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STI to cross 3000 boosted by long-term investors
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LoveToInvest
Veteran |
12-Jul-2013 06:23
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$$$ pump into equities from bond, another rounds of uptrend coming our way,sit tight and enjoy our Huat Kueh!!!!发 个 不 停 ！ | ||||
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GorgeousOng
Elite |
12-Jul-2013 06:07
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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Dow up 169...
见 好 就 收 ！ Is time to take profit yeo! Have a great day!!! |
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LoveToInvest
Veteran |
12-Jul-2013 00:00
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Good night everyone..Shack out Liao for these few days of hard work..Should treat myself something nice..
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LoveToInvest
Veteran |
11-Jul-2013 23:55
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Indeed very bullish across region, distributing of wealth equally.Not advisable to short tomorow. It will go up and halt for a while before it shoot up again due to heavy buying volume.Weekend have Green Huat Kueh to eat with family Liao,
皆 大 欢 喜 ,发 个 不 停 ！
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teeth53
Supreme |
11-Jul-2013 23:45
Yells: "don't learn through life, learn to grow with life " |
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http://money.cnn.com/data/markets/dow/?iid=intnlmrkt  +140.59 / +0.92% to 15,432.25 points
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LoveToInvest
Veteran |
11-Jul-2013 23:16
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CEO Peter Pan
Pls post Green Huat Kueh Huat Ah...
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LoveToInvest
Veteran |
11-Jul-2013 23:14
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I am turning super bullish now!!!!!
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LoveToInvest
Veteran |
11-Jul-2013 23:13
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A very good piece of news loud and clear!!!!!Cheers for those who long
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LoveToInvest
Veteran |
11-Jul-2013 23:11
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By Chuck Mikolajczak
NEW YORK (Reuters) - Stocks jumped on Thursday, with each of the major indexes gaining 1 percent, after comments by U.S. Federal Reserve Chairman Ben Bernanke indicated the central bank was unlikely to scale back its stimulus measures earlier than expected. Bernanke, at an economic conference in Cambridge, Massachusetts on Wednesday, said a highly accommodative monetary policy was needed for the foreseeable future, and that the U.S. unemployment rate of 7.6 percent overstated the health of the job market. "His statement that they will be highly accommodative for the foreseeable future is pretty clear and the market loved it," said Doug Cote, chief market strategist at ING U.S. Investment Management in New York. "That statement was very clear and that is what the market is reacting to, because he is in charge." The Fed chairman's comments on May 22 had first raised the prospect of an earlier-than-expected move by the central bank to scale back its bond buying program, triggering a drop in the S&P 500 (^GSPC) of as much as 5.8 percent by June 24 from an all-time high of 1,687.18. Bernanke's latest remarks sent the dollar (NYF:^) lower and boosted commodities such as gold and copper. U.S.-listed shares of Barrick Gold (ABX.N) climbed 6.4 percent to $14.90 while Freeport McMoRan Copper & Gold (FCX) gained 4.1 percent to $28.40. The Dow Jones industrial average (^DJI) gained 152.05 points, or 0.99 percent, to 15,443.71. The Standard & Poor's 500 Index (^GSPC) climbed 18.21 points, or 1.10 percent, to 1,670.83. The Nasdaq Composite Index (^IXIC) rose 39.92 points, or 1.13 percent, to 3,560.68. The benchmark S&P 500 had risen 2.4 percent over the prior five sessions, its longest winning streak since early March, on optimism over improving economic data and anticipation of a better-than-expected earnings season. Economic data showed initial claims for state unemployment benefits increased by 16,000 to a seasonally adjusted 360,000, above expectations calling for 240,000 new filings. Export prices fell by 0.1 percent, matching the expectation in a Reuters poll, while import prices slipped 0.2 percent last month versus expectations calling for unchanged import prices, signaling global economic growth may be cooling. Celgene Corp (CELG), up 8.4 percent to $135.56, was the top boost to both the S&P 500 and the Nasdaq 100 (^NDX) after the company said a late-stage trial of its cancer drug Revlimid met the main goal of improving survival in newly diagnosed blood cancer patients. Microsoft Corp (MSFT) rose 1.3 percent to $35.14 after the company announced a reorganization it said will allow the software maker to deliver multiple devices and services as a single company. Sales at U.S. retailers, including Costco Wholesale Corp (COST), and L Brands Inc (LTD.N), the company that runs Victoria's Secret, suggest that overall U.S. consumer spending is improving while discretionary spending may remain under pressure. Costco shares gained 1 percent to $114.81 while the S&P retail index (.SPXRT) advanced 0.7 percent. LTD was up 2 percent at $51.60. Analysts expect S&P 500 companies' second-quarter earnings to have grown 2.5 percent from a year ago, with revenue up 1.5 percent, according to Thomson Reuters data. Advanced Micro Devices Inc (AMD) jumped 5.3 percent to $4.19, after Bank of America Merrill Lynch upgraded it to "buy" from "underperform." The PHLX semiconductor index (.SOX) rose 1.5 percent. (Editing by Bernadette Baum) http://finance.yahoo.com/news/futures-jump-wake-bernanke-comments-112529498.html?l=1
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LoveToInvest
Veteran |
11-Jul-2013 22:20
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That's great when Ben is telling the truth
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LoveToInvest
Veteran |
11-Jul-2013 20:50
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U.S jobless claim unexpected increased!!!!!!
As Expected Will it caused the market to wobble in the opening minutes? Jobless Claims in U.S. Unexpectedly Climbed to Two-Month High The number of Americans filing for unemployment benefits unexpectedly increased to a two-month high last week. Swings in jobless applications are typical in July as auto plants close for annual retooling. First-time claims rose by 16,000 to 360,000 in the week ended July 6 from a revised 344,000, Labor Department figures showed today in Washington. The median forecast of 47 economists surveyed by Bloomberg called for a drop to 340,000. Claims are difficult to adjust in July for seasonal events such as vehicle plant shutdowns and the Independence Day holiday, a Labor Department spokesman said as the data were released. Firings need to keep waning to lay the groundwork for a pickup in hiring once the effect of higher taxes and federal budget cutbacks fades in the second half of the year. Sustained job gains would help propel income growth and underpin household spending, the biggest part of the economy. “Businesses have been running with very tight workforce levels,” Russell Price, a senior economist at Ameriprise Financial Inc. in Detroit, said before the report. “We expect even a small incremental increase in demand will create the need for more workers.” Another report from the Labor Department showed import prices fell for a fourth straight month in June as costs declined for food, natural gas and motor vehicles. Stock-index futures maintained gains after the figures, with the contract on the Standard & Poor’s 500 Index expiring in September rising 1 percent to 1,664.5 at 8:36 a.m. in New York. Economists’ Forecasts Economists’ estimates in the Bloomberg survey ranged from claims of 315,000 to 380,000 after an initially reported 343,000 the previous week. There was nothing unusual in the data for last week and no states estimated jobless claims, the Labor spokesman said. The four-week moving average, a less volatile measure than the weekly figures, climbed to 351,750 last week from 345,750. The number of people continuing to receive jobless benefits rose by 24,000 to 2.98 million in the week ended June 29. The continuing claims figure does not include the number of Americans receiving extended benefits under federal programs. Those who’ve used up their traditional benefits and are now collecting emergency and extended payments decreased by about 22,700 to 1.65 million in the week ended June 22. The unemployment rate among people eligible for benefits, which tends to track the jobless rate, held at 2.3 percent in the week ended June 29, today’s report showed. States Breakdown Thirty-three states and territories reported an increase in claims, while 20 reported a decline. These data are reported with a one-week lag. Auto plants typically shut down to retool for the new model year, often playing havoc with the claims data in July. “Claims could be in for a bumpy ride over the next couple weeks,” said Tom Simons, an economist at Jefferies LLC in New York. “Changes in production schedules in the auto sector could again cause some volatility in initial jobless claims, making the data difficult to interpret.” Ford Motor Co. (F) said it will idle most of its North American assembly plants for one week this summer instead of two, to increase output. Three of Chrysler Group LLC’s assembly plants and all except one of its engine, transmission and stamping factories will skip a summer shutdown this year. Since its 2009 bankruptcy, General Motors Co. (GM) hasn’t had a formal summer shutdown, Mark Reuss, president of the company’s North American operations, told reporters in May. Auto Sales GM and Ford, makers of the best-selling big pickups in the U.S., reported new-vehicle deliveries in June that topped estimates as the industry selling pace accelerated to the fastest in 67 months. Initial jobless claims reflect weekly firings and typically wane before job growth accelerates. Payrolls rose by 195,000 workers for a second month in June, indicating the U.S. is poised for faster growth as it shakes off the impact of tax increases and budget cuts. The jobless rate stayed at 7.6 percent, close to a four-year low. Some companies are paring headcount. Sprint Nextel Corp. (S), the third-largest wireless carrier, said this week in a filing that it will exit some leases related to Clearwire Corp.’s commercial offices, cell towers and retail stores, and reduce employee headcount in connection with the merger. Clearwire shareholders on July 8 voted in favor of Sprint’s bid for full control of the wireless Internet operator. Fed’s Bernanke Federal Reserve Chairman Ben S. Bernanke said last month that the central bank may start reducing the pace of bond buying this year and end the purchases around the middle of next year if the economy finally achieves the sustainable growth the Fed has sought since the recession ended in 2009. Many Fed officials want to see more signs employment is picking up before they’ll begin scaling back $85 billion in monthly bond purchases, according to minutes of policy makers’ June meeting released yesterday. Policy makers also project inflation will remain at or below their goal. Today’s Labor Department figures on import prices showed scant signs of cost pressures. The import price index fell 0.2 percent in June after a 0.7 percent decrease. The median forecast of 44 economists in a Bloomberg survey called for no change. Prices rose 0.2 percent over the past 12 months after slumping 1.9 percent. Minus Fuel Excluding fuel, import costs fell 0.3 percent last month, and were down 1 percent from June 2012. Prices of imported auto dropped 0.3 percent from a month earlier, natural gas and food each fell 1.2 percent, and industrial supplies decreased 0.3 percent. Demand for commodities may be limited as Europe and other global markets continue to struggle. American companies facing overseas competition for manufactured goods have little ability to raise prices. The import-price index is the first of three monthly price gauges from the Labor Department. Producer prices are due tomorrow and the consumer-price index on July 16. To contact the reporter on this story: Shobhana Chandra in Washington at schandra1@bloomberg.net To contact the editor responsible for this story: Christopher Wellisz at cwellisz@bloomberg.net
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LoveToInvest
Veteran |
11-Jul-2013 20:20
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By Marc Jones
LONDON (Reuters) - Shares and bonds rallied globally on Thursday and the dollar tumbled after the head of the U.S. central bank signaled it may not be as close to winding down its stimulus policy as markets had begun to think. Fed Chairman Ben Bernanke said on Wednesday the overall message coming from the central bank was that "a highly accommodative policy is needed for the foreseeable future. Despite minutes from the Fed's June meeting showing half of its policymakers think its $85 billion-a-month stimulus program should be wound down by the end of the year, his message was enough to snap markets back into buying mode. European bonds from Germany to Greece tracked gains in U.S. debt and European shares (.FTEU3) climbed almost 1 percent to push MSCI's world index to its highest in almost a month. "Bernanke's comments were taken by the markets as much more dovish so I suspect it will be a good day for risk markets," said Saxo bank Chairman and senior market analyst Nick Beecroft. "We are still in a bit of a sweet spot for equity markets. The economy is doing well enough to encourage equity markets about future earnings, but not too hot to cause the Fed to remove accommodation." The dollar (.DXY), which had touched three-year highs before Wednesday's Fed remarks, tumbled 1.2 percent against a basket of major currencies, while the euro roared to a three-week high of $1.32085 before easing to $1.3042 by 0920 GMT (5.20 a.m. EDT). The big stock and bond swings over the last few weeks have highlighted the tricky task the Fed and other central banks have as they try and wean markets off the cheap and easy money they have provided during the global financial crisis. "Communication is a real challenge for the Fed so brace for further whipsaws on Bernanke's semi-annual testimony (next week)," said Sean Callow, a currency strategist at Westpac. HSBC currency analyst Daragh Maher said there had actually been very little difference in Bernanke's wording compared with last month's Fed press conference, and that the volatility was down to markets' habit of overreacting. "The things he said were almost exactly the same... A mixed emphasis from the market is what we are really seeing rather than it being a mixed message from the Fed." EMERGING RELIEF Relief was also evident in emerging markets, some of the hardest hit by the idea of a change in tack in global monetary policy, with emerging equities and currencies rising including the recently-battered Turkish lira (EMRG/FRX). Commodity markets took a boost from the prospect of sustained support by the Fed, along with European and Japanese central banks, supporting global economic growth. Copper prices gained 3.2 percent to exceed $7,000 a metric ton (1.1023 tons), hitting a three-week high. Gold climbed 2.7 percent to a three-week high and was on track for a fourth straight day of gains while U.S. crude oil prices added 0.7 percent to their highest level since March 2012. Commodity currencies also jumped, with the Australian dollar climbing as high as $0.9306, further off a 34-month trough of $0.9036 plumbed just last week. It was helped by a surprise increase in Australian employment in June, which may lessen any near-term risk of more interest rates cuts. But as the yen strengthened, Tokyo's Nikkei share average (.N225) underperformed other Asian markets, up 0.4 percent. The Bank of Japan kept monetary policy steady at its latest meeting but said an economic recovery was underway, its most optimistic view in 2-1/2 years reflecting the positive impact of a weakening yen and its massive stimulus plan. (Editing by Susan Fenton/Ruth Pitchford) http://finance.yahoo.com/news/asian-shares-hit-three-week-023217339.html?l=1 |
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gufeng88
Senior |
11-Jul-2013 19:16
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Short sell orders executed on
11 July 2013 |
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nismonur
Member |
11-Jul-2013 17:45
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大 家 一 起 huat ah $$$$$$$$$$$$$$$$$$$$$ | ||||
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pipi486
Member |
11-Jul-2013 17:28
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wow STI up 2% today, song song gao jurong ah huat ah $$$$$$$$$$$$$$$$$$$$$$$$ | ||||
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Dividend_Warrior
Senior |
11-Jul-2013 17:12
Yells: "I am getting $1100 per month in dividends :)" |
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Singtel closed at 3.92!!! | ||||
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Octavia
Elite |
11-Jul-2013 16:59
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euro markets are up and dow futures +142. | ||||
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Dividend_Warrior
Senior |
11-Jul-2013 16:07
Yells: "I am getting $1100 per month in dividends :)" |
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Dun worry! 
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GorgeousOng
Elite |
11-Jul-2013 16:04
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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Dow fut + 142 still steady Pom Pi Pi! | ||||
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ruready
Master |
11-Jul-2013 15:27
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Indonesia increase interest rate to 6.5....not a good decision | ||||
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