Singapore Bourse Expected To Extend Winning Streak

RTTNews | 949 일 전
Singapore Bourse Expected To Extend Winning Streak

(RTTNews) - The Singapore stock market has finished higher in four straight sessions, collecting more than 90 points or 3 percent along the way. The Straits Times Index now rests just beneath the 3,060-point plateau and it's tipped to open in the green again on Monday.

The global forecast for the Asian markets is upbeat, fueled by solid earnings news among technology shares. The European markets were mixed and the U.S. bourses were sharply higher and the Asian markets are also tipped to open in the green.

The STI finished sharply higher on Friday following gains from the financial shares and mixed performances from the property stocks and industrials.

For the day, the index jumped 43.95 points or 1.46 percent to finish at 3,059.19 after trading between 3,025.93 and 3,071.38. Volume was 1.9 billion shares worth 1.6 billion Singapore dollars. There were 271 decliners and 247 gainers.

Among the actives, Ascendas REIT added 0.38 percent, while CapitaLand Integrated Commercial Trust tumbled 1.56 percent, CapitaLand Investment plunged 3.19 percent, City Developments and Hongkong Land both dipped 0.26 percent, DBS Group spiked 2.96 percent, Emperador retreated 1.02 percent, Genting Singapore lost 0.63 percent, Keppel Corp surged 4.66 percent, Mapletree Pan Asia Commercial Trust climbed 0.60 percent, Mapletree Industrial Trust skidded 0.89 percent, Mapletree Logistics Trust sank 0.65 percent, Oversea-Chinese Banking Corporation jumped 1.78 percent, SATS declined 1.52 percent, SembCorp Industries rose 0.35 percent, SingTel rallied 1.66 percent, United Overseas Bank soared 4.00 percent, Wilmar International fell 0.55 percent, Yangzijiang Financial plummeted 4.41 percent, Yangzijiang Shipbuilding tanked 2.42 percent and Singapore Technologies Engineering, Thai Beverage, Comfort DelGro and UOL Group were unchanged.

The lead from Wall Street is broadly positive as the major averages opened slightly higher on Friday but accelerated throughout the day, ending near session highs.

The Dow surged 828.50 points or 2.59 percent to finish at 32,861.80, while the NASDAQ soared 309.75 points or 2.87 percent to end at 11,102.45 and the S&P 500 jumped 93.76 points or 2.46 percent to close at 3,901.06.

For the week, the Dow spiked 5.7 percent, the S&P 500 jumped 4.0 percent and the NASDAQ rallied 2.2 percent.

Traders reacted positively to strong earnings news from the likes of semiconductor giant Intel (INTC), Apple (AAPL) and energy giant Exxon Mobil (XOM).

Buying interest may also have been generated by a Commerce Department report showing core consumer price growth accelerated less than expected in September - which may encourage the Federal Reserve to slow the pace of its interest rate hikes.

Oil prices drifted lower on Friday as worries about the outlook for energy demand resurfaced due to increased Covid-19 restrictions in parts of China. West Texas Intermediate Crude oil futures for December slumped $1.18 or 1.3 percent at $87.90 a barrel. WTI crude futures gained more than 3 percent in the week.

read more
TSX Pares Some Gains After Hitting Fresh Record High

TSX Pares Some Gains After Hitting Fresh Record High

Canadian stocks are up in positive territory in late morning trade on Friday, amid slightly easing concerns about tariffs following somewhat encouraging phone calls between the U.S. President Donald Trump and Chinese Premier Xi. Investors are also digesting the nation's jobs data, as well the non-farm payrolls data from the U.S.
RTTNews | 48 분 전
U.S. Job Growth Slightly Exceeds Estimates In May

U.S. Job Growth Slightly Exceeds Estimates In May

Employment in the U.S. increased by slightly more than expected in the month of May, according to a report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 139,000 jobs in May after jumping by a downwardly revised 147,000 jobs in April.
RTTNews | 2 시간 52 분 전
Bay Street May Open Slightly Higher; U.S., Canadian Jobs Data In Focus

Bay Street May Open Slightly Higher; U.S., Canadian Jobs Data In Focus

Higher Canadian and U.S. futures point to a slightly positive start on Bay Street Friday morning. The focus is on the crucial jobs data from Canada as well as the U.S. Lingering concerns about trade tensions may weigh on sentiment and limit market's upside.
RTTNews | 4 시간 14 분 전
Eurozone GDP Growth Accelerates To 0.6%

Eurozone GDP Growth Accelerates To 0.6%

The euro area economic growth doubled in the first quarter on household spending, investment and exports, official data revealed on Friday. Gross domestic product logged a quarterly growth of 0.6 percent in the first quarter, which was faster than the initial estimate of 0.3 percent, Eurostat said. This followed a 0.3 percent rise in the fourth quarter of 2024.
RTTNews | 6 시간 2 분 전
India Slashes Policy Rates By Bigger Than Expected 50 Bps; Shifts Stance To Neutral

India Slashes Policy Rates By Bigger Than Expected 50 Bps; Shifts Stance To Neutral

The Reserve Bank of India lowered its interest rates by a sharper-than-expected 50 basis points on Friday, marking the third consecutive reduction as policymakers focused on propelling growth amid the softening inflation, but the central bank shifted its monetary policy stance to neutral signaling a pause ahead. The MPC decided to cut the policy repo rate by 50 basis points to 5.50 percent.
RTTNews | 6 시간 14 분 전
Sensex, Nifty Rally As RBI Surprises With Jumbo Rate Cut

Sensex, Nifty Rally As RBI Surprises With Jumbo Rate Cut

Indian shares rallied on Friday as the Reserve Bank of India (RBI) surprised the market with a 50 basis points (bps) cut in the benchmark repo rate to 5.5 percent, slashed the cash reserve ratio (CRR) by 100 basis points to 3 percent, and also trimmed its inflation forecast for the year by 30 basis points to 3.7 percent.
RTTNews | 6 시간 17 분 전
U.K. Stocks Subdued As Investors Look For Directional Clues

U.K. Stocks Subdued As Investors Look For Directional Clues

U.K. stocks are largely subdued Friday morning with investors looking for directional clues and refraining from making significant moves. The focus is on the progress of trade negotiations between U.S. and China, and the upcoming U.S. non-farm payrolls data.
RTTNews | 6 시간 23 분 전