Weekly Market Commentary by Asiasons WFG
Trading Week: October 18-22 The local stock market fell for the first time in eight weeks, triggered by the sudden hike in China interest rate. The benchmark FSSTI fell 30.70 points or 0.96 per cent to close the week at 3,173.57. Average daily turnover improved slightly to 2.08 billion shares worth S$2.26 billion compared to...
Market Commentary by UOB Economic Treasury Research
China: PBoC Tightens Further With Interest Rate Hikes China’s central bank on Tuesday announced its first interest rate increase since 2007, by 25 basis points (instead of the traditional 27 bps moves) as China belatedly joined most of other Asian central banks amidst a backdrop of growth normalisation, consumer/asset price inflation, and “hot money” inflows....
Weekly Market Commentary by Asiasons WFG
Trading Week: October 11-15 Liquidity continued to push the Singapore market higher for another week, its eighth straight week of rises. The bench- mark FSSTI rose 50.93 points or 1.62 per cent to close the week at 3,204.27. Average daily turnover improved slightly to 2.07 billion shares worth S$1.97 billion from 1.92 billion shares worth...
Market Commentary by UOB Economic-Treasury Research
Asian Currencies Largely Firmer Against US Dollar Asian currencies were largely firmer against the USD on Monday, although activity slowed somewhat due to the US bond market holiday and public holiday in Japan. The reported temporary hike in China’s reserve ratio suggests that PBoC is tilting towards the policy normalisation path. In the Asian session...
Market Commentary by Asiasons WFG Research
Trading Week: October 4-8 Liquidity and positive sentiments continued to push the market higher for the seventh consecutive week. Quantity easing was the main catalyst of the weeks. On Tuesday, Japan Central Bank surprised the market by lowering its key interest rate to a range of 0 per cent to 0.1 per cent. On the...
Market Commentary by UOB Economic-Treasury Research
Malaysia: 2011 Budget Preview The Malaysian government is scheduled to unveil its Budget for 2011 on October 15. The Budget will be along the lines of the 10th Malaysia Plan (MP) and the Economic Transforma- tion Programme (ETP) that were announced earlier this year. The Budget is likely to be centred on the implementation of...
Market Commentary by UOB Economic-Treasury Research
Australia: RBA Catches Most By Surprise As It Stays Pat at 4.5 Per cent The Reserve Bank of Australia left the cash rate on hold at 4.5 per cent for the fifth month in row. Although the move defied expectations, the accompanying statement had a warning about future rate rises. RBA Governor Glen Stevens said...
Weekly Market Commentary by Asiasons WFG Securities
Positive sentiments continued to push the market up for another week, its sixth consecutive week of rises. Unlike previous weeks, the local market continued its advance despite a fall in the US market. The main motivator for the market was better than expected China’s purchasing man- agers’ index (PMI) number. Released on Friday, the China’s...
Monthly Outlook by Rabobank International
China: Slower Growth Expected The economy slows … We continue to anticipate the economy will expand 9.6 per cent YoY in the third quarter, easing from 2Q’s 10.3 per cent YoY rate. This will be the slowest rate of growth since 3Q2009. … but positives continue to emerge But simmering behind the headline growth trajectory...
Market Commentary by Dr Jorg Zeuner, Chief Economist, VP Bank
Emerging Market Stocks: An Investment in the Future The equity markets of emerging countries are widening their lead over the competition in industrialised nations. Depend- ing on the specific region, the benchmark share indices are 70 to 90 per cent higher than where they stood at the begin- ning of 2009 – compared to the...
Weekly Market Commentary by Asiasons WFG
Investors Can Consider Selling into Strength Market sentiments continued to be boosted by better than expected economic releases in both the US and the Singapore market. After a slight correction during the early part of the week, both the Singapore and the US markets continued their uptrend towards the end of the week, boosted by...
Global Markets Outlook by VP Bank
No Double-dip, but Slowing Growth; Emerging Markets Should Outperform World economic recovery continues but the dynamism of the upswing is waning. However, gloomy reactions to US economic data during the summer appear overdone: We expect positive growth in the US and a soft landing in China. Emerging market stocks should outperform their peers from industrialised...
