Straits Times Index   

STI Index

STI will probably rise tommorow due to cease fire without much incident.

It was really sleepy today..... yawn...

 

Expecting sti at least go a little greenish, instead it went to sleep -0.13 to 2,450.50, not sure how to follow when DOW havn't open it mkt. Sure act like a small boys and if DOW is up tonite, tomorro sti oso will go up.

 

STI over ...... now looking forward to Dow and Nasdaq in coming 4 hrs time. Shiok!

 

STI almost smell green ..... closed 2,450.5 (down -0.1 point).

 

STI obviously doesn't follow the European market trend upwards although some small cap stock do very well. Some large cap stock like banks (especially UOB), SingTel and SIA are dragging the index lower.

Don't think cease fire has any impact on Singapore or overeseas markets today because nobody knows whether it will be kept.

 

EUROPE MARKETS

LONDON (MarketWatch) - European shares gained ground on Monday, after oil prices slumped in electronic trade and mergers-and-acquisition speculation once more reemerged as a market theme.

The U.K. FTSE 100 index (UK:UKX: news, chart, profile) added 0.6% at 5,854, the German DAX Xetra 30 index (DX:1876534: news, chart, profile) rose 0.8% at 5,675 and the French CAC-40 index (FR:1804546: news, chart, profile) increased 0.8% at 5,027.

The pan-European Dow Jones Stoxx 600 index (ST:SXXP: news, chart, profile) advanced 0.5% at 326 points on broad-based gains across the sectors.

The euro eased 0.1% at $1.2716 against the dollar.

The index gains were helped by oil prices sliding 92 cents to $73.43 a barrel in electronic trade after a United Nations cease-fire between Israel and the Lebanese group Hezbollah went into effect at 1 a.m. U.S. Eastern Time, easing recent political tension in the Middle East.

Media reports say the truce is the first step toward the U.N. and the Lebanese army deploying along the Israeli-Lebanon border.

Oil also was lower as BP said on Friday that it will pump 200,000 barrels of oil a day from the Prudhoe Bay field in Alaska during repairs; BP had initially said it would shut the entire 400,000 barrels a day field.

 

STI still flat after cease fire ..... Sigh! Nevermind, European markets opening in 35 minutes time. Still got hope for GREEN!

 

STI having pan cakes for lunch now - FLAT!

Cease fire in 9 minutes time! Let's see what happens at 2pm ....

 

probably so... hopefully both sides adhere to the deadline

 

STI will go higher after 2pm's lunch break  ... cease fire in 2 & half hours time.

 

Anyway Nikkei is up +160 points to 15,725

 

STI maket seem like it got delay effect in it reaction to cease friing in Lebanon and it alway look to Nikkei and Shanghai index. volume is low after 10 mins of trading, oni 82 million shares traded.

 

My take is 2468 for today's closing ....... Go G.R.E.E.N. for us, STI!

 

A good guess from me up by 30 points for a start testing STI 2,488

 

MidEast to cease fire at 1.00pm tomorrow .... Lets see how STI performs tomorrow.

 

HONG KONG (MarketWatch) -- Asian markets were mixed Friday morning as slower-than-expected Japanese GDP growth took a toll on exporters, while some consumer-related stocks gained after government data showed strong domestic demand.

The Nikkei 225 Average () was down as much as 0.17% to 15,604.05. The Topix index of Tokyo shares was down 0.16% to 1,580.28.

In Hong Kong, the Hang Seng index was up as much as 0.33% in early trading, as consumer goods exporter Li & Fung () added more than 3% after reporting strong earnings.

South Korea's Kospi index was up as much as 0.53%, while Australia's benchmark S&P/ASX 200 was down as much as 0.6%.

The Japanese government said before markets opened that GDP grew 0.2% in the April through June period, compared to the previous quarter. Economists had expected GDP to grow at about double that rate, but were not troubled by the results.

"It's a negative headline but nothing particularly concerning," said Richard Jerram, chief economist at Macquarie Securities in Tokyo.

 

STI morning traded, up +11 points to sti 2,455, believe it is going for sti 2,468.

 

 

As mentioned earlier. According to OCBC research, STI was down for 12 of the past 16 years after National Day. I know you guys are patriotic, but there's no post-National Day rally this year.

 

Britain is on maximum terror alert after a bomb plot was foiled. British police said Thursday that they had foiled a plot to blow up planes flying between Britain and the United States, and put the country on its highest state of alert for terror attacks.



Home Secretary John Reid said the plot was "very significant" and designed to "bring down a number of aircraft through mid-flight explosions, causing a considerable loss of life."



Scotland Yard believed it to "be a major threat to the UK and international partners," Reid added, referring to the headquarters of London's Metropolitan Police.



The United States ordered its highest state of alert Thursday for US-bound planes from Britain. The US Department of Homeland Security also said it had raised the alert to the second-highest level for all other commercial aircraft.



European markets are down. STI is following.