Seoul: Won rebounds on US dollar selling, stocks firmer

The South Korean won rebounded early on Tuesday as investors sold the greenback, taking profits after it strengthened sharply over the past two sessions.

The won was quoted at 1,118.5 as of 0206 GMT, up 0.7 per cent compared with Monday's close of 1,126.5.

"The won has been reacting to the dollar's movements most sensitively among Asian currencies recently, which would explain today's sharp rise," said Jeong My Young, a foreign exchange analyst at Samsung Futures.

She added that investors will turn their attention to a speech by Fed Chair Janet Yellen in Jackson Hole, Wyoming, later this week for the won's next moves, although direct hints about the US Federal Reserve's next policy move seems unlikely.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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Epic Research Singapore :Facebook Market News Update

Facebook Inc. FB +0.50% is getting ready to launch financial services, which would let people make payments and store their money via its social network, the Financial Times reported Monday. It is seeking regulatory approval in Ireland for the service, with a decision only weeks away, the FT said, citing people involved in the process. Under the plans, Facebook's "e-money" would be a claim against the company and be valid in Europe. Alongside this, the social-networking provider is looking into partnerships with London-based companies focused on online money transfers: TransferWise, Moni Technologies and Azimo, the report said. Facebook had not responded to a request for comment at time of writing. Facebook shares rose 0.1% ahead of the open.

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Epic Research Singapore : McDonald Market News Update

McDonald’s closes restaurants in Crimea

The three McDonald’s restaurants in Crimea, the Ukrainian peninsula that has been abruptly annexed by Russia, are now closed. The Ukrainian branch of McDonald’s, based in Kiev, said in a statement Thursday that they had been closed for technical reasons, perhaps referring to the difficulty of supplying your restaurants when they turn up in a foreign country overnight


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Epic Research Singapore : Facebook Market News Update

Facebook revealed on Thursday it has a lab working on using drones, satellites and solar-powered planes to provide web access around the world.

"We've been working on ways to beam Internet to people from the sky," Facebook co-founder and chief Mark Zuckerberg said in a post on the leading social network.

The team at the Connectivity Lab builds on a quest by Facebook-launched Internet.org to make access to basic online services available everywhere on the planet.

"Connecting the whole world will require inventing new technology too," Mr Zuckerberg said.

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Epic Research Singapore : U.S Market Update

The Standard & Poor’s 500 Index put on a furious 100-point rally from Feb. 3 through this morning’s highs. 
Technically, the S&P 500 Index SPX -0.65%  should find support near 1,810 (line drawn on the chart below). Also, there is support at the February lows, of course — at 1,740 or so. However, if the market declines far enough to test that support, it will involve a fairly large correction.
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Epic Research Singapore : Apple News Update

The typical reaction among the investing public on the news being revealed is to buy it. So, let's get this straight: Apple AAPL +0.24% buys its own shares $20 cheaper, and then the public gobbles it up on a gap-up of $10 after the fact. No, thank you.
The explanation offered by CEO Tim Cook is that Apple is betting on Apple. Well, that's great. With that much cash in the coffers, the company needs to bet on something other than the measly returns it gets from money markets nowadays. It smacks of the folks who lost most of their retirement money concentrating all their savings in the companies they worked for. A company goes under, and these people lose not only their jobs but their savings
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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 Singapore : SGX Market Update

According to a report by Bloomberg, ASX Ltd. (ASX) will hire staff for a new office in Singapore this year as Australia’s main exchange operator seeks to do more business with Asian hedge funds and proprietary traders.
“It will be a meaningful presence,” Peter Hiom, Sydney-based deputy chief executive officer at ASX, said in an interview Jan. 31, adding that the Singapore office will focus on derivatives products. “There’s an untapped opportunity for us in Southeast Asia.”
 
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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 : Hang Seng Update

Japan (Nikkei Average) down 1%
Hong Kong (Hang Seng Index) closed for holiday
Shanghai (Shanghai Composite Index) closed for holiday
Sydney (S&P/ASX 200) down 0.1%
Seoul (Kospi) down 0.6%
 
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Epic Research Singapore : Comex Market Update

Crude oil for March delivery CLH4 -0.35% 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 -0.08% , however, was little changed, adding 2 cents to trade at $106.42 a barrel. March natural gas NGH14 -2.39% 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

Oil futures fell on Friday and suffered a loss for the month as a recent selloff in emerging markets and weakness in U.S. equities raised worries about the prospects for energy demand. Natural-gas futures also fell for the session, but scored a hefty gain for the month as severe cold spiked demand for the heating fuel. March crude CLH4 -0.84% settled at $97.49 a barrel on the New York Mercantile Exchange, down 74 cents, or 0.8% for the day. It gained 0.9% for the week but lost roughly 0.9% for the month. March natural gas fell 7 cents, or 1.4%, to settle at $4.94 per million British thermal units. It fell 1.1% for the week and rallied about 18% for the month.  

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Epic Research Singapore : Forex Market Update

The Australian dollar AUDUSD -0.44% declined 0.6% against the greenback, buying 87.49 compared with 87.88 cents late Thursday. On the radar for the Aussie is China’s official manufacturing-sector report for January, due over the weekend. This week, HSBC’s final version of the China manufacturing Purchasing Managers’ Index confirmed a contraction for the sector.  

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Epic Research Singapore : Forex Market Update

Against the yen, the greenback USDJPY -0.69% fell 0.7% to ¥102.04 from ¥102.72, as the Japanese currency gained on positive data. Japanese consumer prices rose at their fastest pace in over five years, adding to optimism that the country could finally end deflation. The core consumer price index rose 1.3% in December, compared with a year earlier. The yen rose 2.9% against the dollar in January, the biggest rise since April 2012.  

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Epic Research Singapore : Google Market Update

Namely, its Class A common shares GOOG -0.07%  , which are traded publicly every day.
Remember when Apple’s AAPL +0.08%  market cap was more than $600 billion, and bulls said it was going to $1 trillion? It’s now at $450 billion. 
 
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Epic Research Singapore : U.S Market Update

Extending earlier losses, futures for the Dow Jones Industrial Average DJH4 -0.93%  fell 160 points, or 1%, to 15,574, while futures for the Standard & Poor’s 500 index SPH4 -0.24%  dropped 17 points, or 1%, to 1,764.20. Strategists have been focusing on the 1,770 level as key support for that index. Futures for the Nasdaq-100 index NDH4 -0.36%  fell 15.5 points, or 0.4%, to 3,486.50.  

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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 : U.S Market Update

Futures for the Dow Jones Industrial Average DJH4 -0.14%  rose 58 points to 15,755, while the Standard & Poor’s 500 index SPH4 -0.14%  rose 7.6 points to 1,778.80. Futures for the Nasdaq-100 index NDH4 +0.50%  rose 21.25 points, or 0.6% to 3,495.25.  

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