Early gains..?
Gains?
In Singapore market?
What a load of Crap!!!!!
ASIA OPEN: Greek agreement hopes trigger huge risk rallySYDNEY, June 23 (IFR) - Asian risk markets are set for sizable early gains
following dramatic overnight rallies in eurozone equities and bonds on the back
of elevated hopes for a near-term Greek debt agreement.Eurozone??assets??soared in response to EU leaders' welcoming of Greece's new
reform offer, significantly increasing the prospects of a creditors' deal ahead
of June 30's EUR1.6bn (USD1.81bn) IMF payment.The reform package, including higher taxes and the curtailment of early
retirement, convinced EU Economics Commissioner Pierre Moscovici to predict that a way out of the Greek crisis will be found.The Athens Stock Exchange jumped 9.0%,??led by??a 20% plus leap in bank shares, while the DAX, CAC 40, FTSE Milan and Spanish IBEX surged 3.81%, 3.81%, 3.47% and 3.87%, respectively.
Southern European sovereign bond gains were no less impressive as Greek 2-year
and 10-year yields plunged 493bp and 119bp to 23.60% and 11.22%, respectively.
As contagion fears faded Portuguese, Spanish and Italian 10-year yields fell
19bp, 16bp and 13bp to 2.84%, 2.12% and 2.16%, %, respectively.With investors flocking back into riskier assets, Bunds lost their safe-haven
shine??to take??10-year German yields??11bp higher to 0.88%.The US Treasury market suffered a similar fate with 10-year yields rising 11bp
to 2.37%. The risk-off tone there was exacerbated by a strong May existing home
sales report that boosts the prospects of a September Fed rate hike. Sales rose
5.1% last month (4.4% expected) for the highest annualised rate in six years of
5.35m.While hardly matching the eurozone's stellar equity gains, Wall Street closed
firmly in the black with the Dow Jones and S&P 500 rising 0.58% and 0.61%,
respectively. The UK's FTSE 100 gained 1.72% intraday.
ASIA OPEN: Greek agreement hopes trigger huge risk rally
SYDNEY, June 23 (IFR) - Asian risk markets are set for sizable early gains
following dramatic overnight rallies in eurozone equities and bonds on the back
of elevated hopes for a near-term Greek debt agreement.
Eurozone??assets??soared in response to EU leaders' welcoming of Greece's new
reform offer, significantly increasing the prospects of a creditors' deal ahead
of June 30's EUR1.6bn (USD1.81bn) IMF payment.
The reform package, including higher taxes and the curtailment of early
retirement, convinced EU Economics Commissioner Pierre Moscovici to predict that a way out of the Greek crisis will be found.
The Athens Stock Exchange jumped 9.0%,??led by??a 20% plus leap in bank shares, while the DAX, CAC 40, FTSE Milan and Spanish IBEX surged 3.81%, 3.81%, 3.47% and 3.87%, respectively.
Southern European sovereign bond gains were no less impressive as Greek 2-year
and 10-year yields plunged 493bp and 119bp to 23.60% and 11.22%, respectively.
As contagion fears faded Portuguese, Spanish and Italian 10-year yields fell
19bp, 16bp and 13bp to 2.84%, 2.12% and 2.16%, %, respectively.
With investors flocking back into riskier assets, Bunds lost their safe-haven
shine??to take??10-year German yields??11bp higher to 0.88%.
The US Treasury market suffered a similar fate with 10-year yields rising 11bp
to 2.37%. The risk-off tone there was exacerbated by a strong May existing home
sales report that boosts the prospects of a September Fed rate hike. Sales rose
5.1% last month (4.4% expected) for the highest annualised rate in six years of
5.35m.
While hardly matching the eurozone's stellar equity gains, Wall Street closed
firmly in the black with the Dow Jones and S&P 500 rising 0.58% and 0.61%,
respectively. The UK's FTSE 100 gained 1.72% intraday.
Market Preview
Singapore market seen to open higher on Greece hopes
June 23, 2015 : 7:48 AM
Singapore stocks could open higher on Tuesday as hopes grew that a deal would be reached to prevent Greece from defaulting on loans.
US stocks ended higher on Monday, with the Nasdaq closing at a record as hopes.
The Dow Jones industrial average rose 104.53 points, or 0.58%, to 18,120.48, the S & P 500 gained 13 points, or 0.62%, to 2,122.99 and the Nasdaq Composite added 36.97 points, or 0.72%, to 5,153.97.
On the homefront, the Straits Times Index rose 0.43% to 3,315.13 with 1.27 billion shares valued at $ 1.01 billion changed hands.
Here are some stocks and factors that could move the market this morning:
Keppel Fels, a unit of Keppel Corp , and Jurong, a unit of Sembcorp Marine , were allegedly among a group of companies that paid bribes through intermediaries to win contracts for building 21 deep-water drilling vessels that cost about US $ 800 million ($ 1.1 billion) each, according to testimony released last Friday by a Brazilian court.
The contracts were awarded by Sete Brasil, a company set up by a group of Brazilian banks and Petrobras to build deep-water rigs and then lease them to the state-controlled oil producer.
Keppel Corp and SembMarine closed at $ 8.41 and $ 2.88 respectively.
The Ministry of Social and Family Development has appointed DBS Bank and United Overseas Bank (UOB ) as new managing agents for the Child Development Account from the second quarter of next year.
DBS and UOB closed at $ 20.88 and $ 23.03 respectively.
Ntegrator International has secured four contracts worth $ 8.2 million from repeat customers in Myanmar and Singapore.
Ntegrator closed flat at 2.7 cents yesterday.
Roxy-Pacific Holdings ' wholly-owned unit, together with several other parties, is planning to buy a piece of land in Jakarta, Indonesia, for $ 6.8 million to develop a hotel.
Roxy-Pacific closed at 50 cents.
EU leaders are reviewing the revised offer from Greece, it will take a few days & likely to find a settlement by end of this week.
Doubt EU will allow Greece to be rescued by Russia and become a thorn in the Eurozone. And with Russia also having its own challenges over sanctions by the Western powers now so tough for Greece not to bent in to EU's demands.
No deal from Grexit, said EU financial chief.Grexit: Greece prepares for ' difficult day' if ...
http://www.smh.com.au/world/ grexit-greece-prepares-for-difficult-day-if-deal-not-struck-20150622-ghuidm.html
Greek banks &ndash and their customers &ndash should brace for a " difficult day" on Tuesday if the Athens government does not reach a deal with its ...
No deal from Grexit, said EU financial chief.
Grexit: Greece prepares for ' difficult day' if ...
Tsipras struck a very cooperative tone in the summit and promised to work further on the proposals to ensure a deal this week.
Juncker said he had proposed a 35 billion euro programme for growth-enhancing measures in Greece up to 2020.
Europe gave a cautious welcome Monday to new Greek proposals aimed at ending a damaging standoff that threatens the country' s future in the euro.
Greece urgently needs more money from EU or it will most likely miss a payment to the Int' l Monetary Fund due next week, setting it on an unpredictable path that could lead out of eurozone.
Finance officials met in Brussels to review the latest submission from the Greek govt, ahead of a summit of eurozone leaders including German Chancellor Angela Merkel later on Monday.
Jeroen Dijsselbloem, who chaired the meeting of finance ministers, said at first glance the proposals to reform the Greek economy and close a budget gap were " broad and comprehensive" but needed a much more detailed assessment.
Europe gave a cautious welcome Monday to new Greek proposals aimed at ending a damaging standoff that threatens the country' s future in the euro.
Greece urgently needs more money from EU or it will most likely miss a payment to the Int' l Monetary Fund due next week, setting it on an unpredictable path that could lead out of eurozone.
Finance officials met in Brussels to review the latest submission from the Greek govt, ahead of a summit of eurozone leaders including German Chancellor Angela Merkel later on Monday.
Jeroen Dijsselbloem, who chaired the meeting of finance ministers, said at first glance the proposals to reform the Greek economy and close a budget gap were " broad and comprehensive" but needed a much more detailed assessment.
" Regrettably ... too little progress has been made. No agreement is in sight," Jeroen Dijsselbloem, chairman of the Eurogroup, told a news conference. Ministers sent a strong signal that it is up to Greece to make new proposals, he said.
Greeks are the Kings now... They call the shot... lol
http://money.cnn.com/data/markets/
Dow hit +180.10 pts or 1.00% to 18,115.84 and Nasdaq hit +68.07 or 1.34%, new high to 5,132.95
All eyes on Yellen n Greek, as Greek central bank issues ' Grexit' warning if aid talks fail?.
U.S. stk index futures inched up on Wed, then investors remained cautious ahead of a Federal Reserve statement that could provide hints on the timing of a rate hike.
* Caution reigns as Fed n Greek uncertainty rumble on Investors in most asset classes traded cautiously on Wednesday as they waited for a signal from Feb on its 1st rate hike n whether?, will EU would pull another Greek rabbit out of its hat?.
* Greek central bank warned that the country would be put on a " painful course" towards default and exiting EU zone if the govt and its international creditors failed to reach an agreement on an aid-for-reforms deal.
long the US market tio bo.... huat ah..... in the afternoon -80...bo daji one.... bull coming and deal closing... fed pushing rate increase to 2016..
:))
From 15th June. As a SGX new Chief Regulatory Officer (CRO).Will Mr Tan Boon Gin take a hawk eye view?, as many ppl' s deem SGX-Exch is oredi nick as shortist haven.
Everyone know or knew SGX stocks will be cheaper, cheaper and even getting into nobody will buy situation.
Just this alone, eventually will lead to becoming a Shortists haven and a dollar stk becoming a 10 cents stk.
There's no meaning to bring whatever the valueable stock to it knee. As everyone can see n watch more n more is getting cheaper n cheaper.....the cheapest
