Daily Archives: September 10, 2018

10Sep

Singapore Stocks Watch: STI resumes Monday at 3,118.42, down 0.5% on day

SINGAPORE stocks fell on Monday evening’s exchanging resumption, with the Straits Times Index declining 15.97 focuses or 0.5 for each penny on the day to 3,118.42 as at 1.02pm.

Washouts dwarfed gainers 199 to 93, or around two securities down for each one up, as around 934.1 million securities worth S$394.7 million altogether changed hands.

The most effectively exchanged counter was Rex International, which increased seven Singapore pennies or 8.3 for each penny to S$0.09 with almost 75 million offers evolving hands.

Different actives included New Wave Holdings with 60 million offers exchanged at one Singapore penny each, and BlackGold Natural Resources with 25.3 units exchanged at 2.6 Singapore pennies each.

Dynamic list stocks by esteem included Golden Agri-Resources, which lost a large portion of a Singapore penny or 2 for each penny to S$0.25, and Singtel, which fell 3 Singapore pennies or 1 for every penny to S$3.10.

Singapore Stocks to watch: Keppel Corp, Keppel T&T, SPH, Vibrant Group, United Engineers

THE accompanying organizations saw new improvements which may influence exchanging of their offers on Monday:

Keppel Corp, Keppel T&T: Mainboard-recorded Keppel Corporation said early Monday that it has gone into consented to contingent arrangements to mutually create and work a high-accessibility server farm in Bogor close Jakarta with Indonesian combination The Salim Group. The assention was marked by Keppel and The Salim Group through the Alpha Data Center Fund (Alpha DC Fund), overseen by Alpha Investment Partners Limited (Alpha), and Keppel Data Centers Holding Pte Ltd.

Singapore Press Holdings: It has procured an arrangement of 14 reason assembled understudy convenience structures crosswise over six towns and urban communities in the United Kingdom for a money thought of about £180.5 million (S$321 million), it reported on Monday morning before the market opened. The structures, procured in a deal and buy concurrence with Unite Group plc, have an aggregate limit of 3,436 beds. They incorporate 10 freehold resources and four leasehold resources, and are situated in set up college towns and urban areas with extensive full-time understudy populaces, specifically London, Birmingham, Bristol, Huddersfield, Plymouth and Sheffield.

Lively Group: Eight backups of coordinations firm Vibrant Group are confronting a claim concerning a claim that they neglected to conform to certain installment and certification commitments, among others, under the fund reports identifying with a 500 million yuan (S$100.7 million) advance office for which they had given security. The suit was recorded by China Minsheng Banking Corporation Limited (Chongqing branch) in the Chongqing People’s High Court against 12 parties, including eight of Vibrant Group’s auxiliaries held through its completely claimed auxiliary Blackgold International Holdings Pty Ltd.

10Sep

COMEX MARKET IN SINGAPORE| GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • Gold prices headed lower on Friday as the U.S. jobs report showed that wage inflation accelerated to its fastest pace since April 2009, increasing the odds that the Federal Reserve will follow through on two more interest rate hikes this year. At 10:48 AM ET (14:48 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange slipped $1.10, or 0.09%, to $1,203.20 a troy ounce, compared to $1,206.70 ahead of the release.
  • Oil prices fell on Friday, as U.S. crude inventories fell to their lowest levels since 2015 and investors looked ahead to weekly rig numbers. West Texas crude oil futures slumped 0.60% to $67.36 a barrel as of 11:24 AM ET (15:24 GMT). Meanwhile, Brent crude futures, the benchmark for oil prices outside the U.S., decreased 0.41% to $76.19. The U.S. Energy Information Administration said in its weekly report that crude oil inventories fell by 4.302 million barrels in the week ended Aug. 31.
  • China’s crude oil imports rose 6 percent in August from a month earlier to their highest since May, boosted by a rebound in demand from smaller, independent refiners, according to Reuters calculations based on official data on Saturday. Arrivals last month were 38.17 million tonnes, or 8.99 million barrels per day (bpd), according to Reuters calculations based on official data.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • China’s trade surplus with the United States widened to a record in August even as the country’s export growth slowed slightly, an outcome that could push President Donald Trump to turn up the heat on Beijing in their cantankerous trade dispute. The politically sensitive surplus hit $31.05 billion in August, up from $28.09 billion in July and surpassing the previous record set in June.
  • Continued job growth and the fastest wage increases in nearly a decade leave the Federal Reserve’s current plans for interest rate increases intact, with no sign the economy is yet overheating, Cleveland Fed President Loretta Mester said on Friday. Mester, a current voter on rate policy who has been among the most concerned about inflation and financial stability risks, said that the U.S. employment report for August released earlier on Friday was “strong” and a sign that pay increases have spread across industries and to weaker parts of the country.
  • The Federal Reserve should keep raising U.S. interest rates until mid-2019, and only then needs to take a decision on when it ought to stop, Dallas Fed President Robert Kaplan suggested on Friday. Kaplan has previously said he thinks the Fed should raise rates three or four more times over the next nine to 12 months to lift interest rates to the 2.5 percent to 2.75 percent range he views as neutral, a view he reiterated on Friday at a conference at his bank’s headquarters.

GOLD TRADING FORECAST TODAY

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