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Market News that affect STI
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el7888
Veteran |
29-Jul-2009 16:55
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richtan
Supreme |
29-Jul-2009 15:03
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Ooops. sorry, typo error, should be Hang Seng and SSE (not DOW) correct between 3 to 5 % today, so should be healthy correction.
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richtan
Supreme |
29-Jul-2009 15:01
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Yah, HS and DOW correct between 3 to 5 %, so I think is very healthy correction.
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dealer0168
Elite |
29-Jul-2009 14:40
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But STI seems follow Hang Seng & Dow more..
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richtan
Supreme |
29-Jul-2009 14:10
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Nikkei still holding positive now: 
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dealer0168
Elite |
29-Jul-2009 13:21
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Asian Stocks Fall on Lower Commodity Prices, Earnings Reports By Patrick Rial July 29 (Bloomberg) -- Asian stocks fell as lower commodity prices and reports of declining profits raised concern that an 11-day rally had overvalued corporate earnings prospects. Rio Tinto Group, the world’s No. 3 mining company, lost 2.4 percent in Sydney, following a slump in copper prices. China Petroleum & Chemical Corp., Asia’s biggest oil refiner, sank 5 percent in Hong Kong as the Chinese government cut gasoline prices. Shimano Inc., Japan’s No. 1 maker of bicycle components, and DeNA Co., which operates auction Web sites, slumped more than 5 percent after posting lower earnings. The MSCI Asia Pacific Index , lost 0.6 percent to 109.84 as of 1:22 p.m. in Tokyo, with two stocks falling for each one that rose. The gauge had climbed 13 percent in the past 11 days, the longest winning streak since January 2004. “Whenever we see the market and companies move up too quickly, that will induce a correction,” said Takeshi Osawa, a senior fund manager in Tokyo at Norinchukin Zenkyoren Asset Management Co., which oversees about $10 billion. Japan’s Nikkei 225 Stock Average was little changed, while Hong Kong’s Hang Seng Index slumped 1.7 percent. China Cosco Holdings Co., the world’s biggest operator of dry-bulk ships, sank 5.9 percent in Hong Kong after forecasting a loss. Among stocks that advanced today, JFE Holdings Inc., Japan’s second-largest steelmaker, and Hitachi Ltd., the country’s biggest manufacturer, climbed more than 4 percent on brokerage upgrades. China State Construction Engineering Corp. jumped 65 percent on its first day of trading in Shanghai, while BBMG Corp., the biggest cement supplier in Beijing, surged 58 percent in its Hong Kong debut. Consumer Confidence Futures on the Standard & Poor’s 500 Index lost 0.4 percent. The gauge fell 0.3 percent yesterday after the Conference Board’s index of U.S. consumer confidence slid to 46.6 in July, compared with the 49 projected by economists. The report caused commodity prices to fall. A gauge of six metals in London sank 1.2 percent yesterday, the first decline in 12 days. Copper fell the most in two weeks, while crude oil retreated 1.7 percent to $67.23 a barrel in New York, the first drop in four days. Rio declined 2.4 percent to A$57.97. Sumitomo Metal Mining Co., Japan’s biggest nickel and gold producer, lost 0.8 percent to 1,453 yen. Jiangxi Copper Co., China’s largest producer of the metal, lost 5.9 percent to 44.03 yuan in Shanghai after saying first-half profit may fall between 57 percent and 64 percent from a year earlier. Lower Prices China Petroleum, commonly known as Sinopec, fell 5 percent to HK$6.78. China’s government cut prices on gasoline and diesel by at least 3.3 percent, reversing a trend of rising ceilings. Lower prices reduce profit margins for refiners. Shimano slumped 4.7 percent to 3,660 yen after profit fell 48 percent in the first half of the year. DeNA tumbled 9.4 percent, the MSCI Asia Pacific Index’s biggest decline, to 288,900 yen after first-quarter net income dropped by 26 percent. KBC Securities Japan downgraded the stock to “sell.” In Hong Kong, China Cosco sank 5.9 percent to HK$10.92 after saying it expects to post a net loss for the first half of 2009 because the global recession hurt international trade. “Investors don’t want to actively engage in trading when major companies report results,” said Hiroichi Nishi, an equities manager at Tokyo-based Nikko Cordial Securities Inc. “People have to see whether corporate earnings will start to recover in the second half.” Japanese Production Analysts have boosted estimates since the beginning of April for companies in Asia outside Japan, according to data compiled by Bloomberg. Profit forecasts have actually declined within Japan, the data show. The MSCI Asia Pacific Index rallied 57 percent through yesterday from a more than five-year low on March 9 on rising confidence the worst of the global recession has passed. A government report tomorrow may show Japan’s manufacturers increased production for a fourth month in June, capping the largest quarterly output expansion in more than 50 years. Federal Reserve Bank of San Francisco President Janet Yellen said yesterday the U.S. economy is showing the “first solid signs” of emerging from the recession and should resume growth later this year. Companies on the MSCI Asia trade at 24.7 times estimated profit, about double the level at the beginning of this year, as investors bet earnings will recover. The ratio compares with 16.3 times for the Standard & Poor’s 500 Index. Steelmakers Advance JFE, the steelmaker that yesterday forecast a return to profit, rose 4.2 percent to 3,700 yen. Takashi Enomoto, an analyst at Bank of America Corp.’s Merrill Lynch & Co. unit, boosted his target price on the stock as exports to China are rising and the shares look cheap based on estimated earnings. Hyundai Steel Co., South Korea’s biggest maker of construction steel, advanced 4.2 percent to 66,700 won. The company reported second-quarter profit that beat analyst estimates on a stronger won and lower costs. The “market environment may improve in the second half, helped by increasing demand from the public sector and seasonal demand,” the company said in an e-mailed statement. Hitachi climbed 5.5 percent to 309 yen. The company reported a 50 billion yen ($529 million) operating loss yesterday, which Nomura Holdings Inc. analyst Masaya Yamasaki said was likely better than the company’s own projection. The shares were boosted to “overweight” at JPMorgan Chase & Co. |
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Blastoff
Elite |
29-Jul-2009 13:18
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SINGAPORE shares were lower at midday on Wednesday with the benchmark Straits Times Index down 5.15 points, or 0.20 per cent, at at 2,618.89. About 1.53 billion shares were traded. Losers beat gainers 310 to 160. |
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richtan
Supreme |
29-Jul-2009 11:42
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HSI daily chart shows upward breakout of the bullish expanding triangle continuation pattern, the breakout resistance line should now becomes the support but TA is not infallible, so dyodd. 
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dealer0168
Elite |
29-Jul-2009 10:13
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Not seems like, already drop around -200
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dealer0168
Elite |
29-Jul-2009 10:12
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Hang Seng index seems like dropping now. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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des_khor
Supreme |
29-Jul-2009 10:06
Yells: "Tell me who is the God or MFT from this forum??" |
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This Nikkei is super star for the month !!
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richtan
Supreme |
29-Jul-2009 10:05
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Nikkei still  up strongly:
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Blastoff
Elite |
29-Jul-2009 07:09
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Choppy day for stocksMarkets seesaw as investors eye a weak reading on consumer sentiment following a big rally. NEW YORK (CNNMoney.com) -- Stocks ended mixed Tuesday as investors weighed a weaker-than-expected consumer confidence report and a better-than-expected housing report in the aftermath of a big rally. The Dow Jones industrial average (INDU) lost 12 points, or 0.1%. The S&P 500 (SPX) index fell almost 3 points, or 0.3%. The Nasdaq composite (COMP) rose 7 points, or 0.4%. Stocks have gained for the last two weeks, as investors have breathed a sigh of relief that second-quarter results have been mostly better than expected. The Dow and S&P 500 have added around 11.5% and the Nasdaq has gained 12%. But after such a big run in a short period of time, stocks have become vulnerable. Sprint Nextel (S, Fortune 500), Time Warner (TWX, Fortune 500), Aetna (AET, Fortune 500) and ConocoPhillips (COP, Fortune 500) are all due to report results Wednesday morning. The June durable goods orders report is also due Wednesday morning, along with the weekly crude oil inventories report from the Energy Information Administration. In the afternoon, the Federal Reserve releases its periodic "Beige Book" report on economic activity in its 12 districts. Economy: Consumer confidence slipped for the second straight month, the Conference Board reported, as growing joblessness and a prolonged recession took a toll on investor psychology. The index dipped to 46.6 in July from 49.3 in June. Economists thought the index would slip to 49, according to a Briefing.com survey. "Confidence has remained low, and with unemployment rising to over 10% in the next few months, it's going to remain low," said Scott Anderson, senior economist at Wells Fargo. As a result of growing joblessness and weak consumer confidence, spending by consumers is likely to remain sluggish, he said. That doesn't bode well for GDP growth, which drives two-thirds of consumer spending. On Friday, the government releases the initial reading on second-quarter GDP. The report is expected to show that GDP shrank at a 1.5% pace, according to economists, after shrinking at a 5.5% pace in the first quarter. The slower pace may signal better times are on the horizon. On a more positive note, a key measure of home prices showed its first monthly increase in three years. The S&P/Case-Shiller 20-city home price index rose 0.5% in May. The index dropped 17.1% versus a year ago, short of forecasts for a bigger drop of 17.9%. It was the fourth month in a row that the pace of declines lessened. On Monday, another report showed sales of new homes rose more than expected in May. "I do think we are seeing a bottoming in the housing market," Anderson said. "Sales activity has picked up for both new and existing homes and that has helped stabilize prices. But it's mostly about affordability." Oil prices and stocks: Among the companies reporting results on Tuesday, Valero Energy (VLO, Fortune 500) reported weaker revenue and earnings that topped estimates. Shares fell 2.4%. It was one of several oil services companies tumbling, along with the price of crude. U.S. light crude oil for September delivery fell $1.15 to settle at $67.23 a barrel on the New York Mercantile Exchange. Dow components Chevron (CVX, Fortune 500) and Exxon Mobil (XOM, Fortune 500) both declined modestly. The Amex Oil (XOI) index fell 1.4%. Other company news: Bank of America (BAC, Fortune 500) shares gained after the company said it plans to reduce some of its 6,100 branch network. Reports said it planned to cut as much as 10% of the network, but the bank said the figure was smaller. In deal news, IBM (IBM, Fortune 500) said it will buy Chicago-based business software maker SPSS in an all-cash deal worth $50 per share or $1.2 billion. Sprint Nextel (S, Fortune 500) will buy the remaining 87% of Virgin Mobil it doesn't already own in an all-stock deal worth $5.50 per share or $483 million. Media conglomerate Viacom (VIA) reported weaker quarterly profit that nonetheless topped expectations. This week is the biggest for corporate results, with 146 of the S&P 500 due to release reports. So far, 77% of reported earnings have topped forecasts, versus the long-term average of 61%, according to earnings tracker Thomson Reuters. Bonds: Treasury prices rose, lowering the yield on the benchmark 10-year note to 3.70% from 3.72% late Monday. Treasury prices and yields move in opposite directions. The 2-year notes declined after a $42 billion auction did not generate as much interest as the prior month's 2-year note auction. Other markets: In global trading, European and Asian markets ended higher. In currency trading, the dollar fell versus the euro and fell against the Japanese yen. COMEX gold for December delivery fell $14.60 to settle at $941.70. Market breadth was negative. On the New York Stock Exchange, losers beat winners by a narrow margin on volume of 1.24 billion shares. On the Nasdaq, advancers topped decliners by seven to six on volume of 2.24 billion shares. |
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Blastoff
Elite |
28-Jul-2009 07:10
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Stocks muster gainsWall Street ends a volatile session with a modest advance as investors mull the latest profit reports. New home sales beat forecasts.The Dow Jones industrial average (INDU) added 15 points, or 0.2%. The S&P 500 (SPX) index climbed 3 points, or 0.3%. The Nasdaq composite (COMP) gained 2 points, or 0.1%. In the last two weeks, the Dow and S&P 500 have both gained more than 11% as investors welcomed better-than-expected results. After such an advance, stocks were mixed Monday. Worries about the economy in the wake of a dour June jobs report dragged on stocks in early July, with investors betting that second-quarter results would disappoint, said Ron Kiddoo, chief investment officer at Cozad Asset Management. But the reports so far have been largely better than expected and stocks have rallied in response. "Even if it's mostly just cost cutting that's driving the earnings, people are relieved," Kiddoo said. So far, reported earnings are beating expectations by 77% versus the long-term average of 61%, according to earnings tracker Thomson Reuters. But only a little more than one-third of the S&P 500 companies have reported so far. This week brings the biggest batch of corporate results yet, with 146 of the S&P 500 companies due to release results. A better-than-expected new home sales report seemed to have little impact on the broad market, although it did lift housing stocks, with the Philly Housing index climbing 2%. "We've had a terrific rally, so it's not surprising that we're not seeing a big reaction to the housing number," said Michael Church, president at Addison Capital. He said that, looking forward, the stock market can probably keep grinding higher, and that the economic data will continue to support that move. Tuesday brings the July reading on consumer confidence from the Conference Board and the S&P/Case-Shiller Home Price index Corporate results: Monday brought quarterly results from a number of companies, including Dow component Verizon Communications (VZ, Fortune 500). Verizon reported weaker earnings and stronger revenue, both of which were in line with estimates. But the telecom also said it was cutting 8,000 jobs in its wireline business, due to the impact of the recession. Shares of the Dow component fell 1.6%. Honeywell (HON, Fortune 500) reported weaker earnings that met estimates and weaker revenue that missed estimates. The aerospace and transportation manufacturing giant also warned that 2009 earnings and sales will come in at the low end of its previous forecast. Shares ended the day modestly higher. RadioShack (RSH) reported higher quarterly earnings that topped estimates, thanks to lower costs and better sales of netbooks, prepaid wireless handsets and digital televisions. However, investors took a "sell the news" approach, sending shares 6.6% lower. Aetna (AET, Fortune 500) said its profit slumped due to higher medical expenses. The health insurer reported weaker earnings that missed estimates on higher revenue that topped estimates. Aetna also cut its 2009 profit forecast. Shares fell 2.7%. Other movers: A variety of bank shares rose, including Wells Fargo (WFC, Fortune 500) and Dow component Bank of America (BAC, Fortune 500). Regional banks surged too, including KeyCorp (KEY, Fortune 500), Regions Financial (RF, Fortune 500) and Fifth Third Bancorp (FITB, Fortune 500). The KBW Banking (BKX) index rallied 3.1%. Market breadth was positive. On the New York Stock Exchange, winners beat losers by almost two to one on volume of 1.04 billion shares. On the Nasdaq, advancers beat decliners five to four on volume of 2.16 billion shares. Economy: New home sales in June rose to a 384,000 unit annual rate from a revised 346,000 unit annual rate in May. Economists surveyed by Briefing.com expected 352,000. However, sales fell 28% versus a year ago. (Full story) Reports are due later this week on durable goods orders, jobless claims, manufacturing and GDP. Economists expect that second-quarter GDP shrank at a 1.5% annualized rate after shrinking at a 5.5% annualized rate in the first quarter. Bonds: Treasury prices slipped, raising the yield on the benchmark 10-year note to 3.72% from 3.66% late Friday. Treasury prices and yields move in opposite directions. Other markets: In global trading, European and Asian markets ended higher. In currency trading, the dollar fell against the euro and gained against the Japanese yen. U.S. light crude oil for September delivery rose 33 cents to settle at $68.38 a barrel on the New York Mercantile Exchange. COMEX gold for August delivery rose 40 cents to settle at $954.20 an ounce. |
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richtan
Supreme |
27-Jul-2009 16:21
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Stocks in Europe, Asia Advance; U.S. Index Futures Increase By Adam Haigh July 27 (Bloomberg) -- European and Asian shares advanced and U.S. futures rose, pushing the MSCI World Index higher for an 11th day, on speculation profits will improve as the global economic slump eases. Pearson Plc jumped 9.4 percent as the owner of the Financial Times newspaper posted an increase in first-half earnings. Nomura Holdings Inc., Japan’s largest brokerage, rose 3.1 percent after the Nikkei newspaper said the company may post its first quarterly profit since 2007. BHP Billiton Ltd. and Anglo American Plc led gains among raw-material producers as metals rallied. The MSCI World added 0.5 percent for the longest winning streak since June 2003. The gauge of 23 developed nations has rallied 12 percent since July 10 after better-than-expected earnings at companies from Goldman Sachs Group Inc. to Roche Holding AG and Apple Inc. Japan’s Nikkei 225 Stock Average posted the most consecutive daily gains in more than two decades. “It will become clear that the current level of share prices is fundamentally justified,” said Tammo Greetfeld, a senior equity strategist at UniCredit Markets & Investment Banking in Munich. “We are pretty confident that in this current phase of a reality test where investors examine whether the economic recovery is broad enough, quick enough, sustained enough, that this will have a positive outcome,” he told Bloomberg Television. European, Asian Stocks Europe’s Dow Jones Stoxx 600 Index advanced 0.6 percent today and the MSCI Asia Pacific Index rose 1.1 percent. Futures on the Standard & Poor’s 500 Index added 0.1 percent. U.S. stocks gained on July 24 after Federal Reserve Chairman Ben S. Bernanke said the central bank is “winding down” emergency measures aimed at curbing the financial crisis. Analysts are raising U.S. earnings estimates for the first time since credit markets froze two years ago. Wall Street firms raised forecasts on S&P 500 companies 896 times in June and lowered 886, according to data compiled by JPMorgan Chase & Co. The last time analysts were bullish on a net basis was in April 2007, before more than $1.5 trillion of bank losses tied to subprime loans spurred the first global recession since World War II, the data show. Sales of new homes in the U.S. probably climbed in June to the highest level in four months, adding to evidence the housing slump that began in 2005 is stabilizing, economists said ahead of a Commerce Department report due at 10 a.m. in Washington. German consumer confidence rose for a third month on retreating inflation and signs the economy is starting to recover. GfK AG’s sentiment index for August, based on a survey of about 2,000 people, increased to 3.5 from a revised 3 for July, a 14-month high, the market-research company said today. Pearson Jumps Pearson surged 9.4 percent to 663 pence as it expanded the international education business and reduced reliance on advertising revenue. Net income was 28 million pounds ($46 million), compared with a net loss of 62 million pounds a year earlier. Sales rose 22 percent to 2.4 billion pounds. More than half of per-share earnings at European companies that have reported results since July 8 beat analyst forecasts, according to Bloomberg data. Profits in the Stoxx 600 fell 31 percent on average in the period, while 41 out of 75 companies have reported better-than-estimated results, the data show. Japan’s three largest brokerages, Nomura, Daiwa Securities Group Inc. and Nikko Cordial Corp., likely swung to profit last quarter on rising mutual fund sales and underwriting fees, the Nikkei said yesterday. Nomura jumped 3.1 percent to 820 yen. Daiwa rose 4.5 percent to 559 yen. The Nikkei 225 climbed 144.11, or 1.5 percent, to 10,088.66, its second-highest close for 2009. Mining Companies BHP Billiton, the world’s largest mining company, gained 1.4 percent to 1,576 pence. Anglo American added 1.6 percent to 1,946 pence. Copper rallied to the highest in almost 10 months in London on speculation demand will rise on a global economic recovery. Solarworld AG gained 7.8 percent to 18.76 euros after Germany’s third-largest solar company confirmed its sales outlook for 2009. Ryanair Holdings Plc, Europe’s largest low-cost airline, slumped 10 percent to 3.03 euros. Chief Executive Officer Michael O’Leary said in a statement that “full-year net profit will be towards the lower end of the 200 million euros to 300 million euros range.” Rexam Plc sank 9.1 percent to 294.25 pence. The world’s biggest beverage-can maker said it’s considering a sale of shares to help defend its credit rating against a drop to junk. To contact the reporter on this story: Adam Haigh in London at ahaigh1@bloomberg.net Last Updated: July 27, 2009 03:58 EDT |
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richtan
Supreme |
27-Jul-2009 16:02
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richtan
Supreme |
27-Jul-2009 15:52
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richtan
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27-Jul-2009 14:54
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Nikkei is still holding up very strong: 
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Blastoff
Elite |
27-Jul-2009 13:56
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SINGAPORE shares were higher at midday Monday with the benchmark Straits Times Index up 43.82 points, or 1.73 per cent, to 2,577.25. About 1.2 billion shares were traded until the break. Gainers beat losers 426 to 96. |
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richtan
Supreme |
27-Jul-2009 09:36
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Asian Stocks Advance for 10th Day, Longest Streak Since 2004 By Patrick Rial and Kotaro Tsunetomi July 27 (Bloomberg) -- Asian stocks rose for a 10th day, driving the MSCI Asia Pacific Index to its longest winning streak since 2004, on confidence earnings will increase at financial and mining companies. Nomura Holdings Inc., Japan’s largest brokerage, rose 3.7 percent after the Nikkei newspaper said the company will likely post its first quarterly profit since 2007. Rio Tinto Group, the world’s third-largest mining company, added 3.1 percent in Sydney after nickel and aluminum prices advanced. Hitachi Ltd. rallied 6.5 percent after the Nikkei said it will launch takeovers of five listed affiliates. “I expect people to focus on individual stocks with trading cues,” said Tomochika Kitaoka, a senior strategist at Mizuho Securities Co. in Tokyo. Assuming the Nikkei report on Hitachi is true, “overseas investors will likely see the plan as a chance to make Hitachi’s operations more efficient.” The MSCI Asia Pacific Index climbed 1 percent to 109.03 as of 10:07 a.m. in Tokyo, a 10th straight gain and the longest winning streak since January 2004. Stocks on the gauge traded at 24 times estimated net income, higher than the 16 times for the U.S. Standard & Poor’s 500 Index. Equity markets open for trading throughout the region climbed. Japan’s Nikkei 225 Stock Average rose 1 percent to 10,043.06. South Korea’s Kospi Index gained 1.3 percent. Futures on the S&P 500 were little changed today. The gauge added 0.3 percent on July 24 after Federal Reserve Chairman Ben S. Bernanke said the central bank is “winding down” emergency measures aimed at curbing the financial crisis. Financial Profits Japan’s three largest brokerages, Nomura, Daiwa Securities Group Inc. and Nikko Cordial Corp., which is being acquired by Sumitomo Mitsui Financial Group Inc., likely swung to profit last quarter on rising mutual fund sales and underwriting fees, the Nikkei said yesterday. Nomura jumped 3.7 percent to 824 yen. Daiwa rose 3.9 percent to 556 yen. The nation’s top three banks also likely became profitable last quarter with a combined net income of as much as 200 billion yen ($2.1 billion), the Mainichi newspaper reported on July 25. Mitsubishi UFJ Financial Group Inc., the country’s biggest publicly traded lender, rose 1.8 percent to 560 yen, while Mizuho Financial Group Inc. gained 1.9 percent to 212 yen. Sumitomo Mitsui added 1.6 percent to 3,830 yen. Rio Tinto jumped 3.1 percent to A$59.32. Mitsui & Co., which generates more than half its profits from commodities dealing, climbed 2.2 percent to 1,197 yen. Fortescue Metals Group Ltd., Australia’s third-largest iron ore producer, gained 2.1 percent to A$4.42. Oil, Metals A gauge of six metals in London climbed for a 10th day to a level not seen since Oct. 9. Crude oil rose 1.3 percent to $68.05 a barrel in New York on July 24, the highest settlement since July 1. Oil dipped 0.4 percent today. Hitachi rallied 6.5 percent to 313 yen after the Nikkei said the electronics giant will make five listed affiliates into wholly owned subsidiaries. Hitachi Maxell Ltd., Hitachi Plant Technologies Ltd., Hitachi Information Systems Ltd., Hitachi Software Engineering Co. and Hitachi Systems & Services Ltd., were all untraded with the shares bid higher by as much as 11 percent. A separate Nikkei report said yesterday that JTEKT Corp., a Toyota Motor Corp. affiliate, will spend as much as 40 billion yen to acquire the needle bearings business of U.S.-based Timken Co. JTEKT rallied 4.4 percent to 1,038 yen. To contact the reporter for this story: Patrick Rial in Tokyo at prial@bloomberg.net; Kotaro Tsunetomi in Tokyo at ktsunetomi@bloomberg.net. Last Updated: July 26, 2009 21:12 EDT |
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