Singapore Stock Market Expected To End Losing Streak

RTTNews | Pred 846 dňami
Singapore Stock Market Expected To End Losing Streak

(RTTNews) - The Singapore stock market has closed lower in three straight sessions, sinking almost 80 points or 2.4 percent along the way. The Straits Times Index now rests just above the 3,280-point plateau although it figures to find traction on Thursday.

The global forecast for the Asian markets is upbeat on easing concerns over the outlook for interest rates. The European and U.S. markets were up and the Asian markets figure to follow that lead.

The STI finished sharply lower on Wednesday following losses from the financial shares, property stocks and industrials. For the day, the index stumbled 37.38 points or 1.13 percent to finish at 3,280.82 after trading between 3,271.78 and 3,312.84. Among the actives, Ascendas REIT shed 1.08 percent, while CapitaLand Integrated Commercial Trust tanked 2.04 percent, CapitaLand Investment retreated 1.56 percent, City Developments plummeted 3.20 percent, Comfort DelGro slid 0.84 percent, DBS Group lost 1.03 percent, Genting Singapore fell 0.98 percent, Hongkong Land declined 1.67 percent, Keppel Corp rose 0.14 percent, Mapletree Pan Asia Commercial Trust plunged 2.89 percent, Mapletree Industrial Trust slid 0.87 percent, Mapletree Logistics Trust dropped 1.20 percent, Oversea-Chinese Banking Corporation stumbled 1.54 percent, SATS and Venture Corporation both dipped 0.70 percent, SembCorp Industries was down 0.54 percent, Singapore Technologies Engineering sank 1.10 percent, SingTel tumbled 2.00 percent, United Overseas Bank skidded 1.26 percent, Wilmar International eased 0.25 percent, Yangzijiang Financial slumped 1.39 percent, Yangzijiang Shipbuilding rallied 1.57 percent and Emperador and Thai Beverage were unchanged.

The lead from Wall Street ends up positive as the major averages opened sharply lower on Wednesday but improved steadily throughout the session and finished in the green.

The Dow added 38.78 points or 0.11 percent to finish at 34,128.05, while the NASDAQ jumped 110.45 points or 0.92 percent to end at 12,070.59 and the S&P 500 rose 11.47 points or 0.28 percent to close at 4,147.60.

The early weakness on Wall Street reflected ongoing concerns about the outlook for interest rates following the release of upbeat retail sales data.

The sharp increase in retail sales has led to concerns the Federal Reserve will be encouraged to continue aggressively raising interest rates in an effort to combat inflation.

The concerns about rates may have been partly offset by a separate report from the Federal Reserve showing U.S. industrial production was unexpectedly unchanged in January.

Crude oil prices came off daily lows but still moved solidly lower on Wednesday, hurt by a stronger U.S. dollar and a spike in U.S. crude inventories last week. West Texas Intermediate was down $0.47 or 0.6 percent to $78.59 per barrel.

read more
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 | Pred 48 minútami
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 | Pred 1 h 57 min
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 | Pred 3 h 4 min
Euro Rises Against Majors

Euro Rises Against Majors

The euro strengthened against other major currencies in the European session on Wednesday.
RTTNews | Pred 3 h 13 min
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 | Pred 3 h 14 min
Tesla Shares Gain As Musk Sets Robotaxi Service Launch Tentatively On June 22

Tesla Shares Gain As Musk Sets Robotaxi Service Launch Tentatively On June 22

Tesla Inc. shares were gaining around 2.4 percent in the pre-market activity on the Nasdaq following a 6 percent jump on Tuesday's regular trading, after the founder and CEO Elon Musk confirmed that the much awaited robotaxi service is tentatively set to launch in Austin, Texas, on June 22. In a post on his social media platform X, Musk said, "Tentatively, June 22. We are being super paranoid...
RTTNews | Pred 3 h 17 min