Technology companies were the biggest decliners on the Stoxx Europe 600 Index, though a gain for telecom shares helped offset the move. Trading volumes were more than 40 percent below the 30-day average. Asian shares notched further losses even after China’s currency rose for a second day in the wake of the central bank’s vow not to deploy it as a weapon in any trade war.
Wednesday, 4 July 2018
Tuesday, 3 July 2018
| |
Trump looks to keep China Mobile out of America, Pompeo is off to North Korea, and Bitcoin gets the second half started on a high note. Here are some of the things people in markets are talking about.
Trump Moves Against China Mobile
The Trump administration moved against letting China Mobile Ltd. enter the U.S. telecommunications market, saying the government-owned company would pose national security risks. The Federal Communications Commission should deny China Mobile’s application, submitted in 2011, a branch of the Commerce Department said in a filing distributed by email on Monday. In quarrels over trade this year, U.S. officials have alleged that China engages in widespread theft of intellectual property. Washington is set to impose tariffs on $34 billion of Chinese goods on Friday, and another $16 billion may follow. China has vowed to retaliate in kind.
Pompeo Heads to North Korea
U.S. Secretary of State Mike Pompeo will travel to North Korea on Thursday to continue talks with Kim Jong Un’s government on nuclear disarmament, the White House said Monday, even as new questions have been raised about Kim’s intentions. Pompeo’s visit follows the historic summit between Kim and President Donald Trump in June. Pompeo, making his third trip to North Korea, will seek answers after independent researchers and news media detailed North Korean efforts to increase fuel production, build more missile launchers and expand a key rocket-engine manufacturing facility.
China’s Slowdown Worsens
Chinese economic data are underwhelming, and credit growth is slowing. The latest sign: a gauge of export orders tumbled into contraction in June. For many China watchers, the weakness means it's reasonable to view the sharpest slide in the yuan since a 2015 devaluation as a natural response to broad dollar strength and economic fundamentals, rather than an active tool being wielded by Beijing as trade tensions increase. The smartest stabilization policy might be to embrace a more accommodative fiscal stance, especially at the national level, rather than ease monetary policy.
Philippine Stocks Are Looking Cheap
Unfazed by a foreign-led selloff that wiped out about $55 billion in Philippine stocks, some local individual investors are seeing opportunities to buy. All seven brokerages surveyed by Bloomberg said investors are dipping their toes in the Philippine stock market with cautious optimism. The Philippine Stock Exchange Index tumbled 9.9 percent in the second quarter, buffeted by a weakening peso, quickening inflation, and the trade standoff between the U.S. and China, not to mention the general selloff in emerging markets. The benchmark stock gauge entered a bear market in June, with valuations sinking to their lowest level in 29 months.
Bitcoin Bounces Back
Bitcoin rallied to start July, giving a positive jolt to a digital-coin market that had lost about half of its value since early May. The largest cryptocurrency climbed more than 12 percent to $6,620 from Friday, in its biggest increase since April, according to composite prices compiled by Bloomberg. The token’s largest peers -- Ripple, Ethereum and Litecoin -- climbed between 10 and 15 percent. The bounce began during weekend trading and spiked further in the U.S. morning. The positive start to July follows a selloff in June, when crypto investors parsed a flood of comments from policymakers across the globe, looking for any evidence they may crack down on peer-to-peer money.
What we’ve been reading
This is what caught our eye over the last 24 hours.
|
Friday, 29 June 2018
Market News for the Day
| |
The emerging-market rout continues, China looks to calm jittery investors, and a Bank Indonesia rate hike looms. Here are some of the things people in markets are talking about.
Another Ugly Day for Emerging Markets
Emerging-market assets had another rough day on Thursday. Stocks, bonds and currencies in developing nations are closing out their worst quarter since 2015 and facing a looming global trade war, tightening U.S. monetary policy and a weaker worldwide growth outlook. The consensus is that, whether emerging markets are set for a rebound or a deeper sell-off, in the short term the asset class is at the mercy of trade headlines. Goldman Sachs Group Inc., Morgan Stanley and Citigroup Inc. have warned in recent days that more pain lies ahead thanks to U.S.-China trade tensions. The MSCI emerging-markets index slumped as much as 1.3 percent Thursday, bringing its second-quarter decline to more than 10 percent. At least developed-market equities bounced back. Asian stocks looked set to advance on Friday morning.
PBOC on Standby
China’s central bank said it’ll use comprehensive policy tools to keep economic development steady and stabilize market expectations. The PBOC will keep a close eye on domestic and global economic developments and step up forward-looking policy fine-tuning, according to a statement released Thursday after a meeting of the advisory monetary-policy committee led by Governor Yi Gang Wednesday. The PBOC is about to lower the reserve ratios for some banks next Thursday -- the third cut this year -- as it strives to keep a balance between debt containment and stable growth. Meanwhile, most traders say China is likely to step in and defend the yuan should it fall to the key psychological level of 6.7 per dollar, according to a Bloomberg survey. The offshore yuan fell for an 11th day, the longest-ever losing streak.
A-Shares Have Rough Entry Into MSCI
Global passive funds are buying China’s domestically traded shares for the first time, and it’s not going so well. Stocks in Shanghai have tumbled 13 percent in dollar terms since MSCI Inc. added A-shares to its indexes at the start of the month. Worries about a slowing economy, tightening liquidity and possible trade war are plaguing the world’s second-largest stock market, while a suddenly tumbling currency is only adding to foreign investor losses. While MSCI’s decision to initially allocate a minuscule weighting to so-called A-shares will limit the fallout, the almost $2 trillion rout is evoking uncomfortable echoes of Chinese market panic just three years ago. A repeat of such turmoil, even on a lesser scale, is likely to undermine efforts in Beijing to encourage foreign inflows and stabilize a market still dominated by speculators.
|
Thursday, 28 June 2018
Wednesday, 27 June 2018
Tariffs will add $30-45 million to the company’s expenses this year
US President Donald Trump has warned legendary motorcycle maker Harley-Davidson of unprecedented tariffs if the company moves part of its production abroad.
US Service Tech Stocks less affected by Trade War ...
Service tech stocks, especially the of Facebook Inc. FB, +1.35% , Apple Inc. AAPL, +1.24% , Amazon, Netflix and Google parent Alphabet Inc. GOOGL, -0.58% may be less directly affected by rising trade restrictions than U.S. tech firms in general.
Tuesday, 26 June 2018
Once a Trump Favorite, Harley Now Feels the Pinch From Trade War
Citing tariffs tied to escalating tension between Trump and the European Union, the iconic motorcycle maker will further retrench its U.S. operations. Bikes destined for the EU were made less viable by levies that’ll boost costs for the company by about $100 million a year.
“Surprised that Harley-Davidson, of all companies, would be the first to wave the White Flag,” Trump tweeted Monday. The president said he has “fought hard” for the company and said it ultimately won’t have to pay the tariffs, urging it to “be patient!”
Monday, 25 June 2018
Market remained in Weak Bearish Sentiments/Moods
Market remained in Weak Bearish Sentiments/Moods as Trade War uncertainties prevailed, fuelling Volatility short term
Stocks to Watch (Short Term Outlook 1-5 days),
Stocks highlighted in RED Bar are trapped in Bearish Trend/Moods, where its Low may get Lower till its Bear Trend ended or remained trapped in weak price ranges (consolidation mode) if not driven by +ve Fresh news.
Some of the stocks (1-20) below, may attempt to stage bear rebound after excessive
Overselling recently.
1. Far East H Trust
2. Raffles Medical
3. StarHill Global
4. Pine Capital
5. UOB
6. OCBC
7. SingTel
8. Kep Corp
9. Capitaland
10. WingTai
11. Sing Medical Grp
12. UOL Group
13. SPDR STI ETF
14. Global Investment
15. Venture Corp
16. Wheelock Property
17. Cosco
18. StarHub
19.Bumitama Agri
20. Fraser Property
 |
| LEGEND ... Read more > |
LEGEND & DISCLAIMER:
Trade worries hit world stocks, oil gives back gains
The Wall Street Journal said U.S. President Donald Trump planned to bar many Chinese companies from investing in U.S. technology firms and block additional technology exports to China.
Chinese shares were among the biggest losers, falling 1.27 percent and tumbling 3.7 percent last week, as Trump threatened to hit $200 billion of Chinese imports with 10 percent tariffs.
Chinese shares were among the biggest losers, falling 1.27 percent and tumbling 3.7 percent last week, as Trump threatened to hit $200 billion of Chinese imports with 10 percent tariffs.
Friday, 22 June 2018
Stocks to Watch: AEM, StarHub, Kep Corp ...
Some of the Stocks that were heavily Oversold on Monday 18 June,
... attempt to stage Bear Rebound today
See Charts Below
1) AEM - fell sideways & Rebounded stronger than StarHub
2) StarHub - fell lower with Bear Rebound today
3) Kep Corp - moving into Consolidation Mode
Refer Post 5 days ago ... 18 June 2018 ... Read More >
... attempt to stage Bear Rebound today
See Charts Below
1) AEM - fell sideways & Rebounded stronger than StarHub
2) StarHub - fell lower with Bear Rebound today
3) Kep Corp - moving into Consolidation Mode
 |
| Typical Stock Price Behaviour in a Bear Trend/Moods (as seen in 3 stocks below) |
 |
| 1. REBOUND |
 |
| 2. CONSOLIDATION |
 |
| 3. DNTREND |
 |
Thursday, 21 June 2018
Asia Stocks Pricing in 20% Chance of Serious Trade War, UBS Says
This week’s escalation in tension between the U.S. and China, which led to declines in equities on Monday and Tuesday, has seen equity investors increase their expectations of that becoming a reality by about 9 percent, strategists including Niall MacLeod wrote in a report. A full fledged trade war could see stocks in Asia tumble 30 percent from this year’s peak, they said.
Wednesday, 20 June 2018
US-Sino Trade War Spats spillover to its neighbours...?
Taiwan, Malaysia, Hong Kong and South Korea stand out with the largest exposure to a drop in China’s exports to the U.S, ... based on data from the Organisation for Economic Co-operation and Development.
Trump threatened on Mon. to hit $200 billion of Chinese imports with 10 & tariffs if Beijing retaliated
“Beijing will have to ensure that Washington is aware that there will be heavy price to pay every action it strikes against China if it is to avoid being a victim of the Trump administration’s growing blood lust.”
NOBLE secures Goldilocks backing ...
Noble jumped on Wed. mid-day, as the trading halt was lifted, to 8c, +2c or 48%
Tuesday, 19 June 2018
Stocks to Watch: Oversold stocks that attempting Bear Rebound today ...
Just a week ago, most stocks in the ST Index & Top Volume Active List started to fall into "bearish moods/trend"
- since then, market sentiments had turned bearish
- from our recent CHARTS, there were some signs of SELLING across the boards a week ago
- ahead of the negative news last Friday, 15 June (where US slapped hefty tariffs on China imports)
- as our CHARTS had seen increasing number of stocks started to fall into RED ZONE (RED Rating Bar - refer older posts)
- where bearish moods started to RULE
- and weaker stocks saw lower Lows after each bear rebounds from overselling.
As of mid-day, there were signs of some stocks "Rebounding" from "Overselling"
... however, the weaker stocks may see weakness, lower prices ahead as long the bear trend remained intact
... whilst any stronger rebound need more positive (+ve) news to fuel higher prices
In a typical Bear Trend, most bear rebounds are Not Sustainable unless the bear trend get exhausted, or market sentiments turned bullish.
Stocks that show some signs of Rebounding today (12nn) after recent "Overselling"
Are these bear rebounds sustainable/short-lived?
... if not driven by +ve fresh news, the weaker stocks may fell lower after "brief Rebound"?
1. Singtel
2. Jiutian
3. AEM
4. UMS
5. Kep Corp
Yesterday Post (18 Jun, Mon)
LEGEND
Outlook of Stocks in Bearish Moods/Trend
- since then, market sentiments had turned bearish
- from our recent CHARTS, there were some signs of SELLING across the boards a week ago
- ahead of the negative news last Friday, 15 June (where US slapped hefty tariffs on China imports)
- as our CHARTS had seen increasing number of stocks started to fall into RED ZONE (RED Rating Bar - refer older posts)
- where bearish moods started to RULE
- and weaker stocks saw lower Lows after each bear rebounds from overselling.
As of mid-day, there were signs of some stocks "Rebounding" from "Overselling"
... however, the weaker stocks may see weakness, lower prices ahead as long the bear trend remained intact
... whilst any stronger rebound need more positive (+ve) news to fuel higher prices
In a typical Bear Trend, most bear rebounds are Not Sustainable unless the bear trend get exhausted, or market sentiments turned bullish.
Stocks that show some signs of Rebounding today (12nn) after recent "Overselling"
Are these bear rebounds sustainable/short-lived?
... if not driven by +ve fresh news, the weaker stocks may fell lower after "brief Rebound"?
1. Singtel
2. Jiutian
3. AEM
4. UMS
5. Kep Corp
Yesterday Post (18 Jun, Mon)
 |
| What Chart SAYS ? |
LEGEND
Outlook of Stocks in Bearish Moods/Trend
Stocks trapped in Bearish Moods/Trend tend to remain Weak/Fell Lower or Range-Bound (if not driven by +ve Fresh News)
1. those that are heavily Oversold may occasionally attempt Sudden Bear Rebound
1. those that are heavily Oversold may occasionally attempt Sudden Bear Rebound
2. after Rebound, they may go Sideways or Range-Bound into Consolidation Mode
3. the weaker stocks may resume its bearish trends, where Low get Lower till its Bear Trend ended
4. Fresh Positive News are needed to fuel a Stronger Rebound or maybe a Trend Change
e. ABOVE Outlook is only Short Term (1-5 days)
Monday, 18 June 2018
Stocks to Watch in TOP ACTIVES - June 18, Monday
Bears on rampage, feeding on Volatility driven by US hefty tariffs on China imports
General Market Sentiments remained bearish/weak ( >70% in RED Rating Bar)STI fell -33 pt to 3324 (closed below 3338 immediate Support)
Stocks to Watch in Top Volume today
Some of the stocks below, trapped in Bearish Trend/Moods) may staged bear rebound (Short Term 1-5 days), from recent Overselling
1. SingTel
2. Ezion
3. Valianz
4. Capitaland
5. Jiutian
6. StarHub
7. AEM
8. UMS Holding
9. Cosco
10. Kep Corp
 |
| LEGEND ... Read more > |
Stocks trapped in Bearish Moods/Trend tend to remain Weak or Range-Bound (if not driven by +ve Fresh News)
1. those that are heavily Oversold may occasionally attempt Sudden Bear Rebound
2. after Rebound, they may go Sideways or Range-Bound into Consolidation Mode
3. the weaker stocks may resume its bearish trends, where Low get Lower till its Bear Trend ended
4. Fresh Positive News are needed to fuel a Stronger Rebound or maybe a Trend Change
e. ABOVE Outlook is only Short Term (1-5 days)
LEGEND & DISCLAIMER:
All information published here are not verified or may be inaccurate, which is for general reading & information only. Hence the ALL the information here can be unreliable, riskly & not suitable for your trading or investment. You do so at your own RISK.
Trump announced hefty tariffs on $50 billion of Chinese imports on Fri. 15 Jun'18
However, many market watchers believe there is still room for compromise, suspecting Trump’s announcement was a negotiating tactic to wring faster concessions from Beijing.
Trump announced hefty tariffs on $50 billion of Chinese imports on Friday, laying out a list of more than 800 strategically important imports from China that would be subject to a 25 percent tariff starting on July 6, including cars.
Trump announced hefty tariffs on $50 billion of Chinese imports on Friday, laying out a list of more than 800 strategically important imports from China that would be subject to a 25 percent tariff starting on July 6, including cars.
Thursday, 14 June 2018
Stocks to Watch in ST Index - June 14, Thurs
General Market Mood of ST Index stocks are weak ( >50% in RED Rating color)
STI fell -36 pt to 3357 (with 3338 as next immediate Support)
Stocks to Watch
Some of the stocks below may move (Short Term 1-5 days), being trapped in Bearish Moods/Trends (that are Oversold)
1. SembCorp
2. StarHub
3. UOL Group
4. Kep Corp
5. SingTel
6. UOB
Yangzijiang was oversold to 90c Low on 30th May
.... currently trying to consolidate after its recent Rebound to $1.05 High
 |
| LEGEND ... Read more > |
Outlook of Stocks in Bearish Moods/Trend
Stocks trapped in Bearish Moods/Trend tend to remain Weak or Range-Bound (if not driven by +ve Fresh News)
... those that are heavily Oversold may occasionally attempt Sudden Bear Rebound
... after Rebound, they may go Sideways or Range-Bound into Consolidation Mode
... the weaker stocks may resume its bearish trends, where Low get Lower till its Bear Trend ended
... Fresh Positive News are needed to fuel a Stronger Rebound or maybe a Trend Change
... ABOVE Outlook is only Short Term (1-5 days)
LEGEND & DISCLAIMER:
All information published here are not verified or may be inaccurate, which is for general reading & information only. Hence the ALL the information here can be unreliable, riskly & not suitable for your trading or investment. You do so at your own RISK.
... after Rebound, they may go Sideways or Range-Bound into Consolidation Mode
... the weaker stocks may resume its bearish trends, where Low get Lower till its Bear Trend ended
... Fresh Positive News are needed to fuel a Stronger Rebound or maybe a Trend Change
... ABOVE Outlook is only Short Term (1-5 days)
All information published here are not verified or may be inaccurate, which is for general reading & information only. Hence the ALL the information here can be unreliable, riskly & not suitable for your trading or investment. You do so at your own RISK.
Wednesday, 13 June 2018
Identify TOP ACTIVE Stocks in Bearish Moods - Jun 13, Wed
ST Index -40 pt at 3390 (4pm)
Stocks in Bearish Moods/Trends (that are Oversold) ... Short Term Outlook (1-5 dys)
1. Ezion
2. Valianz
3. Kep Corp
4. Chip Eng Seng
5. UMS holdings
6. Frencken
7. UOL Group
8. Global Investment (Rebound from Oversold)
9. Lian Beng
10. Noble
11. Cosco
12. StarHub
13. Citi EnviroTech (Rebound from Oversold)
14. ESR-REIT
14. Spackman
Short Term Outlook of Stocks trapped in Bearish Moods/Trend
Stocks trapped in Bearish Moods/Trend tend to remain Weak or Range-Bound (if not driven by +ve Fresh News)
... those that are heavily Oversold may occasionally attempt Sudden Bear Rebound
... after Rebound, they may go Sideways or Range-Bound into Consolidation Mode
... the weaker stocks may resume its bearish trends, where Low get Lower till its Bear Trend ended
... Fresh Positive News are needed to fuel a Stronger Rebound or maybe a Trend Change
Stocks in Bearish Moods/Trends (that are Oversold) ... Short Term Outlook (1-5 dys)
1. Ezion
2. Valianz
3. Kep Corp
4. Chip Eng Seng
5. UMS holdings
6. Frencken
7. UOL Group
8. Global Investment (Rebound from Oversold)
9. Lian Beng
10. Noble
11. Cosco
12. StarHub
13. Citi EnviroTech (Rebound from Oversold)
14. ESR-REIT
14. Spackman
 |
| LEGEND ... Read More > |
Short Term Outlook of Stocks trapped in Bearish Moods/Trend
Stocks trapped in Bearish Moods/Trend tend to remain Weak or Range-Bound (if not driven by +ve Fresh News)
... those that are heavily Oversold may occasionally attempt Sudden Bear Rebound
... after Rebound, they may go Sideways or Range-Bound into Consolidation Mode
... the weaker stocks may resume its bearish trends, where Low get Lower till its Bear Trend ended
... Fresh Positive News are needed to fuel a Stronger Rebound or maybe a Trend Change
Subscribe to:
Comments (Atom)
Featured post
Stocks to Watch: Oversold stocks that attempting Bear Rebound today ...
Just a week ago, most stocks in the ST Index & Top Volume Active List started to fall into "bearish moods/trend" - since th...