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Palm oil to end rebound around 2,503 ringgit  SINGAPORE: Malaysian palm oil is expected to end its current rebound around a resistance at 2,503 ringgit per tonne, and fall towards 2,230 ringgit.   The resistance is at the 38.2 percent Fibonacci retracement on the fall from 2,945 ringgit to 2,230 ringgit, and may serve as the ceiling for the rebound, as it's labelled as a wave (3)-4, which is a part of a five-wave cycle starting from the Sept. 4 high of 3,100 ringgit.   A downward wave (3)-5 will develop around 2,503 ringgit, to drive the price towards 2,230 ringgit.   No information in this analysis should be considered as being business, financial or legal advice.   Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.   Copyright Reuters, 2012 ...

Iron ore, Shanghai steel near 2-month peak as demand revives  SINGAPORE: Spot iron ore prices climbed to their highest in almost two months on Tuesday as steel mills from top buyer China snapped up cargoes to replenish stockpiles, encouraged by higher steel prices which also hit their loftiest since August.   Miners are gradually increasing offers of iron ore cargoes in the spot market as more and more Chinese buyers return after last week's public holiday, although traders say some buyers could soon recoil if prices rise ...
CBOT soybeans to retest resistance $15.71  SINGAPORE: CBOT November soybeans would retest a resistance at $15.71 per bushel, a break above which will open the way towards $16.12-1/2.   The resistance is at the 23.6 percent Fibonacci retracement on the fall from $17.88-1/4 to $15.04, it has successfully stopped soybeans' first round of rebound from $15.04.   The second round, labelled as a wave c, will have a good chance of breaking this level and arriving at $16.12-1/2, the 38.2 percent level.   Support is at $15.36, ...
JGBs supported by concerns over slowing global growth  TOKYO: Japanese government bonds were steady on Tuesday, as heightened worries about slowing global growth and sagging stocks supported demand for fixed income assets.   The International Monetary Fund cut its global growth forecast on Tuesday to a 3.3 percent expansion for 2012, down from its July estimate of 3.5 percent, and warned of a prolonged slump if US and European policymakers fail to address their economic problems.   The IMF also said on Tuesday China's economic growth is ...
Taiwan sells 5-year govt bonds at 0.908pc yield  TAIPEI: Taiwan auctioned T$30 billion ($1.02 billion) in five-year government bonds at a yield of 0.908 percent, the central bank said on Monday, above forecasts in a Reuters poll for a yield of between 0.87 percent and 0.89 percent. Copyright Reuters, 2012 ...
Indonesia raises 12.7 trillion rph from retail bonds  JAKARTA: Indonesia raised 12.7 trillion rupiah ($1.32 billion) from a retail bonds issue on Monday, above a 12 trillion rupiah target, said an official at the finance ministry.   The retail bonds, maturing in 2015, offer an annual coupon of 6.25 percent, higher than the current yield for 10-year benchmark bonds and for most local bank deposits, making them attractive to investors.   Entrepreneurs, private company employees and housewives were major buyers among around 25,000 investors.   Indonesia has raised 232.92 ...
Robustas at discount, Vietnam SINGAPORE: Indonesian coffee roasters were eager to buy local beans this week after a spike in global prices cut differentials, while trading slowed in rival Vietnam ahead of the arrival of fresh beans from the new season, dealers said on Friday.   Sumatran grade 4, 80 defect beans were offered at $10 to $20 below London's January contract for October-November delivery, having been quoted at par earlier this week and at premiums of up to $20 two ...


Index Closing Chg%
Arrow DJIA 17,778.15 2.43
Arrow Nasdaq 4,748.40 2.24
Arrow S&P 2,061.23 2.40
Arrow FTSE 6,466.00 2.04
Arrow DAX 9,811.06 2.79
Arrow CAC-40 4,249.49 3.35
Arrow Nikkei 17,210.05 2.32
Arrow H.Seng 22,832.21 1.09
Arrow Sensex 27,126.57 1.56

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln