Latest Posts By WanSiTong
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| 16-Oct-2013 21:07 |
ESR-LOGOS REIT
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Cambridge Ind Trust Results Announcement
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Cambridge Industrial Trust ST: rise towards 0.717
Trading Central | 2013-10-15 01:23:00
The break above the 50 area on the RSI would call for further upside. Our pivot point stands at 0.659. Our preference: rise towards 0.717. Alternative scenario: the downside breakout of 0.659 would call for 0.639 and 0.627. Comment: the RSI is below 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the stock is trading under its 20 day MA (0.68) but above its 50 day MA (0.67). Supports and resistances: 0.728 * 0.717 ** 0.704 0.675 last 0.667 0.659 ** 
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| 16-Oct-2013 18:32 |
RH PetroGas
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What happen to RH PetroGas
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| 16-Oct-2013 18:08 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Like that good oredi! Just kick the door open.......Lol. Luckily not like this... 
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| 16-Oct-2013 16:53 |
Elite KSB
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Elite KSB
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| 16-Oct-2013 16:37 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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| 16-Oct-2013 08:55 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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ASIA DAYBOOK: U.S. Debt Talks Stall, Japan Braces for Typhoon 2013-10-15 21:37:16.449 GMT By Margo Towie and Steven McPherson Oct. 16 (Bloomberg) -- Today: Australia leading index, NZ CPI, Thailand monetary policy earnings from Keppel Land, Bajaj Auto India, Sri Lanka, Bangladesh markets closed for a holiday. WHAT TO WATCH: * Rates on Oct. U.S. Treasury bills surged, stocks and dollar dropped as attempts to end fiscal impasse put on hold Fitch puts AAA rating on watch * Japan braces for Typhoon Wipha, projected to become Tokyo?s biggest storm in about 10 years * Alibaba 2Q profit more than doubles * Yahoo 3Q profit beats ests. on advertising gains * Intel forecasts sales that may top some analysts? estimates * Tata Consultancy 2Q profit beats ests. on growing outsourcing orders note India closed for holiday * SoftBank buys gamemaker Supercell for $1.5b in talks to acquire Brightstar, Nikkei newspaper reports * Cerberus said to be studying possible bid for BlackBerry * U.K. to allow Chinese banks to set up branches for wholesale banking * SAFE may make more investments in European real estate * Japanese stock investors may take profits before tax breaks end, says Mitsubishi UFJ Morgan Stanley strategist * Japanese Government Pension Investment Fund panel discusses creation of baby funds * Wumart to buy 36 stores in China from CP Lotus for HK$2.3b as part of stock-swap agreement * PCCW, I-Cable to get free-TV licenses from H.K. govt * Macau gaming bureau says it has no plans to relax gaming table limits, calling reports on matter ?rumors? * China to cut overcapacity in industries including steel, cement, electrolytic aluminum, flat glass, shipping * China tightens regulation of imported baby formula ECONOMY (Hong Kong time): * 5:45am: New Zealand 3Q CPI Q/q est. 0.8% (prior 0.2%) * 5:45am: New Zealand 3Q CPI Y/y est. 1.2% (prior 0.7%) * 7am: S. Korea Sept. Unemployment rate SA est. 3.1% (prior 3.1%) * 7:30am: Australia Aug. Westpac Leading Index M/m no est. (prior 0.6%) * 7:30am: New Zealand Bloomberg Oct. New Zealand Economic Survey * 8:00am: Australia Bloomberg Oct. Australia Economic Survey * 12pm: Japan Sept. Tokyo Condominium Sales Y/y no est. (prior 53.3%) * TBA: Philippines Aug. Overseas Workers Remittances est. $1910m (prior $1927m) * TBA: Philippines Aug. Overseas Remittances Y/y est. 5.9% (prior 6.6%) CENTRAL BANKS (Hong Kong time): * 3:30pm: Thailand BoT Benchmark Interest Rate all economists in survey est. no change (prior 2.5%) GOVERNMENT (Hong Kong time): * EU?s Trade Commissioner De Gucht in South Korea * Iran Nuclear negotiations meeting, Geneva * U.K. Foreign Secretary Hague holds talks in Japan, visits S. Korea * Canadian Governor General Johnston Visits China, Mongolia * H.K. legislature debates vote of no confidence in Chief Executive Leung Chun-ying, 11 a.m. EARNINGS (Hong Kong time, estimates where available): * Ascendas Real Estate (AREIT SP) Q2 * China Overseas Grand Oceans (81 HK) Q3 * Bajaj Auto (BJAUT IN) 2Q net income adj. median est. 8.08b rupees (39 analysts) * Keppel Land (KPLD SP) Q3 IPO WATCH: * China Rerun Chemical Group 255.8m shrs at 10p * Khanh Hoa Water Supply and Sewerage to price 4.06m shrs at 10,000 dong * Ngai Shun Holdings 100m shrs at HK$0.93 * Sealink Travel Group 15m shrs at A$1.10 CORPORATE EVENTS/CONFERENCES (Hong Kong time): * Canada-China Business Council General Meeting, Beijing * Tokyo Gas (9531 JP) at 8th Annual LNG Tech Global Summit, Barcelona * 2pm: Sony (6758 JT): Shigeki Ishizuka, SVP of co.?s digital camera ops. to brief media on new products, Tokyo * Analyst/Investor Events: Japan Retail Fund Investment (8953 JP), SinoPac Financial Holdings (2890 TT) * AGMs/EGMs/Board Meetings: * Fletcher Building (FBU NZ) * CSL (CSL AU) * Cochlear (COH AU) * China CITIC Bank (998 HK) * Haitong Securities (600837 CH) STOCKS TO WATCH * Greater China Highlights * Chalco (2600 HK): To sell iron venture stake to parent for ~$2.07b * Gome (493 HK): 3Q net margin to surpass that of 2Q Executive Director Ng Kin Wah dies * PCCW (8 HK), I-Cable (1097 HK): To get free-TV licenses * Wumart (1025 HK): To buy 36 stores in China from CP Lotus (121 HK) for HK$2.3b * India Highlights * Markets closed for holiday * Japan Highlights * SoftBank (9984 JP): To pay $1.53b for game developer Supercell in talks to acquire Brightstar in 100b yen deal, Nikkei reports * Yamada Denki (9831 JP): Cuts FY net forecast 66% * South East Asia Highlights * AirAsia X (AAX MK): Associate gets air operating license in Thailand * M1 (M1 SP): 3Q net profit +19% to S$39.5m MARKETS: * S& P 500 down 0.7% to 1,698.06 * Stoxx Europe 600 up 0.8% to 314.82 * U.S. 10-year yield up 4.1bps to 2.728% * Brent futures down 1.3% to $109.55/bbl * Gold futures up 0.3% to $1,280.10/oz |
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| 16-Oct-2013 08:50 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Senate leaders restart debt, budget talksDow futures + 90..
Reid, McConnell optimistic after House vote falls apartWASHINGTON (MarketWatch) ? Senate leaders restarted talks on Tuesday night to reopen the government and lift the U.S. debt ceiling after House Republicans? plans to vote on their own proposal fell apart.  Getty Images Spokesmen for Senate Majority Leader Harry Reid, a Nevada Democrat, and Minority Leader Mitch McConnell, a Kentucky Republican, said their talks had resumed. ?Senator Reid and Senator McConnell have re-engaged in negotiations and are optimistic that an agreement is within reach,? Reid spokesman Adam Jentleson said on Twitter. McConnell spokesman Don Stewart offered a similarly worded statement, saying: ?Given tonight?s events, the [Senate] leaders have decided to work toward a solution that would reopen the government and prevent default. They are optimistic an agreement can be reached.? The abrupt decision to cancel voting on the House plan was a clear sign Republicans didn?t have the votes to approve the bill, which would have opened the government through Dec. 15. The debt limit would have been extended to Feb. 7. A plan discussed earlier by Reid and McConnell would have extended the debt limit for the same amount time, but would fund the government until Jan. 15. The House?s rules committee postponed a meeting on the bill shortly after Heritage Action, a conservative group, said it opposed the bill because it didn?t stop ?Obamacare?s massive new entitlements.? Adding to the drama in Washington, Fitch Ratings Service put the U.S. credit rating on negative watch. Reid had warned Tuesday morning that credit-rating agencies could downgrade U.S. debt ?as soon as tonight? without action to raise the debt limit. Tuesday morning, House Speaker John Boehner told reporters that Republican leaders were ?working with our members on a way forward.? But by the end of the day, it became clear that deal-making was shifting back to the Senate. scrambling to solve the twin impasses. The government shutdown is on Day 15, and the Treasury?s Thursday deadline for raising the borrowing limit is rapidly approaching. ?Extremist Republicans in the House are attempting to torpedo the Senate?s bipartisan progress,? Reid said on the Senate floor Tuesday. He said he was ?blind-sided? by the House proposal. U.S. stocks dropped Tuesday, with the Dow Jones Industrial Average /quotes/zigman/627449 DJIA -0.87% ending 134 points in the red, as investors waited for a deal from Washington. (Read Market Snapshot.) |
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| 16-Oct-2013 05:54 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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U.S. Stocks Decline as Lawmakers Fail to Reach Debt DealBy Nick Taborek - Oct 16, 2013 4:49 AM GMT+0800
U.S. stocks dropped, following a four-day rally in the Standard & Poor?s 500 Index, as lawmakers failed to reach an agreement to extend the government?s borrowing limit less than two days before the deadline.
The S& P 500 fell 0.7 percent to 1,698.06 at 4 p.m. in New York. The Dow Jones Industrial Average declined 133.25 points, or 0.9 percent, to 15,168.01. About 6.2 billion shares changed hands on U.S. exchanges today, 6.3 percent above the three-month average. ?Everyone is somewhat over-caffeinated and a bit jittery in part because of politicians not doing their job,? Chad Morganlander, a Florham Park, New Jersey-based portfolio manager at Stifel Nicolaus & Co., which oversees about $130 billion of assets, said by phone. ?The markets are trading on every news clip and the uncertainty is increasing, which is having an unstabilizing effect in the markets.? The benchmark index dropped as much as 0.8 percent after Senate Majority Leader Harry Reid rejected a House plan to halt the fiscal impasse and Senate leaders stopped talks on a bill that would fund the government through Jan. 15, 2014, and suspend the U.S. debt limit until Feb. 7. The Senate talks haven?t broken down, spokesmen for the chamber?s top leaders said. Revised PlanThe House later revised its plan, which would extend government funding through Dec. 15, rather than Jan. 15, 2014, in the Senate plan, said Representative Devin Nunes of California, who had been meeting with leaders. A vote could come as soon as tonight. The new House proposal would bar government subsidies of health insurance for congressional staff members, along with lawmakers and high-ranking administration officials, Nunes said. A two-year delay in the medical-device tax was dropped, he said. The Congressional impasse has left the government partially shut down since Oct. 1 and could lead to the U.S. reaching on Oct. 17 the limit on federal borrowing. The S& P 500 closed at the highest since Sept. 19 yesterday after a four-day rally gave it the biggest advance since January, as optimism grew that lawmakers would reach a deal to prevent a government default. The rally pushed the gauge to within 16 points of its Sept. 18 record of 1,725.52. ?Political Mess??If we can get through this political mess, then we can really start to focus on more fundamental things like earnings,? Thomas Garcia, head of equity trading at Santa Fe, New Mexico-based Thornburg Investment Management Inc., said in a phone interview. His firm manages more than $90 billion. ?The numbers that we are going to start to get for the last month, you might see a little bit of a slowdown from the government shutdown.? A report today showed manufacturing in the New York region grew at a slower pace than projected in October as sales and hiring cooled. The government shutdown has delayed the publication of some closely watched economic data, including the Labor Department?s monthly jobs gauge. |
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| 16-Oct-2013 05:51 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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World MarketsNorth and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 1.50%, while the IPC led the S& P 500 lower. They fell 1.62% and 0.71% respectively.
North and South American Indexes
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| 15-Oct-2013 20:36 |
Others
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Thought of the Moment
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哗 ！ 高 手 一 出 手 ， 就 知 有 沒 有 ！
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| 15-Oct-2013 17:32 |
Others
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What?s Happened to Blumont, Asiasons and LionGold
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Your graphics are so lively & interesting! Where do you get them?
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| 15-Oct-2013 10:46 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Market Snapshot - Markets on Edge as US Creeps Closer to Debt CliffWritten By Stock Fanatic on Tuesday, October 15, 2013 | 15.10.13
North Asia Most North Asian bourses were higher, as optimism over China?s reform and trade measures helped stocks higher, while Japan got its boost from ongoing US budget and debt talks. The SHCOMP was up 1.6% to end the week 3.2% higher. But on Saturday, the government said exports fell 0.3% on-year in September, signalling how dependent it remains on global demand. Imports meanwhile, rose 7.4% for the same period. Inflation data will be released later today.
Tokyo?s Nikkei 225 leapt on optimism of a US debt deal last week. The benchmark index closed higher for a fourth straight day, and was 2.7% up the week. Japan markets are closed for a holiday today. (Read Report)
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Stocks move higher on new debt talk hopes
Click the chart for more stock market data.
NEW YORK (CNNMoney)
The weekend came and went and lawmakers still haven't resolved the debt issue or the federal government shutdown. Investors weren't too pleased at first, but there are growing hopes that some progress will soon be made.
Stocks fell Monday morning but turned higher by the afternoon following the news that President Obama and Vice President Joe Biden will meet with Congressional leaders Monday afternoon. The meeting was indefinitely postponed, but stocks held on to their gains amid signs that Senate leaders are inching closer to an agreement.
The Dow Jones industrial average, S& P 500, and Nasdaq rose between 0.4% and 0.6%.
The market enjoyed a big rally last week. The Dow gained 460 points over Wednesday, Thursday and Friday on expectations that a deal would be reached to temporarily raise the debt ceiling.
Related: Click here for more on stocks, bonds, currencies and commodities
Stocks have fallen as a result of the shutdown and debt ceiling drama, but they are not down that much from record highs. However, investors could grow more rattled as the week wears on if a deal isn't struck by Thursday. That's when the Treasury Department has warned it may run out of money to pay all government bills.
" We believe this foolish game of chicken shows Washington lawmakers have a naïve sense of the economy and global markets," said Craig Johnson, technical market strategist at Piper Jaffray.
Johnson said ongoing " saber rattling in Washington" will likely increase market volatility this week. But he continues to believe that " neither party in Washington is foolish enough to let the U.S. default on its debt."
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World Markets
North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 1.92% and the S& P 500 rose 0.41%. The IPC lost 0.23%.
North and South American Indexes
| Index | Country | Change | % Change | Level | Last Update | |
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Dow Jones Industrial Average | United States | +64.15 | +0.42% | 15,301.26 | 4:31pm ET |
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S& P 500 Index | United States | +6.94 | +0.41% | 1,710.14 | 4:31pm ET |
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Brazil Bovespa Stock Index | Brazil | +1,020.98 | +1.92% | 54,170.60 | 6:00pm ET |
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Canada S& P/TSX 60 | Canada | -0.26 | -0.04% | 741.33 | Oct 11 |
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Santiago Index IPSA | Chile | +6.51 | +0.20% | 3,264.26 | 3:16pm ET |
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IPC | Mexico | -93.28 | -0.23% | 40,882.09 | 6:06pm ET |
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CLARIFICATION OF UNCONFIRMED RUMOURS
LionGold Corp Ltd (?
Times relating to unconfirmed rumours that the Company is under investigation by the Commercial
Affairs Department.
The Company wishes to state that neither it nor any of its officers has been informed that it or any of its
officers is under investigation by the Commercial Affairs Department. In addition, neither the Company
nor any of its officers has been contacted by the Commercial Affairs Department that the Company or
any of its officers is under any investigation.
The Company is in full compliance with the Listing Rules of the SGX-ST.
The Company wishes to advise its shareholders not to rely on unconfirmed rumours when dealing in the
securities of the Company. If in doubt, shareholders should consult their professional advisers.
LGC? or the ?Company?) wishes to respond to a written query by the Business Go to Message
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Singapore shares fall, snapping 4 days of gains: Reuters
Singapore shares fell on Monday, snapping four consecutive sessions of gain, as a possible U.S. default loomed closer and Chinese data showed export growth fizzled in September to post a
surprise fall.
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The benchmark Straits Times Index dropped 0.7 percent to 3,158.15 points, the biggest decline in almost two weeks. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.2 percent lower.
Some of the biggest decliners on the Singapore index include
casino operator Genting Singapore Plc and commodities trader Noble Group Ltd, which fell more than 2 percent each.
Shares of Singapore Press Holdings (SPH) outperformed the market, rising 0.5 percent.
UOB Kay Hian raised its target price on SPH to S$4.22 from S$4.07 and maintained its " hold" rating on the stock to take into account the media and property company's final dividend of 15 Singapore cents per share for 2013 fiscal year.
SPH reported after market hours on Friday a 25 percent fall in full-year net profit to S$431 million ($345.6 million), hit by lower fair-value gains from investment properties and a smaller contribution from its newspaper and magazine business.
Shares of Del Monte Pacific Ltd extended their gains, rising as much as 2.8 percent to S$0.93, the highest since late July. About 1.8 million shares were traded, 4.4 times the average full-day volume over the past 30 days.
The food and beverage company said on Friday it will buy the
canned food business of private equity-backed Del Monte Foods
Consumer Products Inc for $1.7 billion.
Maybank Kim Eng said it sees a good fit between the two entities as they operate in different geographies. " Synergies would likely come in the form of brand ownership and cost savings in certain productions."
The broker raised its target price on Del Monte to S$1.30 from S$1.05 and kept its " buy" rating.
Singapore shares fell on Monday, snapping four consecutive sessions of gain, as a possible U.S. default loomed closer and Chinese data showed export growth fizzled in September to post a
surprise fall.
...
The benchmark Straits Times Index dropped 0.7 percent to 3,158.15 points, the biggest decline in almost two weeks. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.2 percent lower.
Some of the biggest decliners on the Singapore index include
casino operator Genting Singapore Plc and commodities trader Noble Group Ltd, which fell more than 2 percent each.
Shares of Singapore Press Holdings (SPH) outperformed the market, rising 0.5 percent.
UOB Kay Hian raised its target price on SPH to S$4.22 from S$4.07 and maintained its " hold" rating on the stock to take into account the media and property company's final dividend of 15 Singapore cents per share for 2013 fiscal year.
SPH reported after market hours on Friday a 25 percent fall in full-year net profit to S$431 million ($345.6 million), hit by lower fair-value gains from investment properties and a smaller contribution from its newspaper and magazine business.
Shares of Del Monte Pacific Ltd extended their gains, rising as much as 2.8 percent to S$0.93, the highest since late July. About 1.8 million shares were traded, 4.4 times the average full-day volume over the past 30 days.
The food and beverage company said on Friday it will buy the
canned food business of private equity-backed Del Monte Foods
Consumer Products Inc for $1.7 billion.
Maybank Kim Eng said it sees a good fit between the two entities as they operate in different geographies. " Synergies would likely come in the form of brand ownership and cost savings in certain productions."
The broker raised its target price on Del Monte to S$1.30 from S$1.05 and kept its " buy" rating.
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wholesale prices, Singapore GDP, Australia home loans earnings
from Reliance Industries, China Molybdenum, Asia Cement, Keppel
REIT Japan, Hong Kong, Indonesia, Bangladesh markets closed for
holidays. U.S. equities markets are open, while Treasury market
is closed for Columbus Day holiday.
WHAT TO WATCH:
* Yen strengthens as U.S. lawmakers struggle to resolve fiscal
impasse world says it?s keeping faith in Treasuries
* China?s Sept. exports unexpectedly fall 0.3% Y/y, trailing
all 46 ests. in Bloomberg survey
* World should consider new reserve currency, Xinhua News
Agency says in commentary
* China plans to require banks to have minimum liquidity
coverage ratio of 100% by 2018
* Death toll from cyclone in India rises to 17 tons of rice
production to be lost
* India?s unexpectedly slow production growth adds pressure
for more measures to revive economy
* Peugeot prepares 3b euro shr sale, with Dongfeng Motor and
French govt buying matching stakes, Reuters reports
* Japan plans to let private financial institutions manage
part of its $1.27t in foreign exchange reserves
* Malaysian PM Najib Razak says govt can avoid rating cut
central bank governor predicts expansion
* China names 72 cos. violating environment rules incl.
PetroChina?s Hohot Petrochemical, Datong Coal Mine Group:
Xinhua
* Lew, Chidambaram discuss improving investment climate
* China to set up cross-strait equity exchange: National Radio
* Sun Hung Kai lifts luxury flat prices on demand: SMP
ECONOMY (Hong Kong time):
* 5:30am: New Zealand Sept Performance Services Index no est.
(prior 53.2)
* 8am: Singapore 3Q A GDP SAAR Q/q est. -4.0% (prior 15.5%)
* 8am: Singapore 3Q A GDP Y/y est. 3.8% (prior 3.8%)
* 8:30am: Australia Aug Credit Card Balances no est. (prior
$A49.2b)
* 8:30am: Australia Aug Credit Card Purchases no est. (prior
$A23.0b)
* 8:30am: Australia Aug Home Loans M/m est. -2.5% (prior
2.4%)
* 8:30am: Australia Aug Investment Lending no est. (prior
2.9%)
* 8:30am: Australia Aug Owner-Occupier Loan Value M/m no est.
(prior 0.0%)
* 9:30am: China Sept CPI Y/y est. 2.8% (prior 2.6%)
* 9:30am: China Sept PPI Y/y est. -1.4% (prior -1.6%)
* 1pm: Singapore Aug Retail Sales Ex Auto Y/y no est. (prior
2.5%)
* 1pm: Singapore Aug Retail Sales Y/y est. -5.2% (prior
-7.8%)
* 1pm: Singapore Aug Retail Sales SA M/m est. 4.6% (prior
-5.3%)
* 2:30pm: India Sept Wholesale Prices Y/y est. 6.00% (prior
6.10%)
* 8pm: India Sept CPI Y/y est. 9.50% (prior 9.52%)
CENTRAL BANKS (Hong Kong time):
* 8am: Monetary Authority of Singapore twice-yearly monetary
policy statement
GOVERNMENT (Hong Kong time):
* Nothing major scheduled
EARNINGS (Hong Kong time, estimates where available):
* Asia Cement (1102 TT) 3Q NT$1.8b (10 analysts)
* China Molybdenum (603993 CH) 3Q
* IndusInd Bank (IIB IN) 2Q net income adj. median 3.12b
rupees (27 analysts)
* Reliance Industries (RIL IN) 2Q net income adj. median 54.2b
rupees (20 analysts)
IPO WATCH:
* Ta Liang Technology to price 7.63m shrs at NT$28-NT$32
CORPORATE EVENTS/CONFERENCES (Hong Kong time):
* Mitsubishi Heavy Industries (7011 JP) at 8th Annual LNG Tech
Global Summit, Barcelona
STOCKS TO WATCH
* Greater China Highlights
* Banks: CBRC plans bank liquidity-coverage ratio
requirement
* ZTE (000063 CH): Expects to be in world?s top three
handset companies in three years, Executive VP says
* India Highlights
* Bajaj Hindusthan (BJH IN), Balrampur Chini Mills (BRCM
IN): Sugar mills face wider losses as election
approaches
* Japan Highlights
* Japanese markets closed for holiday
* South East Asia Highlights
* Singapore Press (SPH SP): FY net S$431m beats est.
S$382m
* Felda Global (FGV MK): Offers 2.2b ringgit to Koperasi
Permodalan Felda Malaysia for 51% of Felda Holdings
MARKETS:
* S& P 500 up 0.6% to 1,703.20
* Stoxx Europe 600 up 0.4% to 311.61
* U.S. 10-year yield up 0.6bps to 2.687%
* Brent futures down 0.5% to $111.28/bbl
* Gold futures down 2.2% to $1,268.20/oz
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Johnson & Johnson (+1.9%) led gains for the Dow, which saw 24 advancers out of 30. The index ended the week up 1.1%. The S& P 500 also gained 0.8% for the week. Rounding off the major indices, the NASDAQ Composite fell 0.4% for the week for its first loss in six weeks. NYSE composite volume was light at 2.9b (3.4b previously)....
WTI Crude for Nov lost 99 cents, or 1%, to end at US$102.02/barrel while Nov Brent shed 52 cents, or 0.5%, to settle at US$111.28/barrel. For the week, WTI lost 1.8% but Brent gained 1.7%.
Gold for Dec delivery fell by US$28.70, or 2.2%, to end at US$1,268.20/ounce. Dec Silver declined by 64 cents, or 2.9%, to end at US$21.26/ounce. For the week, gold and silver lost 3.2% and 2.3% respectively.
Implications for Singapore
Despite the continued gains on Wall Street Friday, the STI could be facing a fair bit of a resistance today, as caution could set in ahead of 17 Oct?s deadline to raise the US debt ceiling.
Moreover, the index did not manage to convincingly clear the key resistance at 3179 (centre of Bollinger Band) intraday high of 3197 was also short of the next hurdle at 3200 (formed a bearish candlestick instead).
Overall trading was relatively light on Friday, and could remain so ahead of the public holiday tomorrow.
Above 3200, we peg the next key resistance at 3260, clearing which could trigger a bullish reverse head and shoulders formation (potential target of 3530).
On the downside, we see 3125 (minor uptrend line since 28 Aug) as the initial support, ahead of the 3051-3071 gap.
Go to Message
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CE 6.6c
Ex : 18/10 (this Friday)
Go to Message
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Global Markets: UOB
? Note that the US and Japan will be closed today for their respective holidays.
? The US will be celebrating the Columbus Day Holiday on Monday (14 Oct) but there may not be in any holiday mood in Washington, as the US government partial shutdown enters its third week and the most clear and present danger to the US and global financial markets will be the US debt ceiling ultimatum. Frankly nothing else matters this week except the 17 October 2013 US debt ceiling limit deadline set by the US Treasury. ...
Over the weekend (12-13 Oct), there was disappointment as there was still no breakthrough on either raising the US debt ceiling or re-starting the US government after US President Obama rejected US House Republicans? proposal on Sat (12 Oct). And on Sunday (13 Oct), Obama spoke with House minority Democrat leader Nancy Pelosi, reiterating the need to reopen the Government and raise the debt ceiling for a year with a ?clean? legislation, free from other policy conditions.
Presently, the negotiations have shifted to US Senate leaders who are struggling to resolve the fiscal impasse as the threat of a US default looms ever closer. To emphasize the urgency of the situation, both the Senate and House are scheduled to be in session today despite the US federal holiday.
Note also that the US stock markets will be opened today (14 Oct) on the federal Columbus Day holiday but the US bonds markets will be closed. We expect a bloodbath in global and US equity markets today.
In addition, China reported disappointing export numbers over the weekend (-0.3%y/y in Sep from +7.2% in Aug), and that should add to the downside sentiment in equity markets.
? Note that the US and Japan will be closed today for their respective holidays.
? The US will be celebrating the Columbus Day Holiday on Monday (14 Oct) but there may not be in any holiday mood in Washington, as the US government partial shutdown enters its third week and the most clear and present danger to the US and global financial markets will be the US debt ceiling ultimatum. Frankly nothing else matters this week except the 17 October 2013 US debt ceiling limit deadline set by the US Treasury. ...
Over the weekend (12-13 Oct), there was disappointment as there was still no breakthrough on either raising the US debt ceiling or re-starting the US government after US President Obama rejected US House Republicans? proposal on Sat (12 Oct). And on Sunday (13 Oct), Obama spoke with House minority Democrat leader Nancy Pelosi, reiterating the need to reopen the Government and raise the debt ceiling for a year with a ?clean? legislation, free from other policy conditions.
Presently, the negotiations have shifted to US Senate leaders who are struggling to resolve the fiscal impasse as the threat of a US default looms ever closer. To emphasize the urgency of the situation, both the Senate and House are scheduled to be in session today despite the US federal holiday.
Note also that the US stock markets will be opened today (14 Oct) on the federal Columbus Day holiday but the US bonds markets will be closed. We expect a bloodbath in global and US equity markets today.
In addition, China reported disappointing export numbers over the weekend (-0.3%y/y in Sep from +7.2% in Aug), and that should add to the downside sentiment in equity markets.
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