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Singapore's manufacturing economy expands in April
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ic...tk
To me, all the traders were just for an excuse to dump their holdings, on both sides of the globe. This latest drop is also caused by the development in Spain and US investors have been saying Spain requires about 300billion in loans. The govt of Spain is trying to deny this but it is driving the markets down. The bears now seem to be in charge once again. Good luck.
win_88 ( Date: 04-May-2010 23:15) Posted:
I thought STI and other asian mkt already suffer its loses today due to the european side, while Dow open later that why they are experiencing the similiar outcome?? Personal opinion...not very sure too..
blackstreams ( Date: 04-May-2010 23:12) Posted:
Based on current futures, SGX will open about 50 points down. HK will open about 350 points down, dragging the SGX down further. Your data doesn't stand a chance :(.
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I think sti will continue to dip!~
I thought STI and other asian mkt already suffer its loses today due to the european side, while Dow open later that why they are experiencing the similiar outcome?? Personal opinion...not very sure too..
blackstreams ( Date: 04-May-2010 23:12) Posted:
Based on current futures, SGX will open about 50 points down. HK will open about 350 points down, dragging the SGX down further. Your data doesn't stand a chance :(.
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SINGAPORE: Singapore's manufacturing economy expanded for the 12th consecutive month in April on the back of higher orders.
The Purchasing Managers' Index (PMI) showed a reading of 51.9, an increase of 0.8 point over the previous month.
A reading above 50 indicates that the manufacturing economy is expanding.
The electronics sector continues to grow for the sixth straight month but at a slower pace at 51.8 points.
This is down by 1.6 points from March, dragged lower by first-time contractions in production output and inventory.
The data also showed that the stockholdings of finished goods and imports have eased.
Meanwhile, employment in the electronics sector continued to expand in April, having moderated in the earlier month.
- CNA/jy
Based on current futures, SGX will open about 50 points down. HK will open about 350 points down, dragging the SGX down further. Your data doesn't stand a chance :(.
Singapore's manufacturing economy expands in April; PMI at 51.9 points.
This news is announce after the market close or earlier today?? i just saw it not long on channelnewsasia....i hope this data will help in the STI tomorrow..... pls advise... tk......
