Australia, NZ: Shares subdued amid mixed earnings reports

Australian shares dipped on Friday and looked set to end the week little changed following a subdued performance by Wall Street and as local earnings reports remained mixed.

But trade was cautious ahead of a speech by Federal Reserve Chair Janet Yellen later in the day.

Markets are hoping for some clarity on whether the Fed might hike interest rates in September or even December, but it is far from clear Ms Yellen will oblige them. The subject of the speech is the Fed's policy toolkit and is expected to be longer term in outlook.

The S&P/ASX 200 index was down a slim 0.2 per cent, or 10.4 points, at midday at 5,531.5. For the week, the benchmark was up a bare 0.1 per cent.

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

Read More

Australia: Shares flat, New Zealand rises on company results

Australian shares were flat on Thursday, trading largely in response to company results and outlook, with falls in energy and commodities stocks offset by retailers' gains, while New Zealand shares rose, pushing the index near record highs.

The S&P/ASX 200 index ticked 3 points lower to 5,558.6 by 0306 GMT, a fall of 0.05 per cent.

"I don't really think there's really a catalyst in the market at the moment," said Mathan Somasundaram, a quant strategy researcher at stockbroker Baillieu Holst.

"People are waiting for guidance because the market lacks any real sentiment to go in either direction," he said, adding that traders will closely follow Federal Reserve Chair Janet Yellen's speech to a global central bankers' gathering in Jackson Hole on Friday.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

Read More

Asia: Markets struggle, oil resumes losses on glut woe

Most Asian markets slipped on Wednesday as traders trod water ahead of a key speech by Federal Reserve boss Janet Yellen this week, while oil suffered fresh losses on persistent glut worries.

With speculation growing that US interest rates could rise by the end of the year, Ms Yellen's comments at a global central bankers meeting in Jackson Hole Friday will be scoured for forward guidance on US central bank policy.

There is a chance borrowing costs could rise as soon as next month, analysts say, but most bets are on a move just before the end of the year, or in February.

"While recent US data has been mixed, the base case for the Fed is probably to increase rates in the absence of any compelling reason not to," Michael McCarthy, chief market strategist in Sydney at CMC Markets, told Bloomberg News.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

Read More

Australia: Stronger miners help keep shares steady

Mixed showings among mining and bank stocks kept the Australian share market mostly flat on Friday, with investors shrugging off disappointing financial results.

The S&P/ASX 200 index was 0.16 per cent, or 9 points, higher at 5,516.

Weak oil and gas prices hammered half-year profits at Australia's Woodside Petroleum and Santos on Friday, but investors sent their shares higher as both companies reported progress on cost-cutting.

Woodside was trading 2 per cent firmer, while Santos gave up its gains and was down 0.2 per cent.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

Read More

Asia: Stocks cautious but oil price holds above US$50

Asia stocks markets moved cautiously in early trade on Friday despite a positive lead from Wall Street and further overnight gains in the price of oil.

US and European markets ticked up overnight, supported by a dovish outlook for US interest rates and some healthy post-Brexit data in Britain.

The oil price has also continued its upward trend, with Brent crude holding above US$50 a barrel on official data showing lower US crude stockpiles and hints of a possible production freeze.

But traders treaded carefully Friday morning, with Asian markets moving in and out of positive territory.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

Read More

Singapore shares open lower on Fed split over raising rates

SINGAPORE shares opened lower on Thursday, following news that the US Federal Reserve's most recent policy meeting showed committee members were split on the issue of raising interest rates soon.

The benchmark Straits Times Index was down 3.69 points or 0.13 per cent to 2,839.66.

At 9.06am, 59.5 million shares worth S$63 million had changed hands, with losers beating gainers 63 to 62.

Some of the most active counters were Singtel, Ezion Holdings and Magnus Energy.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

Read More

Asia: Most stocks rise after Fed minutes show caution

Most Asian stocks ticked up Thursday, tracking gains on Wall Street after minutes from the Federal Reserve's July meeting showed caution about raising interest rates, supporting markets.

But Tokyo's main index sank as the dollar fell against the safe haven Japanese currency, slumping below 100 yen for the second time this week and hitting Japan's exporters.

US Federal Reserve policy makers last month believed risks to the US economy had lessened but wanted to keep their interest rate policy "options open", according to minutes released Wednesday, dampening hopes for an imminent rate hike.

The Federal Open Market Committee remained divided on the near-term danger of inflation, with some seeing little threat but others worried that there could be a sudden upward push on prices as the labour market continues to tighten.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

Read More

OCBC cuts target price for SIA Engineering

OCBC Investment Research has cut its target price for SIA Engineering (SIA Engg) on the firm's weak core earnings. It lowered the company's fair value from S$3.70 to S$3.63, but kept its "hold" rating on the stock.

SIA Engg shares fell five cents or 1.3 per cent to S$3.70 as at 11.40am on Wednesday. The stock is also trading on an ex-dividend basis.

The group said on Tuesday its net profit rose from S$41.3 million in the first quarter last year to S$198.4 million in Q1 2016.

But this was boosted by a S$141.6 million gain from the divestment of its 10 per cent stake in Hong Kong Aero Engine Services (HAESL) to Rolls-Royce Overseas Holdings and Hong Kong Aircraft Engineering Company.

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

Read More

Current Market Update : Epic Research Singapore

Tokyo (Nikkei Average) up 0.1%
Hong Kong (Hang Seng Index) down 0.3% (at break)
Shanghai (Shanghai Composite Index) down 0.6% (at break)
Sydney (S&P/ASX 200) up 0.5%
Mumbai (Sensex) up 0.6%
Taipei (Taiex) down 0.1%


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

Read More

Market Closing Update : Epic Research Singapore

Tokyo (Nikkei Average) up 0.1% (closed)
Hong Kong (Hang Seng Index) down 0.3%
Shanghai (Shanghai Composite Index) up 0.3%
Sydney (S&P/ASX 200) down 0.2%
Seoul (Kospi) down 0.6%
Taipei (Taiex) up 0.2%


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

Read More

Current Market Update : Epic Research Singapore

Tokyo (Nikkei Average) down 0.1% 
Hong Kong (Hang Seng Index) down 0.6%
Shanghai (Shanghai Composite Index) down 1.2% 
Sydney (S&P/ASX 200) down 0.5%
Mumbai (Sensex) down 0.2%
Taipei (Taiex) flat

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

Read More

Current Market Update : Epic Research Singapore

Tokyo (Nikkei Average) up 2.1%
Sydney (S&P/ASX 200) up 0.3%
Seoul (Kospi) up 0.3%
Mumbai (Sensex) up 0.5%

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

Read More

Market Closing Update : Epic Research Singapore

Tokyo (Nikkei Average) down 0.3% (closed)
Hong Kong (Hang Seng Index) up 0.3% (closed)
Shanghai (Shanghai Composite Index) down 0.1% (closed)
Sydney (S&P/ASX 200) down 0.5% (closed)
Seoul (Kospi) down 0.9% (closed)
Taipei (Taiex) down 0.4% (closed)

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

Read More

Market Closing Update : Epic Research Singapore

Tokyo (Nikkei Average) up 0.1% (closed)
Hong Kong (Hang Seng Index) flat 
Shanghai (Shanghai Composite Index) down 0.4% 
Sydney (S&P/ASX 200) down 0.2%
Seoul (Kospi) down 0.3%
Mumbai (Sensex) down 0.6%
Taipei (Taiex) down 0.1%

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

Read More

Current Market Update : Epic Research Singapore

Tokyo (Nikkei Average) flat
Hong Kong (Hang Seng Index) up 0.5% (at break)
Shanghai (Shanghai Composite Index) flat  (at break)
Sydney (S&P/ASX 200) down 0.1%
Seoul (Kospi) down 0.3%
Mumbai (Sensex) down 0.3%
Taipei (Taiex) down 0.2%

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

Read More

Market Closing Update : Epic Research Singapore

Tokyo (Nikkei Average) up 0.2% (closed)
Hong Kong (Hang Seng Index) up 0.6% (closed)
Shanghai (Shanghai Composite Index) up 0.8% (closed)
Sydney (S&P/ASX 200) up 0.3%(closed)
Seoul (Kospi) up 1% (closed)
Taipei (Taiex) up 0.7% (closed)

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

Read More

Current Market Update : Epic Research Singapore

Tokyo (Nikkei Average) up 0.4%
Hong Kong (Hang Seng Index) up 0.8% (at break)
Shanghai (Shanghai Composite Index) up 0.2% (at break)
Sydney (S&P/ASX 200) up 0.5%
Seoul (Kospi) up 0.7%
Mumbai (Sensex) up 0.2%
Taipei (Taiex) up 0.3%

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

Read More

Current Market Update : Epic Research Singapore

Tokyo (Nikkei Average) up 0.8%
Hong Kong (Hang Seng Index) down 0.2% (at break)
Shanghai (Shanghai Composite Index) down 0.2% (at break)
Sydney (S&P/ASX 200) up 0.1%
Seoul (Kospi) down 0.7%
Mumbai (Sensex) down 0.8%
Taipei (Taiex) up 0.2%

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

Read More

Epic Research Singapore : Market Closing Update

Tokyo (Nikkei Average) up 0.5% (closed)
Hong Kong (Hang Seng Index) up 0.6% (closed)
Shanghai (Shanghai Composite Index) up 0.2% (closed) 
Sydney (S&P/ASX 200) up 0.2% (closed) 
Seoul (Kospi) down 0.2% (closed) 
Taipei (Taiex) down 0.1% (closed)

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

Read More

Epic Research Singapore : Current Market Update

Tokyo (Nikkei Average) up 0.8%
Hong Kong (Hang Seng Index) up 0.7% 
Shanghai (Shanghai Composite Index) up 0.2% (at break) 
Sydney (S&P/ASX 200) up 0.1% 
Seoul (Kospi) down 0.4% 
Taipei (Taiex) up 0.2%

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

Read More