Tag Archive | "Singapore Stocks"

US stocks pummeled by bleak jobs data

US stocks pummeled by bleak jobs data

US stocks closed more than two percent lower on Friday after a disappointing report on the United States’s labor market showed that job creation ground to a halt in August.

The Dow Jones Industrial Average was down 251.57 points (2.19 percent) to 11,242.00 in closing trade.

The broader S&P 500 fell 30.48 points (2.53 percent) to 1,173.94, while the tech-heavy Nasdaq Composite dropped 66.01 points (2.59 percent) to 2,480.03.

Stocks dived after the highly awaited US non-farm payrolls report revealed that the US economy created no jobs in August, leaving the unemployment rate at a stubbornly high 9.1 percent.

Taking lead from the neagtive US news, Singapore market likely to open negative in the absence of fresh leads on Monday September ,05 2011.

adapted from Yahoo finance

Posted in Singapore Trading NewsComments (0)

Singapore Stocks-Set to open lower; GLP in focus

Singapore stocks are likely
to open lower on Monday, as Asian markets will be on the edge
amid news that Washington is struggling to reach an agreement
with lawmakers over the U.S. debt ceiling.
Global Logistic Properties , which owns warehouses
in Japan and China, may be in focus after Singapore’s regulator
said it would not take action against the firm for not
disclosing information about a non-competition arrangement with
ProLogis .

-U.S. futures slump as debt talks produce no deal
-U.S. bond prices fall as debt deal still not reached
-U.S. dollar dips as debt deadlock weighs
-Gold gains 1 pct as worries over debt persist
-Brent crude up on EU aid to Greece, spread play

Stocks and factors to watch:
– Sembcorp Marine said on Friday its wholly-owned subsidiary
Jurong Shipyard has filed a notice of arbitration against its
former auditor Ernst & Young.

– Singapore Telecommunications said on Friday it will inject
S$1.89 billion ($1.56 billion) worth of infrastructure assets to
the trustee-manager of NetLink Trust, a business trust owned by
the firm.

– Singapore Exchange said on Friday it is proposing a new
algorithm to calculate the way trading orders are matched during
opening and closing periods and during adjustment phases.

– Singapore oil and gas firm Ramba Energy said on Monday the
net potential present worth of its 41 percent stake in
Indonesia’s Lemang Block is estimated to be around $193 million.

– Singapore’s Rotary Engineering said on Monday it has
secured 13 contracts originating from Singapore and the region
worth S$40 million from April to July this year.

– Singapore’s benchmark Straits Times Index rose
1.42 percent on Friday to 3,182.95 points.
– The Dow Jones industrial average fell 0.34 percent
to finish at 12,681.16. The Standard & Poor’s 500 Index
advanced 0.09 percent to 1,345.02. The Nasdaq Composite Index

rose 0.86 percent to 2,858.83.

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Symbol Bid Ask Spread
EURUSD 1.22330 1.22350 2
GBPUSD 1.38810 1.38840 3
USDCAD 1.24390 1.24420 3
USDJPY 111.080 111.100 2
USDCHF 0.95900 0.95930 3
AUDUSD 0.79910 0.79940 3
NZDUSD 0.73040 0.73090 5
EURGBP 0.88110 0.88140 3
EURCHF 1.17330 1.17360 3
EURJPY 135.900 135.930 3
AUDJPY 88.770 88.820 5
GBPJPY 154.200 154.260 6
XAUUSD 1327.16 1327.56 40
XAGUSD 16.938 16.988 5