Key points: Bob Hawke was prime minister from 1983 to 1991, making him the longest-serving Labor PM He is survived by wife Blanche d’Alpuget, and his three children — Susan, Stephen and Rosslyn Current party leader Bill Shorten said Mr Hawke was the labour movement’s “greatest son” Bob Hawke, one of Australia’s greatest prime ministers, […]
Shanghai: SSE Composite Index (.SSEC) snaps two-day losing streak There is a paradox in China’s world-beating stock rally this year: defensive plays are turning out to be the best performers. While Chinese stocks have technically been in bull market territory this year following a 20 per cent gain in the Shanghai Composite Index, safe bets […]
Japanese Yen: USD/JPY (JPY=X) broken down through two major retracements of this year’s rise The Japanese Yen’s current backstory is of course fundamental, with risk aversion stemming from increased US-China trade tensions supporting what is, after all, perhaps the quintessential anti-growth currency play. The US Dollar has haven appeal too, of course, but the Japanese […]
Hong Kong: HANG SENG INDEX (.HSI) confidence was shaken after the U.S. government hit Chinese telecoms giant Huawei with severe sanctions Hong Kong stocks ended flat on Thursday, as confidence was shaken after the U.S. government hit Chinese telecoms giant Huawei with severe sanctions. The Hang Seng index was nearly unchanged at 28,275.07, while the […]
Australia: S&P/ASX 200 (.AXJO) recovering from early weakness The Australian share market has recovered from early weakness to finish higher, with every sector rising except banking as Westpac traded ex-dividend. The benchmark S&P/ASX200 index hit its highest level in the final minutes of trade to close up 43.6 points, or 0.69 per cent, to 6,327.8 […]
Overseas investors in Singapore: STI Index (.STI) are selling out at the fastest rate in almost a decade Overseas investors in Southeast Asian stocks are selling out at the fastest rate in almost a decade, as key markets in the region get caught up in the escalating trade war. A group of U.S.-listed exchange-traded funds […]
Australian Dollar: USD/AUD (AUD=X) now the most important domestic data release when it comes to the outlook for RBA policy rates In what’s fast becoming a familiar theme, the Aussie weakened against all major crosses except the British pound during the session, failing to garner any support despite a further modest improvement in investor risk […]
$HD Billionaire businessman Ken Langone said President Trump is “doing the right thing” by increasing tariffs on China. “It’s got teeth,” the co-founder of Home Depot (NYSE:HD) said Thursday. “The only way you’re going to get somebody to a table for negotiations is when they have something to lose,” said Mr. Langone, also the founder of […]
HO TRAM, Vietnam (May 16, 2019) – A seasoned professional with substantial luxury hospitality experience in Europe and Asia and an enthusiasm for employee development and relations has been appointed to the helm of the new five-star Meliá Ho Tram Beach Resort. Spanish-born Manuel Ferriol is spearheading the opening of the 17-hectare beachfront property at Ho […]
$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Flat, USD Flat, Crude Oil Up, Stocks Mixed Notes: Long term prospects for EUR are not bright, given the region’s soft economic fundamentals. But the news on the auto tariff delay is helping the single currency establish support at $1.1200 Growth in China’s industrial output slowed […]
$FB, $TWTR Summer vacations are good ways to experience new cities, countries and cultures. But no matter where you’re headed, the Top priority should be safety. The US Department of State posts detailed travel advisories for Americans interested in visiting other countries. Below is the most recently updated reports for safer travel this Summer. The Department […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX FLASH: S&P 500, NAS Comp, and SOX rebounded to their 50-Day MAs. A strong price move, but the potential Head & Shoulders pattern has not been defeated yet. Stocks rebound from early losses following positive US trade headlines, President Trump expected to delay auto tariff decision by up to […]
Hong Kong: HANG SENG INDEX (.HSI) stocks bounce as they recovered partially from Monday’s sharp losses Shares in Asia were higher on Wednesday following an earlier slump this week as trade tensions between the U.S. and China escalated. Mainland Chinese shares advanced on the day, with the Shanghai composite adding 1.91% to 2,938.68 and the […]
Australian Dollar: USD/AUD (AUD=X) remains pressured despite a modest improvement in investor risk appetite The Australian dollar remains pressured with traders paying scant regard to a modest rebound in stocks and commodities on Tuesday. With the exception of the Japanese yen and British pound, the movements in the AUD elsewhere were negligible despite renewed confidence […]
Shanghai: SSE Composite Index (.SSEC) stocks gain Markets eased today as President Donald Trump called the US-China trade war “a little squabble” and tweeted that the deal would happen “much faster than people think.” The hope that China may boost the slowing economy with a fresh fiscal stimulus also pushed the markets up. China’s Shanghai Composite Index rose 1.91% […]
Australia: S&P/ASX 200 (.AXJO) upbeat comments from US President Donald Trump soothed investors’ nerves Australian shares rebounded firmly on Wednesday, recovering almost all their losses from the previous session, as upbeat comments from US President Donald Trump soothed investors’ nerves. The S&P/ASX 200 Index rose 44.3 points, or 0.7 per cent, to 6284.2 while the broader […]
Japanese Yen: USD/JPY (JPY=X) posted four straight winning weeks, possible consolidation phase USD/JPY is almost unchanged on Wednesday. In the North American session, the pair is trading at 109.57, down 0.03% on the day. There are no major Japanese events. In the U.S., retail sales and core retail sales both missed expectations. On Thursday, the […]
Singapore: STI Index (.STI) U.S. President Donald Trump’s upbeat remarks on Sino-U.S. trade talks helped repair bruised optimism Most Southeast Asian stock markets advanced on Wednesday, following a firmer finish on the Wall Street, as U.S. President Donald Trump’s upbeat remarks on Sino-U.S. trade talks helped repair bruised optimism. All three major U.S. stock indexes […]
$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Steady, Crude Oil Off, Stocks Up Notes: The FX (foreign exchange) market showed little reaction to worse-than-expected growth in Chinese industrial output and retail sales for April that underlined the need for Beijing to roll out more stimulus measures to support the world’s 2nd-largest […]
Australia: S&P/ASX 200 (.AXJO) plummeted after renewed concerns about US-Chinese trade tensions The Australian share market has plummeted after renewed concerns about US-Chinese trade tensions led to large losses on Wall Street overnight. The benchmark S&P/ASX200 index was down 57.7 points, or 0.92 per cent, to 6,239.9 points at 1615 AEST on Tuesday, while the […]
Australian Dollar: USD/AUD (AUD=X) could weaken further Vastly improved downward momentum suggests AUD could weaken further but 0.6910 could be just out of reach for now. The anticipated weakness in AUD exceeded our expectation as it not only cracked 0.6970 but also the strong level of 0.6950 (overnight low of 0.6941). The vastly improved downward […]
Shanghai: SSE Composite Index (.SSEC) shares fell as tensions between the United States and China intensified Shares in Asia were lower on Tuesday, a day after Beijing raised tariffs on some American goods in retaliation for Washington’s decision last week to increase duties on Chinese products. Mainland Chinese shares slipped on the day, with the […]
Japanese Yen: USD/JPY (JPY=X) next support at 108.70 USD could dip below but is unlikely to challenge the next support at 108.70. The sudden lurch lower in USD came a surprise as it cracked the strong 109.30 support and came close to taking out the next support at 109.00 (overnight low of 109.01). Despite the […]
Hong Kong: HANG SENG INDEX (.HSI) leads Asia stocks lower Asia Pacific stocks fell Tuesday, on the heels of a 2% drop at the start of the week for U.S. markets. Many indexes bounced off opening lows in early trading, with Japan’s Nikkei cutting its early losses by two-thirds as the trading day ramped up. […]
Singapore: STI Index (.STI) saw red as the trade war between China and the United States threatened to spiral out of control Asian markets saw red yesterday as the trade war between China and the United States threatened to spiral out of control, with both upping the ante. Bourses in Hong Kong, China and Japan […]
$DIA, $SPY, $QQQ, $RUTX, $VXX, $BAC, FLASH: Global investors’ equity allocations fell 6% in May and 34 % of fund managers have taken out protection against sharp stock market declines in coming months, Bank of America Merrill Lynch’s (NYSE:BAC) latest monthly survey found Tuesday. The proportion of investors preparing for equity falls is the highest […]
FLASH: President Trump is bringing the Fed into the US-China trade war. Tuesday, President Trump called on the Fed to “match” what he said China will do to offset economic hardship being caused by tariffs. “China will be pumping money into their system and reducing interest rates, as always, in order to make up for […]
2$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Flat, Crude Oil Up, Stocks Down Notes: President Trump increased pressure on China to reach a trade deal, as he hiked US tariffs on $200-B worth of Chinese goods, and now targets $325-B more. Middle East focus: Saudi Arabia Monday said that 2 […]
Monday, China raised tariffs on a paltry $60-B of U.S. goods in retaliation for President Trump’s decision to increase tariffs on $200-B worth of Chinese imports last week, escalating the 10 month trade dispute between the world’s 2 largest economies. President Trump shook the world trade order by imposing unilateral tariffs to combat what he […]
$DIA, $SPY, $QQQ, $RUTX, $VXX US stocks sold off Monday, as trade tensions escalated after China retaliated with a tariff rate hike on US imports. The 2.4% drop in the S&P 500 in a broad-based effort to de-risk amid global growth concerns. Stocks sold off as US-China trade tensions escalated, China increased its tariff rate […]
Australia: S&P/ASX 200 (.AXJO) banks went ex-dividend and housing finance approvals came in weaker than expected The Australian share market has closed lower, pulled down by the financial sector as two banks went ex-dividend and housing finance approvals came in weaker than expected. The benchmark S&P/ASX200 index finished down 13.3 points, or 0.21 per cent, […]
Japanese Yen: USD/JPY (JPY=X) Japanese economic schedules are light as far as major economic releases are concerned Uncertainty over U.S.-China trade relations drove the price action last week in the Japanese Yen. It wasn’t the actual possibility that a potential trade deal would fall apart and the trade dispute between the economic powerhouses would escalate, […]
Hong Kong: HANG SENG INDEX (.HSI) deepening sense of unease among investors It is becoming evident that the U.S./Chinese trade issues are going to become a point of contention for the markets going forward. We’ve been reviewing as much news as possible in an attempt to build a consensus for the future of the U.S. […]
Singapore: STI Index (.STI) with US and China deadlocked in trade deal negotiations and uncertainty growing among investors With the US and China deadlocked in trade deal negotiations and uncertainty growing among investors, the Singapore market started the week in negative territory, continuing to trend downwards in the afternoon session. While the market rebounded on […]
Australian Dollar: USD/AUD (AUD=X) falling back into key support level AUD/USD has been in consolidation mode over the past fortnight, with the pair exhibiting lower highs and largely flatlining lows during that time. We are seeing a return to that $0.6962 support level this morning, with the reaction to that level likely to prove key to […]
2$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Off, USD Flat, Crude Oil Mixed, Stocks Down Notes: President Trump increased pressure on China to reach a trade deal, as he hiked US tariffs on $200-B worth of Chinese goods, and now targets $325-B more. The UAE said Sunday that 4 commercial vessels were […]
FLASH: US and China at impasse over trade, Larry Kudlow says new tariffs will remain. The United States and China appeared at a deadlock over trade negotiations Sunday as Washington demanded promises of concrete changes to Chinese law and Beijing said it would not swallow any “bitter fruit” that harmed its interests. The trade dispute […]
Japanese Yen: USD/JPY (JPY=X) Treasury yields rose and demand for risk increased amid optimism over U.S.-China relations The Dollar/Yen rallied on Friday as Treasury yields rose and demand for risk increased amid optimism over U.S.-China relations. Although a trade deal between the two economic powerhouses wasn’t reached, the price action suggests investors felt there was […]
Australia: S&P/ASX 200 (.AXJO) poised to start Monday trade on a positive note The sharemarket is poised to start Monday trade on a positive note ahead of what is likely to be a volatile week dominated by the renewed US-China trade skirmish and the release of key unemployment data. Futures markets suggest the benchmark S&P/ASX […]
Australian Dollar: USD/AUD (AUD=X) prices are stalling China remains gripped in a slowdown, which is bad news for Australia, as the Asian giant is China’s largest trading partner. Chinese manufacturing PMI dropped to 50.1 in April, pointing to stagnation. Building approvals swung wildly, falling 15.5% in March, after a gain of 19.1% a month earlier. […]
Hong Kong: HANG SENG INDEX (.HSI) President Donald Trump says US-China relations remain “very strong” Mr Trump said talks between Washington and Beijing will continue even after a deadline passed on Friday for them to reach an agreement. As a result the US raised tariffs to 25% from 10% on goods from China. China says […]
Singapore: STI Index (.STI) fears of an all-out U.S.-Chinese trade war rocked equities last week Shares and oil prices have tumbled after President Donald Trump jolted markets with a threat to raise more tariffs on imports from China, spooking investors who had been expecting good news this week on trade. The Shanghai Composite index plunged […]
President Trump said it would be wise for China to “act now” to finish a trade deal with the US, predicting that “far worse” terms would be on offer for them after what he predicted would be his certain re-election in Y 2020. “I think that China felt they were beaten so badly in the […]
China and the US have agreed to hold more trade talks in Beijing, Vice Premier Liu He said as President Trump ordered his trade Chief to begin the process of imposing tariffs on all remaining imports from China. Mr. Liu voiced some optimism on reaching a deal, but said there were “issues of principle” on […]
$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Firm, USD Down, Crude Oil Steady, Stocks Mixed Notes: President Trump has increased pressure on China to reach a trade deal, as he hiked US tariffs on $200-B worth of Chinese goods 12:01a Friday, and targets $325-B more.. China Vice Premier Liu He is in […]
Fusion Appoints General Manager to Alba Wellness Valley by Fusion The newest resort in Fusion’s expanding portfolio will be run by Hylton Lipkin HO CHI MINH CITY, Vietnam (May 10, 2019) — Wellness-inspired hospitality brand Fusion hired former team member Hylton Lipkinearlier this year as GM of Alba Wellness Valley by Fusion, a natural hot springs […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Wall Street declines for 4th day running, finished near session highs President Trump firm on tariffs, driving concerns about the trade dispute with China The S&P 500 held its 50-Day MA at 2860 on the close The CBOE Volatility Index (VIX), Wall Street’s ‘fear factor’ closed well off session highs […]
Westports Holdings Berhad (5246:KL) remains neutral on its near to medium-term prospect with an unchanged throughout growth assumption of 5% Kenanga research has maintained its market perform rating on Westports Holdings Bhd with an unchanged target price of RM3.75. Following a meeting with Westports’ management, the research house said its remains neutral on its near […]
Shanghai: SSE Composite Index (.SSEC) Chinese equities aren’t hanging around to see how the latest round of trade talks plays out Foreign investors in Chinese equities aren’t hanging around to see how the latest round of trade talks plays out. They’ve net sold an average 4.4 billion yuan ($646 million) of mainland shares a day […]
Australia: S&P/ASX 200 (.AXJO) poised to open lower Australian shares are poised to open lower, dragged down by Wall Street with attention focussed on the US-China trade talks in Washington. For local investors, the focus is on the RBA which will release its Statement on Monetary Policy at 11.30am AEST, in which it is expected […]
Singapore: STI Index (.STI) skidded lower as U.S.-China trade tensions rose Asian markets skidded lower Thursday as U.S.-China trade tensions rose, with President Donald Trump saying China “broke the deal” and China vowing to retaliate if the U.. raises tariffs on Friday. The U.S. is set to raise tariffs on $200 billion of Chinese goods […]
Wilmar International Limited is a Singapore-based agribusiness company. The Company’s business activities include oil palm cultivation, oilseed crushing, edible oils refining, sugar milling and refining, manufacturing of consumer products, specialty fats, oleo chemicals, biodiesel and fertilizers, as well as rice and flour milling. Its segments include Tropical Oils (Plantation, Manufacturing & Merchandising); Oilseeds & Grains […]
Golden Agri-Resources Ltd is a palm oil plantation company. The Company is engaged as an investment holding company. Its primary activities include cultivating and harvesting oil palm trees, processing fresh fruit bunches (FFB) into crude palm oil (CPO) and palm kernel (PK), refining CPO into industrial and consumer products, as well as merchandising palm products […]
ComfortDelGro Corporation Limited is a Singapore-based investment holding company. The Company provides management services. It operates through eight segments: Bus, Bus station, Rail, Taxi, Automotive engineering services, Inspection and testing services, Car rental and leasing, and Driving centre. The Bus segment provides scheduled services and coach rental services; Bus station segment provides public bus services; […]
Hong Kong: HANG SENG INDEX (.HSI) US President Donald Trump has said China “broke the deal” in trade talks, ramping up hostilities ahead of negotiations between the two sides AGENCIES NEW YORK US President Donald Trump has said China “broke the deal” in trade talks, ramping up hostilities ahead of negotiations between the two sides. […]
$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Down, Crude Oil Down, Stocks Down Notes: And again, President Trump has increased pressure on China to reach a trade deal, saying he will hike US tariffs on $200-B worth of Chinese goods tat 12:01a Friday, and targets $325-B more.. China wants the tariffs […]
Tune Protect Group Berhad (5230:KL) has appointed William Foo as chief executive officer Tune Protect Group Bhd has appointed William Foo as chief executive officer of Tune Insurance Malaysia Bhd effective today. Foo has over 25 years of experience in the general insurance industry, and has been chief operating officer of QBE Insurance Malaysia. He is an associate […]
Shanghai: SSE Composite Index (.SSEC) trade data for April, released Wednesday morning, showed exports missed expectations while imports saw a surprise gain Asia stocks declined Wednesday as investors digested ongoing developments in the U.S.-China trade negotiations, which sent stateside shares tumbling overnight. Mainland Chinese shares were lower on the day, with the Shanghai composite down […]
$SPY UPDATE: China and the United States have agreed to hold more trade talks in Beijing, Vice Premier Liu He said, as President Trump ordered his trade chief to begin the process of imposing tariffs on all remaining imports from China. Mr. Liu voiced a measured optimism on reaching a deal, but said there were […]
Jiutian Chemical Group Limited is an investment holding company. The Company is engaged in the manufacture and production of dimethylformamide (DMF) and methylamine. It is involved in the processing and sale of consumable carbon dioxide and oxygen. It operates through two business divisions: DMF division, which is engaged in producing DMF as its main product […]
Australian Dollar: USD/AUD (AUD=X) psychologically important level The Australian dollar went back and forth during the trading session on Wednesday, as we continue to see a lot of back-and-forth trading, and choppiness to say the least. The Australian dollar of course is highly sensitive to the Chinese situation, which is currently being driven by the US/China […]
Tuan Sing Holdings Limited is a Singapore-based investment holding company, which is engaged in property development, property investment and hotel ownership. The Company’s segments include Property, which is engaged in the development of properties for sale, property investment and provision of property management services; Hotels Investment, which is engaged in the investments in hotels in […]
StarHub Ltd is a Singapore-based info-communications company. The Company engaged in operation and provision of telecommunications services and other businesses relating to the info-communications industry. The Company offers a range of information, communications and entertainment services for both consumer and corporate markets. It delivers Mobile, Pay television, Broadband, Fixed network services and equipment sales on […]
United Overseas Bank Limited is a bank in Asia. The Company provides financial services across the globe through its segments, which include Group Retail (GR), Group Wholesale Banking (GWB), Global Markets (GM) and Others. GR segment covers personal and small enterprise customers. GWB encompasses corporate and institutional client segments, which include medium and large enterprises, […]
Singapore: STI Index (.STI) Waning sentiment over a US-China trade resolution sent investors running for the hills Waning sentiment over a US-China trade resolution sent investors running for the hills in a broadly lower session in Asia. This followed a Wall Street sell-off on Tuesday, triggered by key US officials supporting increasing levies on Chinese […]
Hong Kong: HANG SENG INDEX (.HSI) Tensions mount as negotiators meet on Thursday The U.S. issued an official notice Wednesday stating that it will raise tariffs on $200 billion in Chinese goods from Friday as threatened by President Donald Trump, ratcheting up tensions just as trade negotiations with China are set to resume. China’s Commerce […]
Australia: S&P/ASX 200 (.AXJO) President Donald Trump’s tariff hikes looms Australian shares fell to a two-week low on Wednesday after sentiment surrounding US-China trade negotiations swung suddenly from positive to negative in Northern Hemisphere trading. The S&P/ASX 200 Index slid 26.6 points, or 0.4 per cent, to 6269.1 while the broader All Ordinaries fell 31.7 […]
FLASH: Gold Firmed, USD Off, Crude Oil Up, Stocks Down Notes: Again, President Trump has increased pressure on China to reach a trade deal, saying he will hike US tariffs on $200-B worth of Chinese goods tat 12:01a this Friday, and targets $325-B more.. China wants the tariffs to be lifted, while President Trump wants to […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The Big Q: Is China getting ‘cold feet’ on trade resolution? The Big A: President Trump knows that to get this deal done, to get China to end some of the trade abuses that have been occurring, he has to take a hard line. That is what he is doing […]
Genting Singapore Ltd is an investment holding company. The Company, through its subsidiaries, is engaged in the development and operation of integrated resort, operation of casinos, provision of sales and marketing support services to leisure and hospitality related businesses and investments. It operates through leisure and hospitality operations segment within Singapore. The operations in other […]
Singapore Airlines Limited is engaged in passenger and cargo air transportation, engineering services, training of pilots, air charters and tour wholesaling and related activities. The Company’s segments include airline operations, engineering services, cargo operations and Others. The airline operations segment provides passenger air transportation. The engineering services segment is in the business of providing airframe […]
Singapore Exchange Limited is engaged in operating integrated securities exchange and derivatives exchange in Singapore and related clearing houses. The Company is engaged in providing services, such as investment holding, treasury management, provision of management and administrative services to related corporations, provision of contract processing and technology connectivity services. The Company operates through four segments: […]
Shanghai: SSE Composite Index (.SSEC) mixed amid renewed tensions between the U.S. and China after Washington said tariffs on Chinese goods will rise Stocks in Asia were mixed on Tuesday amid renewed tensions between the U.S. and China after Washington said tariffs on Chinese goods will rise on Friday. The Chinese markets, which plunged more […]
Hong Kong: HANG SENG INDEX (.HSI) investors remain on edge after Donald Trump’s threat to hike tariffs on Chinese imports Hong Kong and Shanghai stocks edged up in the opening minutes of trade on Tuesday after the previous day’s sharp losses, but investors remain on edge after Donald Trump’s threat to hike tariffs on Chinese […]
Japanese Yen: USD/JPY (JPY=X) risks lurk around each corner as geopolitical tensions ramp up on a global scale We had a brief scare on trade comments from Mnuchin and Lighthizer which sent the yen on a tear in early Asia, down to the aforementioned lows from a touch away from 111 the figure while markets […]
Australian Dollar: USD/AUD (AUD=X) sellers struggle to sustain momentum after touching 4-month lows The Australian Dollar turned lower anew after a brief corrective upswing against its US counterpart, as expected. Sellers have struggled to gain ground beyond reversing the relief rally from April lows however. A drop to four-month lows failed to find lasting follow-through, […]
Australia: S&P/ASX 200 (.AXJO) poised to drop at the open, as selling accelerated on Wall Street Australian shares are poised to drop at the open, as selling accelerated on Wall Street ahead of trade talks between the US and China later this week. ASX futures were 58 points or 0.9 per cent lower at about […]
Singapore: STI Index (.STI) leading the losses in the region Southeast Asian stocks closed lower on Monday after US President Donald Trump threatened to hike tariffs on Chinese goods this week, rekindling trade tensions between Washington and Beijing, with Singapore leading the losses in the region. Trump sharply escalated tensions between the world’s two largest […]
Keppel Corporation Limited is an investment holding and management company. The Company, through its subsidiaries, is engaged in offshore oil-rig construction, shipbuilding, and ship repair and conversion; environmental engineering, power generation, logistics and data centers; property development and investment, and property fund management, and investments. The Company operates in four segments: Offshore & Marine, Infrastructure, […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Flat, Crude Oil Off, Stocks Up Notes: President Trump Sunday increased pressure on China to reach a trade deal, saying he will hike US tariffs on $200-B worth of Chinese goods tat 12:01a this Friday, and targets $325-B more.. China wants the tariffs to be lifted, while President Trump wants to keep […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: DJIA tested to its 50-Day MA and bounced, as sellers were few and buyers came in and bought the dip. There was no fear in the market from the US-China issues and/or President Trump’s hammering of Iran. Savvy market participants see President Trump’s China goods tariff threat as a […]
Singapore: STI Index (.STI) fell 3% as the threat of a full-blown trade war unexpectedly reared its head overnight Investors ran for the exits on Monday (May 6) as the threat of a full-blown trade war unexpectedly reared its head overnight. The Straits Times Index (STI) skidded 3 per cent or 101.67 points to close […]
Hong Kong: HANG SENG INDEX (.HSI) market goes into meltdown mode after Trump warns of new tariffs threat Donald Trump is certainly predictable when it comes to being unpredictable. While that might sound like an oxymoron, the United States President has taken a verbal “sledgehammer” to trade talks with China and a wrecking ball to […]
FTSE Bursa Malaysia KLCI (.KLSE) Expected to remain weak Bursa Malaysia is expected to remain weak this week as banking- related stocks are especially impacted, with the focus on the overnight policy rate (OPR) to be released by Bank Negara Malaysia (BNM). Shayne Heffernan, CEO and Founder of Heffx said the FBM KLCI would likely […]
Japanese Yen: USD/JPY (JPY=X) higher as nervous investors seek safe-haven assets USD/JPY has continued where it left off on Friday, as the pair as lost ground on Monday. In the North American session, the pair is trading at 110.87, down 0.20% on the day. Earlier in the day, the pair touched a low of 110.28, […]
Shanghai: SSE Composite Index (.SSEC) Trump turns up Trade pressure on China Chinese stocks tumbled along with the yuan as a pair of tweets by President Donald Trump undermined confidence in a trade agreement. The ChiNext Index of technology companies and small caps dropped the most since January 2016 as trading on mainland markets resumed after last […]
Australia: S&P/ASX 200 (.AXJO) poised to open higher Australian shares are poised to open higher as Wall Street pared most of its opening loss on concern about the US/China trade talks. RBA ahead. “Global markets open with massive selling pressure” this week, Shayne Heffernan said in a client note. The close today will be quite […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Flat, Crude Oil Off, Stocks Down Notes: President Trump Sunday increased pressure on China to reach a trade deal, saying he will hike US tariffs on $200-B worth of Chinese goods this Friday, and targets $325-B more soon. The President’s aggressive strategy drew bi-partisan support from US Senate Democratic leader […]
AirAsia Group Berhad is a Malaysia-based investment holding company, which manages AirAsia Group operating in the airline industry. The Group is principally engaged in the operation of AirAsia, a low-cost airline with major business in Malaysia, Thailand, Indonesia, the Philippines, India and Japan, among others. The Company’s subsidiaries include AirAsia Investment Ltd and Koolred Sdn […]
Sapura Energy Berhad, formerly SapuraKencana Petroleum Berhad, is engaged in investment holding and the provision of management services to its subsidiaries. The Company’s segments include Engineering and Construction (E&C), Drilling, Energy and Corporate. Its E&C business segment is engaged in the installation of offshore platforms, marine pipelines and subsea services; engineering, procurement, construction and commissioning […]
IOI Properties Group Berhad is an investment holding company. The Company’s segments include Property development, which is engaged in the development of residential, commercial and industrial properties; Property investment, which invests in shopping mall, office complex and other properties; Leisure & hospitality, which is engaged in management and operation of hotels, resorts and golf course, […]
Malaysia Airports Holdings Berhad is an investment holding company. The Company operates through the segments, which include Malaysia Operations and Overseas Operations. Its Malaysia Operations segment includes duty free and non-dutiable goods, airport services, agriculture and horticulture, hotel, and project and repair maintenance services. Its Overseas Operations segment includes project and repair maintenance, and airport […]
Shanghai: SSE Composite Index (.SSEC) expected to open lower Asian stock markets were lower while oil prices surged Monday following reports Washington wants to block Iranian exports. While India, Seoul and also Shanghai retreated Tokyo’s benchmark woke up. Sydney and hong Kong were closed for the holiday. Also this week, the USA reports home sales […]
UMW Holdings Berhad is a Malaysia-based investment holding company. The Company’s segments include the automotive segment, which is engaged in the import, assembly and marketing of passenger and commercial vehicles, and related spares; the equipment segment, which is involved in the trading and leasing of a range of light and heavy equipment, including related spares […]
Media Prima Berhad is Malaysia-based integrated media company. The Company is engaged in commercial television and radio broadcasting, media advertising, digital media, sale of program rights, provision of outdoor advertising space and related production works, content creation, talent management and publishing and sale of newspapers. Its segments include Television Networks, Radio Networks, Outdoor Media, Print […]
IHH Healthcare Berhad is an investment holding company. The Company operates through five segments: Parkway Pantai, which is a hospital operator and healthcare service provider in Asia; Acibadem Holdings, which is a hospital operator and healthcare service provider in Central Eastern Europe, the Middle East and North Africa (CEEMENA) and investment holding companies owning Acıbadem […]
Saturday, President Donald brushed off noise of a possible weapons test by NKorea, vowing that leader Kim Jong Un “will do nothing to interfere” and that a denuclearization deal with the US “will happen.” The Tweet, posted while President Trump was in route to the Trump National Golf Club in Virginia, was the President’s 1st […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady, USD Up, Crude Oil Off, Stocks Flat (May Day Holiday) Notes: Investors await US employment figures due later today, which is forecast to show 185,000 net new jobs were added in April and the unemployment rate steady at 3.8% Reflecting investor sentiment in gold, holdings of SPDR Gold Trust, the world’s largest […]
Australia: S&P/ASX 200 (.AXJO) expected to open lower The Australian share market opened lower following mixed leads from Wall Street and is now tracking 0.6 per cent lower at noon. Woolworths (ASX:WOW) shares saw a rise throughout the morning as they reported saw food sales improve in its third quarter by 4.2 per cent. AMP (ASX:AMP) shares have […]
Singapore: STI Index (.STI) stocks fell slightly in line with most global equities, after the US Federal Reserve signalled it would remain on hold with monetary policy Singapore stocks fell slightly on Thursday, in line with most global equities, after the US Federal Reserve signalled it would remain on hold with monetary policy. The Straits […]