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soloman Master	11-Sep-2007 21:08        soloman About Contact  Quote this Post!
x 0   x 0  Alert Admin	latest cnn - Cut in prime rate next week seen as inevitable, the question is by how much? WASHINGTON -- It's now a virtual certainty that the US Federal Reserve Board will cut its benchmark interest rate next week for the first time in four years.
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soloman Master	11-Sep-2007 21:04        soloman About Contact  Quote this Post!
x 0   x 0  Alert Admin	so much for those spouting major attack now all kaput one more rumour bites the dust
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stevento Senior	11-Sep-2007 20:54        stevento About Contact  Quote this Post!
x 0   x 0  Alert Admin	18th Sept has been discounted already. I don't much will really happen on that day. The real action begins after that. What's the impact of the cut? Has it been able to relief the credit crunch and provide much liquidity for the businesses? It will take a while. The more important date should be the month of October. 10 and 20 years anniversary of the crash respectively.
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singaporegal Supreme	11-Sep-2007 20:39        singaporegal About Contact  Quote this Post! Style: Technical   Mood: Yells: "Female TA nut"
x 0   x 0  Alert Admin	Everyone's waiting for Sep 18th..... D-Day...
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mirage Veteran	11-Sep-2007 19:08        mirage About Contact  Quote this Post!
x 0   x 0  Alert Admin	Quotes: Stock Markets   September 11, 2007, 5.07 pm (Singapore time) Last updated 6.25pm S'pore shares close 1.5% higher on bargain hunting The Straits Times Index was 52.70 points higher at 3,494.57 on volume of 2.79 billion shares worth $2.44 billion (US$1.60 billion). Rising issues led decliners 465 to 311 while 834 issues were unchanged. Chinese share prices closed 4.51 per cent lower on Tuesday after data showed inflation had spiked in August, raising expectations of more interest rate hikes, dealers there said. Investors are also awaiting next Tuesday's meeting of the US Federal Reserve as leading US economists foresee softening growth that will prompt the Fed to cut interest rates. Some investors believe Asia is in a better position to weather a slowdown. 'Markets here can withstand the rout better than the rest of the world (given) Asia's contribution to the global economy,' DMG Partners dealing director Gabriel Yap said. Among shipyards, Cosco Singapore was up 20 cents at $5.45 and SembCorp Marine gained 12 cents to $4.54. Keppel Corp rose 20 cents to $13.20. In the property sector, Keppel Land was up 10 cents at $7.80, CapitaLand added 5 cents to $7.55, but City Developments Ltd was off 20 cents at $14.80 after announcing it would lead a consortium in a US$1.12 billion hotel and office development at a prime Singapore site. Among the banks, United Overseas Bank rose 40 cents to $21.50, Oversea-Chinese Banking Corp gained 20 cents to $8.75 but DBS Group closed flat at $19.90, giving up earlier gains.   SINGAPORE - Singapore share prices closed 1.5 per cent higher on Tuesday on bargain hunting, undeterred by sharp falls on China's stock market, dealers said.
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mirage Veteran	11-Sep-2007 09:15        mirage About Contact  Quote this Post!
x 0   x 0  Alert Admin	Quotes: Singapore shares are expected to open lower Tuesday after Wall Street closed mixed overnight as investors wait for the outcome of the Federal Reserve's policy meeting on Sept 18. While most investors expect a rate cut, many are hoping for a reduction of as much as 50 basis points to help the US economy avoid a recession induced by housing and credit market weakness. Fears of a recession resurfaced after the US Labor Department said Friday that non-farm payrolls dropped for the first time in four years in August. DBS Vickers Securities retail strategist Yeo Kee Yan expects more uncertainty. "Investors are likely to steer clear of the market ahead of the third-quarter earnings season starting October [until they get] better access to financial companies' exposure to the US subprime market," Yeo said in a client note. On Monday, the Straits Times Index closed down 47.10 points or 1.4 percent at 3,441.87. Losers beat gainers 616 to 185, with 862 shares unchanged. There were 2.4 billion shares traded worth 1.9 billion Singapore dollars.
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Pinnacle Master	10-Sep-2007 14:08        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	SINGAPORE, Sept 10 (Reuters) - A sharp slowdown in the U.S. economy would impact Asia, although market turbulence was not expected to hurt the medium-term growth prospects of the region, a Singapore minister said on Monday. "Should the U.S. economy slow down sharply, Asia will certainly feel the drag," Tharman Shanmugaratnam, the second minister for finance, said in a speech at a ceremony to mark the opening of an office for Societe Generale's private bank. He said the repricing of risk in financial markets is probably not over and did not provide reason enough to downgrade Asia's economic prospects because consumer demand remains strong. "Asian producers will continue to move up the productivity ladder, and Asian consumers will increasingly provide the region with an independent engine for growth," Shanmugaratnam said. His comments come after August data on Friday showed the first fall in U.S. non-farm payrolls in four years, raising concerns that the U.S. subprime mortgage crisis is tipping Asia's main exports market into a recession. [ID:nN07222995] Singapore's prime minister, Lee Hsieng Loong, is also finance minister. He said in August that the economy of the trade-dependent island would be affected if U.S. consumption weakened.
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mirage Veteran	10-Sep-2007 13:53        mirage About Contact  Quote this Post!
x 0   x 0  Alert Admin	QUOTES: Singapore shares ended the morning lower Monday in a broad-based sell-off following Wall Street's tumble Friday after much weaker-than-expected data rekindled fears of an imminent recession in the US. The US Labor Department said Friday non-farm payrolls slipped by 4,000 in August, the first decline since August 2003. Economists had expected payrolls to increase by 110,000. At the break, the Straits Times Index (STI) was down 57.30 points or 1.6 percent at 3,431.67 after trading between 3,390.86 and 3,436.09. Losers beat gainers 601 to 127, with 936 stocks unchanged. Volume traded was 1.5 billion shares valued at 965.6 million Singapore dollars. The weakening job market in the US likely cemented the case for a rate cut in the US when the Federal Reserve meets on Sept 18, with a growing possibility of a cut of 50 basis points. "They will do everything they can to help prevent the US economy from going into a recession. Hopefully, that will calm the market," Phillip Securities managing director Loh Hoon Sun said. But DBS Vickers Securities retail strategist Yeo Kee Yan believes rate cuts in the US will give "little comfort" to the local bourse. "The worry that the US economy has stalled is likely to reduce investor appetite for risk and halt the STI's counter-trend rally," Yeo said in a client note. "We expect more uncertainties in October as investors grapple over the extent of a rate cut ahead of the Sept 18 meeting," he said. Banking shares led the decliners, with DBS Group down 50 cents at 19.80 dollars, United Overseas Bank down 40 cents at 21.00 dollars and Oversea-Chinese Banking Corp off 15 cents at 8.60 dollars. Among blue chip losers, Singapore Exchange fell 20 cents to 10.10 dollars as trading volumes continued to decrease, Singapore Telecoms slipped 2 cents to 3.60 dollars and ST Engineering was 10 cents lower at 3.70 dollars. Property stocks retreated, with City Developments down 10 cents at 14.90 dollars, Keppel Land down 5 cents at 7.70 dollars and CapitaLand down 10 cents at 7.45 dollars.
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ricola Member	10-Sep-2007 10:16        ricola About Contact  Quote this Post!
x 0   x 0  Alert Admin	ya left bug, you are right, STI is holding pretty well.  Actually I expect it to drop >-100 point when I saw the down close >-240 point last Friday.  Now STI is -77.9....
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Pinnacle Master	10-Sep-2007 09:41        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	Well, US has a large and significant presence in Singapore economy. If US in recession, it will shed a few pts of our GDP for sure. See, when US economy not doing well, they company will do a "restructuring". Seagate, Apple, Motorola etc, in Singapore will be affected. Hence our unemployment rate will go up. Our export figures will be lowered, as US is our major importer. With their weaker currency, US will import even lesser goods from us. Hence manufacturing data will go down, especially electronic sector. Oil and fuel price will go up, making evrything more expensive. Then property will be dragged down along with construction. All these all the repercussion if US goes into recession. There's no way that Singapore is going do decoupled from them as they are still the largest economy in the world.
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cyjjerry85 Elite	10-Sep-2007 09:34        cyjjerry85 About Contact  Quote this Post! Style: Technical   Mood:
x 0   x 0  Alert Admin	we do see more selling in the early morning...and some wise ones will snap it up in the late morning or noon period... anyway...the volatility in the DOW is expected to be still going highs & lows for this week people just follow what they see...yes we need eyes to see, but do include some brain input for thinking logically as well..."going with the flow or going against the flow?" depends on what strategy u use
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left_bug Senior	10-Sep-2007 09:31        left_bug About Contact  Quote this Post!
x 0   x 0  Alert Admin	Well, I don't know about you guys, but I think STI is holding up pretty well so far. Still under -100.
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ghlau935 Veteran	10-Sep-2007 09:29        ghlau935 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Panic Selling again.........
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cyjjerry85 Elite	10-Sep-2007 09:23        cyjjerry85 About Contact  Quote this Post! Style: Technical   Mood:
x 0   x 0  Alert Admin	yes indeed we see the DOW plunging on Friday and the worries that a recession may be impending...however if you guys heard the news on radio 93.8FM this morning...it did mentioned something which I think its relevant...our region which Singapore is in is still very stable...even if US goes into a recession...we won't crumple into pieces that easily...
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Pinnacle Master	10-Sep-2007 09:19        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	SINGAPORE, Sept 10 (Reuters) - Singapore's Straits Times Index <.STI> fell 2.75 percent during early trade on Monday, in line with regional markets and tracking losses on Wall Street. By 0103 GMT, the STI was down 2.67 percent at 3,395.74 points, led by losses in banks. DBS Group fell 3 percent, United Overseas Bank was down 3.3 percent, and Oversea-Chinese Banking Corp slipped 2.9 percent. Tokyo stocks <.N225> were down 2.7 percent and shares in Seoul <.KS11> slid 3.4 percent. U.S. stocks tumbled on Friday, driving major indexes down nearly 2 percent, as data showing the first monthly drop in payrolls in four years stoked fears on Wall Street that the economy was headed into recession.
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mirage Veteran	10-Sep-2007 08:53        mirage About Contact  Quote this Post!
x 0   x 0  Alert Admin	QUOTES: Singapore shares are expected to open lower Monday after Wall Street plunged Friday on weak US payrolls data for August, which raised concerns that the US economy may be headed for a recession. The Labor Department reported Friday that US payrolls dropped by 4,000 in August, the first decline since August 2003. Economists had forecast payrolls would increase by 110,000. While the unemployment rate held steady at 4.6 percent as expected, investors are concerned that the anticipated cut in US interest rates next week may not be enough to cushion the economy from a recession given the weakening job market. On Friday, the Straits Times Index added 22.91 points, or 0.7 percent, to close at 3,488.97. The key index could pull back slightly since it's already near its resistance level of 3,500-3,550 said Fraser Securities research head Najeeb Jarhom. Jarhom cautioned that the US subprime problem will be a long affair.
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mirage Veteran	07-Sep-2007 08:55        mirage About Contact  Quote this Post!
x 0   x 0  Alert Admin	Quotes: Singapore shares are likely to open higher on Friday as investors take heart from Wall Street's overnight gains after comments from US Federal Reserve members gave hope of an interest rate cut following the Fed's policy meeting on Sept 18. Dallas Federal Reserve President Richard Fisher said inflationary pressures were "increasingly well behaved," and that the central bank was "listening carefully" to business conditions. St Louis Fed President William Poole made similar comments. Nonetheless, investors are still likely to exercise caution amid lingering concerns of credit woes and a lack of fresh buying leads. While analysts say the markets appears to be holding up well, with some stability seen returning, investors are not encouraged to take aggressive positions. Yesterday, the Straits Times Index closed up 20.98 points or 0.6 percent at 3,466.06, the highest close since July 31. But for the second day in a row, the calculation for the benchmark index was marred by a technical glitch in early trading hours. Gainers led losers 539 to 257, with 862 shares unchanged.
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singaporegal Supreme	06-Sep-2007 21:08        singaporegal About Contact  Quote this Post! Style: Technical   Mood: Yells: "Female TA nut"
x 0   x 0  Alert Admin	Haha.. the technical glitch is really embarrassing for SGX. It is also quite disturbing for traders. Many people including myself base the market sentiment just by looking at the state of the STI index. I don't really look at other indices.
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CWQuah Master	06-Sep-2007 17:51        CWQuah About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	Maybe the STI computation @ SGX is haunted due to the 7th month. 2 errors in a row... Anyway, hope they fix the error fast AND PERMANENTLY. These errors don't go down well with institutional traders...
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Pinnacle Master	06-Sep-2007 17:51        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yesterday and this morning, SGX technical glitch. The rest of the day, BBs, retails, traders and vestors also suddenly technical glitch and forgotten about the credit and sub-prime?! Hee... Let's hope we can move on from here to the better dayz...
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