Daily Morning Note – 30 November 2018
WEEKLY MARKET OUTLOOK WEBINAR
Register HERE for MONDAY’s 11.15am webinar.
Archived webinars available.
YOUR PHILLIP SUMMARY
U.S. stocks reversed direction to close lower Thursday as investors’ attention shifted to a weekend meeting between President Donald Trump and Chinese President Xi Jinping amid some scepticism whether the two leaders can reach a consensus on trade. (DJIA -0.1%; SPX -0.2%; COMP -0.3%)
The Fed minutes from the central bank’s November meeting showed that almost every member of the Federal Open Market Committee felt comfortable with raising interest rates “fairly soon” as long as job market and inflation data were in line with expectations, bolstering expectations of another rate hike in December.
Deutsche Bank’s headquarters in Frankfurt were searched by prosecutors in a money-laundering probe.
Source: MarketWatch, Bloomberg
Americans’ spending rose by more than forecast in October, giving the biggest part of the
economy a solid start to the quarter, while a measure of underlying inflation cooled to the slowest
US central bankers believe another interest rate hike is due “fairly soon,” boosting widespread
expectations the Federal Reserve will raise lending costs next month, according to meeting
minutes released Thursday.
Creative Technology has partnered a Singapore-based video publishing platform to promote its
much-vaunted Super X-Fi audio technology, the home-grown consumer electronics company said
Source: SGX Masnet, Bloomberg, Reuters, The Business Times, Channel NewsAsia, Phillip Securities Research
Clients of Phillip Securities can keep updated with Country Strategy and Singapore Sector Reports by logging into: www.poems.com.sg > STOCKS > Research
|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.|
|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.|