12 December, Friday 😄 U.S mkt : U.S stocks rose on thursday as robust retail sales pointed to a strengthening economy and lifted optimism about consumer spending. however stocks pared their advance in the afternoon as wti oil fell below $60 for the 1st time in 5 yrs. European mkt : European stocks rose on thursday as concerns over political instability in Greece and new restriction on Chinas debt mkt bagan to subside and as ECB was set to issue a 2nd round of long term loans to the regions bank. U.K stocks turned lower after another round of pullbacks for mining companies. Gold : Gold prices fell on thursday as robust retail sales data boosted the dollar by keeping expectation that FED will began hiking interest rate in 2015. Crude oil : Crude oil fell below $60 on thursday as upbeat U.S retail sales report strengthened the dollar and weakened commodity. KLCI : Mkt closed 20.95pts lower after Weds technical round as investors remained on sidelines following news that global oil prices are expected to decline further. Todays economic event : - Chinas industrial production y/y - U.S PPI m/m - U.S prelim UoM consumer Sentiment News flow : * IOIPROP : not seeking control in buyung 37% of Taipei 101 owner. * Bumi Armada : signs rm3.98bil contract with Indonesian company * DNex : goes into energy sector * BJCORP : increase stake in REDtone to 20% * SKPETRO : EPF raises stake to 13.48% * Astro : 9mths revenue up 10% * AZRB : among 8 companies in final round for kwasa land project * BIMB : sets lower KPI for fy2015 DJIA : 17596.34 (+63.19) Dax : 9862.53 (+62.80) FTSE 100 : 6461.70 (-38.34) Gold : 1226.70 (-5.20) Crude oil : 59.06 (-2.21) USD/MYR : 3.51 Msia 10yr bond yield : 4.161% U.S 10yr bond yield : 2.167% Thurs bursa trade stat ( RM ) : Local Institutions (51.2%) : net BUY 180.7mil Retail (14.9%) : net BUY 11.7mil Foreign (33.9%) : net SELL 192.4mil
Posted on: Fri, 12 Dec 2014 00:55:06 +0000