Philip Chua Business Blog

Posts Tagged ‘result’

US data spooks equities. The S&P500 is currently unchanged having pared the preopening gains inspired by the good JP Morgan earnings result. The batch of US data released included weak manufacturing surveys for NY and Philadelphia, and sent the S&P500 20pts lower as investors questioned the sustainability of the positive

The USD put in a mixed performance against other key currencies, losing some ground against the EUR, but gaining some ground against the JPY. The common theme appeared to be further reduction in risk positioning, with a number of moves coming as a result of 'risk on' positions being squeezed

During the week covered by the data, speculative investors added to bets that the EUR would decline. Sentiment towards the EUR soured as concerns arose about whether a rescue package for Greece would be reached, causing EUR/USD to dip back below 1.35. As a result, short EUR positioning is approaching…

Non-farm payrolls declined by a mere 11k in November – the best result since December 2007. The deterioration in the labour market is abating, but given the negative assessment of labour market conditions in the latest consumer confidence survey, non-farm payrolls could nevertheless have fallen again by about 10k in…

(SINGAPORE) Food prices have risen consistently over the past few months. And given erratic climatic conditions, they could become even more of a concern going forward.

The Consumer Price Index (CPI) rose 0.4 per cent in November from October. The increase was attributed mainly to the higher cost of housing, recreation and other items, and food.

As a result of dearer vegetables, fruits and ric… more

TRADERS were all but wearing Santa Claus suits yesterday as they embraced the Christmas mood and sent the market to a 17-month high.
Funds, too, got in the act by window- dressing blue chips to make the last full trading day before the holiday a festive one. The result was a 17.74-point rise in the benchmark Straits Times Index (STI) to 2,841.56.
But it would not be Christmas without the presence … more