The U.S. currency USDJPY +0.37% bounced up to 103.27 yen from ¥102.83. The dollar in recent sessions had dropped against its Japanese counterpart but found some relief Tuesday after Turkey’s central bank raised its overnight lending rate to 12% from 7.75%. The move was made in an emergency meeting of policy makers in the wake of an accelerating slide in Turkey’s lira against the dollar. 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
Standard & Poor's Ratings Services on Tuesday lowered Ukraine's long-term foreign currency sovereign rating to CCC+ from B- and its short-term rating to C from B. "The downgrade reflects our view that the significant escalation of the political turmoil in Ukraine makes the expected financial support package from Russia less certain should the government of President Yanukovych fall," said S&P in a statement. Ratings in the CCC category are generally viewed as poor quality with likelihood of default. The outlook on the ratings is negative. 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
Futures for the Nasdaq-100 index NDH4 +0.49% fell 14.25 points, or 0.3%, to 3,488.75, while the Dow industrials futures DJH4 +0.41% were up 46 points, or 0.3%, to 15,833. Futures for the S&P 500 index SPH4 +0.49% were up 3.4 points, or 0.2% to 1,779.10. 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
The S&P 500’s SPX -0.49% biggest company AAPL -8.08% is generating buzz among value investors, especially after the brutal reaction to Monday’s earnings report.
Apple shares were down 7.5% to $505.89 after-hours, denting Nasdaq 100 futures, and sending ETFs that contained a big chunk of Apple — including the Technology Select Sector SPDR XLK -0.86% — down 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
Investors were unsure about how Monday’s session will go. On Friday, the Dow Jones Industrial Average DJIA -0.26% lost 2%, or 318 points, in its worst one-day percentage fall since June 20. For the week, a 3.5% loss marked the worst decline since Nov. 25, 2011. The S&P 500 index SPX -0.49% shed 2.6% on the week, and the Nasdaq Composite Index COMP -1.08% dropped 1.7%. 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
The Asian markets are tumbling on concerns that a reduction in the U.S. central bank’s stimulus efforts may trigger capital outflows. Amid a sell-off in emerging market assets, investors are seeking safety in U.S. Treasuries, the Japanese yen and gold. Gold rallied to a two-month high, extending its longest run of weekly gains since September 2012, while the yen climbed to a seven-week high against the dollar.
China’s Shanghai Composite is down 0.9 percent, Hong Kong’s Hang Seng is losing 2.1 percent, Indonesia’s Jakarta Composite index is tumbling 2.7 percent, Japan’s Nikkei index is declining 2.5 percent and South Korea’s Kospi is down 1.7 percent. The Australian market is closed for a public holiday. 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
“The first mover advantage is very important in the ETF market,” he said. But Nadig said FXI in some ways has the “most naive” approach to China. He likened the large-cap ETF to the Dow Jones Industrial Average DJIA , which is well known, but far from the only benchmark that pros use to track U.S. stocks.
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
Singapore Exchange (SGX) will introduce the so-called circuit breakers, so as to protect investors from the fluctuating stock market.
The circuit breakers will come into effect from 24 February, and is applicable to Straits Times Index (FSSTI), MSCI Singapore Index members and all securities priced from 50 Singapore cents. The circuit breakers will be triggered when a stock edges up or down by more than 10% from at least five minutes earlier, resulting in a five-minute period where trading will be restricted. 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
Meanwhile, the Australian dollar AUDUSD +0.23% rose modestly to 87.15 U.S. cents from Friday’s 87.03 U.S. cents. The greenback on Monday bought 2.3251 Turkish lira USDTRY -0.35% , easing from 2.3376 lira on Friday, when the dollar recorded its 10th consecutive win against the currency. The lira has been dogged by a government corruption scandal that’s prompted mass protests calling for the resignation of Prime Minister Recep Tayyip Erdogan. 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
The dollar USDJPY +0.21% hit a low of ¥101.73 during Asian trading hours, according to FactSet data, a pullback from ¥102.24 late Friday in North America. The dollar later reversed course, buying ¥102.43. Following last week’s 1% gain for the euro versus the dollar, the euro EURUSD +0.03% extended its advance Monday, trading at $1.3683 compared with $1.3676 late Friday. The British pound GBPUSD +0.05% , meanwhile, was on par with Friday’s level around $1.6502. The pound last week temporarily broke above the $1.66 mark for the first time since May 2011. 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
Weighing on techs, shares of Apple Inc. AAPL +0.21% were pointing lower in thin premarket trade. Rival Samsung Electronics Co. KR:005930 +0.62% forecast a weak first half after fourth-quarter earnings showed a sharp slowdown in growth. See Will Samsung outlook spook or rally Apple investors? 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
SHARES in Singapore finished lower yesterday, despite firm performance of other Southeast Asian markets.
The key Straits Times Index ended 33.5 points, or 1.07 per cent, lower to to 3100.24.
The FTSE ST Mid Cap Index declined 0.70 per cent, while the FTSE ST Small Cap Index eased 0.87 per cent. Among the actives, DBS fell 1.81 per cent and UOB eased 0.34 per cent.
The outperforming sector, the FTSE ST Utilities Index, was up 0.07 per cent. Its biggest stocks, Hyflux and HanKore, closed 0.86 per cent higher and unchanged, respectively. 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
Shares of Microsoft rose 4% to $37.51 on very heavy volume after the company reported adjusted fiscal second-quarter earnings of 78 cents a share on revenue of $24.52 billion, while analysts surveyed by FactSet expected 68 cents a share on revenue of $23.66 billion. Investors keen to hear whether Microsoft has made progress in naming a successor to Chief Executive Steve Ballmer were disappointed. Analysts on the company’s conference call didn’t ask anything about Ballmer’s replacement. Read our live blog of the call. 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
Shares of IBM IBM -0.09% could be active after Lenovo Group Ltd. HK:992 +2.71% announced a $2.3 billion cash-and-stock deal for the company’s low-end server business. IBM was a drag for the Dow industrials DJIA -1.08% on Wednesday after disappointing results, though markets overall managed a mostly higher close. Click Here To Register For Free Trial Services
OR
Give A Missed Call : +6531581402
Follow Us On Twitter : www.twitter.com/epicresearchsg
Like Us On Facebook : www.facebook.com/EpicResearchSingapore
Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
EBay Inc. EBAY +0.29% posted a 13% sales gain, due in part to a 19% rise at its PayPal unit. Its shares jumped 7.5% in after-hours trading. The online marketplace said Carl Icahn, who holds an 0.8% interest in eBay, is pushing for it to spin off its payments arm PayPal into a separate company. Click Here To Register For Free Trial Services
OR
Give A Missed Call : +6531581402
Follow Us On Twitter : www.twitter.com/epicresearchsg
Like Us On Facebook : www.facebook.com/EpicResearchSingapore
Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
SINGAPORE: The Singapore Exchange (SGX) posted a two per cent on-year drop in its second quarter net profit at S$ 75 million, a shade lower than market expectations.
At an earnings briefing, SGX said the securities market had a challenging quarter due to lower participation by both retail and institutional investors.
Revenue from the securities business fell 13 per cent to S$ 52.2 million for the quarter ended 31 December 2013.
The decline was offset by growth in the derivatives business which rose 16 per cent to S$ 52.5 million.
The securities and derivatives businesses each contributed to 32 per cent of total revenue — the first quarter that they came in on par.
SGX said the total traded value for securities was 18 per cent lower at S$ 64.1 billion. Meanwhile, the total volumes for derivatives grew 18 per cent to 26.3 million contracts.)
Total revenue for the second quarter was up two per cent on-year at about S$ 165 million.
SGX CEO Magnus Bocker added that the Catalist market has also performed well.
“You will see that the traded value on our mainboard was down 22 per cent compare to the average of 18 per cent, while the Catalist market was actually up 141 per cent. Catalist now represents eight per cent of our total market compare to 2.5 per cent a year ago,” he said.
“If you look at the velocity, that is to say the market cap versus the turnover for our Catalist companies, it is significantly higher than the turnover velocity for our mainboard listed companies so it is a very attractive platform. 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
Gold for February deliver GCG4 -0.32% dipped $5.30, or 0.4%, to $1,233.50 an ounce. March silver SIH4 -0.55% lost 13 cents, or 0.7%, to $19.71 an ounce. There hasn’t been much in the way of economic data to push and pull gold prices, but that could change on Thursday, with weekly jobless claims, the Markit “flash” U.S. PMI, existing home sales and leading indicators all set to be reported. Read: Spotlight on the economy . 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
Wall Street stocks finished mostly higher on Tuesday, but earnings misses dragged on the Dow industrials DJIA -0.25% , which ended down 0.3%. The S&P 500 SPX +0.06% firmed 0.3%, breaking a two-day losing streak. The best performance came from the Nasdaq Composite COMP +0.41% , which rose 0.7%, led by a rally in Apple Inc. AAPL +0.27% 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
Futures for the Dow Jones Industrial Average DJH4 -0.47% fell 31 points to 16,324, while those for the Standard & Poor’s 500 index SPH4 -0.34% eased 1.4 points to 1,837. Futures for the Nadsaq 100 index NDH4 -0.17% were up 2.75 points to 3,612.25. Weighing on blue chips premarket, shares of IBM IBM +0.22% skidded 3.5% after the company delivered fourth-quarter revenue and a full-year earnings outlook late Tuesday that fell short of Wall Street hopes. 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
Among the petroleum products traded on Nymex Tuesday, February gasoline RBG4 +0.48% closed nearly flat at $2.62 a gallon, while February heating oil pulled back from an earlier rally to finish at $3.015 a gallon, down almost a penny.
February natural gas NGG14 +0.90% rallied by 10.5 cents, or 2.4%, to end at $4.43 per million British thermal units. Prices saw their highest close since late December , according to FactSet data tracking the most-active contracts. 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
