Daily Archives: September 17, 2018

17Sep

Singapore Stock Watch : STI resumes Monday evening at 3,139.26, down 0.7% on day

Singapore Stock Watch :

SINGAPORE stocks kept on withdrawing as exchanging continued on Monday evening, with the Straits Times Index falling 0.70 for every penny or 22.16 focuses to 3,139.26 as at 1.02pm in the midst of continuous worries about an exchange war.

Failures dwarfed gainers 196 to 118, or around five securities down for each three up, after 1.1 billion securities worth S$352.4 million changed hands.

Among the most intensely exchanged by volume, Rex International Holding increased 6.1 for every penny or S$0.006 to S$0.105 with 61.5 million offers exchanged. Thai Beverage Public Co climbed 1.6 for every penny or S$0.01 to S$0.645 with 10.2 million offers exchanged.

Dynamic list stocks included DBS Group Holdings, down 0.2 for every penny or S$0.05 to S$24.80; and OCBC Bank, down 1.2 for each penny or S$0.13 to S$11.04.

Singapore dispatches bound together installment QR code, said to be world’s first

Singapore uncovered the first-of-its-kind brought together installment QR code on Monday, in a declaration by the Monetary Authority of Singapore (MAS) and the Infocomm Media Development Authority (IMDA).

Known as the Singapore Quick Response Code (SGQR), it consolidates numerous installment QR codes into a solitary mark and expects to make QR code-based versatile installments less complex for the two customers and dealers. SGQR will be received by 27 installment plans including PayNow, Nets, GrabPay, Liquid Pay and Singtel Dash, and will be conveyed continuously throughout the following a half year.

This was formally propelled by Ong Ye Kung, Minister for Education and MAS board part.

To pay by SGQR, purchasers need to pick their favored installment plot from the acknowledged alternatives, and login to the important installment application. Following which they have to check the SGQR code and after that compensation the sum required.

With the solidification of QR codes, dealers need to show only a solitary SGQR mark demonstrating the e-installments they acknowledge. “This implies less mess on the customer facing facade and speedier installments preparing,” said the MAS and the IMDA.

The expansion of new QR installments alternatives, both local and universal, are likewise streamlined into the single SGQR name. SGQR does not require a terminal, subsequently a less expensive approach to acknowledge different e-installment choices.

Vendors that offer QR code installments will have their current QR codes supplanted with a solitary SGQR name throughout the following a half year. The primary period of SGQR name substitution, beginning with shippers in the focal business area, will begin in late September 2018.

Amid the substitution period of existing QRs, there will be a transitional period where a few dealers may even now show different QR codes, while others show a solitary SGQR name. Purchasers can keep on making QR code installments utilizing the current QRs by means of their typical installment application, said the two organizations.

SGQR was produced by an industry team co-driven by the MAS and the IMDA.

17Sep

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 were lower on Friday after the greenback rallied from an earlier loss. Comex gold futures for December delivery decreased 0.51% to $1,202.00 a troy ounce as of 11:21 AM ET (15:21 GMT). Disappointing data on Thursday and Friday increased concern that the Federal Reserve could ease its stance on monetary policy. U.S. retail sales barely registered any gains in August, while consumer prices rose less than expected.
  • Fewer ships from China and the United States could use the Panama Canal if trade tensions escalate between the two economic giants, but the dip could be offset by grain exports from north Brazil, the head of the organization that operates the waterway said. The canal, which cuts through Panama creating an essential shipping route between the Atlantic and Pacific oceans, is a major source of revenue for the central American country.
  • California Governor Jerry Brown on Friday pledged to launch a satellite that will track and detect the sources of climate pollutants, his state’s latest effort to challenge the Trump administration’s skepticism about the science of climate change. Brown, who was nicknamed “Governor Moonbeam” during his first stint as governor in the 1970’s in part because of a proposal he made at the time to launch an emergency communications satellite for the state, said California was teaming up with earth imaging company Planet Labs to develop the technology.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • Greece plans to further loosen capital controls soon and is on track to lift all restrictions imposed three years ago, its finance minister said on Saturday. “We will have new easing (of capital controls) very soon,” Euclid Tsakalotos was quoted as saying in an interview with Naftemporiki newspaper, without specifying when.
  • Trade and investment ministers from G20 countries meeting in Argentina said there was an “urgent need” to improve the World Trade Organization, a joint statement issued from the summit said on Friday. With U.S. President Donald Trump readying tariffs on another $200 billion in Chinese goods, the ministers said they were “stepping up the dialogue” on international trade disputes, according to the statement. It did not provide any details of possible WTO reforms or how dialogue on trade was being increased.
  • U.S. President Donald Trump has directed aides to proceed with tariffs on about another $200 billion of Chinese goods, despite Treasury Secretary Steven Mnuchin’s attempts to restart trade talks with China, a source familiar with the matter said on Friday. The timing for activating the additional tariffs was unclear. The green light for the tariffs, first reported by Bloomberg, initially dragged U.S. stocks lower, fueled drops in the Chinese yuan in offshore trading and gains in the dollar index.

GOLD TRADING FORECAST TODAY

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