euro

The Euro is not the hedge you are looking for
SINGAPORE (Feb 9): Europe’s political risks are set to rise as far-right leader Marine Le Pen continues to gain ground ahead of April's French elections and the International Monetary Fund remains divided over the terms of the Greek bailout. But Sim Moh Siong, senior currency strategist at Bank of Singapore, does not think buying the Euro would be an effective hedge against these growing ...
Five things that happened in the markets today
SINGAPORE (Feb 8): 1. The Straits Times Index dipped slightly after hitting a new 52-week high of 3,071.64 on Tuesday. The top gainers on Wednesday were ComfortDelgro, Yangzijiang Shipbuilding, Thai Beverage and Singapore Airlines. Among the laggards were SATS, Keppel Corporation, ST Engineering and UOL. 2. The euro is falling. It's now 1.07 vs the USD, 1.51 vs the SGD and 4.74 vs the ...
Euro slips with Asian stocks while bonds rise as Italy votes no
WELLINGTON (Dec 5): The euro retreated with riskier assets, while bonds advanced, amid concern the failure of Italy’s referendum on constitutional reform will destabilize the country, emboldening anti-Europe and nationalist forces. The common currency touched its weakest point in 20 months as Prime Minister Matteo Renzi conceded defeat and said he’ll quit as results showed his bid to ...
IREIT Global suffers from sponsor uncertainty
SINGAPORE (Nov 25): DBS Group Research is cautious over IREIT Global maintaining a “hold” call with a target price of 75 cents, citing uncertainty with its new sponsor, Tikehau Capital. Lead analyst Mervin Song notes that IREIT offers an attractive yield of over 8%, however, coupled with uncertainty over its sponsor, might cap the REIT’s near-term performance. “Furthermore with ...
Politics is now dominant driver for currency markets, watch it closely
SINGAPORE (Nov 17): Currencies used to be influenced by a number of different factors, political, structural and cyclical.  However, HSBC FX Strategy now believes the dominant driver is politics. This comes after bond markets were bought out by central banks, companies were driven to issue higher dividends to appease yield-hungry investors in equity markets, and central banks had ...
Global stocks up, nervous markets wager on Clinton presidency
SINGAPORE (Nov 8): Asian stocks rose on Tuesday as world markets braced for the outcome of one of the most contentious US presidential elections in history, with most investors cautiously optimistic of a win by Democrat Hillary Clinton. European markets are set to begin the session little changed, with financial spreadbetter CMC Markets expecting Britain's FTSE 100 and France's CAC 40 to open ...
SIA to face earnings headwinds from European unrest
SINGAPORE (July 19): UOB Kay Hian is maintaining its “hold” recommendation on Singapore Airlines (SIA) with a marginally reduced target price of $11.50 from $11.60 previously, on the political and social unrest that has been plaguing Europe in recent times.   This comes after the 14 July Bastille Day attack in Nice as well as a failed military coup attempt in Turkey on 16 July. In ...
Hutchison Port not so smooth sailing
SINGAPORE (July 14): OCBC has maintained its “hold” call for Hutchison Port Holdings Trust (HPHT), with a fair value of 43 US cents. This comes on the back of a decline in its Hong Kong Port Container Throughput volume and a lack of clarity regarding the implications of Brexit, according to a report dated Thursday. In a sign of slowing activity, HPHT’s Hong Kong Port Container Throughput ...
Ascott Residence Trust kept at ‘hold’ by CIMB with $1.16 target price
SINGAPORE (June 29): CIMB has maintained its “hold” call for Ascott Residence Trust (ART), with a target price of $1.16, according to a report dated Tuesday. ART provides unique exposure to the corporate long-stay segment through its serviced residences (SRs), currently comprising 90 properties with 11,667 units in 38 cities spread across 14 countries. Describing SRs as a resilient ...
Dollar slips against euro ahead of US inflation data
NEW YORK (May 17): The dollar edged down against the euro Monday in profit taking after recent gains, as traders awaited a key US inflation report on consumer prices. "More than anything, I think it's a little bit of profit taking," said Omer Esiner of Commonwealth Foreign Exchange, citing a quiet day in economic news. Last week, the dollar climbed to a two-week high "in the wake of some ...