China: Stocks decline as hopes for policy easing fade

China stocks slipped on Wednesday, pulled down by financial shares amid receding expectations of aggressive monetary easing, while property shares also declined.

The CSI300 index, which tracks the largest listed companies trading in Shanghai and Shenzhen, fell 0.4 per cent, to 3,329.86 points. The Shanghai Composite Index lost 0.1 per cent, to 3,085.88 points.

China's central bank on Wednesday injected cash into money markets through 14-day reverse repurchase agreements for the first time since February, and traders said the prospect of more liquidity injections trimmed expectations of further aggressive monetary easing.

The property shares finished lower with subindex losing 1.55 per cent. China Vanke Co was among the top losers, which dropped 2.87 per cent.

The financial subindex was down 0.73 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

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Stocks to watch: Singtel, Epicentre, Sin Heng Heavy Machinery

SINGAPORE Telecommunications (Singtel): The telco said on Thursday it plans to buy a 21 per cent stake in Intouch Holdings PCL and a 7.39 per cent stake in Bharti Telecom from Temasek for S$2.47 billion in cash.

It said the acquisitions give it a unique opportunity to increase economic exposure to high-growth telecom sectors in Thailand and India.

Epicentre Holdings: The group has issued a profit warning for the financial year ended June 30, 2016, adding that it expects to report a loss, due to "lower sale from certain Apple products as well as erosion of gross profit margin derived from the sale of third party accessories as a result of increased price competition".

It also provided added provisions in anticipation of the soft information technology and consumer electronics sector.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

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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

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China home prices rise 7.9% year on year in July

Average new home prices in China's 70 major cities rose 7.9 per cent in July from a year earlier, an official survey showed on Thursday.

That compared with a 7.3 per cent increase in June.

Home prices in Shenzhen and Xiamen had the biggest surge, rising 40.9 per cent and 39.2 per cent, respectively, from a year ago.

The booming property market has been a key driver of China's economic growth in the first half of the year as weak demand at home and abroad continue to take a toll on trade and investment.

But concerns are growing that the property rebound may be coming to an end as local governments tighten restrictions on home purchases to cool sharp price rises, which are sparking fears of asset bubbles.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

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Stocks to watch: A-Reit, OUE H-T, OKP, China Star

AFTER oil weakness led a Wall Street retreat overnight, trading here is expected to stay muted, except for certain rotational plays.

Counters that may see some active trade on Tuesday morning include Ascendas Real Estate Investment Trust (A-Reit), OUE Hospitality Trust (OUE H-T), OKP and China Star Food Group.

Ascendas Real Estate Investment Trust: A-Reit said on Tuesday morning that its private placement of 64 million new units was over six times covered and priced at the top end of the price range at S$2.417 per new unit. This represents a 3.3 per cent discount to the volume weighted average price (VWAP) for trades done on Monday.

The private placement drew strong demand from new and existing institutional, accredited and other investors mainly from Asia and the United States, A-Reit added.
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Singapore shares open lower on Tuesday

SINGAPORE shares opened lower on Tuesday, extending a retreat on Wall Street on the back of oil price weakness.

At 9.01am, the benchmark Straits Times Index (STI) was down 20.97 points or 0.7 per cent at 2,871.55.

Some 43.8 million shares worth S$76.6 million changed hands.

Losers outpaced winners 77 to 55.

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Gasoline Market Update : Epic Research Singapore

Back on Nymex on Monday, August gasoline RBQ6, +0.04%  fell 2.8 cents, or 2.1%, to $1.334 a gallon and August heating oil HOQ6, +0.49%  lost 3.4 cents, or 2.5%, to $1.323 a gallon.

August natural gas NGQ16, -1.20%  ended at $2.747 per million British thermal units, down 3 cents, or 1.1%.

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Oil Market Update : Epic Research Singapore

Oil futures settled Monday at their lowest level in three months as the prospect of more oil-drilling activities in the U.S., a glut of petroleum-product supplies and an expected slowdown in domestic refining activities renewed worries that inventories of crude will continue to outpace consumption.

“Supply continues to return from disruptions, refined products are severely oversupplied, crude demand is falling well short of product demand and key product demand is decelerating,” analysts at Morgan Stanley said in a note dated Sunday.

September West Texas Intermediate crude CLU6, +0.23% fell $1.06, or 2.4%, to settle at $43.13 a barrel on the New York Mercantile Exchange. That was the weakest settlement for a most-active contract since April 25, according to FactSet data. September Brent crude LCOU6, +0.42%  on London’s ICE Futures exchange fell 97 cents, or 2.1%, to $44.72 a barrel.

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Platinum Market Update : Epic Research Singapore

Other metals traded on Comex settled mixed. October platinum PLV6, -0.10%  ended flat at $1,088.40 an ounce, while September palladium PAU6, -0.80%  added $2.70, or 0.4%, to $688.75 an ounce. September copper HGU6, -0.18% slipped 1.9 cents, or 0.8%, to $2.217 a pound.

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Gold Market Update : Epic Research Singapore

Gold futures finished lower on Monday, extending losses from the previous session, as expectations for a U.S. Federal Reserve interest-rate increase later this year grow.

The Fed will conclude a two-day policy meeting Wednesday afternoon. While no monetary policy moves are expected, its statement will be watched closely for clues to future action.

Gold for August delivery on Comex GCQ6, -0.24%  fell $3.90, or 0.3%, to settle at $1,319.50 an ounce. Prices posted a second consecutive weekly loss on Friday as a stronger dollar and rising equities dulled its haven appeal. September silver SIU6, +0.02%  lost 4.2 cents, or 0.2%, at $19.647 an ounce.

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Oil Market Update : Epic Research Singapore

Oil futures lost more than 2% on Thursday, pressured by ample U.S. stockpiles of gasoline, as well as recent slowdowns in domestic crude production declines.

Meanwhile, prices for natural-gas recouped about half of what they lost a day earlier, after a U.S. government report revealed a weekly increase in supplies of the commodity that was below some market expectations.

September West Texas Intermediate crude CLU6, -1.09%  fell $1, or 2.2%, to settle at $44.75 a barrel on its first full trading day on the New York Mercantile Exchange as a front-month contract. The contract gained 0.7% on Wednesday. September Brent crude LCOU6, -1.00%  London’s ICE Futures exchange lost 97 cents, or 2.1%, to $46.20 a barrel.

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Silver Market Update : Epic Research Singapore

Meanwhile, September silver SIU6, -0.63% tacked on 20.2 cents, or 1%, to $19.815 an ounce to recoup about half of what it lost on Wednesday, when it ended at $
19.613—the lowest settlement since July 1, according to FactSet.

Among the exchange-traded funds, the SPDR Gold Trust GLD, -0.75%  was up 1.3% as of gold’s settlement, while the VanEck Vectors Gold Miners ETF GDX, -0.31%  gained 3.5%.

September copper HGU6, -1.00%  added a half a cent to $2.259 a pound, October platinum PLV6, -1.75%  climbed $16.50, or 1.5%, to $1,108 an ounce and September palladium PAU6, -0.01%  finished at $685.45 an ounce, up $9.45, or 1.4%.

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Gold Market Update : Epic Research Singapore

Gold futures managed to settle with a modest gain Thursday, during a rocky trading session that saw prices touch their lowest levels in about a month.

Weakness in the dollar and U.S. equities and expectations of accommodative central-bank policies combined to nudge gold prices higher.

August gold GCQ6, -0.67%  tacked on $11.70, or 0.9%, to settle at $1,331 an ounce. It saw a wide range of trading between a high of $1,332.30 and a low of $1,310.70, the weakest intraday price since June 23, according to FactSet data. It had settled Wednesday with a loss of 1% at $1,319.30. That close came just a day after gold marked its highest finish in nearly a week.

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Natural Gas Market Update : Epic Research Singapore

Back on Nymex, August gasoline RBQ6, +0.24%  fell nearly a penny, or 0.6%, to end at $1.355 a gallon, with futures prices at their lowest since March. August heating oil HOQ6, +0.39%  fell 3.5 cents, or 2.5%, to $1.371 a gallon.

August natural gas NGQ16, -0.71%  tacked on 3.4 cents, or 1.3%, to $2.692 per million British thermal units. The EIA said Thursday that supplies rose 34 billion cubic feet for the week ended July 15. That was below the average rise of 40 billion cubic feet expected by analysts polled by S&P Global Platts.

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Oil Market Update : Epic Research Singapore

Oil futures lost more than 2% on Thursday, pressured by ample U.S. stockpiles of gasoline, as well as recent slowdowns in domestic crude production declines.

Meanwhile, prices for natural-gas recouped about half of what they lost a day earlier, after a U.S. government report revealed a weekly increase in supplies of the commodity that was below some market expectations.

September West Texas Intermediate crude CLU6, +0.18%  fell $1, or 2.2%, to settle at $44.75 a barrel on its first full trading day on the New York Mercantile Exchange as a front-month contract. The contract gained 0.7% on Wednesday. September Brent crude LCOU6, +0.32%  London’s ICE Futures exchange lost 97 cents, or 2.1%, to $46.20 a barrel.

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Silver Market Update : Epic Research Singapore

Meanwhile, September silver SIU6, -0.10% tacked on 20.2 cents, or 1%, to $19.815 an ounce to recoup about half of what it lost on Wednesday, when it ended at $19.613—the lowest settlement since July 1, according to FactSet.

Among the exchange-traded funds, the SPDR Gold Trust GLD, +1.52%  was up 1.3% as of gold’s settlement, while the VanEck Vectors Gold Miners ETF GDX, +3.14%  gained 3.5%.

September copper HGU6, -0.51%  added a half a cent to $2.259 a pound, October platinum PLV6, -0.43%  climbed $16.50, or 1.5%, to $1,108 an ounce and September palladium PAU6, -0.23%  finished at $685.45 an ounce, up $9.45, or 1.4%.

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Gold Market Update : Epic Research Singapore

Gold futures managed to settle with a modest gain Thursday, during a rocky trading session that saw prices touch their lowest levels in about a month.

Weakness in the dollar and U.S. equities and expectations of accommodative central-bank policies combined to nudge gold prices higher.

August gold GCQ6, -0.28%  tacked on $11.70, or 0.9%, to settle at $1,331 an ounce. It saw a wide range of trading between a high of $1,332.30 and a low of $1,310.70, the weakest intraday price since June 23, according to FactSet data. It had settled Wednesday with a loss of 1% at $1,319.30. That close came just a day after gold marked its highest finish in nearly a week.

Gold held its early gains after the European Central Bank took expected inaction on interest rates but said it would keep up its bond-buying stimulus. The metal then took a dip lower and climbed again.

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Gasoline Market Update : Epic Research Singapore

On Nymex, August gasoline RBQ6, +0.18%  lost 1.2 cents, or 0.9%, to $1.364 a gallon, while August heating oil HOQ6, +0.27%  added 2.1 cents, or 1.5%, to $1.405 a gallon.

August natural gas NGQ16, -0.45%  ended at $2.658 per million British thermal units, down 7 cents, or 2.6%.

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Oil Market Update : Epic Research Singapore

Oil futures finished higher Wednesday, after data from the U.S. government revealed that crude stockpiles fell for a ninth week in a row, and by more than the market expected.

August West Texas Intermediate crude CLQ6, +0.45%  added 29 cents, or 0.7%, to settle at $44.94 a barrel on the New York Mercantile Exchange. The contract, which expired at Wednesday’s finish, was trading at $44.16 before the supply data. September WTI crude, which became the front-month contract, settled at $45.75, up 30 cents, or 0.7%.

September Brent crude LCOU6, +0.15% on London’s ICE Futures exchange rose 51 cents, or 1.1%, to $47.17 a barrel.

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Silver Market Update : Epic Research Singapore

Silver is correcting “more violently as gold, as the white metal historically trades more volatile than its yellow counterpart,” said Pantelis. “We don’t see precious metals entering a big correction, but mostly consolidation over the summer months, so this counts for silver too.”

Silver prices, which are supported by hedging and industrial-use demand, are still up about 5.1% month to date, while gold has seen a 0.2% decline for the month so far.

Based on the current gold/silver price ratio, Pantelis believes that the price of silver is still acting in favor of gold.

Meanwhile, September copper HGU6, +0.27%  fell just under a cent to $2.254 a pound. October platinum PLV6, -0.96%  shed $7.10, or 0.7%, to $1,091.50 an ounce. September palladium PAU6, -0.98%  added $19.60, or 3%, to $676 an ounce.

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