Philip Chua Business Blog

Posts Tagged ‘June’

Maybe, or maybe not.
It’s what a lot of experts are saying, and it’s what some of us who work at FSM believed will happen. So we liquidated a part of our portfolios and kept some cash, some of us as early as June 2009, and we waited for the correction to come so that we would have some cash to buy in when share prices fell.
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Global leading indicators continue to look strong. Global PMI climbed further to 55.7, the highest level since June 2007, indicating global growth above trend. OECD leading indicators are also rising sharply pointing to more strength in coming 3-6 months. However, some of the very early indicators such as the order-inventory…

(SINGAPORE) United Overseas Bank (UOB) is offering to redeem at full value some $150 million worth of structured investment products that it sold to retail investors in 2005.
The market value of the Prudential Yield 15 and Yield 20 funds, both of which mature in June next year, fell to less than half their starting price in March this year, but have since recovered most of the losses.
UOB said it … more

Reuters – U.S. mortgage applications rose for a second straight week, with demand for home refinancing loans rising to its highest level since early June, data from an industry group showed on Wednesday.

SINGAPORE’S consumer price index (CPI) rose 1.1 per cent in July from June but fell 0.5 per cent year on year, the Department of Statistics (DOS) said yesterday.

Related link:

S’pore H1 CPI :

Click here for DOS’s press release

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Personal income fell markedly by 1.3% mom in June – a setback to the massive one-off government transfer payments of the “American Recovery and Reinvestment Act” in the previous two months. We expect personal income to have risen by about 0.3% mom in July, as average hourly earnings increased by…

AP – WHAT HAPPENED?: The Federal Reserve said it’s extending a program that was due to end Dec. 31. The major part of the program, aimed at boosting consumer and business lending, will now run through March 31. Another part that supports new loans for commercial mortgage-backed securities will be extended through June.

Although housing starts rose noticeably in May and June, they were still 46% below last year’s level. Given the modest upward trend in the NAHB index, we expect housing starts to have increased for the third consecutive month in July, by about 3% mom to 600k. Building permits also rebounded,…

(SINGAPORE) Even as news of the 52 per cent month-on-month jump in developer home sales to a stunning 2,767 units in July begins to sink in, analysts are revising their predictions for the full year.
The 1,825 units sold in June already constituted a record but that number was surpassed effortlessly last month as buyers, eager not to miss the boat, rushed in and developers rolled out tempting n… more

Consumer prices were flat in July as energy costs retreated following a big surge in June. Over the past 12 months, prices dropped the most in nearly six decades.