Moody’s raises Singapore banks’ outlook to stable from negative

A customer uses a DBS automated teller machine (ATM), standing between the ATMs of United Overseas Bank and Oversea-Chinese Banking Corp. Moody’s Investors Service raised Singapore banks’ outlook to stable from negative on Wednesday, citing stabilizing commodity prices and improving growth conditions. The ratings agency said deterioration in the asset portion of balance sheets had Read more about Moody’s raises Singapore banks’ outlook to stable from negative[…]

China manufacturing grew more than expected in May, official survey shows

Workers assemble televisions on the production line of Tianle Group Co., Ltd on July 3, 2012 in Shengzhou of Zhejiang Province, China. Growth in China’s manufacturing sector expanded faster than expectedin May, an official survey showed on Wednesday, with one analyst suggesting it presented a sure and steady picture on fundamentals. The National Bureau of Read more about China manufacturing grew more than expected in May, official survey shows[…]

This money manager sees no end in sight for bull market

Hank Smith of Haverford Trust expects good times to continue for stock investors, but with lower returns. Even if President Trump cannot get Congress to support any of his major economic initiatives, Hank Smith of Haverford Trust believes a recession is not likely over the next year and a half because of the stimulative policies Read more about This money manager sees no end in sight for bull market[…]

Asia stocks tread water as China PMI in focus; sterling falters

Asian stocks were steady in a cautious start on Wednesday after a weak session on Wall Street, while the sterling stumbled as a new poll found British Prime Minister Theresa May’s Conservative Party risks falling short of an overall majority in next month’s national election. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was Read more about Asia stocks tread water as China PMI in focus; sterling falters[…]

Forex – Dollar flat, sterling higher in holiday-thinned trade

Investing.com – The dollar was little changed against a basket of the other major currencies on Monday, holding above last week’s six-and-a-half month lows as markets shrugged off news of North Korea’s latest missile test. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was almost unchanged Read more about Forex – Dollar flat, sterling higher in holiday-thinned trade[…]

Oil slips as more U.S. drilling outweighs OPEC-led cuts

Oil prices slipped on Monday as further increases in U.S. drilling activity undercut an OPEC-led push to tighten supply. Trading was subdued due to public holidays in China, the United States and Britain, but concerns lingered over whether OPEC action would be enough to stem the tide of oversupply. Brent crude futures were trading down Read more about Oil slips as more U.S. drilling outweighs OPEC-led cuts[…]

Italian bank worries leak into second week leftright 2/2leftright

Concerns over Italy’s banks and Britain’s national election campaign dominated holiday-thinned European financial markets on Monday, prodding stock markets lower after Asian share indices fell back off 2-year highs. Sterling, hammered by a slump for Prime Minister Theresa May’s Conservatives in opinion polls last week, recovered some ground after weekend numbers confirmed the trend but Read more about Italian bank worries leak into second week leftright 2/2leftright[…]

Trump Lashes Out at Media After Ducking Press Questions on Trip

Donald Trump lashed out at the “fake news” media in a series of Twitter messages on Sunday after wrapping up his first foreign trip as president — a nine-day excursion from Saudi Arabia to Sicily — without once holding a news conference. That made the U.S. president the only one of the Group of Seven Read more about Trump Lashes Out at Media After Ducking Press Questions on Trip[…]