CMC Markets – Evening Update 28/01/13


By Donal Nee
Dealer
CMC Markets Singapore

Equity markets have started the week on a positive note as most of the Asian indices posted gains today. With the Australian markets closed for Australia Day celebrations, the rest of Asia jumped out of the starting blocks, following the positive lead from the U.S on Friday’s session. The Dow Jones Industrial Average continued its impressive runs higher for the 11th time in 12 sessions, not to mention the S&P 500 performance, finishing above 1,500 for the first time since late 2007, the S&P 500 has now risen 5.4% since the start of January. In China, data released on Sunday showed profits at the country’s biggest industrial enterprises slowed sharply in 2012, growing by only 5.3%, nearly one-fifth of the 25.4% jump seen the previous year.

Hong Kong stocks got off to a positive start to the week, the Hang Seng Index rose 0.35% with shares in China Resources Land and Hang Lung Properties adding 1.5% each, while Sino Land and heavyweight stock HSBC Holdings both jumping 1.2%. On the down side however, shares in shipping giant China Cosco Holdings tumbled 5.8% after warnings of a “significant net loss” for 2012.

Japan’s Nikkei managed to hit an intraday high of 11,000, reclaiming the milestone for the 1st time since April 2010, before retreating as profit-taking kicked in with the upcoming reporting session about to start. The benchmark index was down 0.95% at the close. The Japanese Prime Minister Shinzo Abe also had his 1st policy speech to parliament today in which he urged the Bank of Japan to hit its inflation target as soon as possible and to keep its promise for bolder action in order to lift the country out of deflation.

On the local front, Singapore’s straits times managed to continue its impressive run as it hit 2 year highs to close up 0.2% at 3,275. Shares in commodities firm, Noble Group advance 2.9% today hitting 2 month highs along the way. Reports also came out today from Fraser and Neave’s financial adviser that the recent offer of $9.55 a share from Thai Billionaire Mr Charoen, through his unlisted vehicle TCC Assets was fair and falls within their valuation of $8.58 to $11.68 a share.

U.S crude oil continued it ascent today, rising 20 cent to trade at $96.07 a barrel. Gold managed to trade fractionally higher as optimism continues to grow over the global economic outlook which has led to a sell off on the precious metal over the last number of weeks. Gold traded up 0.1% at $1660.7 an ounce.

For the week ahead we will see the busiest section of fourth-quarter earnings in the U.S, with 122 of the S&P 500 scheduled to release results however tonight we will have U.S Pending Home Sales data. On Wednesday we will be turning our attention back to Japan for Retail Sales y/y figures then on Thursday we will have New Zealand’s Official Cash Rate decisions with expectation for it to remain at 2.5%. On Friday we will see the all-important U.S nonfarm payrolls report for January, with many analysts expecting to see 157,000 jobs to be added however the unemployment rate is expected to remain at 7.8%.

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...
  • Markets Right Now: Banks lead US stocks higher on rate hopes Associated Press - 14 minutes ago

    The latest on developments in global financial markets (all times local): 11:45 a.m. Banks are leading stocks higher at midday as investors hope for higher interest rates. Wells Fargo, the nation's largest ... … More »

  • Oil down nearly 2 percent on surging OPEC output, strong dollar
    Oil down nearly 2 percent on surging OPEC output, strong dollar Reuters - 25 minutes ago

    Oil prices fell nearly 2 percent on Monday, snapping two consecutive days of gains, on caution over galloping Middle East crude output and a stronger dollar boosted by speculation of a U.S. rate hike by the year-end. Iraq, which has exported more … More »

  • U.S. assets gain, European shares dip on rising Fed rate hike bets
    U.S. assets gain, European shares dip on rising Fed rate hike bets Reuters - 27 minutes ago

    U.S. stocks rose on Monday, helped by gains in financial shares after comments from top Federal Reserve officials on Friday bolstered expectations for an interest rate hike from the U.S. central bank this year, while European shares dipped and the … More »

  • 'IS suicide bomber' kills 71 army recruits in Yemen
    'IS suicide bomber' kills 71 army recruits in Yemen AFP News - 36 minutes ago

    An Islamic State group militant rammed his explosives-laden car into an army recruiting centre in Aden Monday, killing 71 people in the deadliest jihadist attack on the Yemeni city in over a year. … More »

  • Liz Weston: 5 money myths you probably believe
    Liz Weston: 5 money myths you probably believe Associated Press - 1 hour 9 minutes ago

    Managing money can be complicated, and myths are often born from people's struggles to make it simpler. But simplistic solutions can cost you instead of saving you money. If you believe any of these five ... … More »

  • BOJ Needs Massive Move to Shock & Awe, $2 Trillion Investor Says Bloomberg - 1 hour 19 minutes ago

    “It is how much they do, and whether they can create that kind of shock and awe at this point in the cycle,” said Mark Haefele, global chief investment officer at UBS Wealth Management, in a Bloomberg Television interview, on Monday. “They could … More »

  • Grain lower, livestock mixed Associated Press - 1 hour 33 minutes ago

    Grain futures were lower Monday in early trading on the Chicago Board of Trade. Wheat for Sept. delivery was 10.50 cents lower at $3.7260 a bushel; Sept. corn was 2.25 cents lower at $3.14 bushel; Sept. ... … More »

  • Singapore's GIC buys stake in Vietnam's bank AFP News - 1 hour 35 minutes ago

    Singapore sovereign wealth fund GIC will buy a 7.7 percent stake in Vietnam's biggest bank, both companies said in a joint statement on Monday. GIC signed a memorandum of agreement to buy 305.8 million new shares of Vietcombank, the fund's first … More »

  • Wall St rises as hawkish Fed boosts financial stocks
    Wall St rises as hawkish Fed boosts financial stocks Reuters - 1 hour 42 minutes ago

    Yellen, addressing a gathering of global central bankers on Friday, said the central bank was close to meeting its goals of maximum employment and stable prices, while describing consumer spending as "solid". Yellen gave little indication of when … More »

  • Foreign experts in Egypt to probe Russian airliner crash AFP - 1 hour 57 minutes ago

    Russian and German experts arrived in Cairo Monday to inspect the wreckage of a Metrojet plane downed over Sinai, hoping to pinpoint how it came apart, the aviation ministry said. The Islamic State group ... … More »

  • Jualo receives additional ‘multi-million US Dollar’ in their Series A round
    Jualo receives additional ‘multi-million US Dollar’ in their Series A round e27 - 2 hours 2 minutes ago

    In June, the e-classifieds platform announced a Series A round led by NSI Ventures Last June, e-classifieds platform Jualo announced that it has received a “multi-million US Dollar” Series A funding led by NSI Ventures. Today, the Jakarta-based … More »

  • US stocks higher amid focus on possible Fed rate rise AFP - 2 hours 3 minutes ago

    Wall Street stocks were slightly higher Monday as traders focused on the US July jobs report coming later this week which could, if strong, support an early rate rise by the Federal Reserve. Fed Chair ... … More »

  • Grenade attack on home of Kosovo TV chief over border deal
    Grenade attack on home of Kosovo TV chief over border deal AFP News - 2 hours 13 minutes ago

    A shadowy activist group in Kosovo claimed responsibility Monday for an attack on the home of Kosovo's public broadcast chief, in protest over a controversial border deal. "An explosive device was thrown into the backyard" of Mentor Shala, general … More »

  • Brussels crime lab attacked to 'destroy evidence'
    Brussels crime lab attacked to 'destroy evidence' AFP News - 2 hours 33 minutes ago

    Attackers rammed a car through the gates of Belgium's national crime laboratory on Monday in Brussels and then started a fire in what officials said may have been an attempt to destroy evidence. The incident comes as Belgium remains on high alert … More »

  • Aeroflot flies back into black AFP - 2 hours 37 minutes ago

    Russia's flagship carrier Aeroflot said Monday it had piloted a return to profit after reining in its costs and enjoyed an ascent in passenger numbers among its company airlines. The majority state-controlled ... … More »

  • Exclusive - German trade group slashes exports forecast as Brexit hit looms
    Exclusive - German trade group slashes exports forecast as Brexit hit looms Reuters - 3 hours ago

    Germany's BGA trade association slashed its 2016 forecast for export growth, its head said on Monday, predicting sales abroad by Europe's biggest economy would later stagnate as the delayed impact of Brexit hit home. Global demand for German goods … More »

  • Cyber threat grows for bitcoin exchanges
    Cyber threat grows for bitcoin exchanges Reuters - 3 hours ago

    When hackers penetrated a secure authentication system at a bitcoin exchange called Bitfinex earlier this month, they stole about $70 million worth of the virtual currency. The latest survey of 46 securities exchanges released three years ago by … More »

  • Greek economy grows in second quarter but strong rebound elusive
    Greek economy grows in second quarter but strong rebound elusive 4 hours ago

    Greece's economy grew modestly in the second quarter but weak demand and scant investment mean a strong rebound after years of recession remains elusive a year after the country nearly crashed out of the euro. Rating agencies Moody's and S&P are … More »

  • Global from Day One co-invests in New Zealand firm’s US$5M Series A round
    Global from Day One co-invests in New Zealand firm’s US$5M Series A round 4 hours ago

    Global from Day One is a cross-border technology fund with the majority of capital to be invested in New Zealand and Taiwanese startups Spotlight Reporting, a Wellington-based cloud software company, has secured US$5 million in Series A funding from … More »

  • New suspected MH370 debris found in Mozambique
    New suspected MH370 debris found in Mozambique AFP News - 5 hours ago

    A South African hotelier said Monday he had picked up a piece of aircraft wreckage off the Mozambican coast in the latest possible find of debris from the missing MH370 flight. Mozambique's aviation authorities in Maputo said they had been informed … More »

  • Unbiased New Launch Review – Lake Grande
    Unbiased New Launch Review – Lake Grande Propwise.sg - 5 hours ago

    By KK Tong (guest contributor) 23 July 2016 was the official launch date of Lake Grande, a 99-year leasehold development (lease starting from 9 June 2015) in Jurong West. On the launch weekend, 436 units out of a total of 710 units were sold. The … More »

  • Australia's richest woman considers bid for country's largest ranch - source Reuters - 6 hours ago

    Australia's richest woman Gina Rinehart is partnering with Chinese developer Shanghai CRED to bid for S. Kidman & Co, the country's largest private land holding, a source close to the sales process said on Monday. Rinehart's participation in a bid … More »

  • iPhone spyware spotlights Israel's secretive surveillance industry
    iPhone spyware spotlights Israel's secretive surveillance industry AFP News - 6 hours ago

    The discovery of sophisticated spyware to infiltrate and remotely take control of iPhones without leaving a trace has put a spotlight on Israel's secretive surveillance industry, considered among the world's most advanced. Apple rushed out a … More »

  • China Stock Traders Feel Heat With 774 Probes in Two Months (3) Bloomberg - 6 hours ago

    Liu Shiyu, who was appointed chairman of the China Securities Regulatory Commission in February, has emphasized the need for a tough stance on market excesses. The moves come amid signs China’s policy makers are also looking to cool gains in the … More »

  • SE Asia Stocks-Fall as Fed rate hike signals get louder Reuters - 6 hours ago

    By Aparajita Saxena Aug 29 (Reuters) - Most Southeast Asian stock markets closed lower on Monday after comments from U.S. Federal Reserve Chair Janet Yellen hinting at an interest rate hike weighed on ... … More »

 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.124-0.005-3.88%
    N21.SI
    0.735-0.020-2.65%
    G13.SI
    0.128+0.014+12.28%
    RE4.SI
    0.3550.0000.00%
    E5H.SI
    4.12-0.10-2.37%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.355+0.115+47.92%
    BAZ.SI
    0.151+0.024+18.90%
    D79.SI
    0.23+0.03+15.00%
    AWI.SI
    0.475+0.060+14.46%
    588.SI
    0.128+0.014+12.28%
    RE4.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.205-0.105-33.87%
    BCZ.SI
    0.25-0.10-28.57%
    BKX.SI
    0.13-0.05-27.78%
    AYL.SI
    0.165-0.055-25.00%
    BKZ.SI
    0.745-0.130-14.86%
    564.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3600+0.0017+0.13%
    USDSGD=X
    1.5195-0.0001-0.01%
    EURSGD=X
    1.7788-0.0021-0.12%
    GBPSGD=X
    75.0930+0.411+0.55%
    SGDJPY=X
    5.7010-0.0037-0.06%
    SGDHKD=X
    2.9755+0.0092+0.31%
    SGDMYR=X
    9,753.2324+5.0439+0.05%
    SGDIDR=X
    4.9096+0.0034+0.07%
    SGDCNY=X
    1.0294+0.0031+0.30%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,327.30+1.40+0.11%
    GCZ16.CMX
    18.74+0.09+0.48%
    SIU16.CMX
    96.96+1.16+1.21%
    ^XAU
    2.080.00-0.05%
    HGU16.CMX
    46.81-0.83-1.74%
    CLV16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.19-0.05
    ^FVX
    1.59-0.05
    ^TNX
    2.24-0.06
    ^TYX