Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Spiked, USD Steady, Crude Oil Up, Stocks Up Note: Friday is options expiry in the US, volatile: maybe, maybe not. The Buck steadied Friday, but was still on the defensive after Federal Reserve officials bolstered expectations of an aggressive rate cut this month to address weakening price […]

Shanghai: SSE Composite Index (.SSEC) investors prepared for tepid results from the ongoing earnings season

Shanghai: SSE Composite Index (.SSEC) investors prepared for tepid results from the ongoing earnings season

Shanghai: SSE Composite Index (.SSEC) investors prepared for tepid results from the ongoing earnings season China stocks fell on Thursday as investors prepared for tepid results from the ongoing earnings season, as weak corporate earnings trends in the U.S. underscored the impact of the trade standoff between Beijing and Washington. Shenzhen’s tech-heavy board ChiNext led […]

Australian Dollar: USD/AUD (AUD=X) faces significant resistance

Australian Dollar: USD/AUD (AUD=X) faces significant resistance

Australian Dollar: USD/AUD (AUD=X) faces significant resistance The Australian dollar rallied a bit during the trading session on Thursday but still faces significant resistance just above. With that being the case it looks as if we are about to take on a serious level in the market that could change things going forward. The Australian […]

Singapore: STI Index (.STI) faces the risk of a technical recession

Singapore: STI Index (.STI) faces the risk of a technical recession

Singapore: STI Index (.STI) faces the risk of a technical recession Investors are sanguine about Singapore’s equity market even as the nation faces the risk of a technical recession, as a positive outlook for dividends and earnings overshadows threats from the U.S.-China trade spat. Singapore’s trade-reliant economy unexpectedly contracted by 3.4% in the June quarter […]

Hong Kong: HANG SENG INDEX (.HSI) weaker as investors assess trade war impact

Hong Kong: HANG SENG INDEX (.HSI) weaker as investors assess trade war impact

Hong Kong: HANG SENG INDEX (.HSI) weaker as investors assess trade war impact Hong Kong shares closed lower on Thursday, as investors closely monitor corporate earnings to assess the impact of Sino-U.S. trade frictions amid uncertainty over economic prospects. The Hang Seng index ended down 0.5% at 28,461.66, while the China Enterprises Index closed 0.6% […]

Australia: S&P/ASX 200 (.AXJO) shares closed lower after a flat unemployment figure reduced the likelihood of the Reserve Bank of Australia cutting rates

Australia: S&P/ASX 200 (.AXJO) shares closed lower after a flat unemployment figure reduced the likelihood of the Reserve Bank of Australia cutting rates

Australia: S&P/ASX 200 (.AXJO) shares closed lower after a flat unemployment figure reduced the likelihood of the Reserve Bank of Australia cutting rates Australian shares closed lower on Thursday after a flat unemployment figure reduced the likelihood of the Reserve Bank of Australia cutting rates in the short term. The S&P/ASX 200 Index fell 24.2 points, or […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Firm, Crude Oil Up, Stocks Off Notes: The International Monetary Fund (IMF) Wednesday said the dollar was overvalued by 6% to 12%, based on near-term economic fundamentals. With the 1st US interest rate reduction in 10 yrs expected later this month, 2 Fed policymakers sketched […]

MULPHA (MITC:KL) sells Cairns hotel for A$65mil

MULPHA (MITC:KL) sells Cairns hotel for A$65mil

MULPHA (MITC:KL) sells Cairns hotel for A$65mil Mulpha International Bhd is selling a 4-star hotel in Cairns for A$65mil (RM187.9mil). The company, in a filing with Bursa Malaysia today, said its units in Australia have entered into a property and business asset sale agreement with JY Cairns Esplanade Hotel Pty Ltd on July 16 for […]

Broad selling across FTSE Bursa Malaysia (.KLSE), KLCI down 11 points

Broad selling across FTSE Bursa Malaysia (.KLSE), KLCI down 11 points

Broad selling across FTSE Bursa Malaysia (.KLSE), KLCI down 11 points Bursa Malaysia joined its regional peers in negative territory on Wednesday with selling pressure seen across the board. Dealers said market sentiment was curbed by U.S. President Donald Trump’s comments on trade. Investors continued to fret over slowing growth and the impact of the […]

Shanghai: SSE Composite Index (.SSEC) Trump says U.S. could impose more tariffs if needed

Shanghai: SSE Composite Index (.SSEC) Trump says U.S. could impose more tariffs if needed

Shanghai: SSE Composite Index (.SSEC) Trump says U.S. could impose more tariffs if needed Shares in China finished lower in thin trade on Wednesday, extending the previous day’s small losses as investors continued to fret over slowing growth and the impact of the Sino-U.S. trade dispute, and await more signs of support from Beijing. At […]

Japanese Yen: USD/JPY (JPY=X) turns negative after being unable to break 108.30

Japanese Yen: USD/JPY (JPY=X) turns negative after being unable to break 108.30

Japanese Yen: USD/JPY (JPY=X) turns negative after being unable to break 108.30 The USD/JPY pair dropped below Asian session lows and fell to 108.04. As of writing it was trading at 108.05/10 with the negative tone intact. Earlier today, the pair was unable to break above the 108.30 area that became a strong resistance.  The […]

Hong Kong: HANG SENG INDEX (.HSI) concerns about the China-US trade row and uncertainty over the Federal Reserve’s interest rate plans

Hong Kong: HANG SENG INDEX (.HSI) concerns about the China-US trade row and uncertainty over the Federal Reserve’s interest rate plans

Hong Kong: HANG SENG INDEX (.HSI) concerns about the China-US trade row and uncertainty over the Federal Reserve’s interest rate plans Hong Kong stocks retreated on Wednesday, hit by concerns about the China-US trade row and uncertainty over the Federal Reserve’s interest rate plans. The Hang Seng Index eased 0.1 per cent, or 26.45 points […]

Australian Dollar: USD/AUD (AUD=X) lacks any firm directional bias and seesawed between tepid gains/minor losses

Australian Dollar: USD/AUD (AUD=X) lacks any firm directional bias and seesawed between tepid gains/minor losses

Australian Dollar: USD/AUD (AUD=X) lacks any firm directional bias and seesawed between tepid gains/minor losses The AUD/USD pair lacked any firm directional bias and seesawed between tepid gains/minor losses, above the key 0.7000 psychological mark through the early European session on Wednesday. The pair extended the previous session’s pullback from the 0.7045-50 supply zone, or […]

Australia: S&P/ASX 200 (.AXJO) investors await an indication as to when the Reserve Bank of Australia will next cut rates

Australia: S&P/ASX 200 (.AXJO) investors await an indication as to when the Reserve Bank of Australia will next cut rates

Australia: S&P/ASX 200 (.AXJO) investors await an indication as to when the Reserve Bank of Australia will next cut rates Australian shares ended a quiet day of trading higher on Wednesday as investors await an indication as to when the Reserve Bank of Australia will next cut rates. The S&P/ASX 200 Index firmed 32.3 points, […]

Singapore: STI Index (.STI) economic downturn continues

Singapore: STI Index (.STI) economic downturn continues

Singapore: STI Index (.STI) economic downturn continues Singapore’s exports plunged to a six-year low in June, the latest in a series of brutal indicators showing China’s slowdown and the trade war with the United States are wreaking havoc on the economies of Asia’s trade hubs. The city state’s economy is considered a bellwether for the […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Firm, Crude Oil Up, Stocks Mixed Notes: With the 1st US interest rate reduction in 10 yrs expected later this month, 2 Fed policymakers sketched out arguments Tuesday on how deep the cut should be, even as a 3rd said she needs more data before […]

Oil Search Limited (OSH:AX) announces new structure to support future growth

Oil Search Limited (OSH:AX) announces new structure to support future growth

Oil Search Limited (OSH:AX) announces new structure to support future growth Oil Search announces a new organisational structure to support its next phase of growth, including the appointment of two senior executives and the creation of a Technology and Value Assurance Group to drive production growth and deliver on major developments in Papua New Guinea […]

Commonwealth Bank of Australia (CBA:AX) supports Gold Coast Airport to reduce its emissions with Sustainability-Linked debt financing

Commonwealth Bank of Australia (CBA:AX) supports Gold Coast Airport to reduce its emissions with Sustainability-Linked debt financing

Commonwealth Bank of Australia (CBA:AX) supports Gold Coast Airport to reduce its emissions with Sustainability-Linked debt financing The operator of Gold Coast Airport will be incentivised to reduce carbon emissions under an innovative new financing agreement with Commonwealth Bank. Commonwealth Bank has agreed to provide $150 million of debt funding to Queensland Airports Limited (QAL) for […]

BHP to introduce low emissions LNG freight

BHP to introduce low emissions LNG freight

BHP has released the world’s first bulk carrier tender for LNG-fuelled transport for up to 27 million tonnes of its iron ore.  Introducing LNG-fuelled ships into BHP’s maritime supply chain will eliminate NOx (nitrogen oxide) and SOx (sulphur oxide) emissions and significantly reduce CO2 emissions along the busiest bulk transport route globally. Rashpal Bhatti, Vice […]

AirAsia Berhad (5099:KL) Teleport co-invests in EasyParcel

AirAsia Berhad (5099:KL) Teleport co-invests in EasyParcel

AirAsia Berhad (5099:KL) Teleport co-invests in EasyParcel Teleport, the rebranded cargo and logistics platform of Airasia Group Bhd has co-invested equally with Gobi Partners, a venture capital firm of around RM43.8mil (US$10.6mil) in EasyParcel, a regional e-commerce and parcel delivery player, to scale online parcel delivery services.  Teleport is a wholly owned subsidiary of AirAsia Group, […]

Shanghai: SSE Composite Index (.SSEC) upbeat retail sales and factory output numbers pointed to some stabilization

Shanghai: SSE Composite Index (.SSEC) upbeat retail sales and factory output numbers pointed to some stabilization

Shanghai: SSE Composite Index (.SSEC) upbeat retail sales and factory output numbers pointed to some stabilization Chinese shares closed firmer on Monday as China’s upbeat retail sales and factory output numbers pointed to some stabilization, with second-quarter economic data meeting expectations, while technology shares rebounded from previous week’s sharp declines. At the close, the Shanghai […]

Australia: S&P/ASX 200 (.AXJO) down slightly lower

Australia: S&P/ASX 200 (.AXJO) down slightly lower

Australia: S&P/ASX 200 (.AXJO) down slightly lower The sharemarket closed slightly lower on Tuesday after minutes from the Reserve Bank’s July meeting dampened the equity market’s expectations of further interest rate cuts. Investors also continued to weigh the implications of weak growth but positive retail sales from Chinese economic data released on Monday. The S&P/ASX […]

Hong Kong: HANG SENG INDEX (.HSI) market awaits U.S. data

Hong Kong: HANG SENG INDEX (.HSI) market awaits U.S. data

Hong Kong: HANG SENG INDEX (.HSI) market awaits U.S. data Hong Kong stocks ended a tick higher on Tuesday as investors awaited U.S. retail sales data and corporate earnings to gauge the health of the world’s biggest economy ahead of a likely U.S. rate cut later this month. Encouraging Chinese June data on Monday had […]

Singapore: STI Index (.STI) trading lower as investors looked to earnings and clues from policy makers for the next catalyst

Singapore: STI Index (.STI) trading lower as investors looked to earnings and clues from policy makers for the next catalyst

Singapore: STI Index (.STI) trading lower as investors looked to earnings and clues from policy makers for the next catalyst Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 10 points at the opening bell. Overseas, most Asian stocks were trading lower as investors looked to earnings […]

Japanese Yen: USD/JPY (JPY=X) breaking above the top of the shooting star

Japanese Yen: USD/JPY (JPY=X) breaking above the top of the shooting star

Japanese Yen: USD/JPY (JPY=X) breaking above the top of the shooting star The US dollar broke higher during the trading session on Tuesday, breaking above the top of the inverted hammer that forms for the Monday session. By doing so, it shows signs of strength and we could very well see this market climb from here […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Unch, Crude Oil Off, Stocks Mixed Notes: Most Asian stock markets rose Monday, but gains were limited as investors awaited US retail sales data and corporate earnings to gauge the health of the world’s biggest economy ahead of a likely US rate cut later […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Mixed, USD Firm, Crude Oil Off, Stocks Up Notes: China’s economic growth slowed to 6.2% in Q-2, its weakest pace in 27 years, as demand at home and abroad faltered in the face of mounting US trade pressure. EU foreign ministers will seek to figure out how […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Off, Crude Oil Up, Stocks Mixed Notes: Friday, China will release trade data for June, with analysts expecting exports to have fallen as weakening global demand and a sharp hike in US tariffs took a heavier toll on the world’s largest trading nation. OPEC Thursday […]

FTSE Bursa Malaysia KLCI (.KLSE) recoups earlier losses to end marginally higher

FTSE Bursa Malaysia KLCI (.KLSE) recoups earlier losses to end marginally higher

FTSE Bursa Malaysia KLCI (.KLSE) recoups earlier losses to end marginally higher Bursa Malaysia recouped earlier losses to close marginally higher today, backed by improved buying sentiment in both Shariah and conventional mid-sized capitalisation stocks. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) ended 0.29 of-a-point higher at 1,679.26 compared with yesterday’s close of […]

Japanese Yen: USD/JPY (JPY=X) Risk Aviation Causing Losses

Japanese Yen: USD/JPY (JPY=X) Risk Aviation Causing Losses

Japanese Yen: USD/JPY (JPY=X) Risk Aviation Causing Losses Strong signs from the US central bank of a near US interest rate cut contributed to stronger losses for the US dollar against other major currencies. The USD / JPY pair fell back to the support level 107.85 at the time of writing, after its recent gains, which lasted […]

Australian Dollar: USD/AUD (AUD=X) Rises as Fed’s Dovish Signals Continue

Australian Dollar: USD/AUD (AUD=X) Rises as Fed’s Dovish Signals Continue

Australian Dollar: USD/AUD (AUD=X) Rises as Fed’s Dovish Signals Continue Another month of sharp decline in Australian investment lending was not enough to prevent the Australian Dollar to US Dollar (AUD/USD) exchange rate recovering ground this morning. Even though lending saw a -1.7% contraction in May, defying forecasts of modest 0.5% growth, the Australian Dollar […]

Hong Kong: HANG SENG INDEX (.HSI) shares rally on rate cut optimism

Hong Kong: HANG SENG INDEX (.HSI) shares rally on rate cut optimism

Hong Kong: HANG SENG INDEX (.HSI) shares rally on rate cut optimism Hong Kong stocks jumped today, tracking a global advance after congressional testimony by the head of the Federal Reserve all but confirmed the bank will cut interest rates at the end of the month. The Hang Seng Index rose 0.81 per cent, or […]

Australia: S&P/ASX 200 (.AXJO) higher after dovish comments from Federal Reserve chairman Jerome Powell gave markets renewed hopes of extra policy stimulus

Australia: S&P/ASX 200 (.AXJO) higher after dovish comments from Federal Reserve chairman Jerome Powell gave markets renewed hopes of extra policy stimulus

Australia: S&P/ASX 200 (.AXJO) higher after dovish comments from Federal Reserve chairman Jerome Powell gave markets renewed hopes of extra policy stimulus Australian shares closed Thursday’s trade firmly higher after dovish comments from Federal Reserve chairman Jerome Powell gave markets renewed hopes of extra policy stimulus. The S&P/ASX 200 Index rose 26.3 points, or 0.4 […]

Singapore: STI Index (.STI) shares add 0.3% as Fed chief reaffirms dovish stance

Singapore: STI Index (.STI) shares add 0.3% as Fed chief reaffirms dovish stance

Singapore: STI Index (.STI) shares add 0.3% as Fed chief reaffirms dovish stance The local equities market, like most others, has been in a limbo since last Friday’s US jobs data exceeded expectations, sending investors second-guessing the extent of rate cuts by the US Federal Reserve. On Thursday, they were reassured of the Fed’s dovishness, […]

Shanghai: SSE Composite Index (.SSEC) shares add 0.1%, blue chips close flat

Shanghai: SSE Composite Index (.SSEC) shares add 0.1%, blue chips close flat

Shanghai: SSE Composite Index (.SSEC) shares add 0.1%, blue chips close flat China stocks ticked up on Thursday as global central banks look poised to ease policies, while concerns about a slowdown in the country’s economic growth weighed on investor sentiment. At the close, the Shanghai Composite index was up 0.1% at 2,917.76. The blue-chip […]

 Asia: Gold, USD, Crude Oil, Stocks & Commodities

 Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Off Crude Oil Up, Stocks Up Notes: Tensions have been high in the Middle East after attacks on tankers and the downing of a US drone by Iran last month, following President Trump’s withdrawal from a multi-party agreement with Tehran to end its nuclear program. […]

Thailand may soon force all international visitors to take out travel insurance before they enter the country

Thailand may soon force all international visitors to take out travel insurance before they enter the country

Thailand may soon force all international visitors to take out travel insurance before they enter the country Thailand may soon force all international visitors to take out travel insurance before they enter the country — and the catch is, it would have to be purchased at the airport. Thailand’s Office of the Insurance Commission is […]

Hong Kong: HANG SENG INDEX (.HSI) halted a five-day losing streak

Hong Kong: HANG SENG INDEX (.HSI) halted a five-day losing streak

Hong Kong: HANG SENG INDEX (.HSI) halted a five-day losing streak Hong Kong stocks halted a five-day losing streak on Wednesday as investors awaited a U.S. Congressional testimony by the chairman of the Federal Reserve. The Hang Seng Index closed 0.3% higher at 28,204.69. Social media major Tencent Holdings advanced 1.7% and energy producer CNOOC added 1.4% to rank […]

FTSE Bursa Malaysia KLCI (.KLSE) ends lower on selling momentum

FTSE Bursa Malaysia KLCI (.KLSE) ends lower on selling momentum

FTSE Bursa Malaysia KLCI (.KLSE) ends lower on selling momentum Bursa Malaysia closed in the red today, influenced by selling in the industrial products and services, as well as consumer products and services sectors. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) ended 3.9 points easier at 1,678.97 compared with Tuesday’s close of 1,682.87. […]

Singapore: STI Index (.STI) total return for the first six months of 2019 to 10.5%

Singapore: STI Index (.STI) total return for the first six months of 2019 to 10.5%

Singapore: STI Index (.STI) total return for the first six months of 2019 to 10.5% Total derivatives traded volume edged up 17% YoY to 20.8 million contracts in June but fell 14% MoM as compared to the volume in May, according to an SGX report. Total securities market turnover value dipped 5% MoM to $21.9b, […]

Shanghai: SSE Composite Index (.SSEC) investors shrug off news that Beijing and Washington resumed trade talks

Shanghai: SSE Composite Index (.SSEC) investors shrug off news that Beijing and Washington resumed trade talks

Shanghai: SSE Composite Index (.SSEC) investors shrug off news that Beijing and Washington resumed trade talks China stocks traded little changed on Wednesday morning as investors shrugged off news that Beijing and Washington resumed trade talks, while a flood of initial public offerings targeting Shanghai’s new tech board drew attention, diverting funds from the rest […]

Australian Dollar: USD/AUD (AUD=X) lack of progress in the US-China trade talks seemed to cap attempted recovery

Australian Dollar: USD/AUD (AUD=X) lack of progress in the US-China trade talks seemed to cap attempted recovery

Australian Dollar: USD/AUD (AUD=X) lack of progress in the US-China trade talks seemed to cap attempted recovery The AUD/USD pair quickly reversed an early European session dip to fresh 2-1/2 week lows and is currently placed at the top end of its daily trading range, around the 0.6925-30 region. The pair stalled its recent downward […]

Australia: S&P/ASX 200 (.AXJO) up over 18% this year, set for its best run since 2009

Australia: S&P/ASX 200 (.AXJO) up over 18% this year, set for its best run since 2009

Australia: S&P/ASX 200 (.AXJO) up over 18% this year, set for its best run since 2009 It’s among the top stock markets in the world this year and inching closer to an all-time high. Australia’s benchmark S&P/ASX 200 Index has surged over 18% this year, adding about $210 billion in value despite a sluggish economy […]

Japanese Yen: USD/JPY (JPY=X) struggling to extend the momentum beyond the 109.00 handle

Japanese Yen: USD/JPY (JPY=X) struggling to extend the momentum beyond the 109.00 handle

Japanese Yen: USD/JPY (JPY=X) struggling to extend the momentum beyond the 109.00 handle The USD/JPY pair refreshed multi-week tops during the Asian session on Wednesday, albeit struggled to extend the momentum beyond the 109.00 handle. Following last week’s upbeat headline NFP print for June, diminishing odds for a 50bps point rate cut by the Fed […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Down, USD Flat Crude Oil Up, Stocks Mixed Notes: OPEC and allied producers led by Russia agreed last week to extend their supply-cutting deal until March 2020. Brent has risen nearly 20% in Y 2019, supported by the pact and tensions in the Middle East, especially the […]

Shanghai: SSE Composite Index (.SSEC) traders cautious ahead of key data release for June

Shanghai: SSE Composite Index (.SSEC) traders cautious ahead of key data release for June

Shanghai: SSE Composite Index (.SSEC) traders cautious ahead of key data release for June China’s stocks extended their steepest decline in nine weeks on Tuesday, as concerns about global monetary policies and increased stock supply continued to weigh on sentiment. The Shanghai Composite Index fell 0.2 per cent to 2,928.19. The benchmark had tumbled 2.6 […]

Hong Kong: HANG SENG INDEX (.HSI) fell amid dampened expectations on the Fed cutting rates this month

Hong Kong: HANG SENG INDEX (.HSI) fell amid dampened expectations on the Fed cutting rates this month

Hong Kong: HANG SENG INDEX (.HSI) fell amid dampened expectations on the Fed cutting rates this month Asia Pacific stocks mostly declined on Tuesday amid dampened expectations on the Fed cutting rates this month. Mainland China shares mostly continued to fall after losses on Monday. The Shanghai composite edged down 0.18% to close at 2,928.23, […]

Singapore: STI Index (.STI) dips as hopes for sizeable US rate cut fade

Singapore: STI Index (.STI) dips as hopes for sizeable US rate cut fade

Singapore: STI Index (.STI) dips as hopes for sizeable US rate cut fade Diminished hopes for a sizeable interest rate cut in the United States continued to affect local counters, especially in the real estate investment trust (Reits) sector. The iEdge S-Reit 20 Index was down 1.7 per cent to 1,445.77 yesterday. Reits had been […]

Petronas suspends Barakah Offshore Petroleum Berhad (7251:KL) unit’s licence for three years

Petronas suspends Barakah Offshore Petroleum Berhad (7251:KL) unit’s licence for three years

Petronas suspends Barakah Offshore Petroleum Berhad (7251:KL) unit’s licence for three years Petroliam Nasional Bhd has suspended its licence issued to Barakah Offshore Petroleum Bhd’s unit over the non-performance of a contract. In a statement to Bursa Malaysia on Tuesday, Bakarah said its unit PBJV Group Sdn Bhd (PBJV) received a notification of suspension of the […]

IJM Corporation Berhad (3336:KL) says its RM1.12bil LRT 3 underground contract terminated

IJM Corporation Berhad (3336:KL) says its RM1.12bil LRT 3 underground contract terminated

IJM Corporation Berhad (3336:KL) says its RM1.12bil LRT 3 underground contract terminated. The company, in a filing with Bursa Malaysia today, said its wholly owned subsidiary, IJM Construction Sdn Bhd (IJMC), had received the notice of termination from MRCB George Kent Sdn Bhd on July 8. IJMC had been awarded the contract on March 13, […]

Australia: S&P/ASX 200 (.AXJO) stocks lower at close of trade

Australia: S&P/ASX 200 (.AXJO) stocks lower at close of trade

Australia: S&P/ASX 200 (.AXJO) stocks lower at close of trade Australia stocks were lower after the close on Tuesday, as losses in the IT, Energy and Utilities sectors led shares lower. At the close in Sydney, the S&P/ASX 200 declined 0.10%. The best performers of the session on the S&P/ASX 200 were Breville Group Ltd […]

CBA eyes Australian Dollar: USD/AUD (AUD=X) consolidation above key level this week

CBA eyes Australian Dollar: USD/AUD (AUD=X) consolidation above key level this week

CBA eyes Australian Dollar: USD/AUD (AUD=X) consolidation above key level this week The Australian Dollar was on the defensive at the beginning of the new week but is tipped by analysts at Commonwealth Bank of Australia (CBA) to prevail in its ongoing scrap for a key level over the coming days.  Australia’s Dollar ceded ground to a […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Down, USD Flat Crude Oil Off, Stocks Lower Notes: BoE Governor Mark Carney has said a global trade war and a no-deal BREXIT were growing risks to Britain’s economy, which might need more help to cope with a downturn. That prompted investors to increase their bets on […]

FTSE Bursa Malaysia KLCI (.KLSE) opens in the negative, tracking Wall Street’s Friday showing

FTSE Bursa Malaysia KLCI (.KLSE) opens in the negative, tracking Wall Street’s Friday showing

FTSE Bursa Malaysia KLCI (.KLSE) opens in the negative, tracking Wall Street’s Friday showing Bursa Malaysia opened lower today, tracking Wall Street’s subdued closing last Friday. Market breadth was negative with 124 decliners outpacing 108 gainers, while 193 counters unchanged, 1,422 untraded and 20 others suspended. Turnover stood at 127.58 million units worth RM46.71 million. […]

Hong Kong: HANG SENG INDEX (.HSI) lower after the U.S. jobs report showed the economy stateside adding 224,000 jobs in June

Hong Kong: HANG SENG INDEX (.HSI) lower after the U.S. jobs report showed the economy stateside adding 224,000 jobs in June

Hong Kong: HANG SENG INDEX (.HSI) lower after the U.S. jobs report showed the economy stateside adding 224,000 jobs in June Stocks in Asia were lower on Monday after a strong jobs report last Friday stateside moderated expectations that the U.S. Federal Reserve could soon be making a move on interest rates. In mainland China, […]

Australia: S&P/ASX 200 (.AXJO) fell after solid US data dampened expectations the Fed would cut rates

Australia: S&P/ASX 200 (.AXJO) fell after solid US data dampened expectations the Fed would cut rates

Australia: S&P/ASX 200 (.AXJO) fell after solid US data dampened expectations the Fed would cut rates Australian shares fell heavily on Monday after a solid US non-farm payrolls print dampened market expectations the Federal Reserve would cut rates more than twice this year. The S&P/ASX 200 Index posted its biggest one-day fall since June 3, closing 79.1 points, […]

Japanese Yen: USD/JPY (JPY=X) market should continue to try to break out to the upside

Japanese Yen: USD/JPY (JPY=X) market should continue to try to break out to the upside

Japanese Yen: USD/JPY (JPY=X) market should continue to try to break out to the upside The US dollar has rallied again during early trading on Monday, reaching towards the ¥108.50 level. At this point, the market looks as if it is trying to reach towards the 50 day EMA above, and if we can break above […]

News dims hopes of aggressive Fed rate cut, sending Singapore: STI Index (.STI) down 32.58 points

News dims hopes of aggressive Fed rate cut, sending Singapore: STI Index (.STI) down 32.58 points

News dims hopes of aggressive Fed rate cut, sending Singapore: STI Index (.STI) down 32.58 points Local shares had only one way to go yesterday after the buoyant United States jobs report last Friday undercut hopes for an aggressive interest rate cut later this month. Disappointed traders sent the Straits Times Index (STI) tumbling 32.58 […]

Australia: S&P/ASX 200 (.AXJO) poised to open lower

Australia: S&P/ASX 200 (.AXJO) poised to open lower

Australia: S&P/ASX 200 (.AXJO) poised to open lower Australian shares are poised to open lower, with the iron ore majors likely to pace losses. Iron ore dropped sharply on Friday after Chinese steel mills requested a probe into this year’s price surge. The spot price of the steel-making material fell 5.9 per cent, according to Fastmarkets […]

Australian Dollar: USD/AUD (AUD=X) dips as RBA strikes again

Australian Dollar: USD/AUD (AUD=X) dips as RBA strikes again

Australian Dollar: USD/AUD (AUD=X) dips as RBA strikes again The RBA lowered interest rates for a second straight month, the first back-to-back cuts since 2012. The benchmark rate currently stands at an even 1.0%, a historical low. In follow-up comments, RBA Governor Lowe said that the economic outlook “remains reasonable”, but investors will no doubt […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

FLASH: Gold Up, USD Firm, Crude Oil Down, Stocks Up Notes: The market’s focus is Friday’s US NFPs for June, which economists expect to have risen by 160,000 in June, compared with 75,000 in May. USD firm on Friday but traders held off on making big bets ahead of the closely-watched US NFPs report that could influence […]

Bangkok Hotels: What’s trending this week

Bangkok Hotels:  What’s trending this week

Bangkok Hotels: What’s trending this week Bangkok is one of those cities that you never get tired of visiting. No matter how many times you’ve been, you’ll always find something new and exciting to see, do, and eat. It’s got a perfect blend of food, culture, nightlife, shopping, affordability, and grittiness that’s unmatched anywhere in […]

KNM (KNMP:KL) bags RM36mil job in Egypt

KNM (KNMP:KL) bags RM36mil job in Egypt

KNM (KNMP:KL) bags RM36mil job in Egypt KNM Group Bhd said an indirect wholly-owned subsidiary FBM Hudson Italiana SpA has secured a RM36.14mil contract in Egypt. The contract, awarded by Technip Italy SpA, was for the design, detailed engineering and fabrication of air cooler heat exchangers at the Middle East Oil Refinery in Alexandria. KNM […]

KENANGA (KNNK:KL) sees opportunity to pick up consumer stocks in 3Q

KENANGA (KNNK:KL) sees opportunity to pick up consumer stocks in 3Q

KENANGA (KNNK:KL) sees opportunity to pick up consumer stocks in 3Q Kenanga research said the forecast weakness in retailers’ performance in 3Q due to an absence of festivities is an opportunity to position for a better 4Q and beyond. “Retailers usually fare the worst in 3Q19 due to the absence of festivities that typically spur […]

Australia: S&P/ASX 200 (.AXJO) investors are continuing to focus on the S&P/ASX 200’s approaching record high

Australia: S&P/ASX 200 (.AXJO) investors are continuing to focus on the S&P/ASX 200’s approaching record high

Australia: S&P/ASX 200 (.AXJO) investors are continuing to focus on the S&P/ASX 200’s approaching record high Australian shares closed at a fresh 11-1/2-year high on Thursday as the major banks rebounded from a poor start to the week’s trading. The S&P/ASX 200 Index closed 32.5 points, or 0.5 per cent, higher at 6718 and the […]

Shanghai: SSE Composite Index (.SSEC) investors awaiting developments around Sino-U.S. trade talks

Shanghai: SSE Composite Index (.SSEC) investors awaiting developments around Sino-U.S. trade talks

Shanghai: SSE Composite Index (.SSEC) investors awaiting developments around Sino-U.S. trade talks China stocks closed lower on Thursday weighed down by a slump in top consumer shares, even as investors awaited developments around Sino-U.S. trade talks. The blue-chip CSI300 index fell 0.5% to 3,873.10, while the Shanghai Composite Index lost 0.3% to 3,005.25. Consumer firms […]

Japanese Yen: USD/JPY (JPY=X) stuck below trendline resistance

Japanese Yen: USD/JPY (JPY=X) stuck below trendline resistance The price of USD/JPY rallied off the lows yesterday, but for now remains below downtrend resistance from the April highs. A move above ¥108.00 would reinforce the emerging bullish picture, and perhaps suggest that a higher low is in play. This would be reversed if the price moves back […]

Singapore: STI Index (.STI) slightly higher as markets in the region had mixed showings

Singapore: STI Index (.STI) slightly higher as markets in the region had mixed showings

Singapore: STI Index (.STI) slightly higher as markets in the region had mixed showings Wall Street posted a record performance on Wednesday on expectations that weak economic data would lead to further interest rate cuts in the United States, but the effect was limited here. The Straits Times Index (STI) finished 4.45 points or 0.1 […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

All US financial markets are closed Thursday for Independence Day FLASH: Gold Down, USD Flat, Crude Oil Down, Stocks Up Notes: Top representatives of the United States and China are organizing a resumption of talks for next week to try to resolve a year-long trade dispute between the world’s 2 largest economies, Trump Administration officials said Wednesday […]

Japanese Yen: USD/JPY (JPY=X) pushes down from resistance

Japanese Yen: USD/JPY (JPY=X) pushes down from resistance

Japanese Yen: USD/JPY (JPY=X) pushes down from resistance Also on the side of USD-weakness, USDJPY has pushed-lower from a key zone of resistance while filling this week’s opening gap. This keeps the door open for further bearish potential in the pair. Prices are finding a bit of short-term support at the 107.50 level that was looked at […]

Australian Dollar: USD/AUD (AUD=X) broke out of its Asian session consolidative trading range

Australian Dollar: USD/AUD (AUD=X) broke out of its Asian session consolidative trading range

Australian Dollar: USD/AUD (AUD=X) broke out of its Asian session consolidative trading range The AUD/USD pair finally broke out of its Asian session consolidative trading range and spiked to fresh session tops, around the 0.7015 region in the last hour. The pair built on the previous session’s post-RBA bounce from 50-day SMA support and continued […]

Shanghai: SSE Composite Index (.SSEC) traders looking ahead to a key government jobs report due out Friday

Shanghai: SSE Composite Index (.SSEC) traders looking ahead to a key government jobs report due out Friday

Shanghai: SSE Composite Index (.SSEC) traders looking ahead to a key government jobs report due out Friday Shares were mostly lower in Asia on Wednesday as the euphoria from President Donald Trump’s truce with China’s Xi Jinping on trade faded. The retreat followed yet another all-time high for the S&P 500 index, though trading in […]

Australia: S&P/ASX 200 (.AXJO) to open lower

Australia: S&P/ASX 200 (.AXJO) to open lower

Australia: S&P/ASX 200 (.AXJO) to open lower The Australian share market is expected to open lower this morning despite U.S. and European markets pushing higher. According to the latest SPI futures, the ASX 200 is poised to open the day 0.1% or 8 points lower. On Wall Street the Dow Jones rose 0.25%, the S&P […]

Hong Kong: HANG SENG INDEX (.HSI) energy firms taking a hit following a plunge in oil prices

Hong Kong: HANG SENG INDEX (.HSI) energy firms taking a hit following a plunge in oil prices

Hong Kong: HANG SENG INDEX (.HSI) energy firms taking a hit following a plunge in oil prices Hong Kong stocks eased today as investors cashed out after the previous day’s rally, with energy firms taking a hit following a plunge in oil prices. The Hang Seng Index dipped 0.07 per cent, or 20.42 points, to […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $XAU, $SLV, $USD,$USO, $OIL, $WEAT, $CORN, $SOY Wednesday, the US financial markets are shortened, and all US financial markets are closed Thursday for Independence Day FLASH: Gold Up, USD Flat, Crude Oil Up, Stocks Off Notes: Bank of England Governor Mark Carney on Tuesday flagged uncertainties stemming from trade disputes and Britain’s departure from the EU […]

Shanghai: SSE Composite Index (.SSEC) stocks slip on trade deal uncertainty

Shanghai: SSE Composite Index (.SSEC) stocks slip on trade deal uncertainty

Shanghai: SSE Composite Index (.SSEC) stocks slip on trade deal uncertainty China stocks eased on Tuesday, as investors were cautious amid uncertainty whether Beijing and Washington could strike a durable deal, while Hong Kong shares rose in line with a global rally in the previous session. The CSI300 index fell 0.1% to 3,933.69 at the […]

Australian Dollar: USD/AUD (AUD=X) continues to see the market struggle with the 0.70 level

Australian Dollar: USD/AUD (AUD=X) continues to see the market struggle with the 0.70 level

Australian Dollar: USD/AUD (AUD=X) continues to see the market struggle with the 0.70 level After the RBA chose not to cut rates overnight, the Australian dollar strengthened significantly. However, we are starting to struggle at the 0.70 level again, so it’s very likely that we’ve got some choppiness ahead of us. The 0.7060 level above continues to […]

Singapore: STI Index (.STI) Cautious investors quick to book profit ahead of Q2 results from companies

Singapore: STI Index (.STI) Cautious investors quick to book profit ahead of Q2 results from companies

Singapore: STI Index (.STI) Cautious investors quick to book profit ahead of Q2 results from companies The week got off to a flying start for Singapore equities following a surprise outcome from the Osaka meeting between the US and China. But Monday’s gains were followed by yesterday’s flat session, with the Straits Times Index (STI) […]

Australia: S&P/ASX 200 (.AXJO) falls flat after RBA’s back-to-back cut

Australia: S&P/ASX 200 (.AXJO) falls flat after RBA’s back-to-back cut

Australia: S&P/ASX 200 (.AXJO) falls flat after RBA’s back-to-back cut The Australian sharemarket fell flat after the Reserve Bank delivered a consecutive cash rate cut, with the big four banks and mining giants pulling in opposite directions. The S&P/ASX200 index lost earlier gains to close just 5.1 points, or 0.08 per cent, higher at 6653.2 […]

Hong Kong: HANG SENG INDEX (.HSI) stocks rally on China-US trade talks renewal

Hong Kong: HANG SENG INDEX (.HSI) stocks rally on China-US trade talks renewal

Hong Kong: HANG SENG INDEX (.HSI) stocks rally on China-US trade talks renewal Hong Kong stocks finished with healthy gains today as investors welcomed the resumption of China-US trade talks and brushed off violent demonstrations that hit the city overnight. The Hang Seng Index rose 1.17 per cent, or 332.94 points, to 28,875.56. The benchmark Shanghai […]

Japanese Yen: USD/JPY (JPY=X) highly sensitive to stock markets and risk appetite

Japanese Yen: USD/JPY (JPY=X) highly sensitive to stock markets and risk appetite

Japanese Yen: USD/JPY (JPY=X) highly sensitive to stock markets and risk appetite The US dollar has rolled over against the Japanese yen in early trading on Wednesday as we continue to see a major churn when it comes to this pair. Ultimately, this is a market that will continue to be very noisy based upon […]

AirAsia Berhad (5099:KL) can resurrect ‘dying’ Malaysia Airlines

AirAsia Berhad (5099:KL) can resurrect ‘dying’ Malaysia Airlines

AirAsia Berhad (5099:KL) can resurrect ‘dying’ Malaysia Airlines Low-cost airline giant AirAsia Group Bhd is seen as a successful airline operator with the capability to save national carrier Malaysia Airlines Bhd (MAB) from “dying”, says Shayne Heffernan, CEO and Founder of Heffx. He pointed out that AirAsia already has one element that is similar to […]

Shanghai: SSE Composite Index (.SSEC) investors welcome an agreement between Donald Trump and Xi Jinping to resume trade talks

Shanghai: SSE Composite Index (.SSEC) investors welcome an agreement between Donald Trump and Xi Jinping to resume trade talks

Shanghai: SSE Composite Index (.SSEC) investors welcome an agreement between Donald Trump and Xi Jinping to resume trade talks Stocks surged in China today as investors welcomed an agreement between Donald Trump and Xi Jinping to resume trade talks. The benchmark Shanghai Composite Index rallied 2.22 per cent, or 66.02 points, to 3,044.90, while the […]

Japanese Yen: USD/JPY (JPY=X) Investors now shift their focus to this week’s important US macro releases

Japanese Yen: USD/JPY (JPY=X) Investors now shift their focus to this week’s important US macro releases

Japanese Yen: USD/JPY (JPY=X) Investors now shift their focus to this week’s important US macro releases The USD/JPY pair quickly retreated around 30-pips from near two-week tops, albeit has managed to hold its neck comfortably above the 108.00 handle. The pair built on last week’s goodish recovery move from multi-month lows and opened with a […]

Australian Dollar: USD/AUD (AUD=X) showing extreme negativity

Australian Dollar: USD/AUD (AUD=X) showing extreme negativity

Australian Dollar: USD/AUD (AUD=X) showing extreme negativity The Australian dollar initially gapped higher but then turned right back around to form a very negative candle. This is an ugly little, as the 0.70 level seems to have resisted the market. Beyond that, we have had the meeting between the Americans and the Chinese, and perhaps the […]

Hong Kong: HANG SENG INDEX (.HSI) rally on restart of talks to end trade war

Hong Kong: HANG SENG INDEX (.HSI) rally on restart of talks to end trade war

Hong Kong: HANG SENG INDEX (.HSI) rally on restart of talks to end trade war Mainland markets rallied on Monday after Presidents Donald Trump and Xi Jinping hit the pause button on the trade war over the weekend, boosting trading sentiment. The Shanghai Composite ended up 2.22 per cent to 3,044.90, its highest level since […]

Australia: S&P/ASX 200 (.AXJO) failed to make strong gains after the US and China agreed to resume trade talks

Australia: S&P/ASX 200 (.AXJO) failed to make strong gains after the US and China agreed to resume trade talks

Australia: S&P/ASX 200 (.AXJO) failed to make strong gains after the US and China agreed to resume trade talks The Australian share market has closed higher but failed to make strong gains after the US and China agreed to resume trade talks over the weekend. The benchmark S&P/ASX200 index was up 29.3 points, or 0.44 […]

Singapore: STI Index (.STI) the G-20 summit in Osaka fuelled optimism that trade tensions between the US and China will ease

Singapore: STI Index (.STI)  the G-20 summit in Osaka fuelled optimism that trade tensions between the US and China will ease

Singapore: STI Index (.STI) the G-20 summit in Osaka fuelled optimism that trade tensions between the US and China will ease Singapore stocks resumed trading in positive territory on Monday, with the Straits Times Index gaining 41.8 points or 1.3 per cent to 3,363.45 as at 1.01pm.  This comes as the G-20 summit in Osaka […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $XAU, $SLV, $USD,$USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Down, USD Up, Crude Oil Up, Stocks Up Notes: The US and China agreed on Saturday to resume trade negotiations after President Trump offered concessions to his Chinese counterpart Xi when the 2 leaders met on the sidelines of the G-20 Summit in Japan. OPEC and […]

Australia: S&P/ASX 200 (.AXJO) RBA decision in focus

Australia: S&P/ASX 200 (.AXJO) RBA decision in focus

Australia: S&P/ASX 200 (.AXJO) RBA decision in focus Australian shares are poised to open higher to start the new fiscal year, bolstered by the weekend US-China trade truce and with investors positioning for a rate cut as soon as tomorrow. ASX futures were up 18 points or 0.3 per cent to 6577 over the weekend. […]

Australian Dollar: USD/AUD (AUD=X) RBA is expected to cut rates this week on Tuesday

Australian Dollar: USD/AUD (AUD=X) RBA is expected to cut rates this week on Tuesday

Australian Dollar: USD/AUD (AUD=X) RBA is expected to cut rates this week on Tuesday Although the RBA is expected to cut rates this week on Tuesday, comments last week from RBA Governor Philip Lowe indicated a somewhat dovish tone moving forward. Lowe essentially said that to expect a further interest rate cut was “no unrealistic”. […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $XAU, $SLV, $USD,$USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Flat, Crude Oil Up, Stocks Ease Notes: President Trump made clear Friday that trade is his Top priority at this G-20 Summit, as China’s Xi warned against rising protectionism and India, Japan and Russia defended multi-lateral trade rules. Investors and Traders await the meeting between […]

NASA to Send Probe to Saturn’s Moon for Clues on Human Origins

NASA to Send Probe to Saturn’s Moon for Clues on Human Origins

NASA plans to send Dragonfly, a drone, to Saturn’s biggest Moon, Titan, the agency said Thursday, announcing the space agency’s latest high-profile mission to explore the solar system for clues on humanity’s origins. “Today I am proud to announce that our next New Frontiers mission, Dragonfly, will explore Saturn’s largest moon, Titan,” NASA administrator Jim […]

Top 10 Best Tourist Attractions in Tokyo

Top 10 Best Tourist Attractions in Tokyo

Top 10 Best Tourist Attractions in Tokyo Tokyo, the capital city of Japan, is also home to the Imperial Palace and the seat of Government and Parliament. In East-Central Honshu, the largest of Japan’s main islands, this heavily populated city is well worth exploring. One of the world’s most modern cities in terms of its […]

Shanghai: SSE Composite Index (.SSEC) shares rally

Shanghai: SSE Composite Index (.SSEC) shares rally

Shanghai: SSE Composite Index (.SSEC) shares rally Chinese stocks closed higher on Thursday, with the 5G and liquor industries leading the bullish trend. The benchmark Shanghai Composite Index gained 0.69 percent to close at 2,996.79 points while the Shenzhen Component Index closed at 9,239.48 points, up 1.28 percent. The combined turnover in the two indices […]

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