Daily Archives: February 25, 2019

25Feb

Singapore Stocks Watch: STI resumes Monday evening at 3,263.25, down 0.2% on day

Singapore Stocks Watch:

SINGAPORE stocks fell on Monday evening’s exchanging resumption, with the Straits Times Index declining 0.2 percent or 6.65 indicates on the day 3,263.25 as at 1.03pm.

Washouts dwarfed gainers 213 to 124, or around 12 securities down for each seven up, after 814.76 million securities worth S$615.87 million changed hands.

The most effectively exchanged stock was Best World International, which lost 54 Singapore pennies or 19.9 percent to S$2.17 with about 21.77 million offers exchanged.

Dynamic list stocks included Genting Singapore and ThaiBev.

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Singapore’s center expansion facilitates to 1.7% in January

Singapore’s center expansion facilitated to 1.7 percent year-on-year in January from 1.9 percent the earlier month, as indicated by the most recent figures discharged on Monday (Feb 25).

This principally mirrored a slower pace of increment in the expense of power and gas, which exceeded higher administrations expansion, said the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) in an official statement.

The center expansion measure bars changes in the cost of vehicles and settlement.

Feature expansion came in at 0.4 percent, contrasted with 0.5 percent in December, as a littler ascent in the expense of power and gas was balanced by the more grounded pickup in the expense of administrations.

The general expense of retail things ascended by 1.4 percent in January, facilitating from the 1.7 percent expansion in December.

This for the most part mirrored a more extreme decrease in the costs of media transmission gear and amusement and stimulation products, just as a slower pace of increment in the costs of family unit durables and supplies.

In January, nourishment swelling came in at 1.4 percent, unaltered from December, as cost increments for both non-prepared sustenance things and arranged suppers remained comprehensively the equivalent.

The expense of power and gas ascended at a slower pace of 6.5 percent year-on-year, contrasted with the 14.6 percent expansion in December.

This was to a great extent because of a descending modification in power taxes given lower oil costs in the former months, just as the impact of the staged across the country dispatch of the Open Electricity Market (OEM) on power costs.

Administrations swelling grabbed to 1.7 percent from the past 1.5 percent mostly by virtue of an expansion in open transport charges, which exceeded a littler ascent in occasion costs.

Convenience costs fell by 1.9 percent, indistinguishable pace of decrease from the earlier month, as a progressively steady fall in lodging rentals balance a littler ascent in the expense of lodging upkeep and fixes.

Private street transport costs slipped 3.4 percent, a control from the 3.7 percent fall in December, as the pace of decrease in vehicle costs facilitated and more than balance lower petroleum costs.

Looking forward, MAS and MTI said that worldwide oil costs are relied upon to be bring down this year contrasted with 2018 because of oversupply concerns.

“On the household front, steady work economic situations ought to support wage development and proceeding with value weights,” they said.

“In any case, the degree of generally speaking cost increments will be topped by more noteworthy market rivalry in a few shopper sections, for example, broadcast communications, power and retail,” they included.

MAS expects center expansion to stay unaltered in the months ahead at the gauge scope of 1.5 percent to 2.5 percent.

Given the sharp decrease in worldwide oil costs lately, feature expansion has been modified down to 0.5 percent to 1.5 percent.

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25Feb

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • This week gold prices are likely to remain sensitive due to the ongoing trade talks between the U.S. and China, while U.S. economic data will also be closely watched for its impact on the greenback, one of the biggest drivers for the precious metal. On Friday U.S. President Donald Trump said he was open to extending the March 1 deadline for hiking tariffs on $200 billion worth of Chinese goods to 25% as long as progress was being made in negotiations between the two sides.
  • Chinese officials are jamming up imports of Australian coal, with at least one major port suspending customs clearance, but Beijing has denied a report of an official ban. The foreign ministry on Friday said the report of a block on Australian coal at one northern port was false, echoing information from miners, Canberra lawmakers and people familiar with official orders in China.
  • Oil prices rose on Monday as Washington and China appeared to edge closer to a trade deal, dampening fears over the outlook for global economic growth. International Brent crude oil futures were at $67.26 a barrel at 0005 GMT, up 14 cents, or 0.2 percent, from their last close. They ended Friday little changed after touching their highest since Nov. 16 at $67.73 a barrel. U.S. West Texas Intermediate (WTI) crude futures were at $57.38 per barrel, up 11 cents, or 0.2 percent, from their last settlement.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • The Bank of Japan can abandon its 2 percent inflation target or suspend efforts to achieve it once the job market is tight enough because the public is better off having prices fall, not rise, an economic adviser to Prime Minister Shinzo Abe said. While inflation is stuck near 1 percent, the BOJ’s ultra-loose monetary policy is going well as it created jobs and boosted wages for temporary workers, said Koichi Hamada, who is considered as among the key architects of the premier’s “Abenomics” stimulus policies.
  • President Donald Trump said on Sunday he would delay an increase in U.S. tariffs on Chinese goods thanks to “productive” trade talks and that he and Chinese President Xi Jinping would meet to seal a deal if progress continued. Trump had planned to raise tariffs to 25 percent from 10 percent on $200 billion worth of Chinese imports into the United States if a deal between the world’s two largest economies were not reached by Friday.
  • Democratic state governors say their party needs to challenge President Donald Trump’s record on the economy as he seeks re-election next year, by focusing on middle-class Americans who have not seen the benefits of economic growth. Trump believes he has a winning hand with the economy and frequently touts a low unemployment rate, strong growth and stock market gains since his 2016 election victory.

COMEX GOLD SIGNAL

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