What will happen to the heading if it reboundEd? Hmm
Straits Times Index
2,809.35 -0.32% -9.03
Volume:
1,170.8MValue:
$1,047.2MGainers/Losers:
160/187Singapore shares close lower in line with Wall Street weakness
WEDNESDAY' S trading session was cautious and volatile as traders looked to the Dow futures for direction following the large swings on Wall Street over the past few days.
The Straits Times Index (STI) first slid to an intraday low of 2,800 before climbing up to 2,809.35 for a net loss of 9.03 points at 5pm. This was almost in exact lockstep with the movements in the Dow futures, the latter recording a 25 point rise at 5pm which gave hope that Wall Street would stabilise on Wednesday.
Turnover amounted to 1.2 billion units worth S $ 1.05 billion compared to Tuesday' s S $ 1.4 billion, and excluding warrants there were 160 rises versus 187 falls. Trading in the 30 index components accounted for S $ 688.3 million or 66 per cent of total business.
Straits Times Index
2,809.35 -0.32% -9.03
| Volume: | 1,170.8M | ||
| Value: | $1,047.2M | ||
| Gainers/Losers: | 160/187 | ||
Singapore shares close lower in line with Wall Street weakness
WEDNESDAY' S trading session was cautious and volatile as traders looked to the Dow futures for direction following the large swings on Wall Street over the past few days.
The Straits Times Index (STI) first slid to an intraday low of 2,800 before climbing up to 2,809.35 for a net loss of 9.03 points at 5pm. This was almost in exact lockstep with the movements in the Dow futures, the latter recording a 25 point rise at 5pm which gave hope that Wall Street would stabilise on Wednesday.
Turnover amounted to 1.2 billion units worth S $ 1.05 billion compared to Tuesday' s S $ 1.4 billion, and excluding warrants there were 160 rises versus 187 falls. Trading in the 30 index components accounted for S $ 688.3 million or 66 per cent of total business.
European stocks open higher as markets watch central banks, oil
European stocks opened higher on Wednesday shrugging off market jitters over central bank uncertainty and a renewed drop in oil prices.
The pan-European STOXX 600 was up 0.41 percent.
European bucked the negative trade seen in Asia and the U.S. on Tuesday where uncertainty over central banks' next moves worried investors.
The U.S. Federal Reserve meets next week on September 20 although the chances of a rate hike remain slim. Market expectations for a Fed rate hike next week were 15 percent Tuesday, according to the CME Group' s FedWatch tool.
Rebound at 4 pm???
Dow future up 59 points
Stocks To Watch
Darco, iX Biopharma, China Flexible Packaging, Vibrant, Hoe Leong, IPCO
Trump, Fed rate hike, N Korea, Oil Price.........
| Index Close | Cur Future | Change | |
|---|---|---|---|
| 18066.75 | 18033.0 |
|
+24.00 |
STI looks to rebound as US futures looking green right now...
STI looks to rebound as US futures looking green right now...
Asia set to open lower amid rising volatility and falling oil prices
Futures pointed to a lower open for Asian markets on Wednesday, following U.S. losses amid a spike in volatility and lower oil prices.
Australia' s SPI futures were a touch lower at 5,183 compared to the ASX 200' s last close at 5,207.78.
Nikkei futures were off by more than 100 points compared to the benchmark index' s Tuesday finish at 16,729.04, with Chicago futures at 16,615 and Osaka futures at 16,510.
Oil prices took a hit in the U.S. session after the International Energy Agency (IEA) warned in its latest market update that it may take longer for oil prices to re-balance, citing a faster-than-expected slowdown in global oil demand growth.
U.S. crude futures fell 3 percent to $ 44.90, while Brent slipped 2.5 percent to $ 47.10
On Monday, the Organization of the Petroleum Exporting Countries (OPEC) said key central bank decisions, such as the one due in the U.S. later this month, would be crucial in determining the state of global growth and the overall health of the energy sector.
|
Symbol
|
Name
|
Price
|
Change
|
%Change
|
|
|---|---|---|---|---|---|
| DJIA | Dow Industrials | 18066.75 |
|
-258.32 | -1.41% |
| S& P 500 | S& P 500 Index | 2127.02 |
|
-32.02 | -1.48% |
| NASDAQ | NASDAQ Composite | 5155.25 |
|
-56.63 | -1.09% |
Stocks close 1% lower as Fed fears loom oil slides
U.S. stocks closed sharply lower Tuesday, lead by energy, as investors digested a spike in volatility and falling oil prices, while looking ahead to next week' s Federal Reserve meeting.
" We' re back in the world of volatility, which I do not think is a surprise since we' ve had fears over the Fed and falling commodity prices," said Kate Warne, investment strategist at Edward Jones.
" I tend to look at the market from three different perspectives: Technical, fundamental and psychological," said Daniel Deming, managing director at KKM Financial " You' ve got a technical breakdown ... fundamentals are pretty weak" and the market' s. psychology has been affected by several changes in expectations regarding economic growth and the election, among others. " Now, with the possibily that [Donald] Trump might turn this into a race again after it was all said and done, the market has not completely priced that in. "
The Dow Jones industrial average closed more than 250 points after dropping nearly 300 points, with Goldman Sachs contributing the most losses.
" The fact of the matter is the market is in a downward cycle," said Peter Cardillo, chief market economist at First Standard Financial. " With the lack of macro news, the market is trapped in a sea of worry right now."
The S & P 500 dropped approximately 1.5 percent, with energy falling about 2.9 percent, leading all sectors lower.
The Fed is scheduled to meet next Tuesday through Wednesday. Market expectations for a Fed rate hike next week were 15 percent Tuesday, according to the CME Group' s FedWatch tool.
Gold futures for December delivery settled $ 1.90 lower at $ 1,323.70 per ounce.
Read more....
