|
Symbol
|
Name
|
Price
|
Change
|
%Change
|
|
|---|---|---|---|---|---|
| DJIA | Dow Industrials | 17930.67 |
|
-28.97 | -0.16% |
| S& P 500 | S& P 500 Index | 2088.66 |
|
-9.28 | -0.44% |
| NASDAQ | NASDAQ Composite | 5058.41 |
|
-47.16 | -0.92% |
Stocks close lower S & P posts 8-day losing streak amid US election fears
U.S. stocks closed lower on Thursday, with information technology led decliners, as concerns over the presidential election lingered.
Investors " look at Donald Trump as the great unknown," said Robert Pavlik, chief market strategist at Boston Private Wealth. " Hillary Clinton, while not business friendly, is certainly market friendly."
" This is all about the election and the breaking of technical support," he said. " People are now thinking the 200-day moving average is in play" on the S & P 500, around 2,082.
Investors also digested a slew of economic data on Thursday Initial jobless claims came in at 265,000, above a consensus estimate of 258,000. Also, the preliminary read on third-quarter productivity showed an increase of 3.1 percent, well above the expected rise of 2 percent . Other data released Thursday included the ISM non-manufacturing index for October, which came in below expectations. Factory orders, meanwhile, rose for a third straight month.
Investors were also waiting on the October jobs report, scheduled for release Friday at 8:30 a.m. ET. Economist polled by Reuters expect the U.S. economy to have added 175,000 jobs last month.
US crude futures for December delivery fell 1.5 percent to settle at $ 44.66 per barrel. Gold futures for December delivery fell $ 4.90 to settle at $ 1,303.30 per ounce.
Read more ...
Straits Times Index
2,802.08 -0.18%-5.06▼
| Volume: | 1,659.5M | ||
| Value: | $1,042.2M | ||
| Gainers/Losers: | 198/188 | ||
Singapore shares close mixed STI stalls but trades focus on ' situational plays'
THE listing of HC Surgical Specialists, the privatization of Super Group and the possible takeover of Global Logistic Properties help boost trading at Singapore Exchange on Thursday, overshadowing worries around the globe that Donald Trump might become the next US president.
Those worries first depressed the Straits Times Index (STI) 18 points to an intraday low of 2,789 but by 5pm, the index had rebounded to 2,802.08 for a net loss of just 5.06 points.
Traders, however, focused their attention on the three " situational plays" , that is stocks for which there were either concrete announcements or a very playable theme or both.
This elevated volume to 1.7 billion units worth S $ 1.04 billion, the first time in two weeks dollar value was more than S $ 1 billion. Gainers outnumbered losers 198 to 188.
Asian Shares Mixed on U.S. Election Uncertainty
Asian shares were mixed on Thursday as uncertainty over the outcome of the U.S. presidential race continues to keep traders on edge.
Activity in China' s service sector expanded at a faster pace in October, a private gauge showed Thursday, adding to recent signs of firmness in the country' s economy. The Caixin China services purchasing managers index rose to 52.4 in October from 52.0 in September.
A reading above 50 indicates a month-to-month expansion while a reading below that points to a contraction. This added to the feedback manufacturing PMI data for China released Tuesday.
" I think it' s very positive," said Christoffer Moltke-Leth, director of global sales trading at Saxo Capital Markets about the strong Caixin data. " It also confirmedms to me that China should reach its GDP goal for the year ... equities are Also taking note. "
China' s domestic stocks opened lower but started to trade up on the back of the strong Caixin PMI data. The Shanghai Composite was up 0.98%.
Stocks To Watch
Super Group, StarHub, China Aviation Oil, Breadtalk, Rowsley, GLP
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Symbol
|
Name
|
Price
|
Change
|
%Change
|
|
|---|---|---|---|---|---|
| DJIA | Dow Industrials | 17959.64 |
|
-77.46 | -0.43% |
| S& P 500 | S& P 500 Index | 2097.94 |
|
-13.78 | -0.65% |
| NASDAQ | NASDAQ Composite | 5105.57 |
|
-48.01 | -0.93% |
S & P posts 7-day slide as US election fears linger Fed holds rates steady
U.S. equities closed lower on Wednesday after the Federal Reserve kept interest rates unchanged, while worries surrounding the presidential election weighed on investor sentiment.
" There' s no surprises here. This meeting was about setting the mood music ahead of the December meeting. All the signs now point to a hike in December. The labor market is doing well, inflation is creeping up and growth is good," Luke Bartholomew , Fixed income investment manager at Aberdeen Asset Management.
That' s why the statement carries enough room for the Fed to wriggle out come December if economic and financial conditions change, " he said." But there' s a small matter of the US election to navigate in between now and the US Federal Reserve' s next meeting.
Investors also watched out for new development on the US presidential election front. In less than a week, what seemed like a sure victory for Democratic nominee Hillary Clinton has turned into a tighter race, with Republican nominee Donald Trump' s polling numbers spiking after a letter said The FBI was looking into new emails related to Clinton. Financial markets around the world had largely been settled in a Clinton victory before the letter had been released.
" If Clinton had a bigger lead, I think the Fed would feel more comfortable raising rates today," said Adam Sarhan, CEO at Sarhan Capital.
In oil markets, U.S. crude prices sank 2.85 percent to settle at $ 45.34 per barrel after the Energy Information Administration reported a crude stockpile build of 14.4 million barrels, the largest increase on record.
Gold futures for December delivery rose $ 20.20 to settle at $ 1,308.20 per ounce.
Straits Times Index
2,807.14 -0.23%-6.55▼
| Volume: | 1,313.6M | ||
| Value: | $1,000.9M | ||
| Gainers/Losers: | 119/240 | ||
Singapore shares close 0.2% lower on Wednesday
SINGAPORE stocks ended 0.2 per cent lower on Wednesday, with the Straits Times Index losing 6.55 points to 2,807.14.
The blue-chip index retreated after polls in the United States suggested the US presidential election next week may be a closer race than investors might like.
About 1.31 billion shares worth S $ 1 billion changed hands, which worked out to an average unit price of S $ 0.76 per share.
The most actively traded counter was warehouse owner Global Logistic Properties, which rose S $ 0.155 to S $ 1.945 with 139 million shares changing hands. Other actives included QT Vascular and Noble Group.
Losers outnumbered gainers 240 to 119, or about two down for every one up.
With this ...Oil would remain stable and may see $60 .
Nov 1, 20168:41 AM
[LONDON] Opec' s most senior official said the organisation and other major oil producers are " on course" to deliver a deal this month that will temper the global oversupply.
All of Opec' s 14 members as well as erstwhile rivals such as Russia are committed to finalising the agreement, to be completed when the group meets Nov 30, Secretary-General Mohammed Barkindo said Monday in a Bloomberg Television interview.
Even Iraq, which has demanded an exemption from supply caps and vowed to increase production, is willing to play its part, he said.
Oil' s rally above US$50 a barrel has faltered amid doubts that the Organisation of Petroleum Exporting Countries will make the supply cuts it pledged in Algiers in September as Iran, Iraq, Libya and Nigeria all seek to be excluded from the deal, while non-members such as Russia give equivocal signals of their support.
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Symbol
|
Name
|
Price
|
Change
|
%Change
|
|
|---|---|---|---|---|---|
| DJIA | Dow Industrials | 18037.10 |
|
-105.32 | -0.58% |
| S& P 500 | S& P 500 Index | 2111.72 |
|
-14.43 | -0.68% |
| NASDAQ | NASDAQ Composite | 5153.58 |
|
-35.55 | -0.69% |
Stocks close lower in choppy trade as a Fed meeting, US election loom
U.S. equities fell on Tuesday, the first trading day of the month, as the recent election news and a Federal Reserve meeting sent jitters through the market.
" Earnings have been better than expected, and that would typically be a catalyst. But that is being negated by the noise on the political front," said Bruce Bittles, chief investment strategist at Baird. " If [Donald Trump] That would set up a sort-of Brexit moment. "
The Dow Jones industrial averagedering fell about 200 points in afternoon trade and momentarily broke below 18,000, with Apple contributing the most losses, before closing about 100 points lower.
Investors also kept an eye on the Fed, as the central bank began a two-day meeting Tuesday. While the central bank is largely expected to keep interest rates unchanged at this meeting, market expectations for a December rate hike are more than 70 percent.
In economic news, the October read on the Markit manufacturing PMI came in at 53.4, above September' s number of 51.5. The ISM manufacturing index for October met expectations at 51.9, while construction spending data for September missed consensus.
Overseas, European equities traded mostly lower, with the pan-European Stoxx 600 index falling about 1 percent. In Asia, the Nikkei 225 closed marginally higher after the Bank of Japan held monetary policy steady.
US crude prices for December delivery fell 0.41 percent to settle at $ 46.67 per barrel. Gold futures for December delivery rose $ 14.90 to settle at $ 1,288 per ounce.
Read more ...
Straits Times Index
2,813.69 -0.01%-0.18▼
| Volume: | 1,306.3M | ||
| Value: | $832.9M | ||
| Gainers/Losers: | 167/182 | ||
Singapore shares close flat after early jump fizzles out
BETTER-THAN-EXPECTED China manufacturing numbers on Tuesday helped lift sentiment throughout the region, adding about 19 points to the Straits Times Index at 2,832 during the morning session.
By 5pm, however, the index' s gain had been whittled down to a net loss of 0.18 point at 2,813.69, possibly in anticipation of a weak Tuesday for Wall Street. The Dow futures rose 55 points in the morning and traded 20 points higher in the late Evening.
Turnover here was a mediocre 1.3 billion units worth S $ 833 million on Tuesday, the 12th consecutive day that the dollar value fell below the S $ 1 billion level that is estimated to be the broking industry' s breakeven point.
The average value traded was S $ 0.64 per unit and of the 20 most actively traded counters, 15 were priced below S $ 0.20.
oil up, futures up, asia up, europe up...STI down...That shows we are unique world class..
Dow future up 51 points
Oil prices rise from one-month lows after OPEC approves strategy
58 Mins Ago
Oil prices edged higher from one-month lows in early trading in Asia on Tuesday after OPEC agreed on a long-term strategy that was seen as an indication the cartel was reaching a consensus on managing production.
But the profits were limited as the market was weighed down by further indications of record output from the group, a sign the glut that has kept a lid on prices is not draining away as fast as the oil bulls would like.
The Organization of the Petroleum Exporting Countries (OPEC) approved a document on Monday outlining its long-term strategy that would mean returning to its role managing the market and being more proactive in anticipating market changes.
Read more ...
Singapore Shares Chart Their Own Course
Singapore' s benchmark index is up in the first hour of trade Tuesday, recovering from a sharp fall last week. The Straits Times Index has added 13.54 points, or 0.5%, to trade at 2827.41, after shedding 1.5% in the previous five trading days.
The cues from global markets are not strong, with a tepid U.S. market and several Asian rivals cautious ahead of big data events.
Singapore Telecommunications, which is favorably in times of uncertainty, has added 1% at S $ 3.92.
DBS Group Holdings is up 0.7% at S $ 15.11 after its earnings report on Monday showed resilience amid rising bad.
Rival Oversea-Chinese Banking Corp. is up 0.9% at S $ 8.56, while United Overseas Bank is up 0.3% at S $ 18.83 as local banks recover after their earnings show investors that they are staying prudent to tide over their troubles.
The Hang Seng Index in Hong Kong is rising higher, trading up 1.15% at 23197.59 points, following the release of Chinese manufacturing data suggesting China' s economy is stabilizing. The Caixin China PMI reading for October came in at 51.2, up from 50.1 in September. Earlier in the session, the official PMI weighed in at 51.2 in October, against expectations for 50.3 and up from 50.4 in September. A figure above 50 indicates expansion.
Asian Indexes
| Index | Country | Change | % Change | Level | Last Update | |
|---|---|---|---|---|---|---|
 |
Australia ASX All Ordinaries | Australia | -26.20 | -0.48% | 5,376.20 | 10:06pm ET |
| |
Shanghai SE Composite Index | China | +8.58 | +0.28% | 3,109.08 | 10:13:43am ET |
| |
Hang Seng | Hong Kong | +263.05 | +1.15% | 23,197.59 | 10:13:42am ET |
 |
Mumbai Sensex | India | +107.17 | +0.38% | 8,928.20 | Oct 28 |
| |
Nikkei 225 | Japan | -24.68 | -0.14% | 17,400.34 | 10:06pm ET |
| |
Taiwan TSEC 50 Index | Taiwan | -12.91 | -0.14% | 9,277.21 | 10:06pm ET |
