25 November, Tuesday 😊 U.S mkt : U.S stocks ended slightly higher on monday on hopes that upcoming economic data this week i.e. GDP, consumer confidence and homesales will reflect an improving U.S economy. European mkt : European Stocks ended higher on monday, encouraged by expectations for further stimulus from ECB to support equity mkt, although strong biz climate data from Germany may diminish expectation for immediate action. Gold : Gold prices held steady on monday, supported by softer dollar, chinese rate cut and upbeat U.S data but uncertainty ahead todays economic growth and consumer confidence report capped gains. Crude oil : Crude oil prices fell slightly as investors jumped to sidelines ahead of OPEC meeting this Thursday, with many expect the meeting is unlikely to reaxh agreement on trimming production. KLCI : Mkt closed sharply higher yesterday, supported by gains in key stocks such as Tenaga, Digi, CIMB and SKPETRO on funds buying. Todays economic event : - U.S prelim GDP q/q - U.S CB consumer confidence Newsflow : * Sona : committed to Salamander deal * UEMS : eyes more property projects in Melbourne * Affin : 3rd qtr earnings down 17.9% due to lower profit fr banking arm * Minetech : active trading after MoU to go into diamond and gold mining in Indonesia * Axiata : Q3 net profit down 12% * E.A. Technique : IPO to raise rm74.1mil DJIA : 17817.90 (+7.84) Dax : 9785.54 (+52.99) FTSE 100 : 6729.79 (-20.97) Gold : 1197.20 Crude oil : 75.64 USD/MYR : 3.35 Msia 10yr bond yield : 3.892% U.S 10 yr bond yield : 2.301% Mondays bursa trade stat ( RM ) : Local Institutions (56.1%) : net SELL 91.2mil Retail (22.4%) : net SELL 17mil Foreign (21.5%) : net BUY 108.2mil
Posted on: Tue, 25 Nov 2014 01:02:29 +0000
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