Noble Group made the headlines once again. Following the exit of Chief Executive Yusuf Alireza, the group plans to raise US$500 million in a rights issue while Chairman Richard Elman plans to step down within 12 months. The troubled commodity trader saw its shares shot down further to a record low of $0.25 per share after the announcement.
Asian shares held firmly on Friday ahead of the United States employment data which could add on to the case for a Federal Reserve interest rate hike later this month. The data will be followed by a speech from Federal Reserve Chair, Janet Yellen, on Monday, before Federal Reserve officials enter their self-imposed blackout period ahead of its policy meeting.
The Straits Times Index opened higher on Friday, closing the week slightly above the 2,800 mark. The Hang Seng Index fared better, adding 1.8 percent during the week to end at 20,947.24.
The global oil benchmark hovered at the US$50 mark in Asian trade on Friday, for the first time since November 2015, as United States crude oil inventories fell 1.4 million barrels in the last week.
However, prices lacked any major movements as traders weighed between the upbeat data, the restart of Canadian oil production and the decision by the Organization of the Petroleum Exporting Countries to keep output policy unchanged.
Lifted by the higher oil prices, Wall Street reversed early losses on Thursday, pushing the Standard & Poor’s 500 above 2,100, the highest level in seven months. The Dow Jones Industrial Average was up 0.27 percent to 17,838.56, while the Nasdaq Composite rose 0.39 percent to 4,971.36.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
Asian shares held firmly on Friday ahead of the United States employment data which could add on to the case for a Federal Reserve interest rate hike later this month. The data will be followed by a speech from Federal Reserve Chair, Janet Yellen, on Monday, before Federal Reserve officials enter their self-imposed blackout period ahead of its policy meeting.
The Straits Times Index opened higher on Friday, closing the week slightly above the 2,800 mark. The Hang Seng Index fared better, adding 1.8 percent during the week to end at 20,947.24.
The global oil benchmark hovered at the US$50 mark in Asian trade on Friday, for the first time since November 2015, as United States crude oil inventories fell 1.4 million barrels in the last week.
However, prices lacked any major movements as traders weighed between the upbeat data, the restart of Canadian oil production and the decision by the Organization of the Petroleum Exporting Countries to keep output policy unchanged.
Lifted by the higher oil prices, Wall Street reversed early losses on Thursday, pushing the Standard & Poor’s 500 above 2,100, the highest level in seven months. The Dow Jones Industrial Average was up 0.27 percent to 17,838.56, while the Nasdaq Composite rose 0.39 percent to 4,971.36.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment