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CMC Markets
CMC Markets is a leading global provider of Contracts For Difference (CFDs) and Foreign Exchange (FX). Founded in 1989, the company serves over 75,000 clients worldwide. In 2012, CMC Markets executed over 33m trades with a value of more than £1.2tr. With 13 offices around the world - in major markets such Australia, United Kingdom, Germany and Spain – CMC Markets has been active in Singapore from its Raffles Place office since 2007. Committed to raising industry standards through innovation in the way people invest in financial markets, CMC Markets Singapore offers a wide range of global CFD products, such as Shares, Forex, Commodities, Indices, Treasuries and Forwards CFD.

No. of Articles : 205
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thumb - Asian shares rise on signs central banks may help if chaos after greece polls

US Stocks Continue To Inch Higher With Data

Themes to note: US stocks finished at fresh records once again overnight, inching higher as upbeat data in the US overshadowed growth concerns abroad Energy stocks led gains as crude oil rebounded for the first time in four days with expectations that OPEC will take action to curb a sell-off in oil prices when they [...]

  • 21 November 2014
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    Market Commentary

    Fed Minutes Underline Inflation Concerns

    Themes to note: US stocks fell overnight after minutes from the Fed underlined concerns surrounding a possible decline in longer-term inflation expectations, as demand wanes globally This was further supported by recent GDP figures out of Japan and Europe which have declined considerably, weighing on global growth forecasts The consumer sector led gains ahead of [...]

  • 20 November 2014
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    Market Commentary

    US Markets Rally On M&A

    Themes to note: US markets eked out slight gains overnight as M&A deals in the US overshadowed concerns of a recession in Japan Baker Hughes has agreed to be acquired by Halliburton which will see to the merger of two of the largest energy services in the world The consolidation follows a slump in oil [...]

  • 18 November 2014
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    Market Commentary

    Hong Kong Stock Connect Launches

    Themes to note: US stocks were little changed going into the weekend despite an upbeat retail sales report and strong consumer sentiment, hinting at signs of investor anxiety as the S&P 500 went on to hit its 41st record closing this year Declining oil prices and a strong rally in equity markets meant the average [...]

  • 17 November 2014
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    Market Commentary

    Volatility To Step Up As Key Events Unravel Today

    Themes to note: The lull in US equity markets was short lived as better-than-expected earnings led stocks higher, leaving benchmark indices near record levels The S&P500 fell a point short of a new record while the Dow went on to close at a fresh record due to an outperformance by Walmart, which rose 4.7 percent [...]

  • 14 November 2014
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    Market Commentary

    Investors Eye Walmart As Earnings Season Peters Out

    Themes to note: Stocks in the US halted an advance following five straight days of record closing in the absence of market data to support current valuations Concerns over Europe spilled over into the US session as well, after the Bank of England lowered its growth and inflation forecast for the next six months, citing [...]

  • 13 November 2014
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    Market Commentary

    US Stocks Extend Gains Amid Quiet Session

    Themes to note: US equities continued a record-breaking streak overnight, rising for the fifth straight session to clinch yet another record close Gains were limited, however, with light trading activity on Veterans Day, with bond markets closed Investors were also holding back on decisions as they await key data to justify current lofty levels on [...]

  • 12 November 2014
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    Market Commentary

    Dollar Bulls Return On Lower Levels

    Themes to note: Equities in the US edged higher amid a quiet calendar as investors await key data at the end of the week, which is expected to show a rebound in retail sales in the US. Benchmark indices in the US continue to break boundaries, with the Dow setting a new record close, after [...]

  • 11 November 2014
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    Market Commentary

    Mostly Light Calendar Until Eurozone GDP And US Retail Sales

    Themes to note: US equities inched up on Friday finding little headway, as investors paused to reassess current levels and indices snatched another record. Friday’s rally was supported by data which showed the lowest jobless rate in more than six years, further reinforced by an uptick in the participation rate. Although the headline NFP figures [...]

  • 10 November 2014
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    Market Commentary

    Jobless Data Stack Odds In Favour Of A Positive NFP

    DJIA (Close 06/11): 17,554.47, (0.40%) S&P 500 (Close 06/11): 2031.21, (0.38%) STI (Close 06/11): 3290.96, (0.10%) EUR/USD (price at 8am SGT): 1.2380 (Change since 06/11/14 6pm SGT -1.04%) USD /JPY (price at 8am SGT): 115.19 (Change since 06/11/14 6pm SGT 0.53%) AUD /USD (price at 8am SGT): 0.8562 (Change since 06/11/14 6pm SGT -0.59%) Themes [...]

  • 07 November 2014
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    Market Commentary

    Energy Sector Saps Gains From S&P 500

    DJIA (Close 04/11): 17,383.52, (0.10%) S&P 500 (Close 04/11): 2012.00, (-0.29%) STI (Close 04/11): 3281.57, (-0.28%) EUR/USD (price at 8am SGT): 1.2551 (Change since 04/11/14 6pm SGT 0.22%) USD /JPY (price at 8am SGT): 113.51 (Change since 04/11/14 6pm SGT 0.40%) AUD /USD (price at 8am SGT): 0.8745 (Change since 04/11/14 6pm SGT -0.07%) Themes [...]

  • 05 November 2014
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    Market Commentary

    RBA Meeting And Mid Term Elections In Focus

    DJIA (Close 03/11): 17,366.24, (-0.14%) S&P 500 (Close 03/11): 2,017.81, (-0.01%) STI (Close 03/11): 3,290.84, (0.51%) EUR/USD (price at 8am SGT): 1.2491(Change since 03/11/14 6pm SGT 0.00%) USD /JPY (price at 8am SGT): 113.70(Change since 03/11/14 6pm SGT 0.23%) AUD /USD (price at 8am SGT): 0.8689(Change since 03/11/14 6pm SGT -0.62%) Themes to note: US [...]

  • 04 November 2014
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    Market Commentary

    Markets Test Ride Without Stimulus Stabilisers

    DJIA (Close 29/10): 16,974.31, (-0.18%) S&P 500 (Close 29/10): 1982.30, (-0.14%) STI (Close 29/10): 3224.03, (0.39%) EUR/USD (price at 8am SGT): 1.2631(Change since 29/10/14 6pm SGT -0.85%) USD /JPY (price at 8am SGT): 108.83(Change since 29/10/14 6pm SGT 0.85%) AUD /USD (price at 8am SGT): 0.8768(Change since 29/10/14 6pm SGT -1.21%) Themes to note: In [...]

  • 30 October 2014
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    Market Commentary

    US Stocks Reverse Into The Green For The Month

    DJIA (Close 28/10): 17,005.75, (1.12%) S&P 500 (Close 28/10): 1985.05, (1.19%) STI (Close 28/10): 3211.65, (-0.45%) EUR/USD (price at 8am SGT): 1.2737(Change since 28/10/14 6pm SGT 0.29%) USD /JPY (price at 8am SGT): 108.12(Change since 28/10/14 6pm SGT 0.12%) AUD /USD (price at 8am SGT): 0.8860(Change since 28/10/14 6pm SGT 0.35%) WTI Crude (price at [...]

  • 29 October 2014
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    Market Commentary

    Investors Hold Off Ahead Of Key Events

    DJIA (Close 27/10): 16,817.74, (0.07%) S&P 500 (Close 27/10): 1961.58, (-0.15%) STI (Close 27/10): 3226.11, (0.11%) EUR/USD (price at 8am SGT): 1.2702 (Change since 27/10/14 6pm SGT 0.15%) USD /JPY (price at 8am SGT): 107.84 (Change since 27/10/14 6pm SGT 0.03%) AUD /USD (price at 8am SGT): 0.8805 (Change since 27/10/14 6pm SGT -0.06%) WTI [...]

  • 28 October 2014
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    Market Commentary

    Fed Meeting And US GDP In Focus This Week

    DJIA (Close 24/10): 16 805.80, (0.77%) S&P 500 (Close 24/10): 1964.55, (0.70%) STI (Close 24/10): 3222.55, (-0.43%) EUR/USD (price at 8am SGT): 1.2676(Change since 24/10/14 6pm SGT 0.33%) USD /JPY (price at 8am SGT): 108.18(Change since 24/10/14 6pm SGT -0.05%) AUD /USD (price at 8am SGT): 0.8804(Change since 24/10/14 6pm SGT 0.45%) Themes to note: [...]

  • 27 October 2014
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    Market Commentary

    Asian Markets Torn Between US Gains And Ebola

    DJIA (Close 23/10): 16 677.26, (1.31%) S&P 500 (Close 23/10): 1950.77, (1.59%) STI (Close 23/10): 3265.50, (1.05%) EUR/USD (price at 8am SGT): 1.2649(Change since 23/10/14 6pm SGT -0.04%) USD /JPY (price at 8am SGT): 108.16(Change since 23/10/14 6pm SGT 0.41%) AUD /USD (price at 8am SGT): 0.8754(Change since 23/10/14 6pm SGT -0.59%) Themes to note: [...]

  • 24 October 2014
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    Market Commentary

    Chinese Manufacturing Data Inches Up

    DJIA (Close 22/10): 16 461.32, (-0.92%) S&P 500 (Close 22/10): 1927.11, (-0.73%) STI (Close 22/10): 3202.74, (0.68%) EUR/USD (price at 8am SGT): 1.2641(Change since 22/10/14 6pm SGT -0.38%) USD /JPY (price at 8am SGT): 107.15(Change since 22/10/14 6pm SGT 0.16%) AUD /USD (price at 8am SGT): 0.8765(Change since 22/10/14 6pm SGT -0.22%) Themes to note: [...]

  • 23 October 2014
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    Market Commentary

    It’s All About China Today

    Price moves to note: DJIA (Close 20/10): 16,399.67(0.12%) S&P 500 (Close 20/10): 1903.99 (0.91%) STI (Close 20/10): 3181.05 (0.42%) EUR/USD (price at 8am SGT): 1.2794 (Change since 20/10/14 6pm SGT 0.17%) USD /JPY (price at 8am SGT): 106.89 (Change since 20/10/14 6pm SGT -0.17%) AUD /USD (price at 8am SGT): 0.8776 (Change since 20/10/14 6pm [...]

  • 21 October 2014
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    market commentary

    Markets Bounce On US Earnings, Data And Technicals

    DJIA (Close 17/10): 16,378.67, (1.61%) S&P 500 (Close 17/10): 1886.64, (1.28%) STI (Close 16/10): 3167.73, (0.43%) EUR/USD (price at 8am SGT): 1.2747(Change since 17/10/14 6pm SGT -0.54%) USD /JPY (price at 8am SGT): 107.15(Change since 17/10/14 6pm SGT 0.59%) WTI (price at 8 am SGT): 83.42 (Change since 17/10/14 6pm SGT -0.41%) Themes to note: [...]

  • 20 October 2014
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    market commentary

    It’s Hammer time! Can’t Touch This, Not

    DJIA (Close 16/10): 16 113.38, (-0.18%) S&P 500 (Close 16/10): 1862.59, (0%) STI (Close 16/10): 3154.21, (-0.42%) EUR/USD (price at 8am SGT): 1.2804(Change since 16/10/14 6pm SGT 0.50 percent) USD /JPY (price at 8am SGT): 106.43(Change since 16/10/14 6pm SGT 0.58 percent) WTI (price at 8 am SGT): 83.20 (Change since 16/10/14 6pm SGT 3.31 [...]

  • 17 October 2014
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    Market Commentary

    US Data Add On To Global Woes

    Price moves to note: DJIA (Close 15/10): 16 141.7, (-1.06%) S&P 500 (Close 15/10): 1862.49, (-0.81%) STI (Close 15/10): 3198.72, (0.14%) EUR/USD (price at 8am SGT): 1.2819(Change since 15/10/14 6pm SGT 1.52%) AUD/USD(price at 8am SGT): 0.8791(Change since 15/10/14 6pm SGT 0.83%) USD /JPY (price at 8am SGT): 106.00(Change since 15/10/14 6pm SGT -1.17%) GBP/USD [...]

  • 16 October 2014
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    thumb - gdp

    Singapore Q3 GDP misses

    DJIA (Close 13/10): 16 321.07, (-1.35%) S&P 500 (Close 13/10): 1874.74, (-1.65%) STI (Close 13/10): 3202.15, (0.67%) EUR/USD (price at 8am SGT): 1.2721(Change since 13/10/14 6pm SGT 0.25%) AUD/USD(price at 8am SGT): 0.8753 (Change since 13/10/14 6pm SGT -0.18%) USD /JPY (price at 8am SGT): 107.05(Change since 13/10/14 6pm SGT -0.18%) Themes to note: US [...]

  • 14 October 2014
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    Market Commentary

    Investors Keep An Eye On Chinese Trade Balance

    DJIA (Close 10/10): 16 544.10 (-0.69%) S&P 500 (Close 10/10): 1906.13 (-1.15%) STI (Close 10/10): 3227.71, (-1.09%) EUR/USD (price at 8am SGT): 1.2639(Change since 10/10/14 6pm SGT -0.25%) AUD/USD(price at 8am SGT): 0.8677 (Change since 10/10/14 6pm SGT -0.31%) USD /JPY (price at 8am SGT): 107.33(Change since 10/10/14 6pm SGT – 0.51%) Global stock rout [...]

  • 13 October 2014
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    68-Cover Story - Investment Theme & Outlook

    RBA Meeting In Focus

    US equities slipped amidst the dearth of data overnight, failing to build on the momentum from Friday’s rally after the US unemployment rate fell to its lowest in six years. We also learned on Friday that the economy added more jobs than expected in September, helping to lift the dollar and equities, with the Dow [...]

  • 07 October 2014
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    Market Commentary

    Hang Seng Index Looks Likely To Stay Crimped

    US stocks fell overnight against a geopolitical backdrop that was worsened by the ongoing protests in Hong Kong and the highest casualty count in Ukraine since a ceasefire was agreed upon. Many bank and retail outlets in Hong Kong were forced to close yesterday as the Occupy Central movement extended further towards Causeway Bay and [...]

  • 30 September 2014
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    Market Commentary

    Market Commentary – 29/09/14

    US stocks rebounded on Friday after a steep descend at the previous session, as data confirmed a stronger-than-expected recovery in the third quarter. The US economy grew 4.6 percent in Q3, up from 4.2 percent from initial estimates, underlining robust growth in the economy. Meanwhile, consumer confidence remained at strong levels despite missing forecasts. Equity [...]

  • 29 September 2014
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    Market Commentary

    Market Commentary – 26/09/14

    US stocks tumbled, with indices posting their worst losses in several months as Apple crumbled, leading the technology sector lower while escalating geopolitical crises kept investors at bay. Following a weekend of record sales for the iPhone 6 and 6 plus, Tim Cook’s celebratory mood is short-lived as the company delayed an IOS 8.0.1 update [...]

  • 26 September 2014
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    Market Commentary

    Market Commentary – 24/09/14

    US stocks fell overnight for the second straight session as geopolitical uncertainty resurfaced in the Middle East, while the US treasury clamped down on inversion deals. The latest crackdown on inversion deals will put a halt to the mega deals we saw this year, which include Burger King, Abbvie and Medtronic, who are looking to [...]

  • 24 September 2014
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    Market Commentary

    Market Commentary – 23/09/14

    Stocks in the US fell overnight, prodded by weaker housing data and concerns surrounding a slowdown in China while the Alibaba frenzy subsides. Existing home sales fell unexpectedly for the first time in five months. They were down by 1.8 percent in August after having risen 2.4 percent in July, as fewer first time buyers [...]

  • 23 September 2014
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    Market Commentary

    Market Commentary – 22/09/14

    US equities closed mixed on Friday despite roaring volumes due to quadruple witching and Alibaba’s debut on the New York stock exchange. The Dow inched up 0.1 percent to a fresh record while the S&P500 lost less than 0.1 percent as some investors liquidated part of their existing tech portfolio to partake in Alibaba’s IPO. [...]

  • 22 September 2014
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    Market Commentary

    Market Commentary – 19/09/14

    Stocks in the US rose overnight from the residual effects of the Fed meeting on the previous day, as the longstanding turn of phrase ‘considerable time’ gave investors comfort that the interest rate will remain low for the foreseeable future. On the economic front, data appeared mixed but investors chose to focus on the consistent [...]

  • 19 September 2014
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    Market Commentary

    Market Commentary – 17/09/14

    US equities rebounded overnight, led by the defensive sectors. Investors expect the Fed to outline recent improvements in the economy without significantly changing their rhetoric around guidance. Stocks sold off earlier in the week on the back of the prospect that the Fed may alter its long-standing language in its guidance. Those expectations were watered [...]

  • 17 September 2014
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    Market Commentary

    Market Commentary – 15/09/14

    US stocks fell on Friday, concluding its first weekly loss in five weeks after a solid retail sales report brought forward expectations of a rate hike, ahead of a Fed meeting this week. Retail sales in the US rose 0.6 percent in August, beating estimates of 0.3 percent. Weak retail sales estimates for July were [...]

  • 15 September 2014
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    Market Commentary

    Market Commentary – 10/09/14

    US stocks slid by the most in a month overnight, recording a fall for the second consecutive session as signs of lethargy appeared, with little data to dictate direction. Apple was back in the spotlight, keeping its tradition of a September product release, unveiling the iPhone 6 and iPhone 6 plus, which comes with a [...]

  • 10 September 2014
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    Market Commentary

    Market Commentary – 09/09/14

    The rally in US stocks took a pause overnight amid the dearth of market-moving data, as investors consolidated positions after five weekly gains on US indices. Meanwhile, a pullback in treasuries ignited a strong advance for the greenback, seeing it trade at multi-month highs against the majors. Oil prices fell to an eight-month low in [...]

  • 09 September 2014
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    Market Commentary

    Market Commentary – 08/09/14

    US stocks rose on Friday as analysts downplayed a weaker-than-expected jobs data while easing tensions in Ukraine soothed investor sentiment. The S&P500 rose 0.5 percent to a fresh record while the Dow gained 0.4 percent to erase a weekly loss. On Friday, data from the Bureau of Labor Statistics showed the economy adding 142k jobs [...]

  • 08 September 2014
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    Market Commentary

    Market Commentary – 04/09/14

    Most US stocks fell overnight, dragged lower by the technology sector after Apple slumped more than 4 percent, offsetting gains from talks of a ceasefire between Ukraine and Russia. News of a ‘permanent ceasefire’ in Ukraine pushed indices higher during the European hours, which led into the US hours. While this comes as welcome news [...]

  • 04 September 2014
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    Market Commentary

    Market Commentary – 03/09/14

    US stocks fell modestly after returning from a long weekend which concluded a month of solid gains, the like of which hadn’t been seen since February. Equities rose earlier in the session with the S&P500 hitting a new intraday record on the back of a manufacturing report which showed the fastest pace of activity since [...]

  • 03 September 2014
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    Market Commentary

    Market Commentary – 02/09/14

    With no lead from the US markets, which were closed yesterday, Asian markets are primed for small moves at the open today, awaiting key policy decisions out of Australia and a wage report from Japan. This follows Asian markets shrugging off weaker-than-expected manufacturing activity from China yesterday. Both the private and state-owned surveys showed manufacturing [...]

  • 02 September 2014
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    Market Commentary

    Market Commentary – 01/09/14

    US stocks rose on 29 August, helping to push the S&P500 up to a new record amid data which showed rising confidence amongst consumers. August had seen some of the widest ranges this year, with the S&P500 dropping below 1900 on 8 August before closing out the month above 2000 on 29 August. August also [...]

  • 01 September 2014
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    Market Commentary

    Market Commentary – 29/08/14

    US stocks fell, pushing the S&P500 back below the 2000 levels on renewed tensions in Ukraine, while upbeat economic data in the US placed the economy on track for growth forecasts which could spur a quicker pace of tightening. Investors remained cautious as the S&P500 tracked above a key milestone during the summer holidays amid [...]

  • 29 August 2014
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    Market Commentary

    Market Commentary – 28/08/14

    US stocks remained flat with the S&P500 hugging the 2000 levels amid one of the slowest trading days this year. Investors remained on the sidelines as they await key economic data out later tonight to determine whether the 2000 level will hold. A surprisingly upbeat advance GDP data alongside rising geopolitical tensions triggered a correction [...]

  • 28 August 2014
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    Market Commentary

    Market Commentary – 27/08/14

    US stocks eked out gains overnight, helping the S&P 500 to close above the 2000 milestone for the first time. There were many reasons for stocks to rise considering less geopolitical uncertainty, more M&A activity and better-than-expected data from the US overnight. Gains were limited, however, due to the technical stronghold of the 2000 levels [...]

  • 27 August 2014
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    Market Commentary

    Market Commentary – 21/08/14

    US stocks extended their rally for a third consecutive session, despite Fed officials signalling that labour and inflation conditions were heading towards more normal levels which could spur tightening in monetary policy. Overall, the S&P 500 headed higher to clock in gains of 0.3 percent, coming within points of a record, while the Dow made [...]

  • 21 August 2014
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    Market Commentary

    Market Commentary – 20/08/14

    US stocks powered higher overnight as earnings from retailers outperformed. Price pressures remain soft, signalling that the Fed may keep interest rates low for longer. Volumes remained tepid with only 4.8 billion shares trading hands for the third lowest full trading day of the year, leading to what analysts say may be exaggerated moves. Nonetheless, [...]

  • 20 August 2014
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    Market Commentary

    Market Commentary – 19/08/14

    US stocks put in a solid performance overnight as fears of a deeper conflict in Ukraine ebbed while M&A activity was abuzz with the three ‘dollar’ chains engaged in a bidding war. With France and Germany playing mediator, Ukrainian and Russian officials met in Berlin for over five hours over the weekend to diffuse tensions, [...]

  • 19 August 2014
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    Market Commentary

    Market Commentary – 18/08/14

    Low midsummer participation and re-emerging concerns over Ukraine led to a choppy trading session in the US on Friday. Stocks opened higher on the back of data which showed growth in the US, and on Russia striking a more conciliatory tone. That changed, however, in the first hour of trading after Ukraine announced that it [...]

  • 18 August 2014
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    Market Commentary

    Market Commentary – 15/08/14

    US stocks rose amid low volumes and easing geopolitical tensions, while poor economic performance in the Eurozone fuelled bets that the ECB will boost stimulus. Trading activity slowed to a crawl, with 4.8 billion shares exchanging hands overnight, marking the second lowest trading day of the year. Investors shrugged off weaker-than-expected labour data and discounted [...]

  • 15 August 2014
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    Market Commentary

    Market Commentary – 14/08/14

    US stocks rose overnight as disappointing retail sales data in July pared back expectations that the Fed will be forced to hike rates quickly. A sharper-than-expected growth rebound in Q2 and an economy which was adding more than 200k jobs in six consecutive months had investors worried that the Fed may bring forward the first [...]

  • 14 August 2014
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    Market Commentary

    Market Commentary – 13/08/14

    US stocks fell slightly overnight after rebounding at the previous two sessions, as volumes wear thin in mid-Summer while investors await US retail sales data due tonight. The energy sector weighed as Brent oil slumped to an 11-month low on the back of easing geopolitical tensions and concerns over economic growth, after a German sentiment [...]

  • 13 August 2014
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    Market Commentary

    Market Commentary – 12/08/14

    US stocks continued to stage a recovery as geopolitical tensions eased amid a light calendar. Threats of an invasion of Ukraine subsided while air strikes in Iraq have successfully deterred Isis militants from advancing. Even in Gaza, Israel and Palestine were seen resuming talks in Egypt to end a month-old war as the death toll [...]

  • 12 August 2014
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    Market Commentary

    Market Commentary – 11/08/14

    US stocks rallied by the most in five months as tensions in Ukraine de-escalated, helping to pare back losses for the week. Following retaliatory measures aimed at the West, Russia seem less bent on escalating tensions. The ex-Soviet nation pulled troops from the Ukraine border back to base after military exercises ended. While announcements of [...]

  • 11 August 2014
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    Market Commentary

    Market Commentary – 08/08/14

    US stocks fell over renewed concerns of geopolitical tensions in Ukraine, sending the Dow to a significant support level from late April to May. Retaliatory measures from Russia and the disregard for intergovernmental institutions show that the ex-soviet nation is not really looking for conciliatory talks with the West, despite tighter sanctions. While the Russian [...]

  • 08 August 2014
  • Corporate Digest
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    Market Commentary

    Market Commentary – 07/08/14

    US indices ended mostly unchanged as gains from bargain hunting were balanced out by botched deals and concerns over growth in Europe. Stocks were heading south going into the US trading session, as data showed Italy dipping into recession while Portugal’s banking fears remained fresh in our minds. The recent troubles in the eurozone remind [...]

  • 07 August 2014
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    Market Commentary

    Market Commentary – 06/08/14

    Following a short rebound at the previous session, US stocks are resuming their downward drift as tensions build up in the Ukrainian border. The Russians were reportedly shoring up their troops at the Ukrainian border, with unofficial figures ranging between 20,000 to 45,000 ground troops. No matter what the official figures are, it is becoming [...]

  • 06 August 2014
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    Market Commentary

    Market Commentary – 05/08/14

    US stocks rebounded as risks of a wider banking crisis receded in Europe, while earnings continue to beat estimates in the US amid a light calendar. Portugal’s troubled lender Banco Espirito received a lifeline after the central bank offered a €4.9 billion bailout package, putting woes of a wider contagion to rest. Whether this is [...]

  • 05 August 2014
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    Market Commentary

    Market Commentary – 04/08/14

    US stock markets fell on Friday despite rising at the opening, as banking fears in Argentina and Portugal eclipsed a low wage growth report which supports a longer state of easier monetary policy in the US. The official jobs report from the US disappointed on all three fronts on Friday. The highly observed non-farm payrolls [...]

  • 04 August 2014
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    Market Commentary

    Market Commentary – 01/08/14

    US stocks fell sharply overnight, ending a five-month winning streak on major US indices as investors were given a myriad of reasons to take profit yesterday. There was the concern that recent outperformance in economic data has raised the possibility of a quicker-than-expected rate hike by the Federal Reserve. Following a stronger growth rebound in [...]

  • 01 August 2014
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    Market Commentary – 31/07/14

    US equities were little changed overnight as the Federal Reserve failed to offer new guidance as to the timing of a rate increase, despite data showing stronger growth in Q2. The US bourse saw gains earlier in the session after a preliminary GDP report showed growth tracking ahead of expectations in the second quarter, at [...]

  • 31 July 2014
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    Market Commentary – 30/07/14

    US stocks fell overnight amid announcements from the US and EU of tougher sanctions imposed on Russia, paring back gains earlier in the session.

  • 30 July 2014
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    Market Commentary – 29/07/14

    Despite a sell off earlier in the session, US stocks ended mostly unchanged overnight, aided by some M&A activity and better corporate earnings in the US. The psychological 2000 round figures on the S&P500 continue to act as a barrier with each of the three reaches towards those levels so far this month having been [...]

  • 29 July 2014
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    Market Commentary – 25/07/14

    US stocks ended mostly flat following mixed economic data and earnings in the US. The S&P500 managed to eke out gains of less than 0.1 percent, inching even closer to the 2000 milestone, while the Dow lost on the back of losses from Caterpillar. Economic bellwether Caterpillar fell 3.1 percent after earnings topped estimates but [...]

  • 25 July 2014
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    Market Commentary – 24/07/14

    Most US stocks ended higher overnight as corporate earnings continues to outshine, especially in the tech sector, helping to lift the S&P500 up to a record. While geopolitical concerns are aplenty this year, it seems at the end of the day it ultimately boils down to corporate earnings in the US. Geopolitical tensions in Gaza [...]

  • 24 July 2014
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    Market Commentary – 23/07/14

    US stocks rose following corporate earnings which outperformed and tame inflation which supports an extended period of easy monetary conditions. A separate report also showed home resales figures coming in at an eight-month high, helping to lift overall sentiment in the market. The Dow added 0.4 percent while the S&P500 hit a record intraday high, [...]

  • 23 July 2014
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    Market Commentary – 22/07/14

    US stocks fell amid a light calendar as investors monitored headlines out of Ukraine and Gaza, preferring to stay on the sidelines before earnings in the US turn up a notch. Geopolitical uncertainty crept under the cracks as undergoing investigations of the downed MH17 failed to relieve Russia of responsibility. Meanwhile, pressure is mounting for [...]

  • 22 July 2014
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    CMC Market Commentary – 21/07/14

    US stock markets recovered some of those steep losses from Thursday as investors doubted a strong retaliation from the international community over the downing of MH17 and refocused on earnings in the US instead. Judging from history, some investors felt the sell-off was a bit overdone. With the annexation of Crimea in March, stocks rebounded [...]

  • 21 July 2014
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    Market Commentary – 17/07/14

    The US markets continue to ride on a rally theme, and last night was no different. The Dow finished in record territory, climbing to 17,138.20, a rise of 77.52 points or 0.45 percent over the session. Likewise, the S&P500 advanced to 1,981.57 (+0.42 percent), a tad shy of its record high. The Nasdaq gained 0.22 [...]

  • 17 July 2014
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    Market Commentary – 16/07/14

    Most US stocks ended lower despite having made a good start early in the session, as comments from Janet Yellen overshadowed better-than-expected earnings. Bank earnings, together with prepared comments from Yellen’s testimony, pushed the Dow to another all-time high before comments from her unprepared segment pared the earlier gains. Yellen emphasised that a high degree [...]

  • 16 July 2014
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    Market Commentary – 15/07/14

    US stocks rose overnight, supported by better than expected earnings from Citigroup and cross border M&A activity. Analysts are concerned that a combination of bad earnings from different sectors will cause a dent to sentiment, especially in a week where we are expecting results from big names in the Tech and Financial sector, both of [...]

  • 15 July 2014
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    Market Commentary – 14/07/14

    US stocks gained on Friday, helping to recoup some of the weekly losses stemming from a Portugal banking crisis, as fears of a European contagion appear overblown. Banco Espeirito managed to assuage investors’ concerns, stating that its exposure to its parent company ESG was limited to 1.15 billion Euros, and it remained well capitalized to [...]

  • 14 July 2014
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    Market Commentary – 11/07/14

    US stocks continued to slide overnight after rebounding in the previous session, as troubles over debt repayment at a European bank sparked fears of a wider contagion. Concerns stemmed from the health of second largest Portuguese bank, Banco Espirito Santo, after its parent company ran into financial difficulty. Just shortly after exiting from a joint [...]

  • 11 July 2014
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    Market Commentary – 10/07/14

    US stocks rebounded in a typical manner since the Bull Run from April, where losses were confined to two sessions. If the pattern were to stay indefinitely, we would expect prices to move higher over the next few sessions to a higher high, possibly to the 2000 round figures on the S&P 500. There were [...]

  • 10 July 2014
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    Market Commentary – 09/07/14

    The stay above the 17,000 levels proved short-lived for the Dow, as after having broken the key milestone level on 3 July, 2014, prices are back below after the Dow slipped triple digits overnight. Akin to the March-April period ahead of Q1 earnings season, we are starting to see declines in stocks that are thought [...]

  • 09 July 2014
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    Market Commentary – 08/07/14

    US stocks eased following a push above records and a key round number on the Dow, as investors paused ahead of the start of Q2 earnings. The S&P 500 fell 0.4 percent while the Dow managed to hold above the key 17000 levels despite declining 0.3 percent overnight. Investors took stock of recent gains in [...]

  • 08 July 2014
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    Market Commentary – 04/07/14

    US equities continued its climb after non-farm employment change printed on the upside, adding 288,000 new jobs to the economy in June. Unemployment rate fell to 6.1 percent, better than market expectations of 6.3 percent. This led the Dow to break and close above 17,000 for the first time in its 118 year history. It [...]

  • 04 July 2014
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    Market Commentary – 03/04/14

    US stocks inched up overnight following a private jobs report which bolstered expectations for a better official read tonight. The S&P 500 edged up by 0.1 percent to extend a record while the Dow rose by the same amount to come within striking distance of the 17,000 levels. On the corporate front, shares at JP [...]

  • 03 July 2014
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    Market Commentary – 02/07/14

    Although the US team was knocked out of the World Cup last night despite a stellar performance by its veteran goalkeeper, its stock market showed no signs of slowing down, kicking off the second-half of 2014 to a flying start. Overnight, equities went on a tear and clocked all-time highs. The Dow was up 0.77 [...]

  • 02 July 2014
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    Market Commentary – 01/07/14

    The S&P 500 concluded a sixth straight quarter of gains yesterday, a streak not seen in more than 14 years. On the day however, US stocks were little changed with the S&P 500 ending nearly flat and the Dow down -0.2 percent while the Nasdaq inched higher by 0.1 percent. In the currency markets, the [...]

  • 01 July 2014
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    Market Commentary – 30/06/14

    US stocks emerged higher on Friday amid one of the busiest sessions this year. Losses earlier in the session were pared in the final hour of trading as Russell Investments finalised the reconstitution of its indexes. The S&P 500 rose 0.2 percent on Friday, led by the technology and utilities sector paring a weekly loss [...]

  • 30 June 2014
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    Market Commentary – 26/06/14

    US stocks rose after investors shrugged off a deeper contraction than expected in Q1, on signs of a stronger rebound in Q2. US growth contracted 2.9 percent in Q1, nearly three times more than an earlier projection. Judging from the wider-than-expected contraction in Q1 GDP, it is no wonder that the IMF and the Fed [...]

  • 26 June 2014
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    Market Commentary – 25/06/14

    US stocks fell for the second consecutive day as concerns of escalating violence in Iraq eclipsed better economic data in the US. Earlier in the session, US equities rose as much as 0.3 percent on the back of strong consumer confidence and new home sales data. As trading volumes remained lacklustre, however, it didn’t take [...]

  • 25 June 2014
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    Market Commentary – 24/06/14

    US stocks ended nearly flat on a day of one of the lowest trading volumes this year. Better economic data failed to bolster demand for equities, signalling that investors were not about to enter near-record levels blindly. The S&P500 dipped its toes in negative territory for the first time in seven sessions, while the Dow [...]

  • 24 June 2014
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    Market Commentary – 23/06/14

    US stocks traded with particularly high volumes on ‘Freaky Friday’, but nothing abnormal occurred on the quadruple witching day, as even the quarterly phenomenon failed to put a stop to an incessant rally in US equities. The grotesque sounding term comes on the third week of each quarter as markets experience the expiry of futures [...]

  • 23 June 2014
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    Market Commentary – 19/06/14

    After a period of cautious trading, US equities broke out of their stupor following the Fed meeting overnight. In what was widely conveyed previously, the Federal Reserve reduced the Central Bank’s current asset purchase program by US$10 billion to US$35 billion. The Fed is not, however, ready to hike interest rates any sooner, as it [...]

  • 19 June 2014
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    Market Commentary – 18/06/14

    US stocks extended their advance for a second consecutive day ahead of the FOMC meeting. Inflation overshot expectations, underlining the fact of pricing power returning to producers. The S&P 500 closed 0.2 percent higher while the Dow edged up by nearly the same amount. Locally, the STI ended 0.5 percent lower after the trade surplus [...]

  • 18 June 2014
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    Market Commentary – 17/06/14

    US equities temporarily sidestepped geopolitical concerns and an IMF downgrade to end slightly in the green overnight. The S&P500 was seen struggling for direction as investors faced the dilemma of a vibrant deal-making scene, versus the rising conflict in Iraq and fresh tensions in Ukraine. A tapered forecast from the IMF further added to concerns [...]

  • 17 June 2014
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    Market Commentary – 16/06/14

    US stocks ended the week with their biggest weekly decline in two months on the back of uncertainty surrounding conditions in the Middle-East. An all-out sectarian conflict in Iraq threatens oil supply routes in the second largest OPEC producer. This could lead to rocketing oil prices which in turn could derail a fledgling global recovery. [...]

  • 16 June 2014
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    Market Commentary – 13/06/14

    With the Ukrainian crisis temporarily sidelined, the world is entangled in fresh turmoil in Iraq, with fears of wider-spread repercussions. The fact that Iraq has noticeably been ramping up production and now produces more than three percent of the world’s crude oil, any disruption at OPEC’s second largest producer risks tearing apart the global rebound [...]

  • 13 June 2014
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    Market Commentary – 12/06/14

    US stocks fell across the board after a sustained rally from the end of May. Investors found reason to sell off after the World Bank cut its global economic growth forecast from 3.2 percent to 2.8 percent for this year, attributing this to the harsh US winter and the Russia-Ukraine crisis. The DJIA finished the [...]

  • 12 June 2014
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    Market Commentary – 11/06/14

    US stocks ended little changed, with the S&P500 and the Dow heading in different directions, albeit only slightly, as volumes continue to fade. With the lack of meaningful economic headlines, investors saw no impetus to push stocks higher after four consecutive record closes. That said, it caused no damage to the parabolic trend on the [...]

  • 11 June 2014
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    Market Commentary – 10/06/14

    In the absence of economic headlines, US stocks drifted higher as investors remained optimistic after Friday’s jobs report. A flurry of M&A activity helped support volumes and trading activity in what could otherwise prove a quiet session, with major European markets away on Whit Monday. The bidding war for hot dogs and sausages ended with [...]

  • 10 June 2014
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    Market Commentary – 09/06/14

    US stocks rose on Friday, extending for the tenth time in twelve sessions, as payrolls printed in line with expectations. The US economy added 217k jobs in May versus expectations of 214k, an optimal level that continued to show a steady state of jobs recovery but not quite quickly enough to hasten the speed of [...]

  • 09 June 2014
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    Market Commentary – 06/06/14

    At the much anticipated European Central Bank meeting we had the return of drastic policy measures to continue to stimulate the European economy and prevent deflation. In an unprecedented but relatively well telegraphed move by the ECB, we witnessed history in the making when ECB President Mario Draghi announced the decision to cut Eurozone deposit [...]

  • 06 June 2014
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    Market Commentary – 05/06/14

    There was another session of consolidative price action overnight, with US stocks retracing those losses from the previous session to put in slight gains. With high-risk events ahead of us, traders are taking their positions on the sides for now, pending key decisions from the ECB and non-farm payrolls tomorrow. The S&P500 managed meagre gains [...]

  • 05 June 2014
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    Market Commentary – 04/06/14

    Momentum seems to be waning with each passing day of the S&P500 snagging a new record. As such, as investors are reluctant to go long at such frothy levels, even fewer were willing to sell against the parabolic uptrend we have seen in recent times. The lack of conviction is leading to a period of [...]

  • 04 June 2014
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    Market Commentary – 03/06/14

    In an otherwise dull session, an erroneously released ISM factory data was the topic of discussion overnight amongst traders and economists. The factory data which was due at 10pm SGT showed an unexpected slowdown in May, sending stocks tumbling by as much as 0.4 percent. Economists who were following the data piece, however, were quick [...]

  • 03 June 2014
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    Market Commentary – 02/06/14

    Most US stocks rose on Friday, helping to put in new records on the S&P500 and the Dow as they went for their fourth straight monthly advance. Despite mixed data, the S&P500 managed to climb above its previous record, gaining some 0.2 percent while the Dow saw an uptick of 0.1 percent. The NASDAQ, on [...]

  • 02 June 2014
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    Market Commentary – 29/05/14

    US stocks lost some ground overnight as the market halted a four-day gain after we saw bourses trading at or near all-time highs. The DJIA was 0.25 percent (-42.32) lower, and the S&P500 ended 0.11 percent (-2.13) down after touching an intraday high of 1,914. The NASDAQ finished 0.3 percent (11.99) lower, recovering most of [...]

  • 29 May 2014
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    Market Commentary – 28/05/14

    US equity markets returned from the long weekend with refreshed vigour, pushing the broader benchmarks to a new record. We saw a return of risk sentiment with a rise in equities, matched by a fall in safe havens like the yen and gold. Treasuries rose, however, underlining the jittery mood of investors as they seek [...]

  • 28 May 2014
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    Market Commentary – 26/05/14

    US stocks rose on Friday amid low volumes ahead of the Memorial Day long weekend. The S&P500 topped its previous record, closing just slightly above 1900 with overnight gains of 0.4 percent. The Dow added 0.4 percent while the NASDAQ closed 0.8 percent higher. In a week of few important earnings announcements and little economic [...]

  • 26 May 2014
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    Market Commentary – 23/05/14

    US stock markets closed with modest gains following better overall economic data in the US. The S&P 500 closed 0.2 percent up, inching closer to its 13 May record while the Dow climbed 0.1 percent. Shares at HP fell following a blunder which saw an earlier-than-expected partial release of its second quarter results. Share prices [...]

  • 23 May 2014
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    Market Commentary – 22/05/14

    US equities rose, erasing a decline from the previous session as earnings from retailers outperformed, while minutes from the FOMC revealed that the Fed is in no rush to hike rates. The S&P500 added 0.8 percent, coming close to its record high on 13 May, while the Dow was boosted by a two percent gain [...]

  • 22 May 2014
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    Market Commentary – 21/05/14

    US equity trading was marked by heavy sentiment overnight, from a combination of poor performance in economic bellwethers and fears of a recurrence of a cold war. Worse-than-expected earnings from retailers such as Staples and TJX led losses overnight, with the S&P500 sliding 0.7 percent, the Dow losing 0.8 percent and the Nasdaq closing lower [...]

  • 21 May 2014
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    Market Commentary – 20/05/14

    It was yet another choppy day of trading in the US, with all three bourses trading lower before closing in positive territory. The DJIA ended the session up 0.12 percent (+20.55), the S&P500 up 0.38 percent (+7.22) and the NASDAQ up 0.86 percent (+35.23). Internet stocks helped the tech-heavy NASDAQ rally, with big names like [...]

  • 20 May 2014
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    Market Commentary – 19/05/14

    US markets on Friday initially traded with a cautious tone, having seen two straight days of losses. However, that took a turn after housing starts and building permits surprised on the upside, beating estimates significantly. Housing starts printed 1.07 million versus 0.98 million and building permits printed 1.08 million versus 1.01 million. The DJIA closed [...]

  • 19 May 2014
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    Market Commentary – 16/05/14

    Price action in capital markets overnight was characterised by risk aversion as we saw a sell-off in US stocks, a fall in treasury yields as well as heightened demand for the yen. US stocks tumbled the most in a month on the back of the worst factory output in 18 months, leading to a sell-off [...]

  • 16 May 2014
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    Market Commentary – 15/05/14

    US equities posted losses overnight on profit taking, after indices hit record highs. The psychological round figure of 1900 may have encouraged profit taking while at the same time, limit sell orders may have been placed in these regions by short sellers. The absence of market-moving data and earnings further stymied flows, with volumes falling [...]

  • 15 May 2014
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    Market Commentary – 14/05/14

    Following a strong rally at the previous session, US stocks had little impetus to pace gains, especially in the face of mixed data. After a strong rebound in March, retail sales in the US grew at a weaker-than-expected pace in April, rising only 0.1 percent while estimates had been at 0.5 percent. After automobile sales [...]

  • 14 May 2014
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    Market Commentary – 12/05/14

    US equity markets rose on Friday following a rebound in the tech sector which pushed the Dow to yet another record closing. The Dow, led by gains of 0.6 percent in IBM, closed 0.2 percent higher while the S&P500 rose about 0.15 percent. As US stocks alternated between gains and losses last week, the Nasdaq [...]

  • 12 May 2014
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    Market Commentary – 09/05/14

    Most US stocks ended lower overnight, continuing the recent pattern of the Dow and the S&P500 rotating between gains and losses, while the Nasdaq remained the only constant by heading south. This is not surprising, as we start to see signs of rotations from higher beta stocks into value stocks, at which point the tech [...]

  • 09 May 2014
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    Market Commentary – 08/05/14

    Most US stocks saw a respite from the previous session as geopolitical tensions eased in Ukraine and Fed Chairwoman Janet Yellen remained cautiously optimistic about the US economy. Market sentiment and the broader-based US indices were lifted by news that Russian President Vladimir Putin was prepared for fresh talks, and had pulled troops out of [...]

  • 08 May 2014
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    Market Commentary – 07/05/14

    High beta stocks may not be the heavyweights but they are certainly driving broader equity markets with the large jumps or slumps they are registering in an average session. US stocks took a tumble overnight following the onslaught of the technology stocks, with better known names like Twitter taking a slump of 18 percent. The [...]

  • 07 May 2014
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    Market Commentary – 06/05/14

    Following the disappointments from poor China Manufacturing Data earlier in the day, the Institute of Supply Management’s non-manufacturing index data received the loudest cheers from the markets. The services sector index rose to 55.2 in April, growing at its fastest page for eight months, and adding to renewed optimism that the US economy is emerging [...]

  • 06 May 2014
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    Market Commentary – 05/05/14

    US equity markets’ initial euphoria on the best jobs figures in two years proved to be short lived against a political backdrop of conflict in Ukraine. As stocks tested new highs and violence in Ukraine continued to escalate, investors had second thoughts about holding their positions over the weekend, leading to a broad sell off [...]

  • 05 May 2014
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    Market Commentary – 02/05/14

    US stocks stalled after coming close to their all-time highs, as investors treaded cautiously ahead of the jobs report later tonight. Better corporate earnings and mixed economic reports helped to limit losses on US indices, seeing to a flat S&P 500 while the Dow lost more than 0.1 percent, after hitting an all-time high at [...]

  • 02 May 2014
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    Market Commentary – 30/04/14

    US stocks ended higher on Tuesday with signs of renewed optimism ahead of an escalation of key economic events. Risk appetite returned with investors piling into the higher-growth technology and financial sectors while ditching recent favourites like utilities. Both the S&P500 and the Dow added about 0.5% while the Nasdaq – which is deemed overvalued [...]

  • 30 April 2014
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    Market Commentary – 29/04/14

    It was a quiet day for economic data last night. That said, the sole pending home sales figure far exceeded forecast and printed an increase of 3.4 percent versus one percent from last month. This drove markets higher, but was not enough to sustain initial gains through closing. Overall the DJIA was up 0.53 percent [...]

  • 29 April 2014
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    Market Commentary – 28/04/14

    With US indices trading into key resistance levels, investors were finding every opportunity to arrest profits from the most recent rebound. Escalating confrontations in Ukraine and disappointing earnings guidance further dragged on sentiment, helping to accelerate losses on US indices. All three major indices erased the gains built last week, with the S&P 500 falling [...]

  • 28 April 2014
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    Market Commentary – 25/04/14

    US stocks rose overnight on the back of technology sector gains although sentiment soured towards the close on escalating confrontations in Ukraine. The Nasdaq added 0.5 percent while the S&P 500 gained 0.2 percent, led by gains of 1.2 percent in the technology sector, mostly borne by advances in Apple shares. The Dow, which doesn’t [...]

  • 25 April 2014
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    Market Commentary – 24/04/14

    Having rallied six days in a row, it should not come as a surprise that US equity markets took a pause while investors took stock to decide whether current valuations deserve another push higher. With the S&P 500 trading at 18 times earnings, it pays to be prudent when it comes to stock selection. Some [...]

  • 24 April 2014
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    Market Commentary – 23/04/14

    US stocks were up for the sixth day in a row on corporate earnings and a flurry of deal making in the pharmaceutical sector.

  • 23 April 2014
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    Market Commentary – 22/04/14

    Despite lower volumes brought about by the Easter Holiday and the absence of economic data, Wall Street managed a fifth straight day of gains. The S&P 500 advanced 0.4 percent while the Dow added 0.25 percent amid the lowest volume this year, all on expectations that corporate earnings will continue to outperform. Online streaming site, [...]

  • 22 April 2014
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    Market Commentary – 21/04/14

    With only second-tier economic data due for release this week, the focus will likely be on corporate earnings in the US, with nearly one third of S&P 500 companies reporting earnings.

  • 21 April 2014
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    Market Commentary – 17/04/14

    US equity markets rallied overnight following comments from Janet Yellen, supportive of Fed rates staying low. With a third straight day of gains, US stocks recovered nearly as quickly as they tumbled a week earlier on valuation concerns, reversing about half of the losses made earlier in the month. The S&P 500 rallied more than [...]

  • 17 April 2014
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    Market Commentary – 16/04/14

    US stocks took a sharp turnabout overnight. Having initially dipped as much as one percent earlier in the session on valuation and Russo-Ukrainian concerns, they recovered towards the end after companies posted healthy earnings. The Nasdaq, which is heavily tech laden, slid close to two percent before a technical resistance at the 200 SMA stemmed [...]

  • 16 April 2014
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    Market Commentary – 15/04/14

    The retails sales figure last night rescued the US stock market after two consecutive sessions of heavy losses. It printed at 1.1 percent, beating estimates of 0.8 percent. Core retail sales, which exclude a more volatile automobile sales component, also rose to 0.7 percent against expectations of 0.5 percent. This helped all three major US [...]

  • 15 April 2014
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    Market Commentary – 14/04/14

    US equities slipped on Friday following a huge miss on Wall Street as JPMorgan Chase & Co kicked off bank’s earnings season on a bad note.

  • 14 April 2014
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    Market Commentary – 11/04/14

    While concerns have been allayed over the period of lower interest rates, markets are still on tenterhooks over the current high valuation levels, as we step into a Q1 earnings season with the potential for earnings and forecasts to disappoint.

  • 11 April 2014
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    Market Commentary – 10/04/14

    Unlike the FOMC statement and accompanying conference on 19 March, the Fed minutes was not as hawkish as what one might have expected.

  • 10 April 2014
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    Market Commentary – 09/04/14

    Stocks in the US had a short reprieve as the market halted its selling from the last few sessions. The Nasdaq saw the best improvement amongst the three major indices after three straight days of hard losses, finishing 0.81 percent (+33.23) higher.

  • 09 April 2014
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    Market Commentary – 08/04/14

    Following last Friday’s failed attempt at 1900 on the S&P 500, US stocks were pushed over the edge with a dead weight attached.

  • 08 April 2014
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    Market Commentary – 07/04/14

    Last Friday, the U.S. Labor department reported that the country’s employers added 192k jobs in March, a shade lower than an upward revised figure of 197k job created the previous month.

  • 07 April 2014
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    Market Commentary – 04/04/14

    The ISM’s U.S. non-manufacturing index rose to 53.1 for March from 51.6 for the previous month. Meanwhile, the U.S. trade deficit unexpectedly widened US$42.3 billion in February, its highest level in five months as exports of fuels and capital equipment suffered from a slowdown.

  • 04 April 2014
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    Market Commentary – 03/04/14

    Global markets edged higher once again. The S&P500 posted another intraday high of 1893 and closed at 1890.9, an advance of 0.3 percent on the day and a new closing high.

  • 03 April 2014
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    Market Commentary – 02/04/14

    The US factory activity picked up speed in March. The Institute for Supple Management’s manufacturing index rose in March to 53.7 from a reading of 53.2 the previous month, an indication that the winter-related disruption at the start of the year has come to an end.

  • 02 April 2014
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    Market Commentary – 01/04/14

    US equity markets finished the day in positive territory after dovish comments by Fed Chair, Janet Yellen.

  • 01 April 2014
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    Market Commentary – 31/03/14

    US consumer spending rose by the most in three months as both household purchases and personal income increased by 0.3 percent in February.  Market participants seemed to welcome the positive print in consumer spending, assuring them that the US economy may continue its positive growth trajectory.

  • 31 March 2014
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    Market Commentary – 28/03/14

    Last night saw US bourses ending lower despite generally firmer data. Looking back, the DJIA looks likely to close the quarter lower. The S&P 500 and Nasdaq are relatively unchanged when compared to the start of the year. Unemployment claims surprised, printing at 311k versus 326k, suggesting an improvement in labour conditions. Fourth quarter GDP [...]

  • 28 March 2014
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    Market Commentary – 27/03/14

    Last night saw US markets start positively, with the S&P within a whisker of a new all-time high. It was also a disappointing day for tech names, as game-maker King Digital Entertainment saw its stock crushed on the first day of trading.

  • 27 March 2014
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    Market Commentary – 26/03/14

    The US consumer confidence bucks the trend of the recent soft economic data and posted its highest reading since early 2008. The Conference Board consumer confidence index climbed to 82.3, above the consensus estimates of 78.7.

  • 26 March 2014
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    Market Commentary – 25/03/14

    US stocks had a lacklustre performance, with the technology-laden NASDAQ composite index shedding 1.18 percent to close at 4,226.39, a level which coincides with its 50-day price averages of 4221.14.

  • 25 March 2014
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    Market Commentary – 24/03/14

    While the markets are still trying to digest the FOMC statement released last week, investors may look towards the upcoming speeches by the regional Fed presidents for further clues on the interest rate curve.

  • 24 March 2014
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    Market Commentary – 21/03/14

    The DJIA was up 0.67 percent (108.88), the S&P500 up 0.60 percent (11.24) and the Nasdaq up 0.27 percent (11.68). Heavyweights AT&T, JP Morgan and Microsoft helped lead gains in the large-cap dominated Dow.

  • 21 March 2014
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    Market Commentary – 20/03/14

    Last night’s focus was on Janet Yellen’s first speech as the Federal Reserve Chair. US stock markets closed lower across the board as she suggested a specific timeline for rates to rise.

  • 20 March 2014
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    Market Commentary – 19/03/14

    Risk sentiment has markedly improved since the start of the Crimean invasion. The weekend referendum, while controversial by western standards, has introduced some near-term stability into markets.

  • 19 March 2014
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    Market Commentary – 18/03/14

    Market participants seem to be waiting for a clear picture of the possible scope for diplomacy in the Black Sea peninsula sovereign crisis.

  • 18 March 2014
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    Market Commentary – 17/03/14

    In the latest economic news, producer prices fell 0.1 percent in February, dragged down by falling costs for services, offering little sign of inflation pressures.

  • 17 March 2014
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    Market Commentary – 14/03/14

    Weaker global sentiment weighed in, however, as uncertainties arose from the weekend referendum in Ukraine, while China’s economy showed signs of slower growth.

  • 14 March 2014
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    Market Commentary – 13/03/14

    While US stocks seemed to have followed Asian and European markets lower at the start of the session, they pared losses ahead of the close as the US stepped up efforts to ease tensions in Ukraine.

  • 13 March 2014
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    Market Commentary – 12/03/14

    Market movements overnight indicated typical risk aversion, as we saw a sell-off in equities, a rise in the yen and treasuries while commodities – with the exception of gold and crude oil – fell.

  • 12 March 2014
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    74 - Perspective - Market Data

    Market Commentary – 11/03/14

    Weaker global sentiment from faltering exports in China were offset by optimism from Friday’s jobs report , as we saw the S&P 500 paring back some 0.6 percent losses chalked earlier in the session.

  • 11 March 2014
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    Market Commentary – 10/03/14

    Analysts mostly watered down their expectations due to the ADP preview, while others who were taken by surprise delved deep into the reports only to find more encouraging signs.

  • 10 March 2014
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    Market Commentary – 07/03/14

    Market participants have now turned their focus to the number of jobs added, due to be released at 9.30pm Singapore time tonight. The non-farm payrolls figure is widely expected to post an increase of 150k.

  • 07 March 2014
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    Market Commentary – 06/03/14

    Russian President Vladimir Putin has now said there’s no need for military force in the region of Crimea.

  • 06 March 2014
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    Market Commentary – 05/03/14

    Global equity markets executed a sharp turn about yesterday following Putin’s comments that suggested no further aggravation in Ukraine in the short term.

  • 05 March 2014
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    Market Commentary – 04/03/14

    Escalating tensions between Ukraine and Russia sent most global indices lower while demand for safe-haven assets drove up government debt, gold, the greenback and the yen.

  • 04 March 2014
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    Market Commentary – 03/03/14

    Together with Friday’s gains of 0.3 percent, the S&P 500 has made a monthly gain of 4.3 percent, the best since last October, effectively erasing January’s losses of 3.6 percent to put in a year-to-date gain of 0.6 percent.

  • 03 March 2014
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    Market Commentary – 28/02/14

    Stocks rose while treasuries yields and the dollar fell, signalling that markets think the Fed is keeping a close eye on developments in the market, and may consider pushing back the tapering schedule if conditions were to worsen materially.

  • 28 February 2014
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    Market Commentary – 27/02/14

    US stocks traded mostly unchanged overnight even as housing sector data surprised and retailers outperformed.

  • 27 February 2014
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    Market Commentary – 26/02/14

    US stocks fell overnight as strong retail performance failed to offset weak economic data.

  • 26 February 2014
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    Market Commentary – 25/02/14

    US equities advanced, sending the S&P 500 to an all-time high before slipping back at the close. Year-to-date losses were nearly squared off overnight, with the index making gains of 0.6 percent.

  • 25 February 2014
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    Market Commentary – 24/02/14

    US markets ended the week only slightly lower, despite the tranche of disappointing data which has plague markets since the start of the month.

  • 24 February 2014
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    Market Commentary – 21/02/14

    All it took was for one data point to outperform for a rebound in equities, such was the weathered-in condition of US stock markets.

  • 21 February 2014
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    Market Commentary – 20/02/14

    Expectations of a GST handout at the budget talks and the Pioneer Generation package further supports sentiment.

  • 20 February 2014
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    Market Commentary – 19/02/14

    Returning from a long weekend, most US stocks traded higher as investors continued to dismiss bad data while M&A activity helped to prop up trading volume.

  • 19 February 2014
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    Market Commentary – 18/02/14

    Asian indices rallied in the morning, following the larger-than-expected lending data from China, which rose to its highest levels since 2010 in January.

  • 18 February 2014
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    Market Commentary – 17/02/14

    US equities climbed on Friday, for the sixth session in seven, sending the S&P 500 within reach of its record levels. This followed a report revealing that consumer confidence rose amidst the harsh winter cold.

  • 17 February 2014
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    Market Commentary – 14/02/14

    US markets are likely to end the week on a solid note, following their fifth rise in six sessions, as earnings outperformed while M&A activity drove volumes higher.

  • 14 February 2014
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    Market Commentary – 12/02/14

    Investors seem to like the certainty and confidence of new Fed Chief Janet Yellen. When she testified before the house yesterday, she sent equities and treasury yields higher.

  • 12 February 2014
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    Market Commentary – 11/02/14

    US equity markets edged up slightly ahead of a key congressional testimony from Fed Chairwoman Janet Yellen.

  • 11 February 2014
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    Market Commentary – 10/02/14

    The S&P 500, which saw one of its worst declines since June at the start of the week, finished the week 0.8 percent higher following Friday’s gain of 1.3 percent.

  • 10 February 2014
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    Market Commentary – 06/02/14

    Stocks in the US fluctuated in overnight trade after mixed data reports, but were close to unchanged nearing the final bell. Its benchmark indices managed to bounce off technical support levels during the session, after hitting lows last seen in October 2013.

  • 06 February 2014
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    Market Commentary – 05/02/14

    US stocks rebounded after a steep sell off at the previous session as a quiet calendar allowed investors to shut off the noise and concentrate on earnings, which outperformed.

  • 05 February 2014
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    Market Commentary – 04/02/14

    US indices were sent tumbling to a four-month low after manufacturing activity in the US slowed much more than expected in January.

  • 04 February 2014
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    Market Commentary – 3/2/2014

    US stock markets fell, failing to buck the trend of a weekly decline, as earnings from large corporates disappointed.

  • 03 February 2014
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    Federal Reserve Building

    Market Commentary – 29/01/14

    US equities took a breather overnight from the recent steep sell-off after corporate earnings beat estimates, while emerging markets had a brief respite ahead of the Fed meeting tomorrow.

  • 29 January 2014
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    Market Commentary – 28/01/14

    US stocks retreated overnight, following the steep sell-off last week, as economic data disappointed ahead of a looming scale back in Fed stimulus and ongoing concerns about an emerging market rout.

  • 28 January 2014
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    Market Commentary – 27/01/14

    On Thursday, the outgoing Fed Chairman Ben Bernanke will chair his last meeting where we will find out whether the Fed will continue to scale back its stimulus program by another US$10 billion.

  • 27 January 2014
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    Market Commentary – 24/01/14

    Lukewarm earnings and mixed data did little to alter the pace of the decline, causing the Dow to lose more than one percent to close at a one-month low, while the S&P 500 slid 0.9 percent.

  • 24 January 2014
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    Market Commentary – 23/01/14

    While the BOE committee was unanimous in voting to leave bond purchases and interest rates unchanged, a steep decline in the unemployment rate led to a rally in sterling.

  • 23 January 2014
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    Market Commentary – 22/01/14

    US stocks closed mixed, with the Dow hit by earnings while the S&P 500 barely missed a third day of losses. The Dow was dragged lower with a trio of declines in its components.

  • 22 January 2014
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    Market Commentary

    Market Commentary – 21/01/2014

    With US markets closed in observance of Martin Luther King Day, trading volumes remained tepid in most markets while weaker Chinese growth hogged the headlines in early Asian trade.

  • 21 January 2014
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    Market Commentary – 20/01/14

    With US markets closed for the Martin Luther King Holiday today it is probably a good time to reflect on the start of 2014, which seems to have seen the US markets enter a sideways trend.

  • 20 January 2014
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    Market Commentary – 17/01/14

    The latest earnings release from electrical retailer Best Buy confirmed those fears, with its shares tumbling 29 percent after headline revenues fell.

  • 17 January 2014
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    Market Commentary – 16/01/14

    Building on momentum from the previous session, US equities rose overnight, erasing nearly all year-to-date losses, led by financials on the back of the better earnings report.

  • 16 January 2014
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    Market Commentary – 14/01/14

    While Friday’s jobs report has instilled a sense of uncertainty as the Fed continues to tighten the nozzle of the stimulus tap, comments from Fed officials suggest it was a one-off event.

  • 14 January 2014
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    Market Commentary – 13/01/14

    US equities rose, led by gains in defensive stocks, as doubts surrounded the Fed’s resolve to taper at every meeting, following a dismal jobs report.

  • 13 January 2014
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    Market Commentary – 08/01/14

    US stocks broke out of the early 2014 down draft as the latest trade data signalled stronger Q4 growth, ahead of the start of the US earnings season later this week.

  • 08 January 2014
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    Market Commentary – 07/01/14

    US stocks fell for the third consecutive session following a similar sell-off seen in Europe and Asia.

  • 07 January 2014
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    Market Commentary

    Volumes To Return With Central Bank Meetings And NFP

    US stocks ended mostly lower on Friday, following comments from Fed officials which seemed to suggest that the US economy could withstand tapering at a quicker pace.

  • 06 January 2014
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    Market Commentary – 03/01/14

    After posting some largest gains in 15 years, US stocks back pedalled on the first trading day of 2014, with benchmark indices falling close to one percent.

  • 03 January 2014
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    Market Commentary – 02/01/14

    US stocks ended the year on a high note, with the Dow closing at a record high for the 52nd time this year, with a gain of 0.44 percent while the S&P 500 was up 0.4 percent.

  • 02 January 2014
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    Market Commentary – 31/12/13

    Both the Dow and S&P 500 are on pace to end the year on a historic high, with the Dow tracking annual gains of 26 percent, the biggest since 1996.

  • 31 December 2013
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    Market Commentary – 30/12/2013

    Following the last weekend of the year, US indices are on track to post solid returns of 30 percent in 2013 with only 2 sessions to go.

  • 30 December 2013
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    Market Commentary – 27/12/2013

    With only 3 working days to mark the end of 2013, the Dow and the S&P 500 are on track to end the year with gains of close to 30 percent.

  • 27 December 2013
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    Market Commentary – 26/12/2013

    With Hong Kong, Australia, London and most of the European markets closed in observance of Boxing day, we can expect thin liquidity going into the open of US markets tonight.

  • 26 December 2013
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    Markets In A Jolly Mood

    A Santa Claus rally is in the works, as US indices climbed and hit fresh highs overnight, on the back of an improved US outlook which stirred comments from the International Monetary Fund (IMF) for an upgrade.

  • 24 December 2013
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    Market Commentary

    Some Counters To Watch Despite Festive Season

    While markets may simmer going into the festive holidays, traders may have reasons to stay tuned to price action in the equity markets.

  • 23 December 2013
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    Market Commentary

    BOJ Policy Minutes Eyed

    In Asia, Japan saw much bigger gains compared to the regional bourses; the Nikkei 225 posted a gain of 1.74 percent to close at 15,859.22 yesterday. It was the index’s six-year closing high since late December 2007

  • 20 December 2013
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    RISK Appetite Persists With Fed’s Assurance On Low Interest Rates

    The headline news this morning is that the Federal Open Market Committee has decided to scale back its current size of monthly asset purchases, to US$75 billion.

  • 19 December 2013
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    Awaiting The Fed’s Stance

    Investors turn their focus to what could be the FOMC current chairman Ben Bernanke’s last press conference, when the FOMC concludes its two-day meeting and releases its December statement early tomorrow morning (at 3am Singapore Time).

  • 18 December 2013
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    FED-up Of Waiting

    US equity markets closed higher overnight with the DJIA up 0.82 percent (+129.21), S&P 500 up 0.63 percent (+11.22) and Nasdaq up 0.71 percent (+28.54) in anticipation of the Federal Reserve’s two-day meeting starting on Wednesday.

  • 17 December 2013
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    Sell The Rumour, Buy The Fact?

    With slightly less than a week to the Fed meeting, the likelihood of the central bank starting to reduce its monthly bond purchases seemed higher.

  • 13 December 2013
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    Retail Sales To Watch For More Hints On Tapering

    Most global bourses fell in a sign of risk aversion, as a potential approval to the US budget deal will make it easier for the Fed to start curtailing monetary stimulus next week.

  • 12 December 2013
  • Daily Bulletin
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