Showing posts with label recommendations. Show all posts
Showing posts with label recommendations. Show all posts

Thursday, February 6, 2014

Epic Research Singapore : Forex Market Update

Japan’s Nikkei Stock Average rose 0.3% to 14216.17, getting a boost from a weaker yen. The Japanese currency was trading at ¥101.50 to the U.S. dollar in early Asian trade, from ¥101.35 late Wednesday in New York. Australia’s S&P/ASX 200 rose 1% to 5120.60 while Korea’s Kospi gained 0.8% to 1906.45.  

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Wednesday, February 5, 2014

Epic Research Singapore : Twitter Update

Twitter Inc. will post its first financial report as a publicly-traded company this week, on the heels of a rally in social media shares sparked by Facebook and Google’s upbeat reports last week.
But Twitter TWTR -0.24%  will also report at a time when analysts have grown more cautious, arguing that the stock has become overvalued, especially after a steady runup since the San Francisco company’s initial public offering in November.  

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Monday, February 3, 2014

Epic Research Singapore : STI

Singapore shares hit their lowest in five months on Monday, pressured by concerns over a slowdown in China’s economy after growth in the country's services sector slowed to a five-year low in January.

The benchmark Straits Times Index fell for a third consecutive session, and was down 1% at 2,995.5 by 1 pm, the lowest since Aug. 28, 2013. MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.3% lower.

China’s official non-manufacturing Purchasing Managers’ Index (PMI) fell to 53.4 in January from December's 54.6, putting further strains on the market, as pressures from the massive sell-off in emerging markets show little sign of abating.

 
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Epic Research Singapore : Forex Market Update

The euro EURUSD +0.07% was little changed at $1.3491, compared to $1.3489 at the end of the previous week, while the British pound GBPUSD -0.01% inched lower to $1.6424 from $1.6443. The Japanese yen USDJPY +0.13% traded flat after losing hold of some brief gains, with the dollar changing hands at ¥102.08 versus Friday's ¥102.04. The Australian dollar AUDUSD -0.05% saw a fractional loss after a spate of weak data, easing to 87.44 U.S. cents from 87.49 U.S. cents.
 
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Epic Research : SGX Update

SGX CNX Nifty Index futures for February delivery declined 0.5 percent to 6,075.5 at 11:01 a.m. in Singapore. The underlying CNX Nifty Index on the National Stock Exchange of India Ltd. rose 0.3 percent to 6,089.50 on Jan. 31. The S&P BSE Sensex (SENSEX) gained 0.1 percent to 20,513.85, snapping five days of losses. The Bank of New York Mellon India ADR Index of U.S.- traded shares lost 0.9 percent.
 
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Epic Research Singapore : Nikkei Stock

The Nikkei Stock average lost 2.0% to end at 14619.13. That's well down from final day of 2013 trading, when the index hit a six-and-a-half year peak.

Japan share trading action typically reflects both the dollar and prior Wall Street indexes, and so Friday's U.S. share selloff following poor earnings reports from Amazon.com AMZN -11.00% and Chevron CVX -4.14% —combined with a selloff in the dollar—hurt the market, say traders.

As of the close of trading on the Tokyo Stock Exchange, the dollar was changing hands at ¥102.16.  


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Epic Research Singapore : Comex Market Update

New York-traded oil and natural-gas futures lost ground in electronic trade Monday, with a slightly firmer U.S. dollar among the factors weighing on the contracts. Benchmark U.S. crude oil for March delivery CLH4 -0.42% fell 21 cents, or 0.2%, to $97.28 a barrel, extending a 0.8% retreat Friday on the New York Mercantile Exchange. Brent crude for March UK:LCOH4 0.00% , however, was little changed, adding 2 cents to trade at $106.42 a barrel. March natural gas NGH14 -2.35% extended its sharp downward trend, losing 11 cents, or 2.3%, to $4.83 per million British thermal units, with the loss coming on top of a 1.4% drop Friday

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Epic Research Singapore : Comex Market Update

Gold and other precious-metal futures moved modestly higher in electronic trade Monday, rebounded from mild losses recorded on Friday. Gold for April delivery GCJ4 +0.51% advanced by $5.40, or 0.4%, to $1,245.20 an ounce, erasing a 0.2% loss in Friday's New York Mercantile Exchange session. March silver SIH4 +0.13% improved by 2 cents, or 0.1%, to $19.14 an ounce after suffering a fractional loss of less than a cent in the previous session. April platinum PLJ4 +0.91% advanced $12, or 0.9%, to $1,387.70 an ounce, while March palladium PAH4 +0.41% rose $3, or 0.4%, to $706.20 an ounce. March copper HGH4 -0.14% inched down by less than a cent, losing 0.1% to trade at $3.19 a pound.

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Epic Research Singapore : U.S Market Update

Japan share trading typically reflects both the dollar and prior Wall Street indexes, and so Friday’s U.S. share selloff following poor earnings reports from Amazon.com and Chevron--combined with a selloff in the dollar--hurt the market.

The dollar fell under the ¥102 level, but has since rebounded somewhat to the ¥102.30 mark.  


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Saturday, February 1, 2014

Epic Research Singapore : U.S Market Update

The S&P 500 index SPX -0.65%  is barely hanging on to positive territory for the week, and looking at a close-to-3% drop for the month.  
The losses for stock futures come a day after Wall Street indexes recouped nearly all the territory lost since the start of the week. The Nasdaq Composite COMP -0.47%  nailed its best gain since Oct. 10 on Thursday, boosted by upbeat earnings from Facebook Inc. FB +0.34% . 

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Friday, January 31, 2014

Epic Research Singapore : Facebook Update

Facebook FB -0.18%  surged 18.4% in premarket trade after its quarterly results topped Wall Street‘s consensus.

Shares of Google Inc. GOOG +4.15%  rose 2.5% after the bell on Wednesday following the company’s announcement that it will sell its Motorola Mobility phone-hardware unit to Lenovo Group Ltd. HK:992 -8.21%   Google reports results after the closing bell.  


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Epic Research Singapore : Forex Market Update

Japanese stocks advanced in early trade Friday, with the export-oriented market aided in part by easing in the yen USDJPY -0.20% against the U.S. dollar. The Nikkei Stock Average JP:NIK -1.03% rose 0.7% to 15,116.9, but faced a weekly loss of 1.8%. The broader Topix in early trade was up 0.6%. Standing out were shares of NEC Corp. JP:6701 +8.89% NIPNF -7.27% , rallying 9.3% after the company said it plans to book ¥27 billion ($262.7 million) gain in the fiscal year ending March on the sale of its Internet services operations Biglobe Ltd. to Japan Industrial Partners. Also climbing were shares of Fujitsu Ltd. JP:6702 +10.55% FJTSY +5.22% , up 8.2% after the company swung to a third-quarter profit of ¥12 billion.  

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Epic Research Singapore : Yahoo Inc.

Yahoo Inc. YHOO -0.09%  shares were off by 0.9% at $34.98 after the search company took to its Tumblr blog to announce that hackers had tried to break into an undisclosed number of email accounts through a coordinated effort. 
 Zynga Inc. ZNGA +17.42%  shares jumped 20% to $4.28 after the online game company said it would cut 15% of its workforce and announced it would buy mobile gaming company NaturalMotion for $527 million. The stock was the most-actively traded in the after-hours session with more than 11.3 million shares exchanging hands.

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Epic Research Singapore : Google Market Update

Google GOOG +4.15%  shares rose 4.2% to $1,183 on heavy volume, with much of that boost coming as the Q&A period on the company’s earnings conference call started. Read MarketWatch’s blog covering Google’s analyst call.  
 Google shares closed up 2.6% Thursday, charged by the late Wednesday announcement that the company is selling Motorola to Lenovo.

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Epic Research : Amazon Update

Shares of Amazon AMZN -4.47%  — at one point in the after-hours session down as 12% — declined 4.7% at $389 on heavy volume. The company reported fourth-quarter earnings of 51 cents a share on revenue of $25.59 billion. Analysts polled by FactSet expected 74 cents a share on revenue of $26.05 billion.  

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Thursday, January 30, 2014

Epic Research Singapore : Forex Market Update

The dollar USDJPY +0.24%  fell to ¥102.19 from ¥103.33 level late Tuesday. The yen is likely to strengthen against the dollar as turmoil in emerging markets continues, according to a note from Bank of America Merrill Lynch. 

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Epic Research Singapore : U.S Market Update

Wall Street finished Tuesday’s session with the best gains in two weeks. The S&P 500 closed up 0.6% to 1,792.50, and the Dow industrials DJIA -1.19%  ended the session up 0.5% to 15,928.56, breaking a five-day skid. Turkey is the tree — U.S. growth slowing is the new forest. New-home sales and new orders were nasty slowdowns,” said McCullough.

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Wednesday, January 29, 2014

Epic Research Singapore : Comex Market Update

Gold for February delivery GCG4 +0.21%  in electronic trade was up $2.80, or 0.2%, to $1,252.80 an ounce. March silver SIH4 +0.42%  added 6 cents, or 0.3%, to $19.56 an ounce. A day earlier, gold futures made it two sessions in a row in the red, as improving consumer confidence helped boost equities.  

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Epic Research Singapore : Comex Market Update

Natural-gas futures on Tuesday recouped much of what they lost a day earlier, as severe cold weather and expectations for more ahead raised concerns over U.S. supplies of the heating fuel. Oil futures, meanwhile, rallied too ahead of the week's updates on U.S. petroleum supplies. February natural gas NGG14 -1.53% added 19 cents, or 3.8%, to settle at $5.03 per million British thermal units after losing 6.5% on Monday. March crude CLH4 -0.11% finished up $1.69, or 1.8%, at $97.41 a barrel.
 
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Epic Research Singapore : Comex Market Update

Crude futures on the New York Mercantile Exchange also gained, outperforming the rise in Brent crude as traders waited for weekly petroleum-supply data that is expected to show a steep drawdown in distillate inventories.  
 As of the week ended Jan. 17, working gas in storage totalled 2.423 trillion cubic feet, according to the U.S. Energy Information Administration, down about 13% from the five-year average. 

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