Singapore Bourse May Run Out Of Steam On Thursday

RTTNews | 12日前
Singapore Bourse May Run Out Of Steam On Thursday

(RTTNews) - The Singapore stock market has moved higher in two straight sessions, advancing more than 35 points or 0.9 percent along the way. The Straits Times Index now sits just above the 3,910-point plateau although the rally may stall on Thursday.

The global forecast for the Asian markets is soft amid continued uncertainty over U.S. trade policies. The European and U.S. markets were down and the Asian bourses figure to open in similar fashion.

The STI finished modestly higher on Wednesday following gains from the financial shares and a mixed picture from the property sector.

For the day, the index gained 15.83 points or 0.41 percent to finish at 3,911.92 after trading between 3,901.29 and 3,919.03.

Among the actives, CapitaLand Investment sank 0.39 percent, while City Developments added 0.63 percent, Comfort DelGro stumbled 2.07 percent, DBS Group jumped 1.39 percent, DFI Retail plummeted 2.58 percent, Mapletree Industrial Trust gained 0.52 percent, Oversea-Chinese Banking Corporation collected 0.12 percent, SATS slumped 0.96 percent, Seatrium Limited rose 0.49 percent, SembCorp Industries retreated 1.04 percent, Singapore Technologies Engineering dropped 0.77 percent, SingTel fell 0.26 percent, Thai Beverage rallied 2.17 percent, Yangzijiang Shipbuilding gathered 0.48 percent and Emperador, Genting Singapore, Hongkong Land, Keppel DC REIT, Keppel Ltd, Mapletree Pan Asia Commercial Trust, Wilmar International, Yangzijiang Financial, CapitaLand Integrated Commercial Trust, Mapletree Logistics Trust and Frasers Logistics & Commercial Trust were unchanged.

The lead from Wall Street is soft as the major averages shook off a mildly positive open and headed south through the balance of the session, ending at daily lows.

The Dow dropped 244.95 points or 0.58 percent to finish at 42,098.70, while the NASDAQ sank 98.23 points or 0.51 percent to close at 19,100.94 and the S&P 500 slumped 32.99 points or 0.56 percent to end at 5,888.55.

The choppy trading came as traders seemed reluctant to make significant moves ahead of the release of earnings news from AI darling and market leader Nvidia (NVDA) after Wednesday's close.

The earnings news after the bell showed that Nvidia beat the street on earnings and revenue, possibly lending support to technology shares going forward.

Lingering uncertainty about President Donald Trump's trade policies also kept some traders on the sidelines following recent volatility.

Crude oil prices moved sharply higher on Wednesday on news that OPEC will establish output quotas for 2027. West Texas Intermediate crude for July delivery climbed $0.87 or 1.43 percent to $61.76 per barrel.

read more
Eurozone Investor Confidence Strongest In A Year: Sentix

Eurozone Investor Confidence Strongest In A Year: Sentix

Euro area investor morale rose to the highest level in a year in June, driven by the economic recovery in Germany, survey data from the behavioral research institute Sentix showed Tuesday. The investor sentiment index rose to +0.2 in June from -8.1 in May. This was the highest reading since June 2024 and remained well above economists' forecast of -6.0.
RTTNews | 2時1分前
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 Tuesday morning with investors looking for directional clues as they await the outcome of the U.S.-China trade negotiations.
RTTNews | 2時53分前
FTSE 100 Advances; Persimmon, Marks & Spencer Among Top Gainers

FTSE 100 Advances; Persimmon, Marks & Spencer Among Top Gainers

Despite data showing an increase in the nation's unemployment rate, U.K. stocks are up in positive territory a little past noon on Tuesday on selective buying amid some optimism over the ongoing U.S.-China trade talks in London.
RTTNews | 3時27分前
CAC 40 Down Marginally In Cautious Trade

CAC 40 Down Marginally In Cautious Trade

French stocks are largely subdued on Tuesday as investors refrain from making significant moves while awaiting the outcome of the ongoing trade talks between U.S. and Chinese officials in London.
RTTNews | 4時12分前
Sensex, Nifty End Choppy Session Narrowly Mixed

Sensex, Nifty End Choppy Session Narrowly Mixed

Indian shares fluctuated before ending little changed on Tuesday as investors waited for more details to emerge from the second day of ongoing U.S.-China trade negotiations in London.
RTTNews | 4時55分前
Yen Recovers Amid BoJ Rate Hike Speculation

Yen Recovers Amid BoJ Rate Hike Speculation

The Japanese yen recovered from early lows against other major currencies in the European session on Tuesday, as traders speculate that the Bank of Japan (BoJ) will hike interest rates this year.
RTTNews | 5時16分前
UK Jobless Rate Rises; Wage Growth Softens

UK Jobless Rate Rises; Wage Growth Softens

The UK unemployment rate rose slightly in the three months to April period and wage growth softened as the rise in social security contribution and the minimum wage started to weigh on the labor market activity. The ILO jobless rate rose to 4.6 percent in the three months to April, as expected, from 4.5 percent in the three months to March, data from the Office for National Statistics revealed T
RTTNews | 5時41分前