Philip Chua Business Blog

Posts Tagged ‘bounce’

Large bounce in risk sentiment. US equities (S&P500) are currently 3.0% higher following a day of news conducive to risk seeking. The earlier solid outcomes for Australian GDP and Chinese manufacturing set the starting tone for the European and US sessions, partly explaining the modest effect the weak US (ADP)

THE Straits Times Index (STI) gained 45.41 points to 2,696.02 yesterday, thanks largely to Wall Street's avoidance of a total blowout on Tuesday and hopes that Western markets might stabilise during their Wednesday sessions - hopes that were lifted when Europe opened in the black late in the afternoon here. Brokers, however, were unsure of how lasting the local bounce will prove, given the market'... more

NOT surprisingly, after losing about 70 points in a two-day sell-off on Tuesday and Wednesday, the Straits Times Index yesterday managed a bounce of 26.97 points to 2,959.01, described as 'technical' in some circles, but more likely due to short-covering. The broad market, however, was marginally firm, recording 226 rises versus 139 falls, excluding derivatives. Turnover was a moderate 1.9 billion... more

FIRST, the good news. Singapore’s economy has moved beyond the initial post-crisis bounce of growth and will continue to expand as genuine demand begins to stabilise around the world.
But Singaporeans must prepare for a ’slower and steadier’ pace of expansion next year than they are used to, said the Monetary Authority of Singapore (MAS) yesterday.

Even though Asian economies have recovered stro… more

Taking fright at 88.00, ahead of January’s low at 87.10, a level that held miraculously some might say. This latest bounce will probably be capped around 91.50 and while below 92.55 we continue to favour a series of cautious downside tests of key support between 87.00 and 1995’s 85.00 (below…

(SINGAPORE) Third-quarter earningscould signal the upswing of the pendulum, as analysts scour for signs that recovery in corporate Singapore is on its way.
But the bounce in earnings this time is not expected to beat the sharp recovery following the 1998 Asian financial crisis, analysts note.
‘It’s more about the general impression than the absolute numbers,’ said Chan Tuck Sing, dealing director … more