slumped 1.1 percent, the S&P 500 tumbled 2.3 percent and the NASDAQ plunged 2.9 percent.

The volatility on Wall Street came after the Labor Department released a report showing that employment in the U.S. increased less than expected in July, although the jobless rate surprisingly ticked lower.

Following the mixed report, most economists still expect another pause in interest rate hikes by the Federal Reserve next month, although the data has led to some uncertainty about the outlook for rates beyond that.

Crude oil prices climbed higher Friday, extending recent gains amid tightening supply issues after Saudi Arabia and Russia pledged to cut output through next month. West Texas Intermediate Crude oil futures for September ended higher by $1.27 at $82.82 a barrel.

read more
Wall Street Likely To Open On Negative Note

Wall Street Likely To Open On Negative Note

Lower U.S. futures and uncertainty surrounding Trump administration's tariff moves point to a flat start for stocks on Wall Street on Friday. Investors will also be digesting some crucial economic data, including reports on U.S. consumer confidence, Chicago PMI reading, and personal income & spending reports.
RTTNews | 41 मिनटों पहले
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Friday morning with investors reacting to a slew of economic data, and assessing the likely move of Trump administration with regard to tariffs.
RTTNews | 1घंटे 4 मिनट पहले
FTSE 100 Rises 0.7%

FTSE 100 Rises 0.7%

UK stocks are up in positive territory a little past noon on Friday, remaining firm after a steady start. Despite concerns about inflation and uncertainty about tariffs, investors are picking up stocks amid cautious optimism about growth.
RTTNews | 1घंटे 59 मिनट पहले
CAC 40 Modestly Higher In Cautious Trade

CAC 40 Modestly Higher In Cautious Trade

After a slightly weak start, the French market has moved higher on Friday with investors picking up stocks amid hopes the European Central Bank will lower interest rates at its ensuing meeting. The U.S. federal court's ruling against President Donald Trump's sweeping tariff moves on its trading partners had added to uncertainty on the trade front, rendering the mood a bit cautious.
RTTNews | 2घंटे 30 मिनट पहले
DAX Up 0.8% On Selective Buying As Markets Await Clarity On Tariffs

DAX Up 0.8% On Selective Buying As Markets Await Clarity On Tariffs

German stocks are gaining notably ground in positive territory on Friday despite data showing a drop in the nation's retail sales in the month of April, and amid uncertainty about Trump administration's tariff moves after U.S. court rulings against the levies proposed by the U.S. President.
RTTNews | 2घंटे 59 मिनट पहले
Sensex, Nifty End Modestly Lower Due To Tariff Uncertainty

Sensex, Nifty End Modestly Lower Due To Tariff Uncertainty

Indian shares ended modestly lower on Friday due to uncertainty surrounding a court battle about U.S. President Donald Trump's tariffs and rising concerns about U.S. economic stability.
RTTNews | 3घंटे 0 मिनट पहले
Yen Rises On Strong Tokyo Core Inflation Data

Yen Rises On Strong Tokyo Core Inflation Data

The Japanese yen strengthened against other major currencies in the Asian session on Friday, as Tokyo's core inflation data came in stronger than expected, increasing the chances of the Bank of Japan's (BoJ) 25 basis point rate hike in July.
RTTNews | 3घंटे 24 मिनट पहले