Daily Archives: August 13, 2018

13Aug

SINGAPORE STOCK WATCH: Singapore shares end bring down on Monday

SINGAPORE STOCK WATCH:
Offer costs in the Singapore bourse shut lower on Monday, with the key Straits Times Index down 39.44 focuses, or 1.2 for every penny, to 3,245.34.

Around 2.31 billion offers worth S$1.2 billion altogether changed hands, which worked out to a normal unit cost of S$0.52 per share. Washouts dwarfed gainers 276 to 164.

The most effectively exchanged stock was ThaiBev, which lost two Singapore pennies, or 2.8 for each penny, to end at S$0.70 after 64 million offers changed hands. Different actives included Yangzijiang Shipbuilding Holdings and SingTel.

Dynamic Group required an exchanging end before showcase open, pending the arrival of a declaration. No declaration had been made as at showcase close.

 

Saudi puts its cash on tech as it plans for life after oil

The world’s greatest unrefined exporter is future-sealing itself against oil’s decrease by putting resources into cutting edge innovations.

Saudi Arabia has collected a stake in electric auto producer Tesla Inc. for about US$$2 billion through its Public Investment Fund and plans to be a piece of any financial specialist pool that rises to take the organization private. That is over a US$3.5 billion interest in ride-sharing organization Uber Technologies Inc., a US$45 billion pledge to SoftBank Group Corp’s. US$100 billion innovation subsidize and an arranged venture of about US$1 billion in Virgin Group’s space organizations.

Neom, an arranged US$500 billion modern cities that it’s trusted will have a larger number of robots than individuals on a destroy landmass in the kingdom’s northwest is additionally part of the arrangement. The city will have a connection “with computerized reasoning, with the web of things — everything,” Crown Prince Mohammed canister Salman said in October, when Neom was reported. The task incorporates a scaffold spreading over the Red Sea, interfacing the proposed city to Egypt and whatever is left of Africa.

While the International Energy Agency sees oil request rising in excess of 10 percent to 103.5 million barrels every day by 2040, propels in vehicle effectiveness, the ascent of electric autos, more tightly emanations benchmarks and movements to other fuel sources would bring about rough request much lower than the business is betting on. Around 60 percent of oil is utilized as a part of transportation, which is additionally where the greatest mechanical changes are rising.

13Aug

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • Gold prices traded higher on Friday as investors flocked to safe-haven assets while U.S. President Donald Trump announced the implementation of higher tariffs on Turkey. At 11:32 AM ET (15:32 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange rose $1.55, or 0.13%, to $1,213.93 a troy ounce. “I have just authorized a doubling of tariffs on steel and aluminum with respect to Turkey as their currency, the Turkish lira, slides rapidly downward against our very strong dollar!”
  • Metals prices were mostly lower Friday as a plunging euro pushed the dollar above a year high, rattling investor sentiment on dollar-dominated commodities. But gold steadied on safe-haven demand. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell by $0.90, or 0.07%, to $1,219.00 a troy ounce, but remained above an intraday low of $1,213.20.
  • WTI crude oil prices slumped to a weekly loss, despite settling higher Friday on renewed bets on steeper losses of Iranian crude from market. Expectations for a rebound in oil demand growth also lifted sentiment. On the New York Mercantile Exchange crude futures for September delivery rose 82 cents settle at $67.63 a barrel, while on London’s Intercontinental Exchange, Brent rose 0.97% to trade at $72.77 barrel.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • China’s state media continued a barrage of criticism of the United States on Saturday as their tit-for-tat trade war escalated, while seeking to reassure readers the Chinese economy remains in strong shape. Commentaries in the People’s Daily, China’s top newspaper, likened the United States to a bull in a China shop running roughshod over the rules of global trade and said that China was “still one of the best-performing, most promising and most tenacious economies in the world.”
  • Talks between the United States and Mexico over the future of the North American Free Trade Agreement were set to drag into next week, as auto industry officials said on Friday that new sticking points had emerged over President Donald Trump’s threat to impose steep automotive tariffs. Auto industry officials familiar with the talks said the Trump administration wants the ability to impose national security tariffs on future Mexican production from new auto assembly and parts plants.
  •  Japan’s Economy Minister Toshimitsu Motegi said on Friday he had had productive trade talks with U.S. Trade Representative Robert Lighthizer and that they planned to meet again in September. He said both acknowledged the importance of expanding trade between the two nations. “We agreed to seek ways to promote Japan-U.S. trade by working out gaps between the two nations and expand areas to cooperate based on shared understanding,” Motegi told re

COMEX GOLD SIGNAL

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