Singapore Bourse May Halt Losing Streak

RTTNews | 20小時43分鐘前

(RTTNews) - The Singapore stock market has moved lower in back-to-back sessions, slumping more than 15 points or 0.4 percent along the way. The Straits Times Index now sits just beneath the 4,340-point plateau although it may stop the bleeding on Tuesday.

The global forecast for the Asian markets is positive on an improving outlook for interest rates. The European and U.S. markets were up and the Asian bourses are expected to follow suit.

The STI finished slightly lower on Monday as the financial shares, property stocks and industrial issues were mixed.

For the day, the index slipped 5.82 points or 0.13 percent to finish at 4,338.42 after trading between 4,331.75 and 4,348.64.

Among the actives, CapitaLand Ascendas REIT gained 0.35 percent, while CapitaLand Integrated Commercial Trust and Seatrium Limited both skidded 0.43 percent, CapitaLand Investment dropped 0.36 percent, City Developments declined 0.59 percent, Comfort DelGro added 0.68 percent, DBS Group stumbled 0.75 percent, DFI Retail Group rose 0.30 percent, Genting Singapore slumped 0.66 percent, Hongkong Land surged 2.96 percent, Keppel DC REIT soared 2.12 percent, Keppel Ltd climbed 0.93 percent, Mapletree Pan Asia Commercial Trust advanced 0.70 percent, Mapletree Industrial Trust improved 0.93 percent, Oversea-Chinese Banking Corporation sank 0.18 percent, SATS spiked 1.23 percent, SembCorp Industries perked 0.16 percent, Singapore Technologies Engineering was up 0.25 percent, SingTel tanked 0.92 percent, United Overseas Bank fell 0.11 percent, UOL Group retreated 0.64 percent, Wilmar International tumbled 0.68 percent, Yangzijiang Financial collected 0.86 percent and Yangzijiang Shipbuilding, Mapletree Logistics Trust, Thai Beverage, Frasers Logistics & Commercial Trust and Frasers Centrepoint Trust were unchanged.

The lead from Wall Street is upbeat as the major averages opened higher on Monday and largely remained in the green throughout the trading day.

The Dow rose 49.23 points or 0.11 percent to finish at 45,883.45, while the NASDAQ jumped 207.65 points or 0.94 percent to end at a record 22,348.75 and the S&P 500 gained 30.99 points or 0.47 percent to close at 6,615.28, also a record.

The strength on Wall Street came following positive comments from President Donald Trump about trade talks between top U.S. and Chinese officials in Europe.

Traders also continued to look ahead to the Federal Reserve's monetary policy announcement on Wednesday. With recent data showing relatively subdued inflation and a weakening labor market, the Fed is widely expected to lower interest rates by at least a quarter-point.

Traders are likely to pay close attention to the Fed's accompanying statement as well as Fed Chair Jerome Powell's post-meeting comments for clues about the likelihood of further rate cuts.

Crude oil moved sharply higher on Monday amid brewing Middle East tensions and the heightening Russia-Ukraine war even as softening demand concerns surface. West Texas Intermediate crude for October delivery was up $0.58 or 0.93 percent at $63.27 per barrel.

Swiss Market Ends On Weak Note

The Switzerland market closed notably lower on Tuesday, in line with most of the major markets across Europe, as the mood remained cautious ahead of monetary policy announcements from the Federal Reserve and the Bank of England, due on Wednesday and Thursday, respectively.

RTTNews | 2小時14分鐘前

European Markets Close On Weak Note Ahead Of Fed, BoE Policy Decisions

European markets closed notably lower on Tuesday as investors, digesting a slew of economic data from the region, remained reluctant to pick up stocks ahead of Federal Reserve's interest rate decision due on Wednesday.

RTTNews | 2小時29分鐘前

U.S. Business Inventories Rise 0.2% In July, In Line With Estimates

The Commerce Department released a report on Tuesday showing business inventories in the U.S. increased in line with expectations in the month of July. The report said business inventories rose by 0.2 percent in July, matching the increase seen June as well as economist estimates.

RTTNews | 3小時30分鐘前

U.S. Homebuilder Confidence Holds Steady In September

Homebuilder confidence in the U.S. held steady in the month of September, according to a report released by the National Association of Home Builders on Tuesday. The report said the NAHB/Wells Fargo Housing Market Index came in at 32 in September, unchanged from August. Economists had expected the index to inch up to 33.

RTTNews | 3小時58分鐘前

U.S. Industrial Production Unexpectedly Inches Slightly Higher In August

Industrial production in the U.S. unexpectedly edged slightly higher in the month of August, according to a report released by the Federal Reserve on Tuesday. The Fed said industrial production crept up by 0.1 percent in August after falling by a downwardly revised 0.4 percent in July. Economists had expected industrial production to slip by 0.1 percent.

RTTNews | 4小時15分鐘前

U.S. Import Prices Unexpectedly Increase In August

A report released by the Labor Department on Tuesday showed import prices in the U.S. unexpectedly increased in the month of August. The Labor Department said import prices rose by 0.3 percent in August after inching up by a downwardly revised 0.2 percent in July. Economists had expected import prices to edge down by 0.1 percent.

RTTNews | 4小時31分鐘前

Canadian Market Drifts Lower In Cautious Trade

The Canadian market is down in negative territory Tuesday morning, as data showing an increase in the nation's consumer price inflation dimmed the extent of rate cuts this year although the Canadian central bank is widely expected to lower interest rate by 25 basis points on Wednesday.

RTTNews | 4小時57分鐘前

U.S. Retail Sales Climb 0.6% In August, Much More Than Expected

The Commerce Department released a report on Tuesday showing retail sales in the U.S. rose by much more than expected in the month of August. The report said retail sales climbed by 0.6 percent in August, matching an upwardly revised increase in July. Economists had expected retail sales to inch up by 0.2 percent compared to the 0.5 percent growth originally reported for the previous month.

RTTNews | 5小時58分鐘前

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