Philip Chua Business Blog

Posts Tagged ‘session’

The Japanese yen relinquished some of its recent strength versus the greenback in the Wednesday session, shedding almost 1%. Meanwhile, the major currencies were marginally higher against the dollar, with the British pound edging up by 0.35%. US equities also recouped from earlier losses, finishing slightly higher as the Dow

Uneventful markets record modest changes. US equities were unchanged (S&P500) until late into a choppy NY session, the last hour seeing sellers push the index to a -0.4% close. There was little economic data from the US to influence price action, M&A activity (Campbell Soup eyeing UK's United Biscuits, China's

THERE should be no retirement age for workers, Minister Mentor Lee Kuan Yew said at a dialogue session yesterday. Singapore's ageing population means its employers have to help old workers stay productive and workers have to be willing to keep working, Mr Lee said. 'I don't think there should be a retirement age,' said Mr Lee, who is 86, drawing laughs from the more than 900 managers, government... more

WITH Wall Street closed for the 4th of July holidays and Shanghai's key index sliding to a 14-month low, there was no way for the local bourse but to head south. That said, the Straits Times Index still showed remarkable resilience by remaining largely range-bound on low volumes, and closing the session just 0.17 of a point down at 2,844.02. Traders said that whatever little volume that was being ... more

There was little improvement in sentiment yesterday. Stocks drifted up early in the European session, despite a slightly larger uptake of the ECB's 6-day liquidity tender (€111bn). Once again, however, weaker US data turned things sour. US 10yr Treasuries briefl y fell below 2.90% before settling just above at 2.94%

Risk aversion remained the dominant theme in the NY session. ADP June Employment Change started off by printing a disappointing +13k increase against expectations of a +60k increase. Next up on the data slate was Chicago PMI, which came out in line with expectations at 59.1. As the day wore