Daily Morning Note – 3 Oct 2019
WEEKLY MARKET OUTLOOK WEBINAR
PHILLIP SUMMARY
Asian stocks looked set to follow U.S. stocks down amid increased concerns about a global slowdown. Futures pointed lower in Japan, Australia and Hong Kong, with markets in China and South Korea closed for holidays. The 10-year Treasury yield fell for a fifth straight day to 1.6% on U.S. hiring numbers. The yen rose versus the dollar and gold spiked above $1,500. Elsewhere, oil fell to the lowest level in almost two months after swelling inventories in the world’s biggest economy added to a pessimistic and weakening economic backdrop.
BREAKING NEWS
European stock markets dived almost 3 per cent to log their worst day since last December on Wednesday as the threat of a transatlantic trade war and dismal economic data added to fears about a faltering global economy.
Wall Street stocks tumbled on Wednesday after lackluster US employment data deepened recession worries amid grinding trade conflicts.
WALL Street’s main indexes hit fresh one-month lows at the open on Wednesday, extending losses from the previous session, as a contraction in domestic factory activity pointed to impact from a prolonged US-China trade war.
Chaswood Resources, whose shares have been suspended from trading since June 18, 2018, has been granted an eight-week extension for a moratorium that expired on Oct 1, it announced on Wednesday night.
BREADTALK founder George Quek is looking to a Singapore-Taiwan free trade pact to resolve the issues encountered in his recent personal acquisition of Taiwan’s Pacific Sogo Department Stores.
UNITS of Lendlease Global Commercial Reit (Lendlease Global Reit) made a stellar debut on the Singapore Exchange’s (SGX) main board on Wednesday afternoon.
Source: SGX Masnet, The Business Times, Bloomberg, Channel NewsAsia, Reuters, PSR
Webinar Of The Week
Market Outlook: : (PSR) 2019-09-30 Lendlease, Venture, REITs monthly, China Weekly, Technicals
Date: 30 September 2019
Phillip Research in 3 minutes: #14- Singapore Banking Sector
Updates summarised in 3 minutes
For more videos on Phillip in 3 Mins
| Disclaimer |
| The information contained in this email and/or its attachment(s) is provided to you for information only and is not intended to or nor will it create/induce the creation of any binding legal relations. The information or opinions provided in this email do not constitute an investment advice, an offer or solicitation to subscribe for, purchase or sell the e investment product(s) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of this information. Investments are subject to investment risks including possible loss of the principal amount invested. The value of the product and the income from them may fall as well as rise. You may wish to seek advice from an independent financial adviser before making a commitment to purchase or investing in the investment product(s) mentioned herein. In the event that you choose not to do so, you should consider whether the investment product(s) mentioned herein is suitable for you. PhillipCapital and any of its members will not, in any event, be liable to you for any direct/indirect or any other damages of any kind arising from or in connection with your reliance on any information in and/or materials attached to this email. The information and/or materials provided “as is” without warranty of any kind, either express or implied. In particular, no warranty regarding accuracy or fitness for a purpose is given in connection with such information and materials. |
| Confidentiality Note |
| This e-mail and its attachment(s) may contain privileged or confidential information, which is intended only for the use of the recipient(s) named above. If you have received this message in error, please notify the sender immediately and delete all copies of it. If you are not the intended recipient, you must not read, use, copy, store, disseminate and/or disclose to any person this email and any of its attachment(s). PhillipCapital and its members will not accept legal responsibility for the contents of this message. Thank you for your cooperation. |
