Philip Chua Business Blog

Posts Tagged ‘closing’

The USD has seen its correction extend further this past week, but critical resistance levels (EUR/USD support levels) we highlighted in last week’s issue appear to be exerting some influence. The 1.4250 level has held as support on a daily closing basis thus far, and the more significant 1.4170/90 area…

STOCKS here started the holiday-shortened week on a bullish note yesterday, propelled by major contract wins at some firms and renewed optimism for the economic recovery boosting banks and commodities-related stocks.

The Straits Times Index (STI) finished 36.34 points or 1.3 per cent higher at 2,797.88, the highest closing level since Aug 14 last year.

Elsewhere in Asia-Pacific yesterday, othe… more

A PUSH on the three banks in relatively thin volume initially helped send the Straits Times Index up 40 points to 2,785 yesterday but afternoon concerns triggered by a firming US dollar and the associated worry over how Wall Street might react brought the index down to 2,758.79 for a closing gain of just 13.75 points.
Excluding the STI components and derivatives, there were 215 falls versus 144 ri… more

A third consecutive week of upside gains saw EUR printing a 14-month high at 1.5059 and closing above its big psycho level at 1.5000 the past week. This current medium term upside strength is coming on the back of a rally initiated at the 1.4481 in early Oct ‘09. With…

Following last week’s preliminary signals that risk assets may be stalling, this past week saw stock markets lose ground, key commodities reverse gains, and the USD bounce after testing key support levels. To be sure volatility remained high during the week, with new risk highs being made, but weekly closing…

AP – A judge has heard closing arguments in the penalty phase of a civil trial against the former head of Kmart Corp., who was found liable of misleading investors eight years ago.

A FLURRY of buying activity in the final half hour of trading yesterday drove the local stock market to its highest closing level in the past year.
The benchmark Straits Times Index (STI) added 21.26 points, or 0.81 per cent, to 2,643.95, extending gains into a third straight day. Yesterday’s close was the highest since Sept 8 last year, when the index stood at 2,697.03.
Across Asia, markets were … more

HEFTY gains on European bourses helped propel the local stock market to another 10-month closing high yesterday.

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This was despite the roller-coaster ride local stocks had taken earlier in the day, as traders cast a wary eye at wild swings in Shanghai, which was recovering from Wednesday’s 5per … more

ASIAN markets rallied for a fifth straight day, as traders made huge bets that the reporting season will deliver some bumper earnings surprises.
In Singapore, the benchmark Straits Times Index (STI) soared to its best closing level for the year, after soaring 25.19 points to 2,456.15.
With its latest gains, the STI has now surged closed to 1,000 points since bottoming out at 1,456.95 on March 9.
… more

The pound has performed strongly this week benefiting from positive economic data and broad-based USD weakness. GBP/USD closed today at 1.6319, recording an increase of 0.8% over the week. The pound has remained relatively stable against the euro, with EUR/GBP closing at 0.8648 today – a rise of only 0.55%…