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Market News that affect STI
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richtan
Supreme |
24-Jul-2009 10:02
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Asian Stocks Rise on South Korea Growth, U.S. Home Sales Report By Shani Raja July 24 (Bloomberg) -- Asian stocks rose for a ninth day, giving the MSCI Asia Pacific Index its longest winning streak since 2004, as sales of existing U.S. homes climbed and South Korea’s economy grew at the fastest pace in almost six years. Rio Tinto Group gained 2 percent in Sydney as commodity prices rallied yesterday. Murchison Metals Ltd. surged 13 percent after saying Chinese groups are interested in helping develop an iron-ore project. Toyota Motor Corp., which gets more than a half its profit from North America, rose 1.9 percent as the yen depreciated against the dollar. Samsung Electro- Mechanics Co., a South Korean electronic-parts maker, advanced 1.8 percent after a brokerage raised its share-price target. “Global market sentiment continues to rise,” said Ben Potter, an analyst at IG Markets in Melbourne. “The collapse of the housing market started this whole crisis and its recovery is certainly needed for any sustained economic improvement.” The MSCI Asia Pacific Index added 0.7 percent to 107.78 as of 10:09 a.m. in Tokyo, with five stocks advancing for each one that declined. The gauge has gained 9.9 percent in the past nine days, the longest winning streak since August 2004. Australia’s S&P/ASX 200 Index dipped 1.1 percent. New Zealand’s NZX 50 Index added 1.6 percent, while South Korea’s Kospi Index added 0.5 percent. Futures on the Standard & Poor’s 500 Index lost 0.4 percent. The gauge climbed 2.3 percent yesterday, as EBay Inc. and Ford Motor Co. posted better-than-estimated results. Sales of existing U.S. homes advanced 3.6 percent last month from May, surpassing the 1.5 percent gain estimated by economists. The increased sales fanned speculation demand for resources will recover, lifting prices for metals and oil. A gauge of six metals in London rose for a ninth day, the longest winning streak since December 2005. Crude oil in New York jumped 2.7 percent yesterday to a level not seen in three weeks. South Korea’s gross domestic product rose 2.3 percent from the first quarter, when the nation skirted a recession by growing 0.1 percent, the central bank said today in Seoul. That compared with the median estimate of 2.2 percent in a Bloomberg survey and was the fastest since a 2.6 percent expansion in the last quarter of 2003. From a year earlier, GDP shrank 2.5 percent. To contact the reporter for this story: Shani Raja in Sydney at sraja4@bloomberg.net. Last Updated: July 23, 2009 21:18 EDT |
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foucs6900
Senior |
24-Jul-2009 10:01
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No prob, tks for reply, really appreaciate !!!!:) | ||||
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dcang84
Veteran |
24-Jul-2009 10:00
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You're not watching the ball.
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richtan
Supreme |
24-Jul-2009 10:00
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Very sorry as I m not MFT, I m basically a TA trader, trade day to day based on my interpretation of the charts.
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foucs6900
Senior |
24-Jul-2009 09:58
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Hi Richtan; Base on u guys exp, how long do u tink tis rally will last, esp nw these 2months is their corp report ? tks |
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richtan
Supreme |
24-Jul-2009 09:54
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I beg to differ, not necessary must be always resulted in profit-taking, eg look at just last Fri, but of course there is also a possibilty tat there maybe profit-taking, we mortals dun know, can only say "maybe" till when mkt close except GOD knows.
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richtan
Supreme |
24-Jul-2009 09:47
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Europe also gone ballistic. 
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richtan
Supreme |
24-Jul-2009 09:45
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Nikkei also gone ballistic. 
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TonyGan
Senior |
24-Jul-2009 08:30
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dow crossed 9k => HSI crosses 20k =>STI crosses 2.5k | ||||
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ronleech
Master |
24-Jul-2009 08:20
Yells: "Believe in yourself. Ride with the waves......" |
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Ya hor...somemore today friday.....hope it is not just another friday.........**pray hard** | ||||
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ronleech
Master |
24-Jul-2009 08:18
Yells: "Believe in yourself. Ride with the waves......" |
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Dun to be too happy bros and sis, DOW surge always resulted in profit taking.... |
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Blastoff
Elite |
24-Jul-2009 07:07
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Wall Street rallies to best level of '09Better-than-expected results from corporations fire up a big rally, lifting the Dow back above 9,000. Nasdaq extends win streak to 12 days.
 The Dow Jones industrial average (INDU) gained 188 points, or 2.1%, closing at its highest point since Nov. 5. The S&P 500 (SPX) index added 22 points, or 2.5%. The Nasdaq composite (COMP) gained 47 points, or 2.5%. The Nasdaq has now closed higher for 12 consecutive sessions, its longest winning streak since January 1992. Treasury bond prices plunged, raising the corresponding yields, as investors pulled money out of the safe-haven and put it into stocks. The dollar gained versus other major currencies. Oil and gold prices rose. Stocks have been on the rise for the last week-and-a-half, bouncing after a four week retreat, as better-than-expected corporate reports have surprised investors. "You are seeing companies in large part beating expectations in just about every sector, and while revenues are coming in a bit lower in a lot of categories, we seem to be able to look past that," said Jamie Cox, managing partner at Harris Financial Group. Cost-cutting has largely driven the earnings growth, raising concerns about what the second-half economic growth is going to look like. "Somebody's cost cutting means somebody else's job," said Ben Halliburton, chief investment officer at Tradition Capital Management. He said that rising unemployment and its impact on an already-strapped consumer suggests that expectations for a second-half recovery are overdone. "There's really no place for a recovery if the consumer is still on the decline," he said. Friday brings a revised consumer sentiment reading from the University of Michigan, but the report is not likely to move markets. Microsoft and American Express should be active Friday, after reporting quarterly results after the close of trading. Microsoft (MSFT, Fortune 500) reported weaker earnings that topped estimates and weaker revenue that missed estimates. The tech leader said its results were due to weakness in the global PC and server markets. American Express (AXP, Fortune 500) reported a big drop in earnings due to the cost of paying back the loan it received from the government last year. However, the earnings still managed to top analysts' forecasts. Results: Ford Motor (F, Fortune 500) reported a second-quarter profit due to its efforts to reduce debt. The automaker also reported an operating loss that was narrower than a year ago and smaller than forecast. Ford's drop in revenue was also narrower-than-expected. Shares gained 9.4%. Ford is the only U.S. automaker that was not forced to declare bankruptcy last quarter, as a result of the slowdown in auto demand amid the recession. Dow component AT&T (T, Fortune 500) reported quarterly sales and earnings that fell from a year ago but topped estimates. The telecom benefited from its exclusive contract with Apple, as strong iPhone sales boosted subscriber growth. AT&T shares gained 2.6%. Fellow Dow component 3M (MMM, Fortune 500) reported weaker quarterly sales and earnings that topped estimates. Considered to be a bellwether for the economy due to the breadth of its businesses, 3M also lifted its forecast for full-year profit. Shares gained 7.4%. AT&T (T, Fortune 500) and 3M (MMM, Fortune 500) were among the 27 Dow components that rose, with three falling. IBM (IBM, Fortune 500), Johnson & Johnson (JNJ, Fortune 500), Verizon Communications (VZ, Fortune 500), Caterpillar (CAT, Fortune 500), Chevron (CVX, Fortune 500) and Exxon Mobil (XOM, Fortune 500) were among the big Dow gainers. But another Dow component, McDonald's (MCD, Fortune 500), disappointed investors by reporting a bigger-than-expected drop in revenue and an in-line drop in earnings. Shares fell 4.6%. Wal-Mart Stores (WMT, Fortune 500) and Boeing (BA, Fortune 500) were the other two losers. Other company news: Bristol-Myers Squibb (BMY, Fortune 500) said late Wednesday that it will buy biotech company Medarex (MDX) for $2.4 billion. Amazon.com (AMZN, Fortune 500) said Wednesday it would buy online shoe retailer Zappos.com for $807 million. Market breadth was positive. On the New York Stock Exchange, winners topped losers by over five to one on volume of 1.39 billion shares. On the New York Stock Exchange, advancers topped decliners by over three to one on volume of 3.13 billion shares. Economy: The number of Americans filing new claims for unemployment rose to 554,000 last week from 524,000 in the previous week, according to a Labor Department report released Thursday morning. Economists thought claims would rise to 557,000, according to Briefing.com estimates. June existing home sales rose to a 4.89 million unit annual rate from a revised 4.72 million unit rate in May, according to the National Association of Realtors. Sales were better than expected, with economists forecasting sales would rise to a 4.85 million annualized rate. The median home price continued to slide, falling 15.4% versus a year ago. Bonds: Treasury prices tumbled, raising the yield on the benchmark 10-year note to 3.66% from 3.54% Wednesday. Treasury prices and yields move in opposite directions. Other markets: In global trade, European markets gained late in the day, while Asian markets ended higher. In currency trading, the dollar gained against the euro and the Japanese yen. U.S. light crude oil for September delivery rose $1.76 to settle at $67.16 a barrel on the New York Mercantile Exchange. COMEX gold for August delivery rose $1.50 to settle at $954.80 an ounce. |
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limkt009
Veteran |
23-Jul-2009 15:39
Yells: "Watch your front, grab $$$$$ at your own time" |
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Unlikely to reach 20000 today, maybe tmr is a possibilty....need to depend on Dow tonite.
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des_khor
Supreme |
23-Jul-2009 15:20
Yells: "Tell me who is the God or MFT from this forum??" |
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x 0
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Up UP touch the sky... less than 200 pts to go!
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Blastoff
Elite |
23-Jul-2009 13:15
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TOKYO Japanese shares edged up 0.13 per cent in morning trade on Thursday as investors took a breather after six straight daily gains, waiting for a slew of corporate earnings reports. The benchmark Nikkei-225 index rose 12.81 points to 9,735.97 by the lunch break. The broader Topix index of all first section shares gained 0.88 points, or 0.10 per cent, to 907.46. KUALA LUMPUR At 9.30 am on Thursday, there were 105 gainers, 63 losers and 114 counters traded unchanged on the Bursa Malaysia. The FBM-KLCI was at 1,147.44 down 1.26 points, the FBM2BRD was at 4,911.53 up 9.71 points, and the FBMEmas was at 7,705.55 down 0.85 of a point. Turnover was at 51.747 million shares valued at RM66.331 million. HONG KONG Hong Kong share prices ended the morning 2.33 per cent higher on Thursday, as the market continued its recent bull run following a dip in the previous session, dealers said. The benchmark Hang Seng Index ended the morning session up 448.80 points at 19,696.97. Turnover was S$38.62 billion (S$7.2 billion). SHANGHAI Chinese share prices rose 0.69 per cent by midday on Thursday, with banks and real estate developers in demand, dealers said. The Shanghai Composite Index, which covers both A and B shares, was up 22.60 points at 3,319.22. 'Banks and property firms began to catch up with the broad market upward after being curbed by concerns of monetary tightening in past sessions,' Zhang Gang, an analyst at Southwest Securities, told Dow Jones Newswires. The Shanghai A-share index rose 23.75 points, or 0.69 per cent, to 3,484.47, while the Shenzhen A-share index gained 7.59 points, or 0.66 per cent, to 1,161.94. |
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Juzztrade
Veteran |
23-Jul-2009 12:44
Yells: "Techincal and long term investor" |
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HSI going to hit 20,000! Cheers! And let give it a big round of applause...
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des_khor
Supreme |
23-Jul-2009 12:34
Yells: "Tell me who is the God or MFT from this forum??" |
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x 0
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HAHA...Thanks!!
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richtan
Supreme |
23-Jul-2009 12:28
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des_khor
Supreme |
23-Jul-2009 12:12
Yells: "Tell me who is the God or MFT from this forum??" |
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x 0
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What happen if HSI break 20000 ??
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richtan
Supreme |
23-Jul-2009 12:00
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Wow!! Nikkei going ballistic, to the moon... 
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