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STI to cross 3000 boosted by long-term investors
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krisluke
Supreme |
24-Jan-2011 09:17
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wow !! jardine c & c adding strength to sti. got hope liao :) |
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krisluke
Supreme |
24-Jan-2011 07:57
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2011 is still a good year. Q2 will be better after inflation and interest rate hike. can consider to put small portion of income to investment. Actually increase interest rate hike is a good sign, this show that the country economy is blooming. wondering when will usa increase interest rate ?
Click !! amazing sand drawing from last year feb 2010. http://www.metacafe.com/watch/3255778/kseniya_simonovas_amazing_sand_drawing/ let's hope to see a repeated of a rally in february 2011 together.
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tanglinboy
Elite |
23-Jan-2011 18:59
Yells: "hello!" |
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Thanks. Useful info. | ||||
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krisluke
Supreme |
23-Jan-2011 15:52
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NEW DELHI: India's central bank is expected this week to hike interest rates for the seventh time in less than 12 months to clamp down on soaring inflation as clouds gather over the country's booming economy. Shares in India, one of 2010's hottest markets, have fallen to three-month lows due to expectations of interest rate rises, which will dampen economic growth currently running at 8.5-9.0 per cent in Asia's third-biggest economy. Annual inflation zoomed in December to 8.43 per cent, up by nearly a percentage point from the previous month, led by a spike in the cost of food, petrol prices and commodities. The Reserve Bank of India (RBI) has warned of "surging inflation." Further souring the mood, investment house Goldman Sachs issued an alert this month on India and China over inflation, telling clients to shift into Wall Street and other Old World share markets as a safer bet in coming months. "We expect the Reserve Bank will raise rates by 25 basis points but the possibility of 50 basis points also has to be entertained," said HSBC chief economist Lief Lybecker Eskesen. Rising prices have emerged as a major political and economic challenge in emerging markets across Asia, with China also expected to raise interest rates early next month to combat 5.0-per cent inflation and a property bubble. In India, pressure has been steadily growing on the central bank and government to act to rein in inflation which threatens Prime Minister Manmohan Singh and his Congress party in the run-up to key state elections this year. Rising food prices have added to public anger over a series of massive corruption scandals, creating a toxic mix for Singh's administration just 18 months into its second term. The price of onions, for example -- a staple on family shopping lists and known as a politically potent issue -- has tripled to 80 rupees ($1.75) a kilogramme in a few months. "A lot of countries are still flirting with deflation. On the other hand, we are having surging inflation," RBI governor Duvvuri Subbarao said last week. India's central bank has been one of the most aggressive in raising the cost of borrowing as the South Asian economy roared out of the global downturn. It has raised rates six times since last March, pushing the repo -- the rate on loans it makes to commercial banks -- to 6.25 per cent and the reverse repo -- the rate it pays to banks for deposits -- to 5.25 per cent. Economists are split on the efficacy of raising interest rates to tackle inflation driven by food prices, but all agree that sustained rising prices can lead to a destabilising wage-price spiral. This was one of the concerns raised by Goldman Sachs in its report on India, which also focused on a yawning record current account deficit of 4.1 per cent of gross domestic product. Investor enthusiasm for China is also cooling as it fights inflation and a property bubble amid expectations that the United States will experience a strong recovery. "Asia is not in the sweet part of the cycle. The longer-term picture of Asia outperforming the US is taking a breather," said Tim Moe, Goldman's chief Asia-Pacific strategist, British media reported. But Goldman Sachs and other economic houses say they are still bullish on the longer-term outlook for India with its vast market of 1.2 billion people. "There are near-term hiccups for sure," said Rohini Malkani, economist at Citi India. But the obstacles will "not be enough to derail the (India) story" with its vast consumer market, Malkani said. -AFP/wk // care for market // |
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krisluke
Supreme |
23-Jan-2011 15:00
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China makes biggest US Soybean deal ever ADM, BG China closed its biggest ever US Soybean purchase Friday in a US$6.7B deal equivalent to nearly 50% of last year’s total trade, surprising dealers who had expected a more symbolic transaction. With a 2nd tranche of deals Friday to buy 8.45M tonnes, Chinese firms traveling as part of President Hu Jintao’s state visit signed up to purchase 11.5M tonnes of Soybeans for delivery over the next year or so, enough to cover China’s total import needs for 2 to 3 months. While a transaction was expected, traders were surprised by the size of the agreement. Although the bulk purchase does not necessarily mean that China will import more US Soybeans than last year’s 54M+ tonnes, it may be enough to boost prices at the open Monday on the CBOT. The contracts also underscored the growing importance of US grain exports to the World’s largest country, which is expected to surpass Mexico this year as the 2nd largest buyer of US farm products. China needs to import increasing volumes of protein-rich food to feed its swelling urban ranks. Several Chinese importers, including Cofco and Sinograin, signed deals with US grain companies such as Cargill, Archer Daniels Midland (NYSE:ADM) and Bunge (NYSE:BG) and international suppliers like Louis Dreyfus. Grain traders said most of the Soybeans were for delivery in the Y 2011/12 (September-to-August) marketing year, a period in which Chinese companies have barely made any purchases to date. US Soybean futures climbed to a 30-month high this month on a robust Chinese demand outlook and concerns about crop output in parts of South America, a Key production area. // care for market // |
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krisluke
Supreme |
23-Jan-2011 14:57
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TOKYO — A Japanese rocket carrying supplies for the International Space Station successfully lifted off from a remote island Saturday on a mission designed to help fill a hole left by the retirement of NASA’s space shuttle program. The unmanned rocket was carrying a payload of nearly six tons of food, water, clothing and experimental equipment to the astronauts in orbit in the space station, an international project involving 15 nations. The rocket also was carrying cargo for NASA. After docking with the space station, dropping off its cargo and being loaded up with waste material, the rocket’s transfer vehicle, named “Kounotori2,” will be detached and burn itself up upon re-entering Earth’s atmosphere. Kounotori means white stork in Japanese. Applause broke out at the control center on Tanegashima Island as officials announced that the launch phase was a success. Tracking was switched to a center in Guam as the vehicle moved rapidly away from Japan. Kounotori2 is expected to reach the space station on Jan. 27. JAXA, Japan’s space agency, hopes the project will help it build expertise for similar low-cost ferrying missions and push forward manned flights of Japan’s own. Cargo missions for the ISS have become more important now that the United States has scaled back its ability to launch supplies. Since 2009, the space station has been manned by six astronauts, but keeping them fed and supplied has become a bigger challenge because of the coming retirement of the U.S. space shuttles. NASA is linking up with commercial companies to launch future cargo expeditions, but spacecraft like the one launched Saturday will also play a significant role. JAXA officials say they are studying the possibility of reconfiguring the Kounotori vehicle — which is about the size of a large passenger bus — for manned flight. Japan’s space program has yet to attempt manned flight. Japan has a module attached to the space station that can be used by astronauts, but has relied on the United States to get them there. A Russian Soyuz is to take the next Japanese astronaut to the space station in May. Japan sent cargo on its first unmanned carrier to the station in 2009. Money, more than technology, is generally seen as Japan’s biggest hurdle. JAXA’s budget for last year was $2 billion (180 billion yen), about one-fourteenth of what the U.S. spends on space exploration and less than half of what the European Space Agency spends, according to Japanese government estimates. Even so, Japan boasts a reliable booster rocket in the domestically produced H-II series — the rocket used Saturday — and was one of the leaders in launching satellites. But its program in recent years has been marred by setbacks. Last month, a Japanese probe to Venus failed to reach orbit. Officials said they have not completely given up hope and are trying to reprogram the probe to try again in another five — or if that fails six — years. Japanese scientists had been hopeful of success with the Venus probe after the country brought a probe back from a trip to an asteroid. Japan has never succeeded in an interplanetary mission. It launched a mission to Mars in 1998 that was plagued by technical glitches and finally abandoned in 2003. Russia, the United States and the Europeans have successfully explored other planets. Japan has also been overshadowed in recent years by China, which sent its first astronaut into space in 2003 and carried out its first spacewalk in 2008. — AP // care for market // |
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krisluke
Supreme |
23-Jan-2011 14:51
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BEIJING, Jan. 21 (Xinhua) — Chinese stocks closed higher Friday, with banks and property developers leading the market higher. The benchmark Shanghai Composite Index rose 1.41 percent, or 37.64 points, to close at 2,715.29 points. The Shenzhen Component Index gained 0.63 percent, or 73.22 points, to end at 11,639.96 points. Combined turnover expanded to 172.7 billion yuan (26 billion U.S. dollars) from 168.1 billion yuan (25.47 billion U.S. dollars) the previous trading day. Friday was the settlement date for the January IF1101 futures contract, resulting in active trade and share price gains. Banks and securities firms rose sharply. Industrial Bank Co., Ltd. rose 4.08 percent to 26.29 yuan. Northeast Securities Co., Ltd. gained 3.05 percent to 20.61 yuan. Property developers also rose, with Gemdale Corporation surging 6.52 percent to 7.19 yuan. Xi’an Gree Real Estate Co., Ltd. gained 4.88 percent to 8.16 yuan. China National Chemical Engineering Co., Ltd. rose by the daily limit of 10 percent, hitting 5.72 yuan after the company announced late Thursday that it had signed a 8.287-billion-yuan coal gasification deal with a Chinese coal-chemical company to produce two billion cubic meters of natural gas every year. China Thursday reported gross domestic product (GDP) growth of 10.3 percent in 2010. The nation’s consumer price index rose 4.6 percent in the year to December. Li Daokui, a central bank monetary policy advisor, has said an interest rate hike around the Spring Festival is possible. As the festival approaches, investors can expect further gains, Guangzhou Wanlong Securities report said. — Xinhua News // care for market // |
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krisluke
Supreme |
23-Jan-2011 14:46
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Chinese President Hu’s US visit Chinese President Hu’s US visit sets a new tone Chinese President Hu Jintao headed home Friday after a US visit that both sides declared a success. Hu’s visit, described by analysts as the most important US.-China meeting in 30 yrs, hit the right diplomatic notes with the pomp of a White House Summit, pledges of greater cooperation and US$45B in new business deals. Mr. Obama, who is pushing to create jobs and beat back an unemployment rate riding at 9+%, said the visit would help open China’s markets to more US exports and lead to up to 235,000 new jobs for US workers. “We want to open up their markets so that we’ve got two-way trade, not just one-way trade,” Mr. Obama told General Electric Co workers on a visit to Schenectady, New York Friday. But while he touted new access to Chinese government contracts and secure intellectual property rights, he made little headway on China’s currency policy, which analysts say has helped build China build a huge trade surplus by artificially undervaluing the Yuan. “On the currency issue, President Hu gave nothing, but no one should have expected a breakthrough,” said Elizabeth Economy, a China expert at the Council on Foreign Relations. “China will move in its own way on the issue, according to what it perceives as its own economic interests,” she said. Throughout his visit Hu sought to show that US and Chinese economic interests are largely aligned. He spent the final day of his US tour in Chicago where he visited a school and a business exhibition to press the message that China represents opportunity for US business. “I’m confident that bilateral China-US investment in the next year or 2 will grow even faster and help the United States with employment growth,” Chinese Commerce Minister Chen Deming told the business forum as more deals were signed. Analysts said President Hu’s trip was smooth enough to help improve relations after a flare-up in tensions last year over issues including trade, North Korea and Internet censorship. The World’s Top 2 economies are already closely linked and China is the largest foreign holder of US government debt. Chinese media lauded the trip as a “historic Masterstroke” to ease tensions. Chinese State television gave blanket coverage to the ceremony of Hu’s State Dinner, and welcome at the White House, showing China’s leader as a valued and honored player on the World stage.—Paul A. Ebeling, Jnr. // care for market // |
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artng25
Senior |
23-Jan-2011 10:51
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US and Europe markets showing some risk appetite but can't say the same for 'Asia'....... US$ also looks better theses days
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krisluke
Supreme |
23-Jan-2011 10:29
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arhhhh .... be happy |
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ktnpl2005
Member |
23-Jan-2011 08:53
Yells: "Be Happy!" |
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Reported in BT: Funds shifting their interest from East back to West. | ||||
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krisluke
Supreme |
23-Jan-2011 00:17
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money fleeing to where. is it going to europe and japan exluding usa and korea ? ?? maybe kanna whack by inflation fear and currency warfare.. ...
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artng25
Senior |
22-Jan-2011 21:32
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Whatever it is money seems to be leaving this region and making its way somewhere else............ | ||||
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krisluke
Supreme |
22-Jan-2011 18:14
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multiple year high for s&p 500 was 1500 points, us dollars was weak at the moment, i think shld benefit the small and middle enterprise more :)
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krisluke
Supreme |
22-Jan-2011 18:10
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anyway, i will continue to buy singapore sti shares. but a bit worried on kospi composite, look like correcting....
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krisluke
Supreme |
22-Jan-2011 18:05
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sti might be over reacted to poor bank result from dj30 and china policy to curb on inflation and on property cooling measures last week. I believe a technical rebound will be on the way next week and shld be supported by company earning report. let's hope those company would add some points to sti index. Anyone here trading futs shld bought sse futs instead of hsi fut. yesterday sse futs was highlt overbought. seems like easily money had been made. we're still left with 7 trading days before chinese new year. After this, all eyes will be on sti when majority of the company start annoucement closed book EQ for 2010. Commodities seems to be in corrective stage and CRB index overbought , my view is to be carefully. Properties could be a caught as was oversold recently on china policy. If anyone here want to trade china shares, I think szse index suit me better (less volatile). My pick on sti would be near term resistance at 3250 points and follows by 3310 points on longer terms pic. At the moments, Sti going back to 3220 points chances are very high. On ftse 100 london, the multiple years high was 6200 pts, now a bit overbought and was at correction phase. Europe always follow dj30 one. euros usually trade higher than us dollar. But us economy was in the messed after bear stearn and lehmen brothers bankruptcy. |
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Hulumas
Supreme |
22-Jan-2011 18:04
Yells: "INVEST but not TRADE please!" |
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>50% I believe in him this time!
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Hulumas
Supreme |
22-Jan-2011 18:01
Yells: "INVEST but not TRADE please!" |
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Show me your S-chips interest then we can talk further . . . Ha . ha . . ha . . .
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lowchia
Veteran |
22-Jan-2011 17:51
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Technical Analysis on STI STI index fall through the shoulder support at 3214 to affirms the fears of the investors on the tightening of interest rates. 1) In weekly charts, black candle stick with little upper/lower shadow affirms on the heavy selling pressure of the market. 2) The weekly trading volume remains same as traders remain active during the quarterly earnings session. 3) MACD and RSI indicators turning bearish as RSI trend downwards. 4) STI is currently supported by the minor support at 3145 5) Since STI has already broken the critical shoulder support at 3214, further pullback may be expected with the key support at 3120. Important resistance of STI: 3214 (Daily charts) Immediate Support of STI: 3145 (Daily charts) MY tactics: Recent talks of tighten interest rates have...................READ MORE |
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scotty
Senior |
22-Jan-2011 17:47
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Got China and US troubles. Blue chip may not be so blue... | ||||
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