| Some Stocks Indices |
| Previous Trading Day's Close |
| Name |
Value |
Change |
Dow Jones Industrial Average |
15,387.58 |
(+ 52.30) |
| Strait Times Industrial Index |
3,443.90 |
(- 10.33) |
| Kuala Lumpur Stock Exchange |
1,787.38 |
(+ 10.23) |
| Nikkei 225 |
15,544.49 |
(+ 163.47) |
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| Crude & Gold Price |
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| Brent Crude Oil |
USD 103.53 |
(- 0.36) |
| Gold Bullion |
USD 1,378 |
(+ 1.95) |
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| FX REVIEW : |
The yen weakened against all of its 16 major peers as the Bank of Japan starts a two-day policy meeting. European stocks and most Asian equities retreated as investors weighed the pace of Federal Reserve stimulus efforts.The pound weakened against the dollar and the euro, snapping yesterday's gains, before a government report that economists predict will show U.K. consumer-price inflation slowed in April.Australia's dollar held its biggest gain in two months against the greenback before Federal Reserve Chairman Ben S. Bernanke speaks in Congress tomorrow. |
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| FX OUTLOOK: |
'The way I see Bernanke playing this is that he's just going to come out and defend his easy policies,' said Chris Weston, the chief market strategist at IG Markets in Melbourne.'People are looking to cover shorts on the Aussie dollar ahead of that, and that's why we're seeing the move up.' |
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| STX REVIEW : |
U.S. stocks declined, after the Standard & Poor’s 500 Index climbed four straight weeks, as investors weighed the pace of central bank stimulus efforts amid corporate dealmaking.U.K. stocks were little changed, after the benchmark FTSE 100 Index yesterday rallied to its highest level since September 2000. Carnival Corp. plunged 15 percent in London after the world’s largest cruise operator cut its profit forecast for the second half of 2013. Japan’s Topix Index extended a 4 1/2- year high as steelmakers rallied and GS Yuasa Corp. jumped after Dreamliner flights resumed in the U.S. Gains were limited as property developers slid.Hong Kong stocks fell, with the benchmark equity index retreating from a three-month high, as Industrial & Commercial Bank of China Ltd. dropped after Goldman Sachs Group Inc. was said to sell its stake in the lender. |
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| STX OUTLOOK: |
Asia's benchmark stock index swung between gains and losses as Australian banks fell, Goldman Sachs Group Inc. sold a $1.1 billion stake in Industrial & Commercial Bank of China Ltd., and Tokyo Electric Power Co. surged. |
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| DISCLAIMER: |
This daily commentary and report is subject to change without notice. For the latest information, please call Siew Yong or Pg Azaleen, Treasury Department at (673) 226 8307. |
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