Might see heavy profit taking tomorrow, the rally this week has been very generous to all
mad man is back.
Nothing to fear.... Good luck... Long oil and enjoy..
Nothing to fear.... Good luck... Long oil and enjoy..
Enjoy the oil rally... Noble cosco kepcorp, ipco, hlh.. Enjoy...
Straits Times Index
2,657.57 1.67% +43.78
European Stocks Steady After Rally
European stocks and U.S. futures steadied Thursday after Wall Street posted its biggest three-day rise since August.
The moves came after Wall Street closed with steep gains Wednesday as investors bought up corners of the market that have fallen sharply in recent weeks.
Some stronger-than-expected industrial production data reassured investors about the strength of the U.S. economy, a key concern that has weighed on markets this year.
Meanwhile, crude-oil futures continued to build on a recent rally, boosting investor sentiment. Brent crude oil was last up 1.4% at $ 35.00, adding to a rise of over 4% this week. Traders viewed Iran' s support for an agreement that other oil producers freeze their production as a positive first step in stabilizing prices, even though Iran
Stocks in Asia mostly rose, meanwhile, as investors sought bargains following a recent rout.
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Very nice cake and looks delicious
Today' s Café Special: STI In Wonderland Cake.
The FTSE Straits Times Index stages a robust recovery in Thursday' s session, up 1.7% to 2657.63, its highest in more than a month.
Offshore marine and commodities continue to lead gains, after heavy losses earlier this year prompted analysts to look more favorably on their valuations.
Results are also in focus after a handful of companies reported their financial performance.
Asian stocks extend global rebound as oil rallies, STI up 1.7%
Asian stocks rallied on Thursday (Feb 18) and safe-haven government bond prices fell as crude oil prices extended gains on hopes that big producers will cap production, improving investors' appetite for riskier assets.
Crude remained the main market driver, with oil prices up as much as 3 per cent in early Asian trade following a 7 per cent jump on Wednesday after Iran voiced support for a Russia-Saudi-led move to freeze production to deal with the market glut that had pushed prices to 12-year lows.
US crude futures jumped US $ 1.06 shortly after Asian markets opened, and were up 57 cents at US $ 31.23 a barrel as of 0818 GMT.
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Asian Indexes
| Index | Country | Change | % Change | Level | Last Update | |
|---|---|---|---|---|---|---|
 |
Australia ASX All Ordinaries | Australia | +91.10 | +1.84% | 5,029.50 | 9:08pm ET |
| |
Shanghai SE Composite Index | China | +3.83 | +0.13% | 2,871.17 | 9:13pm ET |
| |
Hang Seng | Hong Kong | +414.81 | +2.19% | 19,339.38 | 9:13pm ET |
 |
Mumbai Sensex | India | +189.90 | +0.81% | 23,381.87 | 7:29am ET |
| |
Nikkei 225 | Japan | +381.06 | +2.41% | 16,217.42 | 9:08pm ET |
| |
Taiwan TSEC 50 Index | Taiwan | +92.46 | +1.13% | 8,306.71 | 9:08pm ET |
Ur shorts go down d drain...try to safe it with words is of no use..rally will b extended...hiak3
Stocks up 2 to 3 days already, as usual, big drops to resume again next.take some profit if you can. keep some cash. so can buy when big drop again
Stocks up 2 to 3 days already, as usual, big drops to resume again next.
take some profit if you can. keep some cash. so can buy when big drop again
i think trough is 15500 , last kiss godbye is 16000, i hope it go on to another new high before it crash nt yr.
Today' s Café Special: STI In Wonderland Cake.
I dun think dj up only cos oil. I think more on talks of negative int rates & qe4
Oil extends gain as Iran backs Saudi-Russian output freeze without committing to curbs itself
il extended gains above US $ 31 a barrel on Thursday (Feb 18) as Iran supported a proposal by Saudi Arabia and Russia to freeze production at near-record levels, without saying whether it would curb its own output.
Futures climbed as much as 3.5 per cent in New York after rising 5.6 per cent on Wednesday.
Iran backs any measures to stabilise markets including the output cap, Oil Minister Bijan Namdar Zanganeh said after talks with Qatar, Iraq and Venezuela, according to a report from the Shana news service.]
Brent for April settlement increased US $ 2.32, or 7.2 per cent, to US $ 34.50 a barrel on the London-based ICE Futures Europe exchange on Wednesday.
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Do not Panic About China' s
Growth will slow to 6.7 percent in the first three months of this year as financial services contributes less to the expansion than a year ago and because policy measures to support growth have tapered off from the last quarter of 2015, says Song Yu, Beijing-based chief China economist at Goldman Sachs Gao Hua Securities Co. and the best overall forecaster of China' s economy according to Bloomberg Rankings for the past two years.
Even though full-year growth will drop to 6.4 percent in 2016 as wages, employment and consumption " take a hit," Song says he' s not negative about China' s economic prospects and dismisses dire predictions of a coming collapse.
" Some people are making extreme arguments to say the whole machine is not working," said Song. " That' s not what we see. Overall, the plane is moving in the direction it should be and it' s broadly under control."
This week, policy makers stepped up support for the economy, with the nation' s chief planning agency making more money available for local infrastructure projects, according to people familiar with the matter.
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