Philip Chua Business Blog

Posts Tagged ‘half’

The Federal Reserve 25 basis point discount rate increase on Thursday to 0.75% was not a market moving event. The first Fed hike in either the discount rate or the more important fed funds rate in almost two and a half years will have little direct economic impact. It had…

Slow work, but perhaps understandable as we hover not that far above key ultra-long term support between 87.00 and 85.00. We have retraced half of the year-end rally and are hovering at the bottom edge of a decent-sized flat-bottomed daily Ichimoku ‘cloud’. Fibonacci retracement support at the 61% level will…

GDP growth in Q3 was revised down from the initial 3.5% to 2.2% in the third estimate, largely because of a smaller contribution from inventories. However, in Q4 the GDP growth rate could have accelerated to about 4.5% qoq, with inventories being responsible for more than half of the growth….

SINGAPORE consumers are now far more bullish on market and economic prospects than they were in mid-2009, but spending is likely to remain prudent, going by recent market surveys.

The latest consumer confidence index compiled by MasterCard jumped to 79.4 for the second half of 2009, more than double the reading of 31.2 six months earlier, and exceeding the H2 2008 reading of 62.3 too.

The 400 … more

(SINGAPORE) The stock market in 2009 may have regained much of the ground lost during the US sub-prime bear market of 2008, but the same cannot be said of the structured warrants market.

There, turnover last year sank to $10.9 billion, down by half from 2008 and by 61 per cent from 2007’s all-time high of $28 billion.

Such has been the drop in interest that the once-promising segment’s 2009 tu… more

REGIONAL bourses experienced cautious trading sessions yesterday as the ramifications of the ongoing Dubai World default continued to be felt.
Market worries were reignited when Dubai World subsidiary Nakheel disclosed that its liabilities had jumped 7 per cent to US$3.6 billion (S$5 billion) in the first half of this year.
The steadily strengthening greenback and news from Japan that the economy … more

Home sales far exceeded expectations last month, surging to the highest level in two and a half years as first-time buyers rushed to take advantage of an expiring tax credit.

Tax credit – Business – Taxation – Tax – Accounting

In a sharp improvement, more than half of U.S. states added jobs in October, though economists said many of the gains likely occurred in temporary employment.

THIS year, for the first time, more than half of the world’s foreign investments will flow into emerging markets. Before, industrialised nations received most of the investments.
Asia in particular, the first continent to recover from the global financial crisis, is set to benefit. Despite the crisis, India and China will grow this year by more than 6 per cent and 8 per cent, respectively, while t… more

Risk continues to build to the upside having halted its corrective declines initiated off the 1.5062 level. Th e current price development is coming on the back of a turn ahead of its rising LT trendline drawn off the 1.2456 level. The mentioned strength has taken back half of its…