Singapore Stock Market Tipped To Open In The Green

RTTNews | 1024天前

(RTTNews) - The Singapore stock market rebounded on Friday, one day after ending the seven-day winning streak in which it had surged more than 170 points or 5.7 percent. The Straits Times Index now rests just above the 3,130-point plateau and it's likely to open higher again on Monday.

The global forecast for the Asian markets is upbeat following stronger than expected employment data from the United States. The European and U.S. markets were solidly higher and the Asian bourses are tipped to follow suit.

The STI finished modestly higher on Friday following gains from the financials, properties and industrials.

For the day, the index advanced 27.60 points or 0.89 percent to finish at 3,130.11 after trading between 3,098.72 and 3,134.30. Volume was 1.65 billion shares worth 1.26 billion Singapore dollars. There were 347 gainers and 218 decliners.

Among the actives, CapitaLand Integrated Commercial Trust gained 0.54 percent, while CapitaLand Investment skyrocketed 5.59 percent, City Developments rallied 1.43 percent, DBS Group and Yangzijiang Shipbuilding both increased 0.79 percent, Emperador climbed 1.05 percent, Genting Singapore added 0.62 percent, Hongkong Land spiked 2.21 percent, Keppel Corp strengthened 1.14 percent, Mapletree Pan Asia Commercial Trust lost 0.64 percent, Mapletree Industrial Trust improved 0.93 percent, Oversea-Chinese Banking Corporation collected 0.75 percent, SATS sank 0.74 percent, SembCorp Industries surged 3.70 percent, Singapore Technologies Engineering fell 0.30 percent, SingTel rose 0.40 percent, Thai Beverage accelerated 1.75 percent, United Overseas Bank jumped 1.36 percent, Wilmar International advanced 1.02 percent, Yangzijiang Financial and DFI Retail both soared 3.08 percent and Ascendas REIT, Comfort DelGro and Mapletree Logistics Trust were unchanged.

The lead from Wall Street is upbeat as the major averages opened sharply higher on Friday, faded midday but bounced higher again late in the session.

The Dow surged 402.02 points or 1.26 percent to finish at 32,403.22, while the NASDAQ jumped 132.35 points or 1.28 percent to close at 10,475.25 and the S&P 500 climbed 50.66 points or 1.36 percent to end at 3,770.55.

For the week, the NASDAQ plummeted 5.7 percent, the S&P tumbled 3.4 percent and the Dow dropped 1.4 percent.

The volatility followed the release of the Labor Department's closely watched monthly employment report for October.

The report showed non-farm payroll employment jumped by 261,000 jobs in October after surging by an upwardly revised 315,000 jobs in September.

The report generated a mixed reaction among traders, creating uncertainty about the outlook for future interest rate hikes.

Crude oil prices climbed higher Friday amid easing concerns about the outlook for energy demand. A weak dollar and fears of a ban by the European Union on Russian oil also supported crude oil prices. West Texas Intermediate Crude oil futures for December ended higher by $4.44 or 5 percent at $92.61 a barrel.

Singapore Stock Market Expected To Open In The Green

The Singapore stock market on Tuesday snapped the five-day winning streak in which it had climbed almost 70 points or 1.6 percent. The Straits Times Index now sits just above the 4,240-point plateau although it may move back above water on Wednesday.

RTTNews | 22分鐘前

Malaysia Stock Market Expected To Open To The Upside On Wednesday

The Malaysia stock market on Tuesday wrote a finish to the three-day winning streak in which it had collected almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,580-point plateau although it's likely to rebound on Wednesday.

RTTNews | 52分鐘前

Japan Stock Market May See Renewed Support

The Japan stock market on Tuesday halted the two-day winning streak in which it had advanced almost 200 points or 0.5 percent. The Nikkei 225 now rests just beneath the 42,400-point plateau although it's expected to open in the green on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead. The Nikkei finished sharply lower on Tuesday following losses from the financial shares, technology stocks and automobile producers. For the day, the index slumped 413.42 points or 0.97 percent to finish at 42,394.40 after trading between 42,137.62 and 42,703.27. Among the actives, Nissan Motor plummeted 6.25 percent, while Mazda Motor added 0.40 percent, Toyota Motor retreated 1.41 percent, Honda Motor tumbled 1.71 percent, Softbank Group dropped 0.91 percent, Mitsubishi UFJ Financial sank 0.72 percent, Mizuho Financial shed 0.45 percent, Sumitomo Mitsui Financial skidded 1.01 percent, Mitsubishi Electric tumbled 1.91 percent, Sony Group declined 1.87 percent, Panasonic Holdings slumped 1.11 percent and Hitachi contracted 1.63 percent.

RTTNews | 1小時7分鐘前

Rebound Tipped For South Korea Stock Market

The South Korea stock market on Tuesday ended the three-day winning streak in which it had improved almost 80 points or 2.6 percent. The KOSPI now sits just shy of the 3,180-point plateau although it may reverse those losses on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.

RTTNews | 1小時22分鐘前

Australia Construction Work Data Due On Wednesday

Australia will on Wednesday see Q2 numbers for construction work done, highlighting a light day for Asia-Pacific economic activity.

RTTNews | 2小時22分鐘前

U.S. Dollar Falls Against Majors

The U.S. dollar dropped against its major counterparts in the New York session on Tuesday.

RTTNews | 3小時35分鐘前

TSX Modestly Higher As Financials, Mining Stocks Move Up

Despite concerns about global trade, and political uncertainty in Europe, the Canadian market is modestly higher Tuesday afternoon, supported by gains in materials, industrials and financials sectors.

RTTNews | 5小時57分鐘前

Swiss Market Settles Weak

After opening with a big negative gap Tuesday morning, the Swiss market gradually recovered some lost ground, and even managed a brief spell in positive territory midway through the session, but failed to sustain momentum and finally ended the day's session in the red.

RTTNews | 6小時14分鐘前

EURUSD	1.16401	GBPUSD	1.34763	AUDUSD	0.64943
USDJPY	147.484	USDCAD	1.38313	USDCHF	0.80384