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Viewing By Category : Singapore Market Commentary   |   No. of Articles : 168
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Markets Tumble After US Treasury Yield Surge

Stocks have been under pressure since the US 10-year Treasury bond yield rose above three percent to fresh seven-year high after a strong US jobs reading and hawkish commentary from Jerome Powell.

  • meisiew
  • 19 October 2018
  • Singapore Market Commentary
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    Acquisition Stirs Excitement On The Local Bourse

    In line with markets’ anticipation, the Federal Reserve raised interest rates by 25 basis points in September, bringing the benchmark rate to a range of 2 percent to 2.25 percent. The central bank also indicated its intention to tighten once more in December and three more times next year.

  • Jimmy Ng
  • 05 October 2018
  • Singapore Market Commentary
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    Unexpected Markets Rebound Despite Bad News

    US escalated its trade war with China as President Trump announced on 17 September that he would go ahead with imposing 10 percent tariffs on about US$200 billion worth of Chinese imports that will take effect on 24 September and potentially going up to 25 percent by the end of the year. In retaliation, Beijing added US$60 billion of US products to its import tariff the very next day.

  • Jimmy Ng
  • 21 September 2018
  • Singapore Market Commentary
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    Rollercoaster Ride As Trade Worries Persist

    Over the past fortnight, the US and Mexico struck a trade deal to send Nasdaq and S&P 500 to fresh all-time highs while Dow Jones Industrial average rose above 26,000 for the first time since January. However, optimism faded after President Donald Trump threatened to exclude Canada out of the final pact.

  • meisiew
  • 07 September 2018
  • Singapore Market Commentary
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    Trade Talks Bring Rays Of Hope For An Imminent Rebound

    Asian markets were badly shaken last week as Turkey’s currency crisis raged on. The Turkish lira has plunged more than 20 percent last week and as much as 40 percent against the dollar since the start of the year, amidst political conflicts with the United States (US) and President Rrdogan’s repeated calls for lower interest rates in the face of higher inflation. On 13 August 2018, stocks fell 2 percent in Tokyo and more than 1.5 percent in Hong Kong. Fears are mounting that large funds outflow from the emerging markets could trigger a large-scale calamity similar to that of the 1997 Asian Financial Crisis should confidence was not restored quick enough.

  • Jimmy Ng
  • 24 August 2018
  • Singapore Market Commentary
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    Mixed Results From Corporate Earnings

    Developments concerning the trade war took another turn in the last few days when the Trump administration threatened to jack up the proposed tariff rate on the next US$200 billion of Chinese imports to 25 percent from the initial 10 percent, as it tried to pressure China back to the negotiation table. In response, China announced that it was prepared to impose retaliatory taxes on US$60 billion of US imports including aircrafts and liquefied natural gas, in which the implementation date will be decided according to the US actions.

  • Jimmy Ng
  • 10 August 2018
  • Singapore Market Commentary
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    Oversold Markets Climb Out Of Epic Decline

    US stocks rallied as investors’ attention was diverted to stronger corporate earnings away from the shadow of the trade wars. Alphabet stock soared to record highs rising 3.5 percent on 24 July 2018 as Google earnings beat estimates. Unfortunately, shareholders of Facebook were not so lucky. The social-media giant lost close to US$100 billion of its market cap as its share price plunged by more than 20 percent in the after-hours session on 25 July following a weak guidance.

  • Jimmy Ng
  • 27 July 2018
  • Singapore Market Commentary
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    Trade Worries Take Back Seat Ahead Of Earnings Seasons

    Over the fortnight, the US and China slapped each other with trade tariffs on some US$34 billion worth of goods. In view of China’s retaliatory tariff, Trump escalated the trade war by threatening to impose further tariffs of 10 percent on an additional US$200 billion worth of Chinese imports. The new tariff threat sparked off another global selloff on 11 July 2018.

  • meisiew
  • 13 July 2018
  • Singapore Market Commentary
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    Markets Slip As Trade War Fears Dial Up A Notch

    Global stocks extended their decline on renewed trade war concerns that cast a dark cloud on global markets. Trump has announced that his administration will impose tariffs on US$34 billion worth of Chinese imports which was due to take effect next week on 6 July 2018. While it is likely that Trump administration would negotiate trade deals and not engage in a full-blown trade war, any escalation in tensions at the moment will still be very disruptive. Volatility has returned to the market which saw the Dow Jones Industrial Average losing 3.9 percent to finish at 24,216.05.

  • Jimmy Ng
  • 29 June 2018
  • Singapore Market Commentary
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    A New Chapter Towards Peace In Korean Peninsula

    This fortnight’s focus was on the historic Trump-Kim Summit, which went on exceptionally well considering the fact that the two leaders were exchanging hostile remarks not too long ago. The short summit concluded with Mr Kim pledging to complete denuclearization of the Korean Peninsula while the US promised to provide security guarantees to North Korea. World leaders welcomed how the conference ended on a positive note, which signified a major step towards lasting peace and stability in the Korean region.

  • Jimmy Ng
  • 14 June 2018
  • Singapore Market Commentary
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    Global Stocks Find Support After Sell-Off

    On 29 May 2018, Wall Street tumbled with the Dow Jones Industrial Average (DJIA) losing more than 390 points as traders became worried about the political commotion in Italy and its rising costs of borrowing. The political uncertainty in the third largest economy in the Eurozone ignited fears of a resurgence of a euro debt crisis back in 2011 – 2012, and a potential “Italexit” could threaten the European Union. Finding the sell-down a little overdone, the US bellwether recouped most of its losses the following day only to be sold down again on 31 May 2018 after the US surprisingly reinstated tariffs on China as well as its major allies. Over the last two weeks, DJIA lost 1.2 percent to end at 24,415.84.

  • Jimmy Ng
  • 01 June 2018
  • Singapore Market Commentary
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    Markets Halt Gains Amid Conflicts

    The last two weeks was a period pervaded with a series of disturbing unrests as news of conflicts around the world broke out one after another. Over the course of the past fortnight, deadly clashes from Israeli fire left 52 Palestinians dead and more than 2,400 wounded. Closer to home, Indonesia saw a series of suicide bombing in Surabaya while North Korea also threatened to cancel the Trump-Kim summit in Singapore.

  • Jimmy Ng
  • 18 May 2018
  • Singapore Market Commentary
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    STI Loses Ground After Hitting Historical High

    The Federal Reserve kept its key interest rate unchanged at a range of 1.5 percent to 1.75 percent, citing that inflation has climbed higher and is likely to move closer to the central bank’s target of 2 percent. Nonetheless, the Fed maintained its stance that further rate hikes will be needed in the coming months. Over the last two weeks, Dow Jones Industrial Average slid 3 percent to end at 23,930.15.

  • Jimmy Ng
  • 04 May 2018
  • Singapore Market Commentary
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    STI Lifted By Easing Trade Tensions

    Wall Street is back on alert due to the rising interest rates as the 10-year Treasury note yield broke the level of 2.9 percent on Thursday. United Capital CEO Joe Duran anticipates another market correction for the S&P 500 before end-year, considering the rise of interest rates and weakening of dollar. Despite ongoing concerns, Dow [...]

  • kendrick.loh
  • 20 April 2018
  • Singapore Market Commentary
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    Trade War Drives Market Volatility

    Investors’ nerves were tied to the developments of trade war between US and China in the last couple of weeks, as the global stock market whipsawed violently in both directions. Dow Jones Industrial Average (DJIA) plunged more than 510 points in the opening on 4 April 2018 following news that China plans to retaliate with a matching tax on US$50 billion worth of American products. However, DJIA swiftly recovered rallying 741 points, to end the day in positive territory as Trump softened stance. Last fortnight, DJIA rose 2.3 percent to close at 24,505.22.

  • Jimmy Ng
  • 06 April 2018
  • Singapore Market Commentary
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    Global Trade War’s Ripple Effect On Market

    Trump’s administration intends to impose tariffs amounting to at least US$50 billion on imports from China, mainly products coming from sectors such as aerospace, information and communication technology and machinery in order to further address the US$375 billion trade deficit with China. The ongoing trade war dragged Dow Jones Industrial Average (DJIA) down by 723.42 points in a single trading day, closing at 23,957.89 on 22 March 2018, marking the second biggest single-day point drop in this year.

  • kendrick.loh
  • 23 March 2018
  • Singapore Market Commentary
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    Heightened Volatility Amid Mixed Signals

    Late into the fortnight, Wall Street’s advance was halted by President Trump’s plan to impose tax tariffs on steel and aluminum imports which could potentially spark a global trade war. The concerns were further intensified by the unexpected resignation of top White House economic adviser Gary Cohn who was widely regarded as having a moderating influence on the tariff proposal. Over the last two week, Dow Jones Industrial Average dipped 0.3 percent to 24,895.21 while S&P 500 Index rose 1.3 percent to 2,738.97.

  • Jimmy Ng
  • 09 March 2018
  • Singapore Market Commentary
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    What Comes After A Global Sell-off?

    Fears of inflation and rising bond yields drove investors into a panic sell-off and set Wall Street on one of its wildest ride ever since the market turmoil in 2015.

  • kendrick.loh
  • 23 February 2018
  • Singapore Market Commentary
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    Investors Unfettered By Markets’ Selloff

    Wall Street saw a mild selloff early this week dropping 540 points from its peak pressured by a spike in 10-year Treasury yield pushing above 2.7 percent. Meanwhile, the first FOMC meeting of the year did not bring much surprise along with it keeping the rates unchanged, though the Fed left room for more rate hikes this year expecting rising inflation. Coupled with Trump’s relatively subdued State of the Union address, Dow Jones Industrial Average made it back to the positive territory registering a 0.6 percent increment to 26,186.71 over the fortnight.

  • Jimmy Ng
  • 02 February 2018
  • Singapore Market Commentary
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    Global Market On The Rise

    For the fortnight, oil prices continued its rally backed by the unexpected decline in US oil stockpiles which saw US production drop 290,000 barrels per day to 9.5 million. This drove crude oil brent prices to exceed US$70 per barrel for the first time in three years, touching an intraday high of US$70.34 on Tuesday.

  • kendrick.loh
  • 19 January 2018
  • Singapore Market Commentary
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    New Year Kicks Off With A Bang

    The US markets kicked off 2018 on a positive note with major indices rallying to record levels fueled by energy and technology stocks. Dow Jones Industrial Average broke 25,000 hitting an all-time high of 25,075.13 on 4 January. Over the fortnight, the US bellwether jumped 1.2 percent while S&P 500 and Nasdaq also reached milestones of their own gaining 1.5 percent and 1.6 percent respectively. Meanwhile, minutes from December Fed meeting revealed a distinct lack of unity over the central bank’s projection of rate hikes this year.

  • Jimmy Ng
  • 05 January 2018
  • Singapore Market Commentary
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    STI Hibernates Ahead Of Year End Festivals

    As widely expected, the Federal Reserve raised benchmark federal-funds rate by a quarter percentage point to between 1.25 percent and 1.5 percent in December FOMC meeting before Yellen stepped down as Fed chairwoman. This marked the US central bank’s third rate hike this year, and hinted another three rate increases in 2018.

  • Jimmy Ng
  • 22 December 2017
  • Singapore Market Commentary
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    An Overdue Correction?

    The US has a couple of reasons for celebrations over the last two weeks. Online sales on Black Friday and Thanksgiving surged to a record US$7.9 billion according to data from Adobe Analytics, jumping 17.9 percent from a year ago. Meanwhile, Dow Jones Industrial Average surged above 24,000 for the first time on 30 November after Republican Senator John McCain’s decision to back Trump’s tax bill delivered a fresh jolt of momentum to the market. At the end of the fortnight, the US bellwether held firm above the 24,000 level gaining 2.9 percent standing at 24,211.48.

  • Jimmy Ng
  • 08 December 2017
  • Singapore Market Commentary
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    GDP Growth Reaffirms Stock Momentum

    Minutes of the Federal Reserve’s November meeting indicated that a rate hike next month remains likely, although it also highlighted worries about the persistently suppressed inflation. Meanwhile, Durable goods orders fell 1.2 percent in October, well below market’s expectation of a 0.3 percent increase. Amid the dovish Fed meeting minutes and soft data, Dow Jones Industrial Average ended the pre-Thanksgiving shortened fortnight 0.3 percent higher at 23,526.18.

  • Jimmy Ng
  • 24 November 2017
  • Singapore Market Commentary
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    Markets March On At Full Throttle

    The FOMC Meeting last week concluded with the Federal Reserve (Fed) holding rates unchanged at between 1 percent and 1.25 percent, although the door is still left open for a December hike. Centrist Jerome Powell, who was seen as more accommodative to Trump’s policies, was nominated as the Fed’s next chairman following Yellen’s term expiry in February. Meanwhile, non-farm payroll report appeared a little mixed with the US economy adding 261,000 jobs in October falling short of Wall Street’s expectation of 310,000. Dow Jones Industrial Average advanced 0.3 percent to close at 23,461.94 as investors await progress of the tax reform while Trump toured Asia on his first-year anniversary of election victory.

  • Jimmy Ng
  • 10 November 2017
  • Singapore Market Commentary
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    Upward Momentum Going Strong

    US benchmark Dow Jones Industrial Average (DJIA) pushed through 23,000 driven by strong earnings from tech giants including Amazon, Alphabet, Microsoft and Intel. Early this week President Trump mentioned that he was very close to naming the next Fed chair while the Senate has also approved Republican’s budget bill signifying a major step forward in their tax cut plans. These series of positive news proved very helpful in sustaining the uplift sentiments, as DJIA ended the fortnight gaining 2.5 percent at 23,400.86.

  • Jimmy Ng
  • 27 October 2017
  • Singapore Market Commentary
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    Markets Stoked To Life With Record Peaks

    Nonfarm payrolls report last Friday announced that US lost 33,000 jobs in September impacted by Hurricanes Harvey and Irma, but hourly wages rose 2.9 percent from a year earlier. Meanwhile, Fed minutes from its September discussions suggest an additional rate hike despite the low inflation. As a result of the upbeat sentiments, Dow Jones Industrial Average notched a record high at 22,872.89 on 11 October for the first time ever. Over the last two weeks, the US bellwether registered a 2.2 percent gain to close at 22,841.01.

  • Jimmy Ng
  • 13 October 2017
  • Singapore Market Commentary
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    Optimism Returns Ending Losing Streak

    Pursuant to the FOMC meetings held last week, Federal Reserve announced that it would start to unwind its balance sheet by $10 billion a month commencing in October. The central bank also kept interest rates unchanged, though it is widely believed that the likelihood of a December rate hike remained on the table. On top of that, renewed hopes of a tax reduction as Republican leaders released a plan to overhaul the US tax code provided tailwind to elevate the market further. As a result, Dow Jones Industrial Average climbed 0.8 percent to close at 22,381.20.

  • Jimmy Ng
  • 29 September 2017
  • Singapore Market Commentary
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    DJIA Sets New Record Despite Looming Uncertainties

    North Korea’s nuclear test last week triggered a responsive global sell-off which saw the Dow Jones Industrial Average (DJIA) pulling back 1.1 percent within a single day on 5 September. Nevertheless, the US bellwether displayed remarkable resilience with a quick recovery and continued to set new record highs. Over the fortnight, DJIA rose 1.4 percent to close at 22,203.48. Meanwhile, the much-anticipated launch of Apple’s new iPhones lent strength to the tech giant and its suppliers. Over the last two weeks, tech-heavy Nasdaq Composite Index climbed one percent to finish at 6,429.08.

  • Jimmy Ng
  • 15 September 2017
  • Singapore Market Commentary
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    North Korea’s Missile Shakes Markets; HSI Advances Amid Worries

    Jackson Hole Symposium ended last week without much surprises, with neither Fed Chairwoman Janet Yellen nor European Central Bank President Mario Draghi providing any specific details about future monetary policy. Despite being badly shaken by North Korea’s missile test over Japanese airspace on 29 August morning, markets staged a quick recovery following US’s sedate response to the provocation. Over the fortnight, US’s Dow Jones Industrial Average gained 0.7 percent to close at 21,892.43.

  • Jimmy Ng
  • 31 August 2017
  • Singapore Market Commentary
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    US-North Korea Tensions Bruise STI

    Wall Street took a beating last week amidst escalating geopolitical tensions between Washington and Pyongyang, which saw the Dow Jones Industrial Average (DJIA) plunging 204.69 points within a single day on 10 August. The conflict, however, turned a knob lower this week when the isolated nation decided not to proceed with its threatened attack on Guam. Coupled with the dovish FOMC minutes, the US bellwether reclaimed its 22,000 territory on 16 August. Nevertheless, investors were shaken following a terror attack in Spain on 17 August and DJIA lost 1.3 percent over the fortnight to close at 21,750.73.

  • Jimmy Ng
  • 18 August 2017
  • Singapore Market Commentary
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    Robust Earnings Season Lifts Global Stock Market

    In line with market’s expectation, Federal Reserve’s (Fed) latest meeting on 25 – 26 July ended with interest rates being left unchanged. Coupled with strong corporate earnings, in particular from iphone maker Apple which reported a robust quarterly result beating analysts’ estimates, Dow Jones Industrial Average broke 22,000 for the first time on 2 August closing at 22,016.24. For the fortnight, the US bellwether advanced 1.9 percent to end at 22,026.10. Meanwhile, the S&P 500 and Nasdaq Composite Index lost 0.1 percent and 0.8 percent respectively to finish at 2,472.16 and 6,340.34.

  • Jimmy Ng
  • 04 August 2017
  • Singapore Market Commentary
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    STI Pushes New Highs Aided By Regional Markets’ Advances

    Dow Jones Industrial Average (DJIA) hit another record high driven by the resurgence of technology stocks. The US bellwether closed up 1.4 percent to close at 21,611.78 while the Nasdaq Composite Index jumped 4.9 percent to close at 6,390.00 for the fortnight.

  • Jimmy Ng
  • 21 July 2017
  • Singapore Market Commentary
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    Markets Bobble On Mixed Signals

    Markets seemed to bobble, lacking a clear trend in either direction over the last two weeks. The Fed’s latest meeting found policymakers divided over the timing to unwind their massive balance sheet. Over the fortnight, Wall Street’s benchmark Dow Jones Index slid 0.4 percent to close at 21,320.04.

  • Jimmy Ng
  • 07 July 2017
  • Singapore Market Commentary
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    Markets Enter Healthy Correction Phase

    Pursuant to US Fed raising its benchmark interest rate by another 25 basis points to 1 – 1.25 percent and signaling another increase in the later part of the year, Dow Jones marked another record high of 21,528.99 on 19 June. Nevertheless, profit taking and falling oil prices pressured the Wall Street benchmark to shed some gains. Over the fortnight, Dow climbed one percent to close at 21,397.29. Meanwhile, Nasdaq experienced a much heavier sell-off to lose 1.3 percent closing at 6,236.69 while S&P 500 remained largely flat at 2,434.5.

  • Jimmy Ng
  • 23 June 2017
  • Singapore Market Commentary
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    Markets Drift Higher; Awaiting Clearer Picture

    Investors trod cautiously in the face of mounting uncertainties, awaiting more clarity with regard to forthcoming UK’s election and FBI director James Comey’s testimony to the Senate this week. No doubt Comey’s testimony put Trump in an unfavorable light, it still fell short of building a case of obstruction of justice.

  • Jimmy Ng
  • 09 June 2017
  • Singapore Market Commentary
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    Noble Hogs Headlines; More Tightening Expected

    Wall Street experienced a sharp selloff on 17 May as Trump’s drama unfolded, and saw the Dow Jones Industrial Average (DJIA) shedding 373 points in a single day, its worst day since September 2016. Nevertheless, the benchmark index recovered lost ground with six straight days of gains while market gathered its nerve. Following Federal Reserve’s latest policy meeting revealing a general agreement to shrink its balance sheet and a likely rate hike next month which is largely in line with expectation, DJIA ended the fortnight advancing 0.8 percent to close at 21,082.95. Correspondingly, S&P 500 and Nasdaq climbed 0.9 percent and 1.5 percent respectively, to finish at 2,415.07 and 6,205.26.

  • Jimmy Ng
  • 26 May 2017
  • Singapore Market Commentary
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    STI Stands Firm Above 3,200 On Upbeat Banks’ Earnings

    Broad market benchmarks in the US finished little-changed in the fortnight without new catalysts to push the market higher. Pro-EU Emmanuel Macron’s closely-watched victory in the French presidential election came in as expected, which calmed investors’ anxiety of a potentially unsettling Eurozone.

  • Jimmy Ng
  • 12 May 2017
  • Singapore Market Commentary
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    Dow Tests 21,000 As Trump Introduces Tax Cut

    The Dow Jones Industrial Average (DJIA) staged a strong rally this week following a relief triggered by centrist Emmanuel Macron’s strong lead ahead of far-right candidate Marine Le Pen in the first round of the French presidential election, while worries over geopolitical tensions subsided concurrently.

  • Jimmy Ng
  • 28 April 2017
  • Singapore Market Commentary
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    Markets Nervy On Mounting Geopolitical Tensions

    Global markets dipped slightly weighed down by intensifying geopolitical tensions following US’s missile strikes in Syria as well as deployment of US aircraft carrier to the Korean Peninsular. Nevertheless, the uneasiness was somewhat relieved by the amicable meeting between Chinese leader Xi Jinping and US President Trump, with both parties indicating no intentions to start a trade war and will instead engage in a 100-day trade negotiation. For the fortnight, the Dow Jones Industrial Average fell 0.7 percent to close at 20,591.86 while the S&P 500 dropped one percent to close at 2,344.93.

  • Jimmy Ng
  • 13 April 2017
  • Singapore Market Commentary
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    Sentiments Weaken As Obamacare Repeal Fails

    The Dow Jones Industrial Average (DJIA) ended its record-setting 110 trading days without a decline of one percent or more on Tuesday 21 March, when it closed 238 points down at 20,668.01. The pull-back persisted, as DJIA continued to fall another 117 points notching an 8-day losing streak last seen only in August 2011. This shift in market sentiment came after House Republicans’ failure of the repeal of Obamacare last week, which cast doubts on Trump’s abilities to implement tax cuts and other fiscal policies as promised. Despite a 151-point rebound on 28 March, overall DJIA lost one percent to close at 20,728.49 in the fortnight. Likewise, S&P 500 retreated 0.6 percent while Nasdaq rose 0.2 percent to close at 2,368.06 and 5,914.34 respectively.

  • Jimmy Ng
  • 31 March 2017
  • Singapore Market Commentary
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    Fed Raises Rate In Line With Expectations

    US Federal Reserve ended the FOMC meetings by raising its benchmark interest rate by another 25 basis points and signaled two more hikes this year, on the back of strong employment data and noting that inflation is moving towards its target. In line with general market’s expectations, Wall Street responded with all three benchmark indices closing higher after the announcement. Over the fortnight, Nasdaq gained 0.7 percent to close at 5,900.76 while S&P 500 remained flat at 2,381.38. Dow Jones Industrial Average, however, lost 0.3 percent due to profit taking to close at 20,934.55.

  • Jimmy Ng
  • 17 March 2017
  • Singapore Market Commentary
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    Trump’s Speech Sparks Dow Rally

    Wall Street cheered as Dow Jones Industrial Average (DJIA) closed at 21,115.55 on 1 March for the first time in history. This came after Trump’s sanguine speech to the Congress that lifted investors’ sentiments. To sum it up, DJIA advanced 1.9 percent for the fortnight closing at 21,002.97. Likewise, S&P 500 and Nasdaq Composite Index both gained 1.5 percent and 0.8 percent closing at record territories of 2,381.92 and 5,861.22 respectively.

  • Jimmy Ng
  • 03 March 2017
  • Singapore Market Commentary
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    Buoyant Sentiments Underpinned By Trump’s Promised Tax Plans

    All major indices on Wall Street continued to stage a strong rally, against a backdrop of US President Trump’s promise of a phenomenal tax plan in the not-too-distant future. Dow Jones Industrial Average registered another historical high again in the uncharted territory by closing at 20,619.77 on 16 February, adding another 3.7 percent over the past two weeks. Similarly, both S&P 500 and Nasdaq Composite Index marked out historical highs of 2,349.25 and 5,819.44 respectively after extending a seven-day winning streak. However, both indices ended their seven-day streak of record highs by dipping marginally in the trading session on 16 February. Specifically, S&P 500 closed at 2,347.22 with a net gain of 2.9 percent in the fortnight, while Nasdaq closed at 5,814.9 with an overall gain of 3.2 percent.

  • Jimmy Ng
  • 17 February 2017
  • Singapore Market Commentary
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    Dow Jones Breaks 20,000 Psychological Resistance

    Over the last fortnight, investors take cue from the West for market direction and sentiment with the China and Hong Kong markets closed to celebrate Lunar New Year. Markets welcomed US president-elect Trump’s inauguration with continued rally, as the Dow Jones finally broke the 20,000 psychological level for the first time ever in history.

  • Jimmy Ng
  • 03 February 2017
  • Singapore Market Commentary
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    Global Equities Begin New Year On Positive Note

    In the last fortnight, global equities mostly traded up on positive market sentiments. The first trading day of the New Year saw most equity markets closing in the black, with the Hang Seng Index climbing 0.7 percent, while Nikkei and Shanghai Stock Exchange Composite Index up 2.5 percent and 1 percent respectively.

  • Jimmy Ng
  • 13 January 2017
  • Singapore Market Commentary
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    Singapore Upends Disinflationary Trend

    In the last fortnight, global equities mostly traded sideways during the final days of 2016. Trading volumes were relatively thin in the absence of any market-moving news as investors seemed somewhat reluctant to make any significant moves over the Christmas holiday and ahead of another long weekend for the New Year.

  • don.low
  • 30 December 2016
  • Singapore Market Commentary
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    STI Rally Stalls On Fed’s Hawkish Stance

    On 14 December 2016, the US Federal Open Market Committee (FOMC) concluded the final meeting for year 2016. While meeting general expectations by raising the federal-funds rate by a quarter of a percentage point to between 0.5 percent and 0.75 percent, the Federal Reserve (Fed) further indicated a faster pace of interest rate hikes in 2017.

  • don.low
  • 16 December 2016
  • Singapore Market Commentary
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    Markets Cheer On OPEC Deal

    Global markets cheered as the Organisation of Petroleum Exporting Countries (OPEC) hashed out a deal in its 30 November meeting. The highly anticipated meeting concluded with the oil cartel, as well as non-member Russia, agreeing on terms to restrict output to rein in the oversupply situation more quickly. Brent crude futures, the international benchmark, jumped from about US$46 per barrel to around US$54 per barrel on the news, the highest in 16 months.

  • don.low
  • 02 December 2016
  • Singapore Market Commentary
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    Stocks Rally As Trump’s Shock Subside

    Global equities retraced losses as the aftershock of Donald Trump being elected for US presidency subsided. Better sentiments were generated as the US President-elect retracted some of his extremist rhetoric while toning down on others. Nonetheless, other markets were also led by better-than-expected economic indications about the health of the US economy.

  • don.low
  • 18 November 2016
  • Singapore Market Commentary
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    Investors Jittery As US Election Looms

    In what seems like a depressing fortnight of trading, most global indices slumped as investors fretted over the US presidential election outcome and ‘imminent’ rate hike chatter.

  • don.low
  • 04 November 2016
  • Singapore Market Commentary
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    Markets Falter Before Rallying On Oil Price Rebound

    Early in the past fortnight, stocks came under pressure amid renewed concerns regarding Fed rate hike and global economic weakness arising from China’s disappointing trade data. Stocks finally found strength and rallied this week, amidst a rebound in oil prices.

  • 21 October 2016
  • Singapore Market Commentary
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    Investors Cautious Ahead Of US Jobs Data; Asian Markets Edged Up

    Global equity markets went through volatile trading over the past fortnight with major Wall Street indices ending lower ahead of the United States non-farm payroll data, an important data point that could influence the timing of the Federal Reserve’s next rate hike.

  • 07 October 2016
  • Singapore Market Commentary
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    Wall Street Higher On Fed’s Decision; Asian Markets Lack Strength

    In the last fortnight of trading, global equity markets were mostly lacklustre ahead of September’s Federal Open Market Committee meeting. The Federal Reserve concluded that while the case for an increase in the federal funds rate has strengthened, it has decided to leave rates unchanged to wait for further evidence of continued progress toward its [...]

  • 23 September 2016
  • Singapore Market Commentary
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    hand and pen pointer, chart

    Rough Seas Ahead As Shipping Slump Continues

    In an exciting fortnight of trading, tech-heavy Nasdaq Composite inched up 0.7 percent to close at 5,259.48 on 8 September.

  • joey.hoyw
  • 09 September 2016
  • Singapore Market Commentary
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    hand and pen pointer, chart

    Markets Nervy Before Yellen’s Speech

    It has been a rather lacklustre fortnight of trading, as the Dow Jones Industrial Average (DJIA) and the S&P 500 failed to lift global markets. Ending at 18,576 points two Fridays ago on 12 August, the DJIA ended almost flat at 18,448 on 25 August while the S&P, which fell slightly from record territories, dropped [...]

  • 26 August 2016
  • Singapore Market Commentary
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    thumb-market-commentary

    Global Markets Rally As Oil Prices Surge

    Oil prices rallied more than four percent on Thursday, boosted by comments from Saudi Arabia’s oil minister on the possible actions to stabilize prices as well as forecast by the International Energy Agency that crude oil markets would rebalance in the second half of 2016.

  • Joey Ho
  • 12 August 2016
  • Singapore Market Commentary
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    thumb-market-commentary

    Fed Rates Unchanged; STI Slumps As Local Banks Tumble

    Over in Singapore, the Straits Times Index slumped during the week, almost erasing all year-to-date gains. The STI fell over 2.2 percent in just two days, slipping below 2,880, after closing at 2,941.49 on Wednesday.

  • Joey Ho
  • 29 July 2016
  • Singapore Market Commentary
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    hand and pen pointer, chart

    US Stocks At All-Time High; STI Back In The Green For 2016

    Global equity markets rallied over the past week, with the US S&P 500 Index closing at a record high of 2,163.8 on 14 July, as the longest bull run in history continues to charge on.

  • Tan Jia Hui
  • 15 July 2016
  • Singapore Market Commentary
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    thumb-market-commentary

    Markets Recover Losses As Brexit Fears Fade

    Stock indices across the globe, which fell sharply following last week’s United Kingdom European Union membership referendum, have since recovered losses as Brexit fears fade.

  • Joey Ho
  • 01 July 2016
  • Singapore Market Commentary
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    thumb-market-commentary

    Fed Rates Unchanged, Singapore NODX Rebounds

    The Federal Reserve (Fed) held rates steady during the June Federal Open Market Committee meeting. The Fed commented that a sharp slowdown in U.S. hiring in May added to doubts on the strength of the labour market.

  • Joey Ho
  • 17 June 2016
  • Singapore Market Commentary
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    thumb-market-commentary

    Noble Group Hits New Low, Crude Prices Rebound

    Noble Group made the headlines once again. Following the exit of Chief Executive Yusuf Alireza, the group plans to raise US$500 million in a rights issue while Chairman Richard Elman plans to step down within 12 months.

  • Joey Ho
  • 03 June 2016
  • Singapore Market Commentary
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    thumb-market-commentary

    Global Shares Lower On Rate Hike Expectations

    Global shares were weighed down during the week on renewed rate hike fears as Federal Reserve policymakers rekindled prospects of an interest rate rise as early as June.

  • Joey Ho
  • 20 May 2016
  • Singapore Market Commentary
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    thumb-market-commentary

    Local Manufacturing Activity Extends Contraction, Possible Rate Hike In June

    Singapore’s manufacturing activity contracted in April, marking the 10th consecutive month of contraction. The latest Purchasing Managers’ Index reading stood at 49.8, edging up 0.4 points from 49.4 in March.

  • Joey Ho
  • 06 May 2016
  • Singapore Market Commentary
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    Watch The Contracts For Keppel Corp And SembCorp Marine

    ECB policy makers have decided to leave the central bank’s key interest rates unchanged during their two-day meeting. ECB president Mario Draghi was observed mentioning that the ECB stands “ready” to use all instruments available including further cuts in all its interest rates, in order to ensure that the inflation rate returns to its target. [...]

  • Louis Kent Lee
  • 22 April 2016
  • Singapore Market Commentary
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    thumb-market-commentary

    Watch The Contracts For Keppel Corp And SembCorp Marine

    ECB policy makers have decided to leave the central bank’s key interest rates unchanged during their two-day meeting.

  • Louis Kent Lee
  • 22 April 2016
  • Singapore Market Commentary
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    hand and pen pointer, chart

    Markets Still Under Mercy Of Oil

    The general markets seem to be at the mercy of the oil market. Decisions that are pending on April 17 in Doha on the freezing or cutting of oil production, will very likely set the tone for equity markets. Healthy data for US jobless claims did nothing much to calm market jitters. In fact, volatility [...]

  • Louis Kent Lee
  • 08 April 2016
  • Singapore Market Commentary
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    Markets Still Under Mercy Of Oil

    The general markets seem to be at the mercy of the oil market. Decisions that are pending on April 17 in Doha on the freezing or cutting of oil production, will very likely set the tone for equity markets.

  • Louis Kent Lee
  • 08 April 2016
  • Singapore Market Commentary
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    thumb-market-commentary

    Fed Tapers Rate Hike Expectations; Keep An Eye On Budget 2016

    The multiple attacks in Brussels brought terrorist threats back into the limelight. However, European stock markets proved resilient, with most markets closing flat despite earlier losses.

  • Tan Jia Hui
  • 24 March 2016
  • Singapore Market Commentary
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    thumb-market-commentary

    Slight Oil Price Recovery, Local Covered Bonds See Strong Demand

    As stargazers marvelled at the recent solar eclipse, investors saw an exciting week in the stock market.

  • Joey Ho
  • 11 March 2016
  • Singapore Market Commentary
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    thumb-market-commentary

    Singapore’s Slowest Growth Since 2009 At A Mere 2%

    Now that the celebrations for Lunar New Year have ended, we once again see the markets being plagued by negative news.

  • Xiu Kai Sua
  • 26 February 2016
  • Singapore Market Commentary
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    thumb-market-commentary

    Stock Markets Bleed After Lunar New Year

    Asian stock markets plunged into the red after the Lunar New Year break, catching up with a wide spread global sell off that has wiped billions off valuations amid renewed concerns about the global economy and the possibility of a global recession.

  • Joey Ho
  • 12 February 2016
  • Singapore Market Commentary
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    thumb-market-commentary

    Singapore’s Manufacturing Output Slumps, Shanghai Composite Hits 15-Month Low

    As the first month of 2016 comes to an end, negative news continues to plague markets relentlessly.

  • Joey Ho
  • 29 January 2016
  • Singapore Market Commentary
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    thumb-market-commentary

    Happy New Year, May Not Be So Happy After All

    “A good beginning is half the battle”, a saying that has no place in describing the New Year as the start of 2016 has been anything but good.

  • 15 January 2016
  • Singapore Market Commentary
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    thumb-market-commentary

    Singapore’s IPO Market Weakens, China To Keep Yuan Stable

    As the year comes to an end, we looked back at Singapore’s weakened Initial Public Offering performance. In 2015, 13 IPOs were listed on the Singapore Exchange with only one on the mainboard and the other 12 on Catalist, raising a total of approximately $630 million.

  • Joey Ho
  • 31 December 2015
  • Singapore Market Commentary
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    thumb-market-commentary

    Fed Liftoff Gives Short Boost; Oil Weighs On Markets

    As widely anticipated, the US Federal Reserve announced its first interest rate increase in nearly a decade.

  • Tan Jia Hui
  • 18 December 2015
  • Singapore Market Commentary
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    thumb-market-commentary

    China’s Renminbi Achieves Elite Status, Singapore Economy to Grow Slower

    China’s manufacturing index has fallen to its weakest level in three years, the official Purchasing Managers’ Index fell to 49.6 in November, marking the fourth consecutive month of decline and the lowest figure since August 2012.

  • Joey Ho
  • 04 December 2015
  • Singapore Market Commentary
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    thumb-market-commentary

    M&A Activity In Singapore Gets Heated Up

    The terrorist attack on Paris have caused significant selling pressures in travel-related stocks; Priceline, Expedia, on fears that it would hurt tourism.

  • Louis Kent Lee
  • 20 November 2015
  • Singapore Market Commentary
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    blamechina_feature

    President Xi Jinping’s Visit To Singapore, Potential Beneficiaries

    The results season is in full swing. After seeing the string of earnings beat from the Technological scene in the U.S., we are seeing a mixed bag of results being released in the Lion City.

  • Louis Kent Lee
  • 06 November 2015
  • Singapore Market Commentary
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    stock chart

    Between The Smoke Of Earnings Release, And Europe’s QE

    We have just started hearing a string of earnings releases for 3Q15. Over in the U.S., we have already seen strong earnings release from several bellwether names like McDonalds. Dow Chemicals and Texas Instruments. While it is still early days in the earnings release season, a large group of companies have already reported stellar results [...]

  • Louis Kent Lee
  • 23 October 2015
  • Singapore Market Commentary
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    yuan-down-559x317

    Does The TPP Increase The Chances Of RMB Devaluation?

    On 5 October 2015, a basic agreement for the US-driven Trans-Pacific Partnership (TPP) was reached, that sent a shock wave to China.

  • Louis Kent Lee
  • 09 October 2015
  • Singapore Market Commentary
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    interest-rates-cut

    Rate Hike Still Expected This Year, STI To Trade In Tight Range

    From a charting perspective, the Straits Times Index (STI) is expected to continue trading in its small triangle formation bounded topside resistance at 2,895 and immediate support at 2,825.

  • Louis Kent Lee
  • 25 September 2015
  • Singapore Market Commentary
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    thumb-market-commentary

    Amidst The Rally Talks, Singapore’s Growth Forecast Gets Cut By Moody’s

    At the time of writing, there’s only one more day to voting day. With political chatters all blacked out, the lingering of thoughts said from the speeches all over the island has struck the thinking tone of most Singaporeans.

  • Louis Kent Lee
  • 10 September 2015
  • Singapore Market Commentary
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    thumb-market-commentary

    The Name Is Volatility, Stock Market Volatility

    In just one week, we saw two interventions by the Chinese government to salvage the Chinese markets.

  • Louis Kent Lee
  • 28 August 2015
  • Singapore Market Commentary
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    thumb-market-commentary

    China’s RMB Devaluation, STI Feels Aftershock

    After China surprised the world to change the basis of valuing the RMB, the Straits Times Index was soaked in the red for two days after the lion city resumed trading, post national day celebrations.

  • Louis Kent Lee
  • 14 August 2015
  • Singapore Market Commentary
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    thumb-market-commentary

    Watch The Jobs Data For Rate Hikes Timing

    With the fiasco seen in the Asian markets in just a matter of days in the week of 27th July to 29th July, it is gutsy to say one is not worried.

  • Louis Kent Lee
  • 31 July 2015
  • Singapore Market Commentary
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    thumb-market-commentary

    No Grexit, For Now

    Grexit or not, that was one of the major things market watchers were paying close attention to this week.

  • Louis Kent Lee
  • 16 July 2015
  • Singapore Market Commentary
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    thumb-market-commentary

    Greece Now Joins The Ranks Of Zimbabwe

    Greece. The “G” word that everyone in the International Monetary Fund (IMF) is currently showing disdain to.

  • Louis Kent Lee
  • 03 July 2015
  • Singapore Market Commentary
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    Janet Yellen

    Dovish Sentiment Of The Fed Not Dovish Enough

    Momentum for trading improved after the Fed cut its GDP forecast for the second time in a row, on 17/6/2015, which suggested that US economic growth is still less than expected.

  • Louis Kent Lee
  • 19 June 2015
  • Singapore Market Commentary
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    China Stocks Rise

    The Chinese Bubble Fiasco, When “Expensive” Doesn’t Batter Eyelids

    In case you have missed the noise or volume seen in stocks listed on the Shenzhen Exchange, boy do I have to tell you, what expensive really could mean.

  • Louis Kent Lee
  • 05 June 2015
  • Singapore Market Commentary
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    thumb-market-commentary

    The Hong Kong Roller Coaster Ride; $19b Lost In 1 Day

    I know. It’s the hottest thing right now. How can you not be in the know of how undervalued or how much money is flooding into the Hong Kong market right now yes?

  • Louis Kent Lee
  • 22 May 2015
  • Singapore Market Commentary
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    Market Commentary 459

    Earnings Season In Full Swing, Which Side Is The Market On?

    With the earnings season in full swing, it is not difficult to see market reaction, almost instantaneously if big players report good profit runs.

  • Louis Kent Lee
  • 08 May 2015
  • Singapore Market Commentary
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    72 - Market Comms

    Asian Markets Continue Ascension Despite Grexit Woes

    The Asian markets continued its rally as the Hang Seng index (HSI) broke past the 28,000-mark, which was the first time in 7 years since 2008 before the wake of the global financial crisis (GFC).

  • Peter Ng
  • 24 April 2015
  • Singapore Market Commentary
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    Market Commentary

    Asian Markets Pranced To New Heights Amid Record Transaction Amounts

    Apart from the woes of an interest rate hike, Western economies were rather muted in the past 2 weeks as the S&P 500 index remained under the 2,100 mark.

  • Peter Ng
  • 10 April 2015
  • Singapore Market Commentary
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    Market Commentary

    Market Sings For Joy As US Fed Treads Lightly On Rate Hike

    On 23 March, The Lion City saw the passing of its founding Prime Minister, Mr Lee Kuan Yew, at age 91. A “true giant of history” in the words of US President Barack Obama, his legacy would be remembered by generations to come.

  • Tan Jia Hui
  • 27 March 2015
  • Singapore Market Commentary
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    Market Commentary

    Market Jitters Amid Signs Of Rate Increase

    The unemployment rate in the US continued to slide as the world’s largest economy registered a close to 6-year low unemployment at 5.5% in Feb-15.

  • Peter Ng
  • 13 March 2015
  • Singapore Market Commentary
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    budget

    Post Chinese New Year Market, Budget 2015 In Play

    While most of us were away celebrating Chinese New Year in between bites of barbequed pork and the delightfully deceiving pineapple tarts, the market was actually prepping itself for the second round of results release. Oh, and the budget release. Released on 23 February, Budget 2015 took a focal point after the long Chinese New [...]

  • Louis Kent Lee
  • 27 February 2015
  • Singapore Market Commentary
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    72 - Market Comms

    Settling In The New Norm Of Global Easing

    An ease on global monetary policy seems to have established a new trend. Well, perhaps other than in the US.

  • Tan Jia Hui
  • 06 February 2015
  • Singapore Market Commentary
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    68-Perspective - Capital Movements

    In The Name Of Volatility And Board Lot Size Change

    Volatility was the key word we saw in trading sessions in Western bourses over the past few days. Despite witnessing rough trading sessions over 19 Jan-15 to 21 Jan-15, the US stock market still eked out 4 consecutive winning sessions. Controversial happenings that got our attention were Standard & Poor’s suspension from rating bonds for [...]

  • Louis Kent Lee
  • 23 January 2015
  • Singapore Market Commentary
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    Market Commentary

    Santa Rally Extends Through January

    Following a gun attack in Sydney, Australia, that happened slightly more than a week before Christmas in 2014, there was yet another one which occurred in Paris, France, on 8 Jan-15, which left 12 people dead. France’s president, Francois Hollande, concluded the attack as an act of terrorism. However, the attack was insufficient to deter [...]

  • Peter Ng
  • 09 January 2015
  • Singapore Market Commentary
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    market commentary

    Limelight Remains On Oil As Saudi Arabia Resists Production Cuts

    Amid an oversupply condition of oil driven by a historical high level of US oil production which was further exacerbated by members of the Organization of Petroleum Exporting Countries resisting to cut production, crude oil prices saw the largest annual decline since 2008. However, words from Saudi Arabia’s oil minister has sparked optimism as he [...]

  • Peter Ng
  • 26 December 2014
  • Singapore Market Commentary
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    market commentary

    World Market Tumbles On Oil Supply Glut

    Crude oil market participants glued to their screens would have been greeted with a sea of red as WTI crude oil sinks to 5-year low. Elsewhere, Europe and Japan battle potential recessions.

  • Shane Goh
  • 12 December 2014
  • Singapore Market Commentary
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    Market Commentary

    The New Oil Order; Below US$80 Crude Oil

    Market participants were expecting that the Organisation of the Petroleum Exporting Countries (OPEC) would not scale back production to reverse a dive in oil prices.

  • Peter Ng
  • 28 November 2014
  • Singapore Market Commentary
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    thumb-market-commentary

    US Indices Rally While Poll Shows Europe Pessimism

    Dow Jones rallied to a record high in the past 2 weeks, aided by positive US unemployment figures. However, the positive sentiment is not shared by its global counterparts.

  • Shane Goh
  • 14 November 2014
  • Singapore Market Commentary
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    Market Commentary

    QE Dead On Halloween, Now What?

    Quantative Easing, a six-year old stimulus programme broken into three phases, was directed by the US Federal Reserve to keep interest rates at close to zero, has officially concluded on 29-Oct (US time), just in time for Halloween.

  • Peter Ng
  • 31 October 2014
  • Singapore Market Commentary
  • Back to top
    thumb-stock-performance

    STI Back In The Red For 2014

    Since hitting its intra-day record-high on 19 Sep-14, the US Dow Jones index has shed 7.1% to close at 16,117.24 on 16 Oct-14. In Europe…

  • Shane Goh
  • 17 October 2014
  • Singapore Market Commentary
  • Back to top
    Xi Jinping has managed to shift the focus on Hong Kong's Glitz, not its protests.

    Markets On The Verge While China Market Rallies

    As quantitative easing by the US Federal Reserve is set forth to end by this month, Chairwoman of the US Fed, Janet Yellen, stated on 24 September that the US Fed’s commitment to keep interest rates near zero…

  • Peter Ng
  • 03 October 2014
  • Singapore Market Commentary
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    thumb-market-commentary

    US Markets Push New Highs; STI Holds Support

    Amid the lacklustre inflation data tracked by the movement in the US consumer price index, as the index registered a growth of 1.7% in the 12 months to August…

  • Peter Ng
  • 19 September 2014
  • Singapore Market Commentary
  • Back to top
    Stock market graph

    East Europe Cease Fire; Mixed World Manufacturing Data

    Market euphoria over the past 3 years has caused price-to-earnings ratios variance among the 50 biggest companies on the index to narrow to near-record lows.

  • Shane Goh
  • 05 September 2014
  • Singapore Market Commentary
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    thumb-market-commentary

    Uncertainty Looms Amid Weaker Global Performance

    All eyes are placed on the US market amid an economic conference sponsored by the US Federal Reserve to be held at Jackson Hole on 21 August, as market participants await the outcome of the meeting for signals of a sooner-than-expected interest rate hike.

  • Peter Ng
  • 22 August 2014
  • Singapore Market Commentary
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    thumb-market-commentary

    Geopolitical Unrest Dampens Sentiment In Markets

    Would Mr Market take this episode in its stride or would it be the straw that broke the camel’s back?

  • Ong Qiuying
  • 08 August 2014
  • Singapore Market Commentary
  • Back to top
    Market Commentary

    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 [...]

  • CMC Markets
  • 31 July 2014
  • Singapore Market Commentary
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    stocks-market

    Mixed Signals From US Data; STI Hits 1-Year High

    The broader Straits Times Index hit a 1-year high of 3,357.35 on 25 Jul-14. Over the past 2 weeks, the local benchmark registered a 56.44 points gain, or up 1.7%, to close at 3,350.17.

  • 25 July 2014
  • Singapore Market Commentary
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    Weekly-Market-Review1-300x198

    Almost A Miss For The STI

    According to the International Monetary Fund (IMF), global economic activity is expected to emerge stronger in 2H14 and accelerate in 2015.

  • Peter Ng
  • 11 July 2014
  • Featured, Singapore Market Commentary
  • Back to top
    Weekly-Market-Review1-300x198

    Rosy US Picture Not Shared In Asia

    In line with its prior cuts, the US Federal Reserve continued the reduction of its Quantitative Easing programme, by a further US$10b, to US$35b.

  • Shane Goh
  • 27 June 2014
  • Singapore Market Commentary
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    iStock_000004643142XSmall

    World Bank Cuts Global Growth Further; Stormy Forecasts Ahead?

    The World Bank has downgraded its global growth estimates for 2014 to 2.8% from its January forecast of 3.2%, citing the need for urgent reforms with the bad weather in US, Ukraine crisis, rebalancing in China and the anticipated rise in interest rates.

  • Ong Qiuying
  • 13 June 2014
  • Singapore Market Commentary
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    iStock_000004643142XSmall

    Market To See Consolidation Ahead Of World Cup

    The US economy declined by a larger-than-expected 1% in 1Q14, the first contraction in 3 years as it buckled under the weight of a severe winter, which economists estimate could have chipped off as much as 1.5ppt off the gross domestic product (GDP).

  • Ong Qiuying
  • 30 May 2014
  • Singapore Market Commentary
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    iStock_000004643142XSmall

    Robust US Jobs Card; May Adage May Come Through

    Signs of the world’s largest economy making progress towards the US Federal Reserve’s long-term unemployment and inflation targets of 6.5% and 2% respectively, is taking shape as the fewest number of Americans in 7 years filed applications for unemployment benefits and the cost of living rose in Apr.

  • Nicholas Tan
  • 16 May 2014
  • Singapore Market Commentary
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    iStock_000004643142XSmall

    US Shows Signs Of Positivity; Singapore To Grow 2% To 4% In 2014

    Over in the US, economic data coming out from the world’s largest economy shows a series of positive signs as gross domestic product grew at a 0.1% annualised rate for the first quarter of 2014, compared with a 2.6% gain in the prior quarter, reported the US Department of Commerce.

  • Nicholas Tan
  • 02 May 2014
  • Singapore Market Commentary
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    iStock_000004643142XSmall

    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 [...]

  • CMC Markets
  • 29 April 2014
  • Singapore Market Commentary
  • Back to top
    Weekly-Market-Review1-300x198

    STI Races To 7-Month High On Billion-Dollar Offers

    On a marco level, disappointing China figures dampened positive US data. Back home, billion-dollar offers featured in the headlines with CapitaLand, Ong Beng Seng and Wheelock Properties targeting their subsidiaries.

  • Shane Goh
  • 17 April 2014
  • Singapore Market Commentary
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    iStock_000004643142XSmall

    US Recovery Steady; Local Stocks Regain Shine

    In the US, the recovery appears to be on track as manufacturing data expanded at a faster pace in March to end a winter depressed 1Q14.

  • Nicholas Tan
  • 04 April 2014
  • Singapore Market Commentary
  • Back to top
    Stock market graph

    STI Plunges To One-Month Low; Downtrend Gaining Momentum

    Just when it seemed like the Straits Times Index is making its way back into positive territory year-to-date, a series of adverse developments put the brakes on and had the local benchmark in reverse gear.

  • Choo Hao Xiang
  • 21 March 2014
  • Singapore Market Commentary
  • Back to top
    thumb-market-commentary

    Tension In Ukraine Shocks Markets; Uncertainty Persists

    Ukraine hit markets hard as tanks and warships threatened the global markets in the Crimean showdown.

  • Ong Qiuying
  • 07 March 2014
  • Singapore Market Commentary
  • Back to top

    STI Stands Resilient Despite Unsettling Global Economic Data

    In the US, jobless claims for the week ended Feb-15 dropped by 3,000 to 336,000.

  • Peter Ng
  • 21 February 2014
  • Singapore Market Commentary
  • Back to top

    STI Tumbles At The Start Of The Horse Year

    The Fed ended its latest FOMC meeting by continuing its gradual tapering path of its unprecedented quantitative easing programme, reducing its bond buying activities to US$65b per month.

  • Shane Goh
  • 07 February 2014
  • Singapore Market Commentary
  • Back to top
    iStock_000004643142XSmall

    Weak Job Card A Blip; Penny Stocks Back In-Play?

    In the west, US employers may have hired the fewest workers in 3 years in Dec-13, but the setback is likely to be temporary amid signs that cold weather conditions might have played a part.

  • Nicholas Tan
  • 17 January 2014
  • Singapore Market Commentary
  • Back to top

    DJIA And Nikkei Hit Record Highs As STI Enters 2014 Flat

    In his latest act since taking office in Dec-12, Japanese Prime Minister Shinzo Abe unveiled the nation’s biggest ever budget. Its government will spend 95.9t yen in the year from Apr-14 as it seeks to stimulate the economy.

  • Shane Goh
  • 03 January 2014
  • Singapore Market Commentary
  • Back to top
    thumb- index

    STI Poised For Worst December Performance Since 2002

    Five trading days. That is how little the amount of time we have until the New Year. Coupled with the holiday mood that is kicking in, it seems that the Straits Times Index (STI) is poised to register its worst performance in the month of December in more than a decade.

  • Choo Hao Xiang
  • 20 December 2013
  • Singapore Market Commentary
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    iStock_000004643142XSmall

    Will Santa’s Rally Come True Amidst Taper Talks?

    “Unless something kills this economy, the Fed has to taper,” David Kelly, chief market strategist at JP Morgan Funds said.

  • Ong Qiuying
  • 06 December 2013
  • Singapore Market Commentary
  • Back to top
    Market Commentary

    Crossroad Looms Ahead; Beware Of Pitfalls

    By now, we would probably have heard of the word “tapering” a billion times, so the key question lies as to whether is tapering good for the economy? Or not tapering is better?

  • Nicholas Tan
  • 22 November 2013
  • Singapore Market Commentary
  • Back to top
    Market Commentary 459

    DJIA Touches New High As US Budget Deficit Hits 5-Year Low

    For the first time in five years, the US government posted a budget deficit below US$1t at US$680.3b in 2013, down from US$1.1t a year ago.

  • Shane Goh
  • 08 November 2013
  • Singapore Market Commentary
  • Back to top
    thumb-market-commentary

    Headline-Driven Markets Trade With Cautious Optimism

    Markets remain dominated by headlines for the past fortnight as they enjoy some form of relief rally for a while following a deal reached to end the US government shutdown coupled with the diminishing likelihood of tapering this year in view of a mixed bag of economic data.

  • Ong Qiuying
  • 25 October 2013
  • Singapore Market Commentary
  • Back to top
    market commentary

    Turbulence Abroad; Savage Selling Unleashed At Home

    In the past 2 weeks drama unfolded in the US with the Republicans unable to reach a consensus with the incumbent government on increasing the debt ceiling, which led to a partial shutdown of the Obama administration.

  • Nicholas Tan
  • 11 October 2013
  • Singapore Market Commentary
  • Back to top
    thumb-market-commentary

    US Debt Battle Ends STI’s Best Week Run

    After enjoying the best week year-to-date for the 5-day period ended 20 Sep-13 with an impressive 3.8% gain, the Straits Times Index was brought back to Earth. Excitement about the US Federal Reserve staying its QE course died down and the focus was shifted to the US debt ceiling.

  • Choo Hao Xiang
  • 27 September 2013
  • Singapore Market Commentary
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    Uplifting US Economic Data Boosts Case For Fed Tapering

    The all-important US unemployment rate for August was released last week, coming in at 7.3%, down from 8.1% a year ago and 7.4% in July, approaching the 7% target set by the Federal Reserve and reaffirming the anticipated cut of its Quantitative Easing program.

  • Shane Goh
  • 13 September 2013
  • Singapore Market Commentary
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    STI On Longest Losing Streak Since 2002

    There was not much to cheer about in the second half of August. The Singapore market was mired in red ink as the Straits Times Index went on its longest losing streak in 11 years. In a 10-day loss which ended on 28 August, the local benchmark shed over 240 points or about 7.5% as it fell to a nine-month low.

  • Choo Hao Xiang
  • 30 August 2013
  • Singapore Market Commentary
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    Better Data Sparks Change In Global Sentiment

    US July retail sales rose for the fourth month by 0.2% m-o-m, better than expected, following a 0.6% gain in the previous month.

  • Nicholas Tan
  • 16 August 2013
  • Singapore Market Commentary
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    Uncertainty: Flavour Of The Fortnight

    Markets have been swinging back and forth on the words of the global leaders as well as economic data hits and misses. Uncertainty looms ahead as investors continue the guessing game of when the quantitative easing will end.

  • Ong Qiuying
  • 26 July 2013
  • Singapore Market Commentary
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    Market Commentary 459

    Can 2Q13’s Earnings Season Help Lift The Markets?

    So, where are we exactly? I mean, we have been looking at wild swings these past couple of weeks across markets. This was made even more apparent with the strong statement conveyed by the Federal Reserve pertaining its reluctance of more asset purchases unless it deems the economy bad enough for it to do so and intervene with such action, famously known as quantitative easing.

  • Louis Kent Lee
  • 12 July 2013
  • Singapore Market Commentary
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    Market Commentary 459

    STI Goes Back To Square One

    In the short term, the stock market behaves like a voting machine, but in the long term, it acts like a weighing machine. This saying by Benjamin Graham aptly described June showing. After spending five months hiking up, stocks were playing a game of seesaw in June. At the halfway mark, the Straits Times Index found itself right back at where it started the beginning of 2013.

  • Choo Hao Xiang
  • 28 June 2013
  • Singapore Market Commentary
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    Market Commentary 459

    Dear Markets: Are You Ready For The QE Withdrawal?

    While most of the global indices seemed to enter a correction phase, a good-but-not-great May jobs data was strong enough to lift US market higher, but not so strong as to push the Fed towards a slowdown in easing. Specifically, the jump in jobs was not sufficient enough to cause a substantial jump in income levels, signifying retail sales growth will likely to be soft for a second consecutive month.

  • Jade Lee
  • 14 June 2013
  • Singapore Market Commentary
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    Bulls Struggle As Markets Fret Over QE And Fragile Outlook

    While markets had a smooth sailing start to the year that saw several indices peaked at new highs, the last fortnight saw the bulls struggle to find footing.

  • Ong Qiuying
  • 31 May 2013
  • Singapore Market Commentary
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    Sell In May And Go Away – No Way!

    The adage “sell in May and go away” may not come true this year.

  • Jade Lee
  • 17 May 2013
  • Singapore Market Commentary
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    Market Commentary 459

    More Quantitative Easing Measures Fuels Global Markets

    A five year low US jobless claims and comments from the ECB President Mario Draghi that he is open to negative deposit rates strengthened the Dow Jones Industrial Average’s position.

  • Nicholas Tan
  • 03 May 2013
  • Singapore Market Commentary
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    Sell Offs In Gold, China’s Slowing Growth, Markets Remain Wary

    What goes up must come down. Since March, we’ve been seeing gold prices taking a hit, this was given yet another kick on 10 April, when a European Commission report showed that Cyprus might be forced to sell bullion reserves to raise money for its bailout.

  • Louis Kent Lee
  • 19 April 2013
  • Singapore Market Commentary
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    STI Starts Second Quarter On 5-Year High

    The Singapore market took a step further after ending the first quarter on a fresh high. In addition to the new record $949.4b in total market value of firms listed on the Singapore Exchange in Mar-13, the local benchmark Straits Times Index mirrored its US counterparts to achieve its best finish in 5 years as the second quarter got underway.

  • Choo Hao Xiang
  • 05 April 2013
  • Singapore Market Commentary
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    Cyprus Revives Eurozone Woes; Markets Cautious

    Boosted by a better-than-estimated retail sales and jobless claims data, the Dow Jones Industrial Average stayed in the positive territory for a fourth week and posted 10 straight days of gains through to 14 Mar although it declined after a gauge on consumer confidence fell on 15 Mar.

  • Ong Qiuying
  • 22 March 2013
  • Singapore Market Commentary
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    Markets A Mixed Bag On Strong Data And Cooling Measures

    Equity markets went into overdrive with the Dow Jones Industrial Average (DJIA) setting its third straight all-time high at 14,329.49 on 8 Mar, bettering its previous record highs performance.

  • Nicholas Tan
  • 08 March 2013
  • Singapore Market Commentary
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    STI Greets Year Of Snake With A Bang

    Investors were in for a treat as they welcomed the Year of the Snake. The Straits Times Index reached a new 28-month high a few days after markets reopened following the Lunar New Year holiday. But the party was cut short as caution started to set in amid news that the US Federal Reserve may scale back its economic stimulus

  • Choo Hao Xiang
  • 22 February 2013
  • Singapore Market Commentary
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    Markets Mostly In The Green For The Month Of January

    It seems like the movement of markets in January has been in anticipation of the earnings reporting season. Positive moves have been apparent of large across the global markets.

  • Louis Kent Lee
  • 01 February 2013
  • Singapore Market Commentary
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    Markets In Mixed Trading On Lack Of Catalysts

    Market indexes hover near their recent peaks in mixed trading as they await the next market moving news.

  • Ong Qiuying
  • 18 January 2013
  • Singapore Market Commentary
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    Budget Delay Until January Seen Aiding Both Parties In Congress

    Fiscal Cliff Deal Pumps Global Markets With Confidence

    2013 was ushered in with a bang as the fiscal cliff was averted at the eleventh hour as Congress agreed to a series of tax hikes that will allow the US to avoid fiscal catastrophe that would have come with steeper increases and sharp spending cuts.

  • Louis Kent Lee
  • 04 January 2013
  • Singapore Market Commentary
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    Year-End Rally Continues On Fiscal Cliff Deal Optimism

    With each passing minute, clocks are ticking down for the US White House and Congress to reach a deal before the nation falls off the looming “Fiscal Cliff”.

  • Daxx Chong
  • 21 December 2012
  • Singapore Market Commentary
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    Early Christmas Gift For Markets

    Market prayers were answered. That seemed to be the case for the past fortnight as most of the regional indices ended in positive territories.

  • Choo Hao Xiang
  • 07 December 2012
  • Singapore Market Commentary
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    Global Markets Up On US Fiscal Cliff Hopes

    Once again, there is nothing new under the sun. The Eurozone debt crisis continues with the Troika failing to agree on how to get Greece’s debt down to a sustainable level with a third meeting set on 26 Nov.

  • Jade Lee
  • 23 November 2012
  • Singapore Market Commentary
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    Looming Fiscal Cliff Stoke Fears In Markets

    Markets shifted focus to the US fiscal woes after the re-election of Democrat President Barack Obama and investors are now wary that a “fiscal cliff”, which would bring along mandated tax increases and spending cuts, could lead US back into a recession.

  • 09 November 2012
  • Singapore Market Commentary
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    Weak Outlook Continues To Be Tipping Point For Market Participants

    In the US, results from DuPont, 3M and Alfa Laval have been disappointing, and this trend is quite prevalent.

  • 25 October 2012
  • Singapore Market Commentary
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    Triple Challenge Continues To Haunt Markets

    Now you see it, now you don’t. As swiftly as the Straits Times Index trekked upwards beyond the 3,100 mark, a level not seen for more than a year, lingering worries about 3 major regions whopped the local bourse back to levels prior to the QE3 announcement.

  • Choo Hao Xiang
  • 12 October 2012
  • Singapore Market Commentary
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    QE3 Fever Fizzles; Growth Woes Back In Spotlight

    After a rally fuelled by optimism over central bank stimulus measures, the boost from the Fed’s US$40b asset-buying plan weakened after Philly Fed President Charles Plosser questioned the effectiveness of the latest QE3 and markets slipped back into the red in the second week of the fortnight.

  • Editorial Team
  • 28 September 2012
  • Singapore Market Commentary
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    Finally, QE3! But How Long Will This Rally Last?

    So, Professor Chan’s much sought after, Quantitative Easing Part III is here!

  • Editorial Team
  • 14 September 2012
  • Singapore Market Commentary
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    Is This The Calm Before The Storm?

    Quiescent – that summed up the local equities market showing for the month of August.

  • Editorial Team
  • 31 August 2012
  • Singapore Market Commentary
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    What To Expect After The Earnings Season?

    Investors were largely on the sidelines as cautious sentiments remained the flavour of the month, despite some sessions of gains in the markets over the fortnight driven by firmer US economic data and expectations of some form of quantitative easing by central banks.

  • Editorial Team
  • 21 August 2012
  • Singapore Market Commentary
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    What To Expect After The Earnings Season?

    Investors were largely on the sidelines as cautious sentiments remained the flavour of the month, despite some sessions of gains in the markets over the fortnight driven by firmer US economic data and expectations of some form of quantitative easing by central banks.

  • Editorial Team
  • 17 August 2012
  • Singapore Market Commentary
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    August – The Harbinger Of Economic Recovery Or Further Gloom?

    Hopes have been building towards a global economic recovery in the third quarter of the year as many analysts had viewed the second quarter as the bottoming of indices.

  • Editorial Team
  • 03 August 2012
  • Singapore Market Commentary
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    STI Clears 3,000; Rally To Test Next Resistance?

    Traders were quick to realign their focus on upbeat US corporate earnings and buoyant home builders’ sentiment after Ben Bernanke offered no hint of QE III.

  • Editorial Team
  • 24 July 2012
  • Singapore Market Commentary
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    Euro Woes Spell Rocky Road Ahead

    “Trying to time the markets has proved impossible this year,” said CIMB.

  • Editorial Team
  • 06 July 2012
  • Singapore Market Commentary
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    Euro Theatrics Shift Focus As Markets Look On With Unease

    Antonis Samaras, the newly minted Greek Prime Minister put an end to that odd sense of deja vu after Greece’s election results were released on 18 June 2012.

  • Editorial Team
  • 29 June 2012
  • Singapore Market Commentary
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