Singapore Bourse Poised To Extend Winning Streak

RTTNews | 3 hari yang lalu
Singapore Bourse Poised To Extend Winning Streak

(RTTNews) - The Singapore stock market has climbed higher in four straight sessions, collecting almost 40 points or 1 percent along the way. The Straits Times Index now sits just beneath the 3,935-point plateau and it may extend its gains on Monday.

The global forecast for the Asian markets is positive, thanks to upbeat employment data out of the United States. The European markets were mixed and the U.S. bourses were sharply higher and the Asian bourses figure to follow the latter lead.

The STI finished modestly higher on Friday following gains from the financial shares, property stocks and industrial issues.

For the day, the index picked up 16.60 points or 0.42 percent to finish at the daily high of 3,934.29 after moving as low as 3,914.07.

Among the actives, CapitaLand Integrated Commercial Trust rallied 1.44 percent, while CapitaLand Investment advanced 0.79 percent, City Developments accelerated 1.74 percent, DBS Group rose 0.22 percent, Genting Singapore dropped 0.70 percent, Hongkong Land jumped 1.30 percent, Keppel DC REIT spiked 2.28 percent, Keppel Ltd soared 2.58 percent, Mapletree Pan Asia Commercial Trust climbed 0.85 percent, Oversea-Chinese Banking Corporation gained 0.31 percent, Seatrium Limited increased 0.48 percent, SembCorp Industries surged 3.01 percent, Singapore Technologies Engineering dipped 0.13 percent, SingTel improved 0.78 percent, Thai Beverage strengthened 1.08 percent, Wilmar International added 0.33 percent, Yangzijiang Financial collected 0.69 percent, Yangzijiang Shipbuilding slumped 0.87 percent and Mapletree Industrial Trust, Mapletree Logistics Trust, DFI Retail Group, Frasers Centrepoint Trust, Comfort DelGro, SATS and CapitaLand Ascendas REIT were unchanged.

The lead from Wall Street is firm as the major averages opened higher on Friday and remained in the green throughout the trading day, ending near session highs.

The Dow surged 443.13 points or 1.05 percent to finish at 42,762.87, while the NASDAQ rallied 231.50 points or 1.20 percent to close at 19,529.95 and the S&P 500 gained 61.06 points or 1.03 percent to end at 6,000.36.

The rally on Wall Street followed the release of the closely watched Labor Department report showing slightly stronger than expected U.S. job growth in May.

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. Economists had expected employment to increase by about 130,000 jobs.

The modestly bigger than expected increase in employment helped offset concerns about the strength of the economy following some recent downbeat data.

Crude oil prices move higher on Friday in response to the better-than-expected jobs data. West Texas Intermediate crude for July delivery was up $1.21 to $64.58 per barrel; it was up 6 percent for the week.

Closer to home, Singapore will provide Q1 numbers for unemployment later today, with forecasts pinning the jobless rate at 2.1 percent - up from 1.9 percent in the previous quarter.

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

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

After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May. The Labor Department said its producer price index for final demand inched up by 0.1 percent after slipping by a revised 0.2 percent in April.
RTTNews | 1j 11min yang lalu
U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High

U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High

The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits came in flat in the week ended June 7th. The report said initial jobless claims in at 248,000, unchanged from the previous week's revised level. Economists had expected jobless claims to dip to 240,000 from the 247,000 originally reported for the previous week.
RTTNews | 1j 14min yang lalu
Bay Street Likely To Open On Negative Note

Bay Street Likely To Open On Negative Note

Canadian shares are likely to open with a negative bias on Thursday as trade concerns, and Middle East tensions may weigh on sentiment. A lack of specifics in the framework agreed to by U.S. and Chinese officials on Tuesday has raised uncertainty about the two nations reaching an agreement anytime soon.
RTTNews | 1j 58min yang lalu
U.S. Producer Prices Inch Up Less Than Expected In May

U.S. Producer Prices Inch Up Less Than Expected In May

After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May.
RTTNews | 2j 24min yang lalu
Boeing Shares Hit After 787-8 Dreamliner With 242 Onboard Crashes In India

Boeing Shares Hit After 787-8 Dreamliner With 242 Onboard Crashes In India

Boeing Co. shares are currently down around 8 percent in the pre-market activity on the NYSE after an Air India aircraft headed to London with 242 people onboard crashed immediately after take-off in the Indian city of Ahmedabad. The plane, a Boeing 787-8 Dreamliner headed to Gatwick Airport in the UK, crashed in a civilian area near the Sardar Vallabhbhai Patel International Airport.
RTTNews | 2j 43min yang lalu
FTSE 100 Recovers After Weak Start, Up Marginally

FTSE 100 Recovers After Weak Start, Up Marginally

After opening on a negative note amid trade tensions and data showing a contraction in the nation's GDP growth in April, U.K. stocks recovered some lost ground on Thursday. Still, amid uncertainty about China and the U.S. agreeing on a concrete trade deal anytime soon, and lingering concerns about the European Union finalizing a trade deal before the July 8 deadline, the mood in the market remain
RTTNews | 2j 53min yang lalu
GameStop Shares Plunge After Plan To Raise $1.75 Bln

GameStop Shares Plunge After Plan To Raise $1.75 Bln

Shares of GameStop Corp. plunged around 11 percent in the extended trading on Wednesday and are currently trading 13 percent lower in the pre-market activity on the NYSE, after the company announced plan to raise $1.75 billion again in private offering, probably for Bitcoin purchase. GameStop's shares had declined sharply in March after the firm announced a $1.3 billion private offering.
RTTNews | 3j 54min yang lalu