Markets and Investing
STI set for weaker open
STI set for weaker open
Traders meanwhile will be looking out for factory output data for August.
Singapore continues trading in tight band
The MAS meanwhile may slow the appreciation of the local currency to help the country’s exporters.
STI heads into correction mode
The index rebounded at the 3055 level to close with just a 0.3% loss.
Lian Beng Group top pick in construction: Maybank
Successive property launches and a strong construction order book solidify earnings outlook.
Traders await effects of QE3
The local currency remains stuck in a tight trading channel as the big catalysts expected in Q3 have all occurred, says IG Markets Singapore.
STI set for lower open
There were muted reactions on Wall Street on Friday and the Nikkei started weak.
Singapore dollar trades at $1.2236
The local currency remains in a tight channel against the strengthening US dollar.
STI loses 0.4%
Tone is not expected to see any significant improvement following the mixed reactions on Wall Street and the muted Nikkei start.
Singapore dollar trades at $1.2240
Post-QE3 currencies have seen subdued trade with the notable exception of the USD/JPY.
STI set for flat open
Far from flat however is the ongoing APB and F&N story.
Singapore dollar virtually unchanged at $1.2256
The greenback is said to be under a lot of pressure after the QE3 announcement which saw it lose ground against all major currencies.
STI set for firmer open
The index however is forecast to consolidate around current levels.
Singapore dollar trades at $1.2244
The local currency could face pressure amidst poor export numbers.
STI set for weaker open
No thanks to the mild retreat on Wall Street overnight and the muted Nikkei start.
Singapore dollar benefits from weak greenback
The local currency hit a one-year high against the US dollar and trades at $1.2215.
STI set for strong open
Thanks to the continued recovery by the US and European markets.
US dollar slips further against the local currency
Fed Chairman Ben Bernanke has delivered QE3, half a month after signaling intentions to do so.
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