Trends - OCBC Bank - Business Recorder

OCBC Bank

Gold edges up; US rate hike bets cap gains

Gold prices crawled up on Wednesday as US Treasury yields slightly eased, but held close to a seven-week trough on...

Published 29 Sep, 2021 11:50am

Markets

Asian stocks cling to gains as Fed taper worries ease

The yield on benchmark 10-year Treasury notes rose to 1.2684%

Published 24 Aug, 2021 11:36am

Business & Finance

Yuan eases, but set for best week in two months

SHANGHAI: China’s yuan eased against the dollar on Friday but looked set for its best weekly gain in two months...

Published 31 Jul, 2021 04:05am

Markets

Yuan bounces from 1-week low, investors eye stock risks

Prior to market opening, the People's Bank of China (PBOC) set the midpoint rate at 6.4734 per dollar, 29 pips firmer than the previous fix of 6.4763

Published 27 Jul, 2021 12:20pm

Markets

Yuan dips below key threshold on rising corporate dollar demand

By midday, the global dollar index rose to 90.153 from the previous close of 90.142, while the offshore yuan was trading at 6.3975 per dollar.

Published 07 Jun, 2021 11:24am

Markets

Yuan eases after flurry of official warnings, but bullish bets rise

However, a Reuters poll showed on Thursday that bullish bets on the yuan have hit a near six-month high.

Published 03 Jun, 2021 12:19pm

Markets

Yuan jumps to 3 year high, investors wary of PBOC pressure

The offshore yuan also followed its onshore counterpart's appreciation in morning trade to test the key 6.4 per dollar level. It jumped to a high of 6.4010 before trading at 6.406 per dollar as of midday.

Published 25 May, 2021 11:16am

Markets

Most Asian currencies flat after Fed message, more US data looms

Philippine stocks declined nearly a percent, giving away gains made in the previous session.

Published 15 Apr, 2021 01:20pm

Markets

Yuan edges up as investors catch up with dollar weakness after holiday

The dollar sank to an almost two-week low against its major trading partners, moving in tandem with retreating Treasury yields from recent peaks despite signs of a robust US economic recovery.
In the spot market, the onshore yuan trading unchanged fron the open at 6.5550 per dollar, 125 pips firmer than the previous late session close on Friday.

Published 06 Apr, 2021 09:54am

Markets

Asia's iron ore futures rise for third day on demand pickup, supply worries

However, Lee said any price upside for iron ore appears limited for now.

Published 25 Mar, 2021 01:07pm

Markets

Gold prices little changed in Asia

SINGAPORE: Gold prices were little changed in Asian trade on Tuesday as investors awaited comments on US economic...

Published 24 Mar, 2021 05:10am

Markets

Singapore bank OCBC signals recovery as credit costs ease

Speaking to reporters, Wong said: "It is too early for me to talk about how we are going to utilise our very strong capital but at the moment, we do not have any M&A plan under review."

Published 24 Feb, 2021 12:25pm

Markets

Dollar hits six-week low as focus turns to Powell

"The broad dollar retains a heavy tone, expect the dollar index to continue testing the 90.00 support," said OCBC Bank strategist Terence Wu.

Published 23 Feb, 2021 11:12am

Markets

Gold off 7-month low on dollar weakness, but yields weigh

Bitcoin hit a record high on Sunday, after scaling a market capitalisation of $1 trillion on Friday.

Published 22 Feb, 2021 12:32pm

Markets

Yuan eases on dollar demand, capital outflow concerns

A trader at a Chinese bank said the market was wary of the global reflation trade against the backdrop of rising long-term US Treasury yields, which could be a headwind for the yuan.

Published 22 Feb, 2021 12:11pm

Markets

Iron ore rises on easing China liquidity concerns, upbeat demand outlook

However, trading in spot and futures markets for iron ore and steel has thinned ahead of China's week-long Spring Festival holiday beginning on Thursday.

Published 09 Feb, 2021 11:52am

Markets

Yuan firms on tightening outlook, volume shrinks ahead of holiday

The benchmark one-year dollar/yuan swap points rose to 1,683 points on Monday morning, the loftiest level since Dec. 4, 2020.

Published 08 Feb, 2021 10:35am

Markets

Silver bounces back even as retail-frenzy takes a break

The buzz that started last Thursday saw silver dealers scramble to find supplies for retail buyers, and the amount of silver traded in the London market surged to 1.006 billion ounces on Monday.

Published 03 Feb, 2021 12:03pm

Markets

Iron ore hits near 2-month low on weak China pre-holiday demand

As iron ore demand dips, portside inventory in China rose for a third straight week to 126.20 million tonnes as of Jan. 29, SteelHome data showed.

Published 02 Feb, 2021 01:05pm

Markets

Gold rises

NEW YORK: Gold rose more than 1% on Wednesday on expectations that US President Joe Biden’s administration would...

Published 21 Jan, 2021 04:23am

Markets

Iron ore futures retreat as China steel margins weaken

Rebar on the Shanghai Futures Exchange fell 1.2% by 0307 GMT, while hot-rolled coil slumped 1.6%. Stainless steel outperformed with a gain of 0.9%.

Published 19 Jan, 2021 10:38am

Markets

Gold gains as stocks dip on Washington woes, slow vaccine rollouts

Higher bond yields increase the opportunity cost of holding the non-interest yielding gold.

Published 12 Jan, 2021 12:31pm

Business & Finance

OCBC's Wong to be first woman CEO of Singapore bank

Wong, 59, will become the first woman to head a Singapore bank and among the few to lead an Asian bank. The appointment is effective April 15.
Kevin Kwek, senior analyst at Sanford C. Bernstein, said that given Wong's China experience, he expects OCBC.

Published 08 Jan, 2021 07:14pm

Markets

Gold rises on US stimulus cheer, virus fears

"Heightened inflation expectations due to the US fiscal stimulus package have seen gold pick up as an inflation hedge," said Howie Lee, an economist at OCBC Bank.

Published 22 Dec, 2020 09:05am

Business & Finance

Singapore's Nov exports fall 4.9% in year's biggest drop

The analysts said they expected exports from the city-state to rise 3.6% year-on-year in 2020, below the government's official forecast range of 4% to 4.5% growth.

Published 17 Dec, 2020 12:46pm

Markets

Yuan rises despite latest PBOC measure to reduce capital inflows

Prior to the market opening, the PBOC set the midpoint rate at 6.5361 per dollar, 44 pips firmer than the previous fix of 6.5405.

Published 14 Dec, 2020 10:38am

Gainers
Losers
Leaders

Stock	Price
786 Investments / Oct 17 786 Investments Limited(786)	7.12 ▼ 0.00 (0.00%)
AL- Abbas / Oct 17 Al-Abbas Sugar Mills Limited(AABS)	282.01 ▼ 0.00 (0.00%)
Agro Allianz / Oct 17 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 17 Allied Bank Limited(ABL)	78.15 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 17 Abbott Laboratories (Pakistan) Limited(ABOT)	780.00 ▼ 0.00 (0.00%)
Abson Ind. / Oct 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Oct 17 Attock Cement Pakistan Limited(ACPL)	137.00 ▼ 0.00 (0.00%)
Adam Sugar / Oct 17 Adam Sugar Mills Limited(ADAMS)	31.24 ▼ 0.00 (0.00%)

Stock	Price
786 Investments / Oct 17 786 Investments Limited(786)	7.12 ▼ 0.00 (0.00%)
AL- Abbas / Oct 17 Al-Abbas Sugar Mills Limited(AABS)	282.01 ▼ 0.00 (0.00%)
Agro Allianz / Oct 17 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 17 Allied Bank Limited(ABL)	78.15 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 17 Abbott Laboratories (Pakistan) Limited(ABOT)	780.00 ▼ 0.00 (0.00%)
Abson Ind. / Oct 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Oct 17 Attock Cement Pakistan Limited(ACPL)	137.00 ▼ 0.00 (0.00%)
Adam Sugar / Oct 17 Adam Sugar Mills Limited(ADAMS)	31.24 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 16	171.25
USD PKR Interbank Buying / Oct 16	171.15
USD to Japanese Yen / Oct 16	114.22
USD to Swiss Franc / Oct 16	0.92
Pound Sterling to USD / Oct 16	1.38
Euro to USD / Oct 16	1.16
UK LIBOR % / Oct 16	0.07

Stock	Volume
S&P 500 / Oct 16	4471.37
India Sensex / Oct 16	61305.95
Tokyo Nikkei / Oct 16	29068.63
Nasdaq / Oct 16	14897.34
Hang Seng / Oct 16	25330.96
FTSE 100 / Oct 16	7234.03
Dow Jones / Oct 16	35294.76
Germany DAX 30 / Oct 16	15587.36
France CAC40 / Oct 16	6727.52