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STI to cross 3000 boosted by long-term investors

Mayb

StewardLittle      ( Date: 09-Jul-2013 19:16) Posted: Will there be a correction soon?

 

Will there be a correction soon?

 

Doubt on recovery!!!

U.K. manufacturing unexpectedly shrank in May amid a drop in output of pharmaceuticals and metals, casting doubt on the strength of the recovery in the second quarter.
Factory output fell 0.8 percent from April, when it declined 0.2 percent, the Office for National Statistics said today in London. The median forecast of 25 economists in a Bloomberg News survey was a 0.4 percent rise. Overall industrial production was unchanged, thanks to an increase in oil and gas production.
The data suggest a broad-based recovery is struggling to take hold, with industrial production rising just 0.2 percent in the latest three months. A revival in consumer spending has prompted economists at banks including JPMorgan Chase & Co. to raise their U.K. growth forecasts for this year.

U.K. Manufacturing Unexpectedly Falls in May on Drop in Metals
“It’s disappointing, and suggests that underlying growth is somewhat weaker than many may have expected,” said Philip Rush, an economist at Nomura International Plc in London. “It looks like industrial production will make a negligible contribution to GDP. The Bank of England is likely to be leaving policy on hold or potentially loosening.”
The pound fell as much as 0.6 percent against the dollar after the data were published, and traded at $1.4892 at 9:47 a.m. in London, down 0.4 percent from yesterday.
A separate report showed the goods-trade gap was little changed at 8.5 billion pounds ($12.7 billion) in May. Exports rose 1.5 percent while imports climbed 1.3 percent. An improvement in the deficit with European Union nations offset a deterioration in trade with the rest of the world.
Oil exports rose 27.2 percent on the month, the biggest increase since Sept. 2002, the ONS said.
Net Trade
The surplus on services narrowed to 6.1 billion pounds, leaving the overall deficit at 2.4 billion pounds compared with 2.1 billion pounds in April. That suggest net trade will struggle to make a contribution to growth in the second quarter.
Bank of England policy makers made an early start last week on providing forward guidance on monetary policy. At Mark Carney’s first meeting as governor, officials voted for no change to policy and released a statement cautioning on the pickup in rate expectations following a signal from Federal Reserve Chairman Ben S. Bernanke that the U.S. is preparing to start unwinding its bond purchase program.
The BOE held its bond-purchase program at 375 billion pounds and its key interest rate at a record low 0.5 percent at its July 4 meeting.
Extra Day
Industrial production fell 2.3 percent in May from a year earlier and manufacturing declined 2.9 percent, reflecting an extra working day last year as an annual public holiday was shifted to June to coincide with Queen Elizabeth II’s Diamond Jubilee celebrations.
Six sectors of manufacturing fell in May from April and seven rose, the ONS said. The overall drop was led by declines in pharmaceutical and metals. This was partly offset by higher output of food and drink, reflecting warmer weather and the start of summer.
Overall industrial production was aided by a 4.9 percent increase in output of crude oil and gas and a 3.6 percent gain in water supply. Output at utilities fell 1.7 percent.
To contact the reporter on this story: Jennifer Ryan in London at jryan13@bloomberg.net

 

U forgot 1 more camp, that is no bearish no bullish, it's our emotional that set the price to speculate in market,..

superoldfart      ( Date: 09-Jul-2013 17:45) Posted: Hardly come to this forum, I am a retail investor, trading capital a few $M cash. In the last few years, made abt $2M in the local market. Trading for abt 20 years+. Right now see 2 camps in market: 1)Bullish camp--thinks Fed tapering won't cause further correction in equity markets,they also don't think interest rates will rise in the near term, and if they rise, won't rise much. They see this period as " transition" to a more normal period after the massive QE since 2009. They think US economy is improving significantly and r scared of China cos they fear China may drag down the US and EU recovery. They basically think equities should go up with an improving US economy, they also think Japan QE will take over from US QE, and US fracking its own oil n gas will really help the US economy n a stronger dollar will pull money into US.  2)Bearish camp--thinks QE was so much that more unwinding will come. Think tapering will come sooner than later n markets r too hopeful n have not discounted the tapering yet n also possible interest rate hikes to come. After seeing the severe corrections in gold and bonds, hard to believe there will be only a mild correction in equities.In 1999 2H to 2000 1H, fed jacked rates to fight inflation resulting in severe correction in equity markets after. Every rate rise, Fed said it is enough, markets tried to recover, the fed jacked rates again. Think S& P dropped 40%? after that. And the same old optimistic forecasts from finance houses in 1999 n 2000, just like now, " it is just returning to normal" , " rising rates r good cos they show economy is strong, so stocks should go up" , all sorts of reasons that turned out to be totally wrong. Personally I favor the bear side, tho I keep an open mind, cos it's easy to be wrong on the markets. I avoided most of the drop since 2 months ago, but lost a few $100K earlier this year when my local stocks failed on the uptrend. I think the big funds that have the most effect on our market also favor the bear side, that is why our rebounds so far have been muted, unlike the rebound in US. I think the big funds r waiting for further correction in the US, whereupon our STI may drop to a lower level, like below 3000, maybe towards 2500-2800. The property loan restrictions n previous prop measures also won't help. Our own govt is blatantly warning abt higher interest rates n seem comfortable n even welcoming towards a slowdown/correction in asset prices.       This reminds me a lot of the start of the 1998-2003 period, which was very bad for local asset prices n the domestic economy.  I see some ppl have made a bit of $$$ in the last few years. Be careful u don't lose it all back, plus extra. Just becos u made money does not mean u can't lose it all back. Don't rely on luck or a favorable market to protect yr hard earned $$. Protect yrself at all times, esp those younger investors who think QE is forever, interest rates will always be 1%+   n have not seen really bad times.

 

Hardly come to this forum, I am a retail investor, trading capital a few $M cash. In the last few years, made abt $2M in the local market. Trading for abt 20 years+.

Right now see 2 camps in market:

1)Bullish camp--thinks Fed tapering won't cause further correction in equity markets,they also don't think interest rates will rise in the near term, and if they rise, won't rise much. They see this period as " transition" to a more normal period after the massive QE since 2009. They think US economy is improving significantly and r scared of China cos they fear China may drag down the US and EU recovery. They basically think equities should go up with an improving US economy, they also think Japan QE will take over from US QE, and US fracking its own oil n gas will really help the US economy n a stronger dollar will pull money into US. 

2)Bearish camp--thinks QE was so much that more unwinding will come. Think tapering will come sooner than later n markets r too hopeful n have not discounted the tapering yet n also possible interest rate hikes to come. After seeing the severe corrections in gold and bonds, hard to believe there will be only a mild correction in equities.In 1999 2H to 2000 1H, fed jacked rates to fight inflation resulting in severe correction in equity markets after. Every rate rise, Fed said it is enough, markets tried to recover, the fed jacked rates again. Think S& P dropped 40%? after that. And the same old optimistic forecasts from finance houses in 1999 n 2000, just like now, " it is just returning to normal" , " rising rates r good cos they show economy is strong, so stocks should go up" , all sorts of reasons that turned out to be totally wrong.

Personally I favor the bear side, tho I keep an open mind, cos it's easy to be wrong on the markets. I avoided most of the drop since 2 months ago, but lost a few $100K earlier this year when my local stocks failed on the uptrend. I think the big funds that have the most effect on our market also favor the bear side, that is why our rebounds so far have been muted, unlike the rebound in US. I think the big funds r waiting for further correction in the US, whereupon our STI may drop to a lower level, like below 3000, maybe towards 2500-2800. The property loan restrictions n previous prop measures also won't help. Our own govt is blatantly warning abt higher interest rates n seem comfortable n even welcoming towards a slowdown/correction in asset prices.      

This reminds me a lot of the start of the 1998-2003 period, which was very bad for local asset prices n the domestic economy. 

I see some ppl have made a bit of $$$ in the last few years. Be careful u don't lose it all back, plus extra. Just becos u made money does not mean u can't lose it all back. Don't rely on luck or a favorable market to protect yr hard earned $$. Protect yrself at all times, esp those younger investors who think QE is forever, interest rates will always be 1%+   n have not seen really bad times.

 

Telcos did quite well too!

 

U.K. Manufacturing Unexpectedly Falls in May on Drop in Metals
U.K. manufacturing unexpectedly shrank in May amid a drop in output of pharmaceuticals and metals, casting doubt on the strength of the recovery in the second quarter.
Factory output fell 0.8 percent from April, when it declined 0.2 percent, the Office for National Statistics said today in London. The median forecast of 25 economists in a Bloomberg News survey was a 0.4 percent rise. Overall industrial production was unchanged, thanks to an increase in oil and gas production.
The data suggest a broad-based recovery is struggling to take hold, with industrial production rising just 0.2 percent in the latest three months. A revival in consumer spending has prompted economists at banks including JPMorgan Chase & Co. to raise their U.K. growth forecasts for this year.

U.K. Manufacturing Unexpectedly Falls in May on Drop in Metals
“It’s disappointing, and suggests that underlying growth is somewhat weaker than many may have expected,” said Philip Rush, an economist at Nomura International Plc in London. “It looks like industrial production will make a negligible contribution to GDP. The Bank of England is likely to be leaving policy on hold or potentially loosening.”
The pound fell as much as 0.6 percent against the dollar after the data were published, and traded at $1.4892 at 9:47 a.m. in London, down 0.4 percent from yesterday.
A separate report showed the goods-trade gap was little changed at 8.5 billion pounds ($12.7 billion) in May. Exports rose 1.5 percent while imports climbed 1.3 percent. An improvement in the deficit with European Union nations offset a deterioration in trade with the rest of the world.
Oil exports rose 27.2 percent on the month, the biggest increase since Sept. 2002, the ONS said.
Net Trade
The surplus on services narrowed to 6.1 billion pounds, leaving the overall deficit at 2.4 billion pounds compared with 2.1 billion pounds in April. That suggest net trade will struggle to make a contribution to growth in the second quarter.
Bank of England policy makers made an early start last week on providing forward guidance on monetary policy. At Mark Carney’s first meeting as governor, officials voted for no change to policy and released a statement cautioning on the pickup in rate expectations following a signal from Federal Reserve Chairman Ben S. Bernanke that the U.S. is preparing to start unwinding its bond purchase program.
The BOE held its bond-purchase program at 375 billion pounds and its key interest rate at a record low 0.5 percent at its July 4 meeting.
Extra Day
Industrial production fell 2.3 percent in May from a year earlier and manufacturing declined 2.9 percent, reflecting an extra working day last year as an annual public holiday was shifted to June to coincide with Queen Elizabeth II’s Diamond Jubilee celebrations.
Six sectors of manufacturing fell in May from April and seven rose, the ONS said. The overall drop was led by declines in pharmaceutical and metals. This was partly offset by higher output of food and drink, reflecting warmer weather and the start of summer.
Overall industrial production was aided by a 4.9 percent increase in output of crude oil and gas and a 3.6 percent gain in water supply. Output at utilities fell 1.7 percent.
To contact the reporter on this story: Jennifer Ryan in London at jryan13@bloomberg.net

 

Comfort and SGX shooting to the sky?

 

Stand corrected, it's UK

LoveToInvest      ( Date: 09-Jul-2013 16:35) Posted: U.S Manufacture fell, contradicting

 

U.S Manufacture fell, contradicting

 

再 唱 一 段 .......， 清 Huat ah kueh!!!

 

Support line can't break, say bye to my stock

LoveToInvest      ( Date: 09-Jul-2013 14:32) Posted: Huat kueh Lai lo

 

Huat kueh Lai lo

 

HSI n SSE ponchek liao. Red wine coming again. Good luck. 

 

ai ai,,,hsi dont saboh leh,,,,,jialah

 

美 人 来 吧

GorgeousOng      ( Date: 09-Jul-2013 10:26) Posted: 美 酒 ..再 来 一 杯 ..再 来 一 杯 美 酒 吧 ！ 🙈 🙉 🙊 🙊 🙉 🙈

 

cannot drink too much green tea later no strength..

bishan22      ( Date: 09-Jul-2013 08:37) Posted: Nikkei is sipping green tea this morning. Good luck.

 

HSI gain melted away...

Siwomp      ( Date: 09-Jul-2013 09:52) Posted: Positive China June CPI.  mkts up.

 

美 酒 ..再 来 一 杯 ..再 来 一 杯 美 酒 吧 ！ 🙈 🙉 🙊 🙊 🙉 🙈

 

别 那 么 己 人 忧 天 吗 ！

Octavia      ( Date: 09-Jul-2013 09:11) Posted: Singapore shares are likely to trade in a range as investors remain cautious before Chinese economic data. The Straits Times Index which fell 0.5% Monday may take a positive cue from Wall Street after shares rose overnight, however concerns about growth slowing in China could limit any upside. " With today's tone likely to moderate into a more neutral mode, we could see the index consolidating around current levels with the immediate support pegged at 3130 with resistance pegged at 3170," SIAS says in a note. Banks and property stocks will be in focus as any negative news from China is likely to hurt demand for these shares.