Singapore Bourse May Stop The Bleeding On Tuesday

RTTNews | 958 дней спустя
Singapore Bourse May Stop The Bleeding On Tuesday

(RTTNews) - The Singapore stock market has finished lower in eight straight sessions, sinking more than 135 points or 4.4 percent to a fresh 19-month closing low. The Straits Times Index now rests just above the 3,015-point plateau although it may finally find support on Tuesday.

The global forecast for the Asian markets is upbeat on bargain hunting after several days of volatility and heavy selling, while stability in the bond markets adds to the positive sentiment. The European and U.S. markets were up and the Asian bourses are tipped to open in similar fashion.

The STI finished modestly lower again on Monday following losses from the financial shares and mixed performances from the property and industrial companies.

For the day, the index dropped 23.86 points or 0.78 percent to close at 3,015.75 after trading between 2,991.05 and 3,032.80. Volume was 1.8 billion shares worth 1.4 billion Singapore dollars. There were 328 decliners and 217 gainers.

Among the actives, Ascendas REIT rose 0.38 percent, while City Developments gained 0.40 percent, DBS Group tanked 2.02 percent, Hongkong Land plunged 2.03 percent, Keppel Corp was up 0.15 percent, Mapletree Pan Asia Commercial Trust added 0.61 percent, Mapletree Industrial Trust climbed 0.88 percent, Mapletree Logistics Trust advanced 0.68 percent, Oversea-Chinese Banking Corporation declined 1.03 percent, SATS fell 0.37 percent, Singapore Technologies Engineering slumped 0.62 percent, SingTel dropped 0.44 percent, Thai Beverage surged 3.54 percent, United Overseas Bank retreated 0.65 percent, Wilmar International skidded 0.57 percent, Yangzijiang Financial tumbled 1.43 percent, Yangzijiang Shipbuilding plummeted 2.56 percent and Emperador, Genting Singapore, Comfort DelGro, CapitaLand Integrated Commercial Trust, CapitaLand Investment, SembCorp Industries and Keppel DC REIT were unchanged.

The lead from Wall Street is broadly positive as the major averages opened sharply higher on Monday and stayed that way throughout the session.

The Dow surged 550.99 points or 1.86 percent to finish at 30,185.82, while the NASDAQ soared 354.41 points or 3.43 percent to end at 10.675.80 and the S&P 500 jumped 94.88 points or 2.65 percent to close at 3,677.95.

An early pullback by treasury yields fueled the buying interest, although yields regained ground over the course of the session. The markets also benefitted from strong earnings news from financial giant Bank of America (BAC).

The strength also followed news that the U.K. government is reversing course on previously announced fiscal plans that contributed to turmoil in the global bond markets.

In economic news, the Federal Reserve Bank of New York reported that regional manufacturing activity contracted more than expected in October.

Crude oil futures slumped on Monday, extending losses from the previous session as worries about a recession weighed on the outlook for energy demand and pushed down oil prices. West Texas Intermediate Crude oil futures for November eased $0.15 or 0.2 percent at $85.46 a barrel.

read more
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

The Switzerland market ended weak on Monday after languishing in negative territory almost right through the day's session as geopolitical tensions and tariff concerns weighed on sentiment.
RTTNews | 1ч 36мин назад
Major European Markets Close Weak On Tariff Jitters, Geopolitical Concerns

Major European Markets Close Weak On Tariff Jitters, Geopolitical Concerns

European stocks closed weak on Monday as rising trade tensions due to China and the U.S. accusing each other of violating trade agreement, and the Trump administration's announcement that it would double the tariffs on steel and aluminum imports to 50% from June 4th.
RTTNews | 2ч 2мин назад
Energy, Materials Stocks Shine As TSX Rises 0.5%

Energy, Materials Stocks Shine As TSX Rises 0.5%

The Canadian market is up in positive territory a little past noon on Monday, lifted by gains in energy, materials and communications sectors, even as the mood remains cautious amid concerns about Sino-US trade tensions, and the Trump administration's announcement that it would increase the tariffs on imports of steel and aluminum to 50% from 25%.
RTTNews | 3ч 17мин назад
U.S. Construction Spending Unexpectedly Falls 0.4% In April

U.S. Construction Spending Unexpectedly Falls 0.4% In April

A report released by the Commerce Department on Monday unexpectedly showed a continued decrease by U.S. construction spending in the month of April. The Commerce Department said construction spending fell by 0.4 percent to an annual rate of $2.152 trillion in April after shrinking by 0.8 percent to a revised rate of $2.162 trillion in March.
RTTNews | 3ч 42мин назад
U.S. Manufacturing Index Unexpectedly Edges Down To Six-Month Low In May

U.S. Manufacturing Index Unexpectedly Edges Down To Six-Month Low In May

A reading on U.S. manufacturing activity unexpectedly edged slightly lower in the month of May, according to a report released by the Institute for Supply Management on Monday. The ISM said its manufacturing PMI slipped to 48.5 in May from 48.7 in April, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 49.5.
RTTNews | 4ч 24мин назад
UK Manufacturing Sector Shrinks Sharply

UK Manufacturing Sector Shrinks Sharply

The UK factory sector shrank further in May as the weak global demand, trade tensions and rising cost burdens weighed on production and new orders, the purchasing managers' survey results from S&P Global showed on Monday. The final manufacturing PMI rose to a three-month high of 46.4 in May from 45.4 in April. The reading was also above the flash estimate of 45.1.
RTTNews | 5ч 38мин назад
Eurozone Manufacturing Activity Contraction Slows

Eurozone Manufacturing Activity Contraction Slows

Euro area factory activity fell at the slowest pace in more than two years in May, signaling a gradual progress towards recovery, final results of the purchasing managers' survey from S&P Global showed on Monday. The HCOB final manufacturing Purchasing Managers' Index rose to 49.4 in May, in line with the flash estimate, from 49.0 in April.
RTTNews | 5ч 54мин назад
UK Mortgage Approvals Fall Unexpectedly; House Prices Rise

UK Mortgage Approvals Fall Unexpectedly; House Prices Rise

UK mortgage approvals declined unexpectedly to the lowest level in more than a year in April as stamp duty holiday ended in March, data from the Bank of England revealed Monday. Elsewhere, data from the mortgage lender Nationwide Building Society showed that house prices rebounded unexpectedly in May suggesting momentum in underlying demand. Approvals for home loans rose to 60,463 in May.
RTTNews | 7ч 8мин назад