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Sent over to them over the weekend already. They are all very happy.
LoveToInvest ( Date: 01-Jul-2013 21:09) Posted:
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U.K. manufacturing grew at the fastest pace in two years and mortgage approvals rose more than forecast, adding to signs that the recovery is gaining traction.
A factory gauge rose to 52.5 in June from 51.5 in May, Markit Economics and the Chartered Institute of Purchasing and Supply said today in London, above the 50 level that divides expansion from contraction. A separate report showed banks granted the most home loans in May since 2009.
The data come as Mark Carney begins his governorship of the Bank of England, which will probably leave its stimulus program unchanged at a meeting of policy makers on July 4. Still, data from China and the euro area today point to signs of strain that could curb Britain’s recovery.
Video 06:52
Gieve Says Banks Looking Forward to Carney at BOE
“It’s encouraging to see some decent signs of recovery in manufacturing and housing, and overall it looks like the economy may have expanded at a faster rate in the second quarter,” said Samuel Tombs, an economist at Capital Economics Ltd. in London. “Whether Carney can persuade the other policy makers to do more quantitative easing this week is doubtful, and the time for more action will most likely be in August.”
Economists had forecast a factory index reading of 51.4 in June, according to the median of 34 estimates in a Bloomberg News survey. The pound erased its loss against the dollar after the data and traded at $1.5241 as of 10:56 a.m., up 0.2 percent from June 28.
U.K. Factory Index Increases to Two-Year High as Mortgages Jump
Economy Accelerates
New orders at manufacturers rose for a fourth month in June, while input costs fell for a third month. Textiles and clothing and food and drink categories led the pickup in manufacturing, though all categories covered by the survey showed improvement, Markit said.
The strength in production suggests gross domestic product rose 0.5 percent in the second quarter, up from 0.3 percent in the first three months of the year, Rob Dobson, senior economist at Markit, said in the statement.
Bank of England data today showed lenders granted 58,242 home loans in May, up from 54,354 in April. Net mortgage lending rose 282 million pounds ($429 million). The government’s Funding for Lending Scheme has helped ease credit strains, supporting the recovery in the housing market. Property researcher Hometrack said today that house prices rose 0.4 percent in June, matching the biggest increase in six years.
Still, the BOE said loans to non-financial businesses fell by 1.3 billion pounds in May from April. Lending dropped 3.6 percent from a year earlier.
Carney’s Welcome
The BOE’s Monetary Policy Committee will leave its bond-purchase plan at 375 billion pounds, according to all 44 economists in a Bloomberg News survey. Officials will also keep the key interest rate at 0.5 percent, a separate poll showed. The bank will announce its decision at noon in London on July 4.
“Mark Carney has been welcomed by some solid data releases on his first day,” David Tinsley, an economist at BNP Paribas SA in London and a former central bank official, said in an e-mailed note. “The question is whether the improvement in the activity data is strong enough and whether it will prove enduring.”
Former BOE deputy governor John Gieve said Carney faces a challenge in pushing through more stimulus. Mervyn King and two colleagues failed in recent months months to persuade the nine-member MPC to authorize more bond purchases.
“This is quite hard as a majority has voted against an extra boost for several months in a row and the news is a little bit better,” Gieve said in an interview with Bloomberg Television. “He’s got a big persuasive job if he wants to change their views today.”
China Weakness
Elsewhere, two gauges of China’s manufacturing fell in June. An official Purchasing Managers’ Index dropped to 50.1, the lowest level in four months, from 50.8, the National Bureau of Statistics and China Federation of Logistics and Purchasing said in Beijing. A private PMI from HSBC Holdings Plc (HSBA) and Markit Economics was 48.2, the weakest since September.
In the euro area, manufacturing output contracted less than initially estimated in June. A gauge in the 17-nation region increased to 48.8 from 48.3 in May, Markit said. That’s above an initial estimate of 48.7 on June 20. Spain’s manufacturing output stabilized for the first time since April 2011, with an index rising to 50 from 48.1.
Still, the euro-region jobless rate rose to 12.1 percent in May from a revised 12 percent in April. Inflation accelerated to 1.6 percent in June from 1.4 percent in May, matching the median estimate of 40 economists in a Bloomberg survey.
A U.S. manufacturing report from the Institute of Supply Management may show an increase to 50.5 in June from 49 in May, according to the median of 71 estimates in a Bloomberg survey. The May reading was the weakest in four years. The Tempe, Arizona-based group will publish the data later today.
A factory gauge rose to 52.5 in June from 51.5 in May, Markit Economics and the Chartered Institute of Purchasing and Supply said today in London, above the 50 level that divides expansion from contraction. A separate report showed banks granted the most home loans in May since 2009.
The data come as Mark Carney begins his governorship of the Bank of England, which will probably leave its stimulus program unchanged at a meeting of policy makers on July 4. Still, data from China and the euro area today point to signs of strain that could curb Britain’s recovery.
Video 06:52
Gieve Says Banks Looking Forward to Carney at BOE
“It’s encouraging to see some decent signs of recovery in manufacturing and housing, and overall it looks like the economy may have expanded at a faster rate in the second quarter,” said Samuel Tombs, an economist at Capital Economics Ltd. in London. “Whether Carney can persuade the other policy makers to do more quantitative easing this week is doubtful, and the time for more action will most likely be in August.”
Economists had forecast a factory index reading of 51.4 in June, according to the median of 34 estimates in a Bloomberg News survey. The pound erased its loss against the dollar after the data and traded at $1.5241 as of 10:56 a.m., up 0.2 percent from June 28.
U.K. Factory Index Increases to Two-Year High as Mortgages Jump
Economy Accelerates
New orders at manufacturers rose for a fourth month in June, while input costs fell for a third month. Textiles and clothing and food and drink categories led the pickup in manufacturing, though all categories covered by the survey showed improvement, Markit said.
The strength in production suggests gross domestic product rose 0.5 percent in the second quarter, up from 0.3 percent in the first three months of the year, Rob Dobson, senior economist at Markit, said in the statement.
Bank of England data today showed lenders granted 58,242 home loans in May, up from 54,354 in April. Net mortgage lending rose 282 million pounds ($429 million). The government’s Funding for Lending Scheme has helped ease credit strains, supporting the recovery in the housing market. Property researcher Hometrack said today that house prices rose 0.4 percent in June, matching the biggest increase in six years.
Still, the BOE said loans to non-financial businesses fell by 1.3 billion pounds in May from April. Lending dropped 3.6 percent from a year earlier.
Carney’s Welcome
The BOE’s Monetary Policy Committee will leave its bond-purchase plan at 375 billion pounds, according to all 44 economists in a Bloomberg News survey. Officials will also keep the key interest rate at 0.5 percent, a separate poll showed. The bank will announce its decision at noon in London on July 4.
“Mark Carney has been welcomed by some solid data releases on his first day,” David Tinsley, an economist at BNP Paribas SA in London and a former central bank official, said in an e-mailed note. “The question is whether the improvement in the activity data is strong enough and whether it will prove enduring.”
Former BOE deputy governor John Gieve said Carney faces a challenge in pushing through more stimulus. Mervyn King and two colleagues failed in recent months months to persuade the nine-member MPC to authorize more bond purchases.
“This is quite hard as a majority has voted against an extra boost for several months in a row and the news is a little bit better,” Gieve said in an interview with Bloomberg Television. “He’s got a big persuasive job if he wants to change their views today.”
China Weakness
Elsewhere, two gauges of China’s manufacturing fell in June. An official Purchasing Managers’ Index dropped to 50.1, the lowest level in four months, from 50.8, the National Bureau of Statistics and China Federation of Logistics and Purchasing said in Beijing. A private PMI from HSBC Holdings Plc (HSBA) and Markit Economics was 48.2, the weakest since September.
In the euro area, manufacturing output contracted less than initially estimated in June. A gauge in the 17-nation region increased to 48.8 from 48.3 in May, Markit said. That’s above an initial estimate of 48.7 on June 20. Spain’s manufacturing output stabilized for the first time since April 2011, with an index rising to 50 from 48.1.
Still, the euro-region jobless rate rose to 12.1 percent in May from a revised 12 percent in April. Inflation accelerated to 1.6 percent in June from 1.4 percent in May, matching the median estimate of 40 economists in a Bloomberg survey.
A U.S. manufacturing report from the Institute of Supply Management may show an increase to 50.5 in June from 49 in May, according to the median of 71 estimates in a Bloomberg survey. The May reading was the weakest in four years. The Tempe, Arizona-based group will publish the data later today.
Ya that's nice coz I still have 70 lots Singpost to collect dividend tomorow .. Lets Huat together👍
Dividend_Warrior ( Date: 01-Jul-2013 20:53) Posted:
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Slow n steady.Huat kueh leh? Where is our CEO Peter Pan Huat kueh? Can post the green Huat kueh coz Ang Moh loves to eat, just to satisfy them so that they will Huat too tonight on the platform
LoveToInvest ( Date: 01-Jul-2013 21:05) Posted:
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Stocks could rise again today as manufacturing data from global PMI surveys showed weakness in China and improvements in Europe.
Chinese stocks traded up today despite signs of slowing factory growth. The HSBC China manufacturing PMI showed that factory activity slowed to a 9-month low of 48.2. The government's official survey fell to 50.1. Readings under the 50 threshold indicate contraction in the sector. The government surveys more large and state-sponsored enterprises and HSBC's is weighted more heavily toward small and medium manufacturers. Still, the Chinese manufacturing sector is showing very sluggish growth at best in June.
Japan's quarterly Tankan survey of large manufacturers came in at 4 in the second three months of 2013 after falling by eight points in the first quarter. Small manufacturers also improved to -14 from -19. Service companies reported a rise to 8. Capital expenditure also recovered to 2 from -3.9. Japanese stocks rose on the improvement in this key economic reading.
Better-than-expected PMI data from Europe boosted the continent's share prices and might brighten the economic picture today. Manufacturing for the European Union showed a 0.5 point rise from the flash estimate to 48.8. Germany worsened to 48.6 from 49.4 and France gained two points to a 16-month high of 48.4. Spain's factories had the first month since April 2011 when they didn't get worse. Spain PMI hit the neutral 50 mark.
However, eurozone unemployment hit a record high of 12.1% in May, up 0.1 percentage point from April. Inflation rose to 1.6% but still remains historically low.
The US manufacturing reading is expected to show that growth stayed strong at 52.3. The ISM manufacturing PMI is expected to rise to go from contraction to an expansion of 50.4. Construction spending is expected to rise 0.6% in May after gaining 0.4% in April.
Stocks are headed for a fifth straight day of gains. Dow (INDEXDJX:.DJI) futures were up 0.45% at 14,890 this morning. Futures contracts on the S&P 500 (INDEXSP:.INX) gained 0.42% to 1,606.00 Nasdaq (INDEXNASDAQ:.IXIC) futures climbed 0.62% to 2,919.25.
Apple Inc. (NASDAQ:AAPL) gained more than 1% in the pre-market after the rumor mill about new products kicked into high gear. Apple reportedly filed a patent in Japan for an "iWatch," its apparent foray into the nascent wearable computing space dominated by the still-rare glasses from Google Inc. (NASDAQ:GOOG). Sony Corporation (NYSE:SNE) has had a smartwatch on the market for over a year, with limited success. Apple could face downward pressure however, as analysts at Jeffries, Oppenheimer, and and Susquehanna all cut their price targets to $405, $460, and $480, respectively.
Pandora Media Inc. (NYSE:P) added 4.35% this morning after Morgan Stanley analysts upgraded the shares to overweight.
Twitter: @vincent_trivett
Read more: http://www.minyanville.com/business-news/the-economy/articles/Pre-Market-Primer253A-Apple-Inc-Reportedly/7/1/2013/id/50613#ixzz2XnZjtcaw
Chinese stocks traded up today despite signs of slowing factory growth. The HSBC China manufacturing PMI showed that factory activity slowed to a 9-month low of 48.2. The government's official survey fell to 50.1. Readings under the 50 threshold indicate contraction in the sector. The government surveys more large and state-sponsored enterprises and HSBC's is weighted more heavily toward small and medium manufacturers. Still, the Chinese manufacturing sector is showing very sluggish growth at best in June.
Japan's quarterly Tankan survey of large manufacturers came in at 4 in the second three months of 2013 after falling by eight points in the first quarter. Small manufacturers also improved to -14 from -19. Service companies reported a rise to 8. Capital expenditure also recovered to 2 from -3.9. Japanese stocks rose on the improvement in this key economic reading.
Better-than-expected PMI data from Europe boosted the continent's share prices and might brighten the economic picture today. Manufacturing for the European Union showed a 0.5 point rise from the flash estimate to 48.8. Germany worsened to 48.6 from 49.4 and France gained two points to a 16-month high of 48.4. Spain's factories had the first month since April 2011 when they didn't get worse. Spain PMI hit the neutral 50 mark.
However, eurozone unemployment hit a record high of 12.1% in May, up 0.1 percentage point from April. Inflation rose to 1.6% but still remains historically low.
The US manufacturing reading is expected to show that growth stayed strong at 52.3. The ISM manufacturing PMI is expected to rise to go from contraction to an expansion of 50.4. Construction spending is expected to rise 0.6% in May after gaining 0.4% in April.
Stocks are headed for a fifth straight day of gains. Dow (INDEXDJX:.DJI) futures were up 0.45% at 14,890 this morning. Futures contracts on the S&P 500 (INDEXSP:.INX) gained 0.42% to 1,606.00 Nasdaq (INDEXNASDAQ:.IXIC) futures climbed 0.62% to 2,919.25.
Apple Inc. (NASDAQ:AAPL) gained more than 1% in the pre-market after the rumor mill about new products kicked into high gear. Apple reportedly filed a patent in Japan for an "iWatch," its apparent foray into the nascent wearable computing space dominated by the still-rare glasses from Google Inc. (NASDAQ:GOOG). Sony Corporation (NYSE:SNE) has had a smartwatch on the market for over a year, with limited success. Apple could face downward pressure however, as analysts at Jeffries, Oppenheimer, and and Susquehanna all cut their price targets to $405, $460, and $480, respectively.
Pandora Media Inc. (NYSE:P) added 4.35% this morning after Morgan Stanley analysts upgraded the shares to overweight.
Twitter: @vincent_trivett
Read more: http://www.minyanville.com/business-news/the-economy/articles/Pre-Market-Primer253A-Apple-Inc-Reportedly/7/1/2013/id/50613#ixzz2XnZjtcaw
I only eat popcorn, watch show and collect dividends.
LoveToInvest ( Date: 01-Jul-2013 20:30) Posted:
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己 人 忧 天
Dividend_Warrior ( Date: 01-Jul-2013 19:10) Posted:
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Ｔ ｉ ｏ 。 Ｂ ｏ ｈ ？ 对 吗 ？ 😁
LoveToInvest ( Date: 01-Jul-2013 20:04) Posted:
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眼 看 手 不 动 ， 手 动 心 痛 痛 ！ 大 家 大 发 小 发 都 是 发 ， 何 必 争 一 时 之 快 。
LoveToInvest ( Date: 01-Jul-2013 19:59) Posted:
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Need to set target to earn $$ since pennies not moving much...U dont move I don't move..if u move my troop will be active..So far how u trade?
CSH123 ( Date: 01-Jul-2013 19:21) Posted:
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$61000 for $800 gain??:)
LoveToInvest ( Date: 01-Jul-2013 18:49) Posted:
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Yaloh I hope that the china economy don't crash. Their reserve can buy a lot of Huat Kueh cover the whole mountain ,山 上 有 宝 ， 地 上 有 金 ， 哪 儿 都 有 钱 ， 要 看 你 有 多 本 事 。
halleluyah ( Date: 01-Jul-2013 18:58) Posted:
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Ghost towns.......
Octavia ( Date: 01-Jul-2013 17:44) Posted:
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Short sell orders executed on 01 July 2013
Wow, vry scary man!! Better dun play play aredi.....afterwards can get burn till chow tah boh??
Octavia ( Date: 01-Jul-2013 17:44) Posted:
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Key in 4 lots at 15.36 done .waiting to go up to my price!! Everyone jia you
GorgeousOng ( Date: 01-Jul-2013 18:15) Posted:
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Hahahaaa! I help you to translate for our Sista halleluyah n tanlingboy !!!!
"Once washed, outbreak of force is very strong Oh! This live again we rise higher and higher, wealth booming, refueling! Then add oil! Resolute into gold"
LTI, how is the translation ? Hahaaa!
Mancho Man, what do you think????
Hahahaaa!!!!! 🙈 🙉 🙊 🙊 🙉 🙈
"Once washed, outbreak of force is very strong Oh! This live again we rise higher and higher, wealth booming, refueling! Then add oil! Resolute into gold"
LTI, how is the translation ? Hahaaa!
Mancho Man, what do you think????
Hahahaaa!!!!! 🙈 🙉 🙊 🙊 🙉 🙈
LoveToInvest ( Date: 01-Jul-2013 17:52) Posted:
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一 但 冲 ， 暴 发 力 是 很 强 的 喔 ！ 再 此 住 大 家 步 步 高 升 ， 财 富 蒸 蒸 日 上 ， 加 油 ！ 再 加 油 ！
LoveToInvest ( Date: 01-Jul-2013 17:47) Posted:
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Setting my buying target and let it be... Today busy with work can't surf Internet.These few days no important news,lucky.. Huat Kueh intact...👍
GorgeousOng ( Date: 01-Jul-2013 17:30) Posted:
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