Additional Support Anticipated For Singapore Shares

RTTNews | 857 ngày trước
Additional Support Anticipated For Singapore Shares

(RTTNews) - The Singapore stock market has moved higher in two of three trading days since the end of the two-day losing streak in which it had dropped almost 40 points or 1.2 percent. The Straits Times Index now rests just above the 3,255-point plateau and it may add to its winnings on Thursday.

The global forecast for the Asian markets is broadly positive on bargain hunting and expectations for solid earnings news. The European and U.S. markets were sharply higher and the Asian bourses figure to follow suit.

The STI finished barely higher on Wednesday as gains from the trusts and properties were offset by weakness from the financials and industrials.

For the day, the index picked up 2.22 points or 0.07 percent to finish at 3,256.19 after trading between 3,246.34 and 3,262.53.

Among the actives, Ascendas REIT gained 0.75 percent, while CapitaLand Integrated Commercial Trust jumped 1.01 percent, CapitaLand Investment perked 0.28 percent, City Developments added 0.86 percent, Comfort DelGro tumbled 1.61 percent, Genting Singapore rose 0.54 percent, Hongkong Land was up 0.42 percent, Keppel Corp climbed 0.97 percent, Mapletree Pan Asia Commercial Trust spiked 1.85 percent, Mapletree Industrial Trust advanced 0.92 percent, Oversea-Chinese Banking Corporation shed 0.41 percent, SATS improved 0.71 percent, SembCorp Industries dropped 0.88 percent, Singapore Technologies Engineering gathered 0.60 percent, Thai Beverage retreated 1.46 percent, United Overseas Bank eased 0.13 percent, Yangzijiang Shipbuilding sank 0.72 percent and Wilmar International, Mapletree Logistics Trust, DBS Group, Emperador, Yangzijiang Financial, SingTel and Frasers Logistics were unchanged.

The lead from Wall Street is upbeat as the major averages opened higher on Wednesday and remained solidly in the green throughout the session.

The Dow surged 526.74 points or 1.60 percent to finish at 33,376.48, while the NASDAQ spiked 162.26 points or 1.54 percent to end at 10,709.37 and the S&P 500 jumped 56.82 points or 1.49 percent to close at 3,878.44.

The rally on Wall Street came as stocks continued to benefit from bargain hunting and upbeat earnings news from companies like Nike (NKE) and FedEx (FDX).

In economic news, the Conference Board reported a significant improvement in U.S. consumer confidence in December. But the National Association of Realtors noted a continued slump in U.S. existing home sales in November.

Crude oil prices rose sharply on Wednesday after data showed a larger than expected drop in U.S. crude inventories last week. West Texas Intermediate Crude oil futures for February ended higher by $2.06 at $78.29 a barrel.

read more
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Swiss market closed modestly higher on Friday after moving in a tight bandwith investors digesting earnings updates and continuing to track the developments on the tariff front.
RTTNews | 1 ngày trước
European Stocks Close Higher

European Stocks Close Higher

Despite lingering uncertainty about U.S. government's trade policy, European stocks closed higher on Friday, with German and French markets gaining for a fourth straight session, and the U.K. moving up for the tenth consecutive session, as investors focused on earnings.
RTTNews | 1 ngày trước
U.S. Consumer Sentiment Deteriorates Modestly Less Than Estimated In April

U.S. Consumer Sentiment Deteriorates Modestly Less Than Estimated In April

A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. deteriorated modestly less than previously estimated in the month of April. The University of Michigan said its consumer sentiment index for April was upwardly revised to 52.2 from a preliminary reading of 50.8. Economists had expected the index to be unrevised.
RTTNews | 1 ngày trước
Russia Holds Key Interest Rate As Expected

Russia Holds Key Interest Rate As Expected

The Bank of Russia left its interest rate unchanged as widely expected on Friday, despite high inflationary pressures. The board of directors, governed by Elvira Nabiullina, maintained the key interest rate at a record high 21.00 percent. The Russian central bank has raised the key interest rate by 1,350 basis points since July 2023.
RTTNews | 1 ngày trước
UK Retail Sales Rise; Consumer Sentiment Weakens

UK Retail Sales Rise; Consumer Sentiment Weakens

UK retail sales grew unexpectedly in March as good weather boosted demand for clothing and garden supplies, but U.S. President Donald Trump's tariff threats and concerns of higher inflation dampened consumer sentiment, data showed Friday. Retail sales grew 0.4 percent on a monthly basis, confounding expectations for a decline of 0.3 percent.
RTTNews | 1 ngày trước