Singapore Stock Market May Run Out Of Steam On Wednesday

RTTNews | 1064日前
Singapore Stock Market May Run Out Of Steam On Wednesday

(RTTNews) - The Singapore stock market has climbed higher in three straight sessions, gathering almost 45 points or 1.4 percent along the way. The Straits Times Index now rests just above the 3,145-point plateau although investors figure to cash in on Wednesday.

The global forecast for the Asian markets suggests consolidation on renewed fears for the economy in the face of a Caovid-19 resurgence. The European markets were up and the U.S. bourses were down and the Asian markets are tipped to follow the latter lead.

The STI finished modestly higher on Tuesday as gains from the financials were limited by weakness from the property sector.

For the day, the index improved 14.51 points or 0.46 percent to finish at 3,145.77 after trading between 3,129.90 and 3,147.73. Volume was 994.5 million shares worth 893.2 million Singapore dollars. There were 281 decliners and 210 gainers.

Among the actives, Ascendas REIT tumbled 1.03 percent, while CapitaLand Integrated Commercial Trust lost 0.48 percent, CapitaLand Investment sank 0.52 percent, City Developments plummeted 3.30 percent, Comfort DelGro spiked 1.43 percent, DBS Group surged 2.33 percent, Genting Singapore slumped 0.52 percent, Hongkong Land tanked 1.20 percent, Keppel Corp slid 0.31 percent, Mapletree Commercial Trust advanced 0.56 percent, Mapletree Industrial Trust fell 0.38 percent, Mapletree Logistics Trust plunged 2.84 percent, Oversea-Chinese Banking Corporation collected 0.35 percent, SATS jumped 1.26 percent, SembCorp Industries climbed 1.04 percent, Singapore Exchange added 0.42 percent, Singapore Technologies Engineering eased 0.24 percent, SingTel retreated 0.75 percent, United Overseas Bank soared 1.44 percent, Wilmar International declined 0.97 percent, Yangzijiang Financial rallied 1.20 percent and Yangzijiang Shipbuilding, Thai Beverage and Frasers Logistics were unchanged.

The lead from Wall Street is negative as the major averages opened higher on Tuesday, but a late slide pushed them into the red at the close.

The Dow dropped 192.51 points or 0.62 percent to finish at 30,981.51, while the NASDAQ sank 107.87 points or 0.95 percent to end at 11,264.73 and the S&P 500 lost 35.63 points or 0.92 percent to close at 3,818.80.

The late-day weakness on Wall Street came as traders looked ahead to the Labor Department's report on consumer price inflation for June.

Concerns about the emergence of a new, more infectious Covid-19 strain in several parts of the world also continued to weigh.

Investors also seemed to be moving money out of stocks ahead of what some expect to be a difficult quarterly earnings season.

The price of crude oil plummeted on Tuesday on concerns about the outlook for global demand due to recession fears and a renewed spike in Covid-19 cases. West Texas Intermediate for August delivery shed $8.25 or 7.9 percent to $95.84 a barrel, closing below $100 a barrel for the first time in two months.

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

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

A closely watched report released by the Labor Department on Wednesday showed a slight increase by consumer prices in the U.S. in the month of May. The Labor Department said its consumer price index inched up by 0.1 percent in May after rising by 0.2 percent in April. Economists had expected another 0.2 percent increase.
RTTNews | 1時13分前
Bay Street Seen Opening On Mixed Note

Bay Street Seen Opening On Mixed Note

It's likely to be a mixed start for Canadian shares on Wednesday with investors reacting to the crucial U.S. consumer price inflation data, and the developments on the trade front where U.S. and Chinese official reached a framework to implement the Geneva consensus following two days of discussions in London.
RTTNews | 2時0分前
CAC 40 Drifts Lower In Cautious Trade

CAC 40 Drifts Lower In Cautious Trade

The French market is down in negative territory Wednesday afternoon, with stocks moving in a narrow range as investors await further details on U.S.-China trade talks, and the crucial inflation data from the U.S. later in the day.
RTTNews | 3時9分前
Euro Rises Amid Risk-on Mood

Euro Rises Amid Risk-on Mood

The euro strengthened against other major currencies in the European session on Wednesday amid increased risk-on mood, as investors monitored the latest updates from Sino-U.S. talks and awaited crucial U.S. inflation data for direction. After two days of discussions in London, U.S. and Chinese officials have agreed on a limited framework to put their trade truce back on track.
RTTNews | 4時16分前
Euro Rises Against Majors

Euro Rises Against Majors

The euro strengthened against other major currencies in the European session on Wednesday.
RTTNews | 4時25分前
Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Indian shares eked out modest gains on Wednesday as markets assessed the outcome of high-level U.S.-China talks and awaited key U.S. inflation readings for additional clues on the Federal Reserve's rate trajectory.
RTTNews | 4時26分前