Singapore Bourse May Reclaim Support At 4,000 Points

RTTNews | 73 dias atrás
Singapore Bourse May Reclaim Support At 4,000 Points

(RTTNews) - Ahead of Monday's holiday for Eid-ul-Fitr, the Singapore stock market had ended the four-day winning streak in which it had advanced more than 55 points or 1.5 percent. The Straits Time Index now sits just above the 3,970-point plateau although it may bounce higher again.

The global forecast for the Asian markets is cautiously optimistic, with bargain hunting likely on the menu after heavy selling in the previous sessions. The European markets were down and the U.S. bourses were mostly higher and the Asian markets figure to follow the latter lead.

The STI finished slightly higher on Friday following losses from the properties, trusts and industrials, while the financials were mixed.

For the day, the index slipped 9.14 points or 0.23 percent to finish at 3,972.43 after trading between 3,969.01 and 4,005.18.

Among the actives, CapitaLand Ascendas REIT gained 0.38 percent, while CapitaLand Investment tumbled 1.08 percent, City Developments fell 0.40 percent, Comfort DelGro skidded 0.68 percent, DBS Group dipped 0.24 percent, DFI Retail Group plummeted 2.05 percent, Genting Singapore dropped 0.66 percent, Hongkong Land plunged 2.04 percent, Keppel DC REIT tanked 1.83 percent, Mapletree Pan Asia Commercial Trust declined 0.79 percent, Mapletree Industrial Trust and SembCorp Industries both sank 0.47 percent, Mapletree Logistics Trust slumped 0.76 percent, Oversea-Chinese Banking Corporation shed 0.46 percent, Seatrium Limited surrendered 1.40 percent, Singapore Technologies Engineering rallied 0.89 percent, SingTel advanced 0.88 percent, Thai Beverage retreated 0.97 percent, Wilmar International added 0.60 percent, Yangzijiang Financial jumped 1.27 percent, Yangzijiang Shipbuilding stumbled 1.25 percent and CapitaLand Integrated Commercial Trust, Keppel Ltd, SATS and Frasers Centrepoint Trust were unchanged.

The lead from Wall Street is positive as the major averages opened lower on Monday but tracked higher throughout the session to finish mixed.

The Dow jumped 417.86 points or 1.00 percent to finish at 42,001.76, the NASDAQ dipped 23.70 points or 0.14 percent to close at 17,299.29 and the S&P 500 added 30.91 points or 0.55 percent to end at 5,611.85.

The early weakness on Wall Street came amid ongoing concerns about the impact of President Donald Trump's reciprocal tariffs on U.S. trade partners, which are set to begin Wednesday

Traders worry Trump's tariffs and possible retaliatory actions by targeted countries will fuel inflation, keep interest rates elevated and drag down global economic growth.

On the U.S. economic front, MNI Indicators released a report showing an unexpected increase by its reading on Chicago-area business activity in the month of March.

Crude oil prices ticked higher on Monday on concerns that supply may not be able to keep up with demand. West Texas Intermediate for May delivery was up $0.17 or 0.25 percent to $69.53 per barrel.

read more
Taiwan Shares May Bounce Higher Again On Friday

Taiwan Shares May Bounce Higher Again On Friday

The Taiwan stock market on Thursday ended the three-day winning streak in which it had rallied more than 810 points or 3.6 percent. The Taiwan Stock Exchange now sits just beneath the 22,290-point plateau and it may see renewed support on Friday.
RTTNews | 10 minutos atrás
Rebound Anticipated For Japan Stock Market

Rebound Anticipated For Japan Stock Market

The Japan stock market on Thursday ended the four-day winning streak in which it had climbed more than 860 points or 2.5 percent. The Nikkei 225 now sits just beneath the 38,175-point plateau although it may bounce higher again on Friday.
RTTNews | 11 minutos atrás
U.S. Dollar Weakens After Soft PPI Data

U.S. Dollar Weakens After Soft PPI Data

The U.S. dollar dropped against its major counterparts in the New York session on Thursday, as soft producer inflation data for May raised hopes of a rate cut by the Federal Reserve.
RTTNews | 3 h 26 min atrás
Canadian Market Up Slightly In Cautious Trade

Canadian Market Up Slightly In Cautious Trade

After a flat start and a subsequent drop, the Canadian market moved into positive territory Thursday morning, led by gains in materials and communications sectors. The mood remains cautious amid uncertainty about U.S.-China trade deal and easing prospects of he European Union arriving at a pact with the U.S. before the July 8 deadline. Middle East tensions also weigh on sentiment.
RTTNews | 5 h 10 min atrás
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 | 7 h 57 min atrás
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 | 8 h 1 min atrás
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 | 8 h 44 min atrás
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 | 9 h 10 min atrás