Marketing news this week

Malaysia: * Palm oil firm Kulim receives first post-pandemic migrant workers * Pollution shuts Sg Semenyih treatment plant for four hours, water supply not affected * Covid-19: New infection wave may emerge sooner than expected, says KJ * Malaysia's Election Commission gears up for GE15 * Covid-19: Cases on the rise in Sabah, says Masidi * Cradle Fund murder trial: AGC files appeal over verdict * Sabah sea curfew extended to July 9 * Nine Indonesians jailed, fined for illegally possessing gaharu wood Singapore: * Elderly woman lived with dead son for a week in Singapore flat * Two toddlers rescued from fire in Singapore flat; 60 residents evacuated * Singapore begins importing renewable energy from Laos via Thailand, Malaysia * US recession will drag Asia's growth but region may avoid a sharp downturn: analysts * Man in SG charged for possessing S$28,500 in accounts allegedly used to launder scam monies * 18 months' probation for Singapore PR who posted … [Read more...] about Asean News Headlines as at 9pm on Thursday (June 23)

Shares of the digital transaction giants have plummeted in reaction to fallout from the coronavirus pandemic, which will sharply lower volumes in the first and second quarters. Two elite members of this group have held long-term uptrends and reached deep support levels , while the third has already entered bear market territory. The prognosis looks poor for the entire group, but a little good news could go a long way in alleviating the deteriorating outlooks. These companies depend on healthy consumer and business spending because they make their money by taking a little bite out of each transaction. In turn, that makes them highly vulnerable to periods of economic stress and contraction when everyone is hoarding capital to save for tough times. While the boom in card-less processing has eased some of this burden, it won't save these issues from a recession or depression. Visa Inc. ( V ) stock has been engaged in a powerful uptrend since bottoming out near $10 in March … [Read more...] about Digital Payment Stocks Could Enter Bear Markets

Dow component American Express Company ( AXP ) broke out to an all-time high in April, just a few days after beating first quarter earnings per share (EPS) estimates by $0.04 and reaffirming 2019 guidance . A series of analyst upgrades has followed in May and June, adding to relative strength, which has also benefited from speculation the financial giant will eventually merge with The Goldman Sachs Group, Inc. ( GS ). American Express stock has now lifted into the sixth slot in Dow component performance, just two clicks below rival Visa Inc. ( V ). Amex underperformed Visa and Mastercard Incorporated ( MA ) for years but has played an admirable game of catch-up since 2017 and is now matching the upside of its rivals, point for point. This bodes well for healthy returns in the new decade, which should also benefit from the company's broader product catalog and more affluent customer base. AXP Long-Term Chart (1990 – 2019) The stock completed a double bottom … [Read more...] about American Express Stock Lifts Into Market Leadership

General Motors Company ( GM ) stock has been battered and bruised by the recent market swoon, dropping more than 30% in just four weeks. Fortunately for market players, the decline has reached a zone of strong support , completing a bullish trade set-up that could yield upside of 30%-plus in coming weeks. Just keep in mind that this is not a long-term bottom call because the stock has been trending lower since October 2017 and could easily post new lows for the rest of 2020. Major declines rarely move in straight lines because short squeezes and dip buying generate sizeable counter-waves that yield impressive profits for well-timed long positions. Vertical downdrafts are especially vulnerable to high-percentage counter-waves because they set off oversold buying signals, attracting market timers and other technicians. These bounces can produce even stronger upside when they start at major support levels like GM's closing print on Monday. GM Long-Term Chart (2010 – 2020) … [Read more...] about General Motors Stock Could Bounce 30% in Coming Weeks

- A + A MANILA (June 24): Chicago wheat futures on Friday (June 24) hit their lowest in nearly four months and headed to a second consecutive weekly slump, dragged down by growing concerns over a global economic downturn, while an improved outlook for US crops also added pressure. Ongoing talks over a shipping corridor for Ukrainian grain exports trapped amid a four-month-old war also weighed on prices this week. Corn futures fell, but soybeans edged higher after a four-day slide. Fundamentals The most-active September wheat contract on the Chicago Board of Trade was down 0.8% at US$9.42 (about RM41.50) a bushel as of 0140 GMT after earlier touching its lowest since March 1 at US$9.38-3/4. Most-traded November soybeans rose 0.1% to US$14.16-3/4 a bushel, while most-active December corn lost 0.2% to US$6.54 a bushel. Traders kept an eye on talks over a safe corridor for Ukrainian grain, while Washington has sought to avert repercussions of sanctions on Russian … [Read more...] about US wheat set for second weekly fall as economic worries grow

Wall Street, New York City (File image: Reuters) Wall Street's main indices soared on Friday in a broad rally as signs of slowing economic growth and a recent pullback in commodity prices tempered expectations for the Federal Reserve's rate-hike plans. The S&P 500 rose over 3% for its biggest one-day percentage rise since May 2020. All 11 of the benchmark index's sectors ended at least 1.5% higher. Stocks rebounded this week as financial markets have been roiled over worries that rapid rate hikes by the Fed to rein in 40-year-high inflation could cause a recession. Still, investors have been gauging when the market might hit its bottom after the benchmark S&P 500 earlier this month recorded a 20% drop from its January closing peak, confirming the common definition of a bear market. "Some of the moves, the sellers just get exhausted so you don’t have as much capital moving out," said Shawn Cruz, head trading strategist at TD Ameritrade. "This might be a … [Read more...] about Wall Street mints big gains to end a strong week

Share to Twitter Share to Linkedin Stocks continued their descent last week, with the S&P 500 now well into bear market territory at -23% from the high. While most define bear markets as a decline of 20% from the high, some pullbacks just kiss that level or don’t result in widespread carnage across all sectors. What we saw last week certainly qualifies the current situation as a “real” bear market. First, the S&P 500 was down almost 11% during the previous two weeks. Secondly, all sectors participated in the sell-off. Whether it is “profit-taking” or “selling what you can rather than what you want to,” this indiscriminate liquidation is the hallmark of a bear market. For example, energy stocks, which had been almost impervious to the market weakness this year, declined 17% last week! That still leaves energy up 31% and the only sector in the green year-to-date. Utilities, which were only slightly lower before last week, underperformed the market over … [Read more...] about Welcome To The Real Bear Market

Gold, Gold prices, commodity prices Gold prices edged up on Tuesday in the international markets as the dollar eased, while investors kept a keen eye on posturing from major central banks on interest rate hikes for a clearer outlook for bullion. Spot gold was up 0.2% at $1,841.13 per ounce by 0200 GMT, after largely range-bound trading on Monday. US gold futures firmed 0.1% to $1,842.90. At 9.37am, gold contracts were trading 0.2 percent higher at Rs 50,836 for 10 grams on the Multi-Commodity Exchange ( MCX ), while silver added 0.46  percent to Rs 61,021 a kilogram. Gold and silver prices on Monday traded flat to negative and the price of the precious metal was struggling at a previous support zone as US markets were on holiday. In international markets gold settled at $1,840.60, down by 0.07% and silver was settled at $21.59, down by 0.20%. In domestic markets also gold settled at Rs 50,735 with a loss of 0.19% and silver settled at Rs 60744 with a loss of 0.32%, said … [Read more...] about Gold Prices Today: Yellow metal to stay range-bound amid volatile global markets; softer dollar to lend support

DISH lit up a new 5G cellular network in more than 120 cities on June 14, including Grand Junction and Pueblo, meeting an early target federal regulators had set for the construction of the nation’s fourth wireless network. Whether Project Genesis, as the network is called, succeeds or fails will determine the fate of one of Colorado’s largest public companies, and could weigh heavily on Denver’s future as a center of telecommunications innovation, a legacy that goes back decades to the early days of cable television. “Through DISH’s efforts, Denver is becoming a wireless hub,” said John Swieringa, president and chief operating officer of DISH Wireless. “Our partners are coming here, too, and investing in people and resources in this market. We expect Denver to become a leader in 5G.” DISH Wireless has hired more than 1,600 workers in the past 18 months and is looking to add 500 more, Swieringa said. DISH, the parent company, already employs 6,000 people along the Front … [Read more...] about Post Premium: Top stories for the week of June 20-26

Asian shares wobbled while commodity prices fell on Thursday as mounting worries about the risks of a global recession amid aggressive rate hikes by the Federal Reserve kept broad investor sentiment fragile. MSCI's broadest index of Asia-Pacific shares outside Japan reversed earlier gains to be mostly flat in Asia trade. Stocks in South Korea were off, while Japan's Nikkei was broadly unchanged. Hong Kong's Hang Seng Index climbed 0.6%, following the news that Chinese President Xi Jinping chaired a top-level meeting on Wednesday that approved a plan for the healthy development of China's large payment firms and fintech sector. Overnight, the dollar fell alongside U.S. Treasury yields after Fed Chair Jerome Powell, in testimony to the U.S. Senate Banking Committee, acknowledged a recession was "certainly a possibility", but the Fed is not trying to engineer one. A Reuters poll showed the Fed will deliver another 75-basis-point interest rate hike in July, followed by a … [Read more...] about Asia shares struggle, oil falls as recession fears linger