Philip Chua Business Blog

Posts Tagged ‘February’

A firm 'risk on' day with even a larger-than-expected fall in US ISM nonmanufacturing unable to stem the equity rally. Good demand for Spain's fi rst syndicated government bond offering (€6bn of 10yr bonds) since February gave equities a boost leading to a 2.5%+ rally in Europe. Despite ISM nonmanufacturing

HOME buyers and investors keen on getting a cluster house may soon find themselves with an increasingly limited pool of new choices to select from. This is because the number of new cluster-housing launches looks set to fall after this year, following a recent change in Government regulations, say property experts. In the new ruling, which came into effect last February, the Government stipulate... more

Three important economic indicators this week suggested continued economic growth. Factory orders, the Institute for Supply Management Index and employment all suggested continued progress on the economic front. Factory orders increased 0.6 percent in February and the gain reported for January was revised higher. Factory orders have gained in 10…

In February, nonfarm payrolls fell by 36,000, which was slightly more than in January. However, considering the extreme weather conditions, the jobs report was surprisingly good, particularly as less private jobs were lost than in January and hiring in the services sector accelerated. There are several reasons why the March…

Builders cut back on new projects at a faster-than-expected pace in February and drove down construction spending to the lowest level in eight years.









Construction – Construction and Maintenance – Business – Business and Economy – Real Estate

Conflicting signals as we remain trapped below ‘channel’ resistance with two consecutive small ’spike lows’ ahead of the 26-wek moving average at 89.30. The Ichimoku ‘cloud’, which thickens and drops mid-May, suggests one should continue to hold a short position while the moving averages turned to a long one mid-February….