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2010-09-03 05:10
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Posts Tagged ‘softness’

Worries over China property, Greece hang heavy on stocks

SELLING in China and Hong Kong and a weak opening for Europe because of concerns over Greece yesterday spilled over to the local market, dragging the Straits Times Index down 10.94 points to 2,991.68. The weakness was broad-based - excluding derivatives, there were 289 falls versus 166 rises. As always in times of softness, traders resorted to churning the low-priced pennies for opportunities - ex... more

Market Weekly Wrap

The dollar found itself on the defensive against European currencies for much of the week, softness blamed on month- and quarter-end stop-loss orders. Several factors favored technical retracement in EUR/USD pair, which has seen an 800 pip Q1 quarter sell-off. Traders cited passive month/quarter end portfolio rebalancing, higher March inflation…

Push on banks helps STI rise 14.22 points

A PUSH on the banks helped the Straits Times Index yesterday rise 14.22 points to 2,707.6 in a tepid session that saw the broad market record 163 rises against 218 falls excluding derivatives.
The softness was not overly surprising given that the index had already risen sharply on Monday ahead of the US rally which meant that it made sense for investors to sell into strength yesterday. Providing a… more

S&P 500 sees best 5-month streak since 1938 (Reuters)

Two women carry their Toys R Us purchases in New York City. US private equity firm Kohlberg Kravis Roberts (KKR) plans initial public offerings (IPOs) worth billions of dollars for up to six of its companies, including Toys R Us, the Financial Times has said.(AFP/File/Stan Honda)Reuters – The S&P 500 ended its best five-month streak since 1938 with a slight gain on Friday as government data showed softness in consumer spending but reinforced expectations that the economic slump is abating.


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