Yesterday, the Dow Index threw out Hewlett-Packard, Alcoa and Bank of America. And they took in Visa, Nike and Goldman Sachs. Since the Dow is a price weighted index, the table below shows… Continue reading
Yesterday’s headlines got me thinking how much our heads are fixated with the idea of AUD and China. Headlines like “AUD lower despite strong Chinese data” and “Chinese Stocks Climb With Aussie After… Continue reading
I have become good friends with my pest control chap over the past years and we have a mutual understanding of each other. He is a typical Singaporean worker who earns too little… Continue reading
Merkelections did not give us a hung Bundestag as yours truly expected. The Germans instead handed Merkel a landslide, essentially giving the status-quo a landslide victory. However, the surprise strength of the Euro-skeptic… Continue reading
I like Citi’s piece, Resist Indiscriminate EM Positioning. “Put simplistically, the FOMC’s concern about tighter financial conditions refers to the increase in long-term interest rates. The pressure faced by emerging markets in recent… Continue reading
Bloomberg “As the government shuts the center of the city this weekend for the annual Formula One street race, residents are bracing for even more delays.” http://www.bloomberg.com/news/2013-09-19/taxis-vanish-in-rain-as-singapore-gets-congested-southeast-asia.html Tell me something I do not… Continue reading
Issuer Cpn Mty CLOSE PRICE PRICE CHANGE CLOSE YIELD Yld Chg DAY HIGH DAY LOW SINGAPORE GOV’T 0.5 1-Apr-18 98.75 (0.05) 0.782 0.01 98.75 98.75 SINGAPORE GOV’T 4 1-Sep-18 114.5 (0.25)… Continue reading
“America’s companies, from Apple Inc. (AAPL) to Verizon Communications Inc., are saving about $700 billion in interest payments with the Federal Reserve’s unprecedented stimulus.” http://www.bloomberg.com/news/2013-09-17/bernanke-saves-companies-700-billion-as-apple-to-verizon-borrow.html We have not counted what the rest of… Continue reading
Ill humoured day when you drop a candle on your foot and hurt exactly the matching toe that was stubbed 2 days ago on the other foot. To top it off, we have… Continue reading
Who says the Fed does not work for the banks ? And their AFS books into the 3Q end in less than a fortnight. Bless those profits, coming back in time for book… Continue reading