Singapore and Malaysia to set up securities exchange exchanging link by end-2018

SINGAPORE – The Singapore and Malaysia securities exchanges are set to be associated by an exchanging join before the current years over which will enable financial specialists to exchange and settle partakes in the two markets in a more advantageous and cost-proficient way.

The Monetary Authority of Singapore (MAS) and the Securities Commission Malaysia (SC Malaysia) will cooperate with the two trades to set up such a connection, both said in a joint discharge on Tuesday (Feb 6).


The reciprocal connection between the Singapore Exchange (SGX) and Bursa Malaysia (BM) will reach out past exchanging to cover post-exchange game plans, for example, the clearing and settlement of exchanged stocks, they included.

The MAS and the SC Malaysia will set up cross-outskirt supervisory and requirement game plans in front of the exchanging join.


Malaysia Prime Minister Najib Razak said at the World Capital Markets Symposium on Tuesday that the connection will give speculators on the two sides of the Causeway with less demanding and consistent access to each other’s business sectors, with a joined market capitalization of over US$1.2 trillion and 1,600 recorded organizations.

“This energizing activity will without a doubt augment venture alternatives for financial specialists and contribute towards more prominent action and liveliness in the two markets,” he said at the occasion facilitated by SC Malaysia.

MAS associate overseeing executive Lee Boon Ngiap said it will help bring down exchanging costs for financial specialists and energize more noteworthy cross-fringe interests in the stocks recorded on each other’s trades.

“This will enhance the liquidity of both our securities exchanges,” he said in an announcement. “I trust this activity will in time grow to incorporate whatever remains of the stock trades in Asean.”

Malaysian bank CIMB is energized by the capital market activities, including the share trading system exchanging join, reported on Tuesday.

“The Malaysia-Singapore Connect share exchanging activity won’t just draw in more new players to take an interest in the riches making of a sum of 1,600 recorded organizations crosswise over the two markets, yet in addition empower money related item creation and expansion,” said its gathering CEO Zafrul Aziz.

The activity takes after the continuous endeavors of the Asean Capital Markets Forum (ACMF) to extend budgetary availability over the locale’s capital markets.

Said SC Malaysia executive Seri Ranjit Ajit Singh, who is additional director of ACMF: “The foundation of this exchanging join is a critical advance towards urging Asean financial specialists to put resources into Asean. The simplicity of openness for financial specialists will contribute towards more prominent dynamic quality in our business sectors.

“Once operationalized, this pilot activity can shape the reason for the future network among Asean markets.”

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Singapore share begin trading on high grounds on Wednesday

SINGAPORE shares continued exchanging on Wednesday in a positive area with the Straits Times Index at 3,409.05, up 2.67 focuses or 0.08 for every penny on the day as at 1.01pm.

Against the benchmark’s level of 3,418.86 heading into the noontime break, be that as it may, the record was down imperceptibly by 9.81 focuses or 0.29 for each penny. Gainers beat out washouts 300 to 126, or around seven up for each three down, with 1.4 billion offers worth S$1.1 billion exchanged.

Among the most dynamic stocks, QT Vascular increased 5.9 for each penny, or 0.1 Singapore penny, to 1.8 Singapore pennies with 65.4 million offers exchanged, while Midas Holdings rose 2 for every penny, or 0.4 Singapore penny, to 19.6 Singapore pennies with 54.8 million offers exchanged.

Dynamic list stocks included DBS Group Holdings, down 0.7 for every penny or 18 Singapore pennies at S$25.54; and Singapore Telecommunications, up 1.2 for every penny or four Singapore pennies at S$3.46.

Frasers Hospitality extends Japan portfolio


Frasers Hospitality, an individual from Frasers Property Group, has commenced 2018 with a S$250 million ($189.7 million) speculation to build up another overhauled living residence in Tokyo’s renowned retail and diversion Ginza region, as per an official statement.

The property will be propelled under the Group’s millennial-centered lodging living arrangement mark, Capri by Fraser, and is relied upon to open around 2020. The Ginza property will supplement Fraser Suites Akasaka, which is planned to open in 2020. In an announcement, Choe Peng Sum, Chief Executive Officer, Frasers Hospitality, stated, “Tokyo is one of the world’s driving urban areas and we expect an ascent in guests in the coming a long time as it has renowned worldwide occasions, for example, the 2020 Summer Olympics.” “Frasers Hospitality is no more peculiar to the Japanese market. We opened Fraser Residence Nankai, Osaka in 2010. The nation keeps on being a need advertise for us and we are hoping to broaden our impression in Tokyo as well as other key urban areas in Japan.”

Sponsored by solid financial development, Japan invited 26.2 million traveler landings from January to November 2017, outperforming the aggregate number of guests in 2016. Japan’s prospects to draw in more worldwide explorers are promising, with the administration planning to pull in 40 million travelers by 2020. “Inns in Tokyo are doing to a great degree well, with inhabitance rates surpassing 85% for each penny amid the primary portion of 2017. Indeed, even as we get ready for the dispatch of Fraser Suites Akasaka in mid 2020, we are especially eager to have secured such a restrictive area in Ginza and we anticipate appearing our Capri by Fraser mark in Japan,” includes Choe. Frasers Hospitality’s worldwide portfolio, incorporating those in the pipeline, remains at more than 145 properties in more than 80 urban communities with near 23,000 keys.

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Singapore shares open down again on Tuesday; STI falls 2.2%

SINGAPORE share market opened lower on Tuesday as the bloodbath crosswise over worldwide value markets proceeded, with the Straits Times Index falling 76.84 focuses or 2.21 for every penny to 3,406.09 as at 9.02am.

Around 216.1 million offers worth S$152 million altogether changed hands, with washouts beating gainers 307 to 15.

A portion of the biggest failures by esteem incorporate DBS, CapitaLand, OCBC Bank, Singtel and Genting Singapore.

Stocks in Japan and Australia likewise fell on opening on Tuesday, following the drop in European and US advertises overnight, as worries over raised Treasury yields and the probability of extra Federal Reserve loan fee climbs this year kept on powering alarm offering.

Singapore stock picked up $1.5 billion out of 3 weeks :

Sembcorp Marine Ltd. has picked up nearly S$2 billion ($1.5 billion) in only three weeks – influencing its parent Singapore’s best-performing to stock in the previous month – as financial specialists and examiners turned out to be more hopeful on the possibility of a potential surge in new requests in the midst of rising oil costs.


The organization, which is greater part possessed by Sembcorp Industries Ltd., has gotten no less than three rating updates from explore firms this year. UBS AG and Nomura Singapore Ltd. overhauled the stock’s proposal to purchase this year, and OCBC Investment Research raised its rating to a hold from offer. Target costs from every one of the three firms are sitting admirably over the year normal of S$2.12 from 20 examiners, as indicated by information gathered by Bloomberg.

Credit suit bunch AG’s Gerald Wong said for An jan. 15 report card that those organization’s administration might have been idealistic regarding new requests What’s more debt decrease Previously, late guru meetings, same time Nomura known as those organization’s methodology a “turnaround story” for its jan. 19 overhaul. This might have been taken after Eventually Tom’s perusing a bullish note Toward DBS around jan. 22 and a overhaul by UBS ahead jan. 23 to comparable reasons.

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SGX open bearish on Monday; STI down by 51.03 points

SINGAPORE stocks opened 1.4 for every penny bring down on Monday, in accordance with tumbling Asian stocks, with the Straits Times Index shedding 51.03 focuses on 3,478.79 as at 9.03am.

Around 252.6 million offers worth S$198.7 million altogether changed hands, which worked out to a normal unit cost of S$0.79 per share.

The most effectively exchanged counter was APAC Strategic, which was level at 0.3 Singapore penny with 28.2 million offers evolving hands. Different actives included Midas and Marco Polo Marine.

sgx down

The FTSE ST Mid Cap Index declined 0.65%, while the FTSE ST Small Cap Index declined 0.66 %.Washouts far dwarfed gainers 277 to 12, or around 23 down for each one up.

Asian markets fell on Monday as fears of resurgent expansion battered securities, toppled Wall Street from record highs and started theory national banks internationally may be compelled to fix all the more forcefully, Reuters announced.

Dallas Fed president Robert Kaplan said on Friday that the Federal Reserve may need to lift financing costs more than three times this year.

Japan’s Nikkei slid 2.2 for each penny, while Australia’s primary file facilitated 1.3 for each penny. MSCI’s broadest list of Asia-Pacific offers outside Japan shed 0.8 for every penny for its third straight session of misfortunes.

Speculators were spooked by Friday’s US payrolls report which indicated compensation developing at their speediest pace in more than 8-1/2 years, which fuelled swelling desires.



Today’s Comex news

Today’s Comex news and gold candlestick chart

  • Gold prices remained lower on Tuesday, as the recent approval of a major U.S. tax reform bill continued to lend broad support to the greenback. Comex gold futures was down $2.70 or about 0.21% at $1,275.10 a troy ounce by 08:40 a.m. ET (12:40 GMT). The greenback strengthened after the U.S. Senate passed a tax overhaul package over the weekend amid expectations that tax cuts for corporations will stimulate the U.S. economy.
  • Crude oil prices were mixed on Tuesday, as the decision last week by global oil producers to continuu limiting production lent support to the commodity, while sustained worries over U.S. production levels weighed. The U.S. West Texas Intermediate crude January contract was little changed at $57.44 a barrel by 09:50 a.m. ET (13:50 GMT). Elsewhere, Brent oil for February delivery on the ICE Futures Exchange in London was up 12 cents or about 0.19% at $62.56 a barrel.
  • Natural gas futures extended their decline into a second session on Tuesday, as updated weather forecasts showed a return to mild weather after a cold spell in the eastern U.S. U.S. natural gas futures sank 5.5 cents, or around 1.8%, to $2.930 per million British thermal units by 8:15AM ET (1315GMT), after plunging 7.6 cents, or 2.5%, a day earlier. Monday’s plunge came as weather models predicted mild weather across most parts of the continental United States starting from Dec. 15.



Economy News

  • Just hours after a Brexit deal crumbled, British Prime Minister Theresa May came under pressure on Tuesday from opposition parties and even some allies to soften the EU divorce by keeping Britain in the single market and customs union after Brexit. May’s ministers said they were confident they would soon secure an exit deal, though opponents scolded May for a chaotic day in Brussels which saw a choreographed attempt to showcase the progress of Brexit talks collapse at the last minute.
  •  A Mexican presidential hopeful and governor of a wealthy border state said he would cut taxes to compete with lower rates in the United States if President Donald Trump’s fiscal reform passes Congress, hinting at a broader potential response in Mexico. Jaime Rodriguez, the governor of Nuevo Leon who is seeking to become the first independent to take the presidency, said he would lower “many taxes” if successful.
  • European Union finance ministers adopted on Tuesday a blacklist of tax havens which includes 17 extra-EU jurisdictions seen as not cooperative on tax matters, French Finance Minister Bruno Le Maire said. American Samoa, Bahrain, Barbados, Grenada, Guam, South Korea, Macau, Marshall Islands, Mongolia, Namibia, Palau, Panama, Saint Lucia, Samoa, Trinidad and Tobago, Tunisia and United Arab Emirates are the countries listed, officials said.

Singapore shares continue 0.4% lower on Thursday afternoon

SINGAPORE stocks continued 0.4 for each penny bring down on Thursday afternoon, with the Straits Times Index losing 11.93 focuses to 3,385.28 as at 1.03pm.

Around 713.8 million offers worth S$516.4 million altogether changed hands, which worked out to a normal unit cost of S$0.72 per share.


The most effectively exchanged counter was Allied Tech, which fell S$0.01 to S$0.069 with 55.6 million offers evolving hands. Different actives included Jiutian Chemical and Midas.

Losers outnumbered gainers 185 to 132, or around seven down for each five up.

Idealistic viewpoint for worldwide palm oil market to help  agriculture stocks_89923250_gettyimages-160565545

A relentless development in the worldwide palm oil showcase is set to help the Singapore Exchange’s (SGX) eight agrarian items stocks that have a consolidated market capitalisation of S$29 billion.

In a market refresh report by the neighborhood bourse on Wednesday (Dec 6), the SGX said that in the 2017 year to date, these stocks found the middle value of a – 13.7 for each penny value change, contrasted with a 16.7 for each penny pick up in 2016. Palm oil costs additionally observed a value change of – 17.6 for every penny in the year-to-date.

Worldwide Palm Resources Holdings, which enlisted a value pick up of 15.4 for every penny in the year-to-date, was the best-performing stock in the division.

As per a report distributed a month ago by Zion Market Research, the worldwide palm oil advertise is estimate to develop at an exacerbated yearly rate (CAGR) of 7.2 for every penny in the vicinity of 2016 and 2021, achieving a market estimation of US$92.8 billion of every 2021 from US$65.7 billion out of 2015.

Development drivers incorporate enhancing monetary conditions, higher expectations for everyday comforts, and changing dietary patterns in rising nations, and in addition developing interest for vegetable oil as a feedstock for biodiesel creation.

The exploration firm included that the low cost of palm oil, and additionally stringent controls on trans-fat nourishments in US and Europe, has impelled buyers to change to palm from soya bean and other vegetable oils.

Palm oil costs for whatever is left of 2017 are anticipated to stay firm, given the regularly solid final quarter, as per Bloomberg Intelligence.

A further lift could originate from weaker-than-anticipated yield, and in addition a foreseen cut in Europe’s import duties for Indonesia’s biodiesel.



EUR/USD space for a trial of 1.1800

In perspective of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the combine could endeavor a bounce back to the 1.1800 handle.

Key Quotes

“EUR/USD keeps on amending higher. The new low was as of late not affirmed by the day by day RSI and this proposes lost drawback energy, current intraday Elliott tallies are suggesting degree for a 1.1800 bounce back. Past this bounce back we stay negative, the market has as of late finished a head and shoulders top example and a bear hail design – this is exceptionally negative value activity. The estimation down from the head and shoulders is 1.1232. The 200 day mama lies at 1.1298 only in front of here”.

“The standpoint stays negative while topped by the present October highs and early August high at 1.1858/1.1910. Extra help is offered by the mid-June high at 1.1296 and the more vital 1.1110 end of May low”.

“Over the 1.1858/1.1910 range (early August and October highs) lies the 1.2092 September high”.




EUR/USD stick to gains

  • Blended PMIs added support to EUR
  • Positive execution from US yields tops the upside
  • Union likely in front of ECB meeting

The energetic tone remains well and sound so far today around the mutual money, taking EUR/USD to the 1.1760/70 band following the arrival of blaze PMIs in Euroland.

EUR/USD propped up by information, looks to ECB

Spot keeps the positive design so far today after German, French and EMU’s propel fabricating PMIs are relied upon to come in on a solid note in October.

The present outcomes additionally add to yesterday’s change in the purchaser certainty gage followed by the European Commission, all loaning help to the European money.

Be that as it may, the now better tone around yields of the key US 10-year benchmark continue constraining incidental bullish endeavors in spot, while the US Dollar Index (DXY) stays unfaltering in the 93.80 zone.

Looking forward, spot is probably going to stay inside a sideline subject in front of the key ECB occasion on Thursday. This potential situation is additionally reflected in the current movement in EUR fates markets.

EUR/USD levels to observe

Right now, the match is up 0.05% at 1.1755 and a break over 1.1858 (high Oct.20) would target 1.1882 (high Oct.12) on the way to 1.1911 (high Aug.2). On the other side, the following help is situated at 1.1725 (low Oct.23) backed by 1.1686 (low Oct.6) lastly 1.1662 (low Aug.17). Also FXStreet’s specialized intersection marker (TCI) notes vital protection zone around 1.1780/85, in front of the more significant 1.1810 zone, reliable of a turn point, a Fibo retracement and the 10-day sma.

EUR/USD Stick to gains


US Dollar, Drop on by a Thread


– The US Dollar is level on the day as the DXY Index is scarcely clutching its every day 21-EMA as help.

– The most engaging spots at the present time may be USD/JPY and USD/CHF, given these sets’ affectability to US financing costs and their relationship to chance flow.

The US Dollar is level on the day as the DXY Index is scarcely clutching its every day 21-EMA as help. Following the arrival of the September FOMC meeting minutes, advertise members have turned out to be more touchy to approaching swelling information, as policymakers clarified that many trusted low expansion was an element, not a bug, of present day propelled economies. With two ‘high’ significance US financial discharges on the timetable today, including the September US CPI report, there is an open door for the greenback to stem its current misfortunes.

As per a Bloomberg News review, US customer costs were insignificantly higher on a month to month premise in September, due in at +0.6% from +0.4% (m/m) and +2.3% from +1.9% (y/y). The center readings ought to be comparative, at +0.2% unch (m/m), and at +1.8% from +1.7% (y/y).

These figures aggregately have begun to push back towards the Fed’s medium-term target, and would speak to evacuating the greatest hindrance to the Fed completing on its intend to raise rates once again before the year is finished (regardless of the possibility that a portion of the upside weight is because of store network issues following Hurricanes Harvey and Irma). Any effect on the US Dollar will be opposite the skim way valuing channel.

Utilization is the most essential piece of the US economy, creating about 70% of the feature GDP figure. The best month to month knowledge we have into utilization drifts in the US may ostensibly be the Advance Retail Sales report. In September, utilization expanded, as per a Bloomberg News study, with the feature Advance Retail Sales set to increment by +1.7% (m/m). The Retail Sales Control Group, the info used to ascertain GDP, is expected in at +0.4% from – 0.2% (m/m).

Chart 1: Inverse USD/CHF, Inverse USD/JPY, Gold, and US Treasury 10-year Yield Hourly Timeframe (September to October 2017)

US Dollar, Drop on by a Thread

In like manner, around the information and into one week from now, following the loss of the DXY Index’s bullish stance, choice for long USD presentation should be oppressive until the DXY offers a clearer motion for a wide US Dollar predisposition. The most engaging spots at this moment may be USD/JPY and USD/CHF, given these sets’ affectability to US loan costs and their relationship to hazard elements. All through September and October, Gold, US yields, USD/CHF, and USD/JPY have exchanged synchronously, and this ought to for a long time to come.

Chart 2: DXY Index Daily Timeframe (May to October 2017)

US Dollar, Drop on by a Thread

With the US Treasury 10-year yield pulling back to its day by day 13-EMA (has been bolster on an end premise since September 12) following a retest of the July highs,it would show up today would stamp a vital day for the greenback. A further drop in yields through current help would recommend that the US Dollar turn since the center of September is done.

However should we see solid utilization and swelling figures early today, US yields should discover no inconvenience ascending from current pattern bolster. USD/JPY has kept up its increases above day by day 21-EMA, while additionally holding above symmetrical triangle protection backpedaling to the January swing highs. Simultaneously, USD/CHF is holding its every day 13-EMA after a breakouttest of 0.9730/70 a week ago.


Asian Stocks Gain

Asian Stocks Gain- Epic Research


* Japan, Taiwan and South Korea were shut for occasions on Monday

* However Chinese markets were back and figured out how to pick up notwithstanding frail neighborhood numbers

* The US Dollar slipped, as did its Australian cousin

Asian markets were blended Monday, those that were open that is. Occasions took Japan, South Korea and Taiwan out of the condition, in spite of the fact that China was back following seven days in length break.

A week ago’s North Korea stresses persisted into another session. The maverick state is supposedly getting ready to test a long-go rocket, and these reports came after more hawkish editorial went for Pyongyang from US President Donald Trump.

The US Dollar slipped back a little as hazard avoidance ticked up despite the fact that, without the bellwether Tokyo advertise, activity was very curbed. The Australian Dollar was hit by some powerless Chinese administration part numbers which put the supportability of very enthusiastic development in world’s second bigger economy in an awkward light.

Australia’s ASX finished the session up 0.5% with Shanghai stocks in the green in spite of those administration area numbers. Gold costs crawled up as the greenback floundered, while raw petroleum costs were higher, supposedly as financial specialists thought about the odds of more generation cuts alongside news of a lower fix check in the US.

The rest of Monday hasn’t a great deal to offer as far as planned monetary news, and that is with all due regard to Swiss store information and the European Central Bank Executive Board part Yves Mersch who is talking later.

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