by SIAS Research It’s the Economy, Investors! As expected, the US economy continued to disappoint the public as it announced more economic data last week. Initial benefit claims increased and yet we have seen neither the Obama administration nor the Federal Reserve take new steps to bring back jobs. Fearing about the debt level and ...
by Roger Tan, SIAS Research Singapore’s equity market made some good gains last week as the country announced strong GDP growth on Wednes- day. The Ministry of Trade and Industry announced that the Singapore economy expanded by 19.3 per cent compared with the same period last year – higher than the 16.9 per cent growth ...
By Roger Tan, SIAS Research The US market experienced another tumble last week as investors sold off their shares after seeing more weak economic data. The S&P 500 fell 5 per cent for the week to end at 1,022 pts, while the Dow Jones closed below the psychological 10,000 pts. The STI, on the other ...
(By Roger Tan, SIAS Research) Last week was not a good week for US equities as the S&P 500 closed 3.6 per cent lower. The index experienced two significant drops in the week caused mainly by fears that the US economic recovery may not be as strong as expected. On the other hand, the STI bucked ...
(By Roger Tan, SIAS Research) Though the STI started strong in the beginning of the week, profit taking pressure started to set in at the end of the week. Still, the STI was up 2.4 per cent despite lower volume due to the World Cup season. The S&P 500, on the other hand, closed 1.3 ...
(By Roger Tan, SIAS Research) Singapore’s Straits Times Index (STI) fell 1.9 per cent last Monday following a 380-point drop in the DJIA two Fridays ago, but the STI managed to regain some grounds over the week as the US market recovered. The STI closed the week 0.4 per cent lower, while the S&P 500 ...
(By Roger Tan, SIAS Research) The fearful month of May is finally coming to an end. The Greek debt crisis, China’s cooling off measures and now the North and South Korean tension all seem to have coinciden- tally happened in this fearful month. The month till date saw the STI fall by about 6.9 per ...
(By Roger Tan, SIAS Research) Equity markets globally crashed this week as the amygdala took over the frontal lobe in investors worldwide in making investment decisions. Fear of further contagion from the Greek debt crisis continues to dominate investors’ attention even when many economies continue to release strong economic numbers in the week. For the ...
(Source: Edmund Seow, SIAS Research) Overall Market Outlook • The US markets traded down slightly yesterday and we see that the Asian markets are liable to gap down again today. • With the markets coming off, we might see some profit taking and loss cutting, but overall, there is a good chance we might not ...
(By Roger Tan, SIAS Research) Global equity markets rallied after the European Union announced a €1t rescue plan for Greece. Finance ministers of the European Union revealed plans to set up a fund to help the insolvent nation last Monday morning. Investors cheered on the news and sent the STI up by over 2.2 per ...
