Stocks Edge Higher After Fed Minutes

U.S. stocks rose slightly after minutes from the Federal Reserve’s July meeting shed little light on when the central bank might next raise interest rates.

The minutes showed Fed officials are seeking to keep their options open, with some of them wanting a rate increase but others pushing for more information.

The Dow Jones Industrial Average rose 21.92 points, or 0.1%, to 18573.94, reversing earlier losses. The S&P 500 added 4.07 points, or 0.2%, to 2182.22 and the Nasdaq Composite rose 1.55 points, or less than 0.1%, to 5228.66.

All three indexes are hovering near records, confounding some traders and analysts.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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Natural-gas futures pare gains after EIA says U.S. supplies up 29 billion cubic feet

Natural-gas futures pared their gains to trade nearly flat on Thursday after the U.S. Energy Information Administration reported that supplies of the commodity rose 29 billion cubic feet for the week ended August 5. That was above the average rise of 25 billion cubic feet expected by analysts polled by S&P Global Platts. Total stocks now stand at 3.317 trillion cubic feet, up 361 billion cubic feet from a year ago and 440 billion cubic feet above the five-year average, the government said. September natural gas NGU16, -0.78% traded nearly flat at $2.563 per million British thermal units, barely changed from Wednesday's settlement of $2.561. It traded higher at $2.572 before the data.

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Gold finishes lower as stocks rally, dollar strengthens

Gold futures surrendered earlier gains to finish lower on Thursday as strength in the U.S. stock market and the dollar offset support from a report showing strong investment demand for precious metals in the first half of 2016.

December gold GCZ6, -0.31% fell $1.90, or 0.1%, to settle at $1,350 an ounce. Prices had traded lower early Thursday, turned higher, then fell back again near the settlement time, trading inversely to moves in the U.S. dollar. Silver for September delivery SIU6, +0.12% finished at $20.02 an ounce, up 15 cents, or 0.7%.

Earlier Thursday, gold appeared to be “gaining support from investors who do not believe in the stock market’s rally,” said Michael Armbruster, principal and co-founder at Altavest, told MarketWatch.

But “a simultaneous rally in gold and the stock market” was not likely to persist, he said. “It looks like gold blinked today, but our outlook over coming weeks is still pointed higher. We can’t help but remain skeptical of the stock market’s rally.”

Industry data released overnight showed underlying demand for gold in the face of scant yield in other so-called safety investments.

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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 MARKET CLOSING UPDATE OF 27th JULY'2016

Singaporeshares close 0.3 per cent up




Singapore equities ended 0.3 per cent higher on Wednesday, with the Straits Times Index gaining 8.05 points to 2,941.49.




Volume was relatively weak, though. About 991.1 million shares worth S$818.5 million in total changed hands, which worked out to an average unit price of S$0.83 per share.




The most actively traded counter was Annica Holdings, which was flat at S$0.001 with 252.5 million shares changing hands. Other actives included CNMC Goldmine and Noble Group.




Gainers outnumbered losers 212 to 182, or about seven up for every six down.
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Epic Research Singapore : Comex Market Update

Mexican precious metal miner Fresnillo PLC (FRES.LN) Wednesday reported a rise in silver production for the first quarter ending March 31 after more ore was processed and said it's on track to meet 2014 production targets. 

Silver production was 10.4 million ounces for the quarter, up 3.5% from the same period a year ago, while gold production fell 29.7% to 82,653 ounces due to mine closures. 

The company said it's on track to produce 43 million ounces of silver in 2014 and 450,000 ounces of gold.

Shares closed Tuesday at 902 pence valuing the company at GBP6.6 billion ($11 billion).

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