BYD = Bring Your Death ?
Tradehaven
@tradehaven
Trivia & Markets & Singapore, Engage the mind, Curated news channel and educating as we learn …. appreciating the absurdities of life and dedicated to making Singapore markets and the world a better place for us … still unfinished business
Tradehaven (English)
Welcome to Tradehaven, a Telegram channel dedicated to providing a unique blend of trivia, market insights, and news related to Singapore. Our channel, @tradehaven, aims to engage your mind, spark curiosity, and foster a community of continual learning. At Tradehaven, we believe in the power of knowledge and the importance of staying informed. That's why we curate the latest news and trends in the world of finance, markets, and beyond. Whether you're a seasoned investor or just starting out, our channel offers valuable insights and analysis to help you navigate the complexities of the financial world. But Tradehaven is more than just a news channel. We are committed to appreciating the absurdities of life and making a positive impact on the Singapore markets and the world as a whole. Our mission is to create a better future for all of us by sharing knowledge, fostering discussions, and encouraging growth. Join us on Tradehaven to stay informed, engage your mind, and be a part of a community dedicated to learning and making a difference. Together, we can tackle the unfinished business of understanding the markets, exploring the world, and shaping a brighter future for ourselves and others.
Tradehaven
21 Nov, 10:08
(Bloomberg) -- Baidu Inc.recorded its biggest revenue drop in more than two years after China’s economic malaise undermined its push into generative AI.
Revenue for the three months ended September slipped 3% to 33.6 billion yuan ($4.6 billion), in line with analysts’ projections. Net income came to 7.6 billion yuan. Its shares fell more than 2% in pre-market US trading.
Revenue for the three months ended September slipped 3% to 33.6 billion yuan ($4.6 billion), in line with analysts’ projections. Net income came to 7.6 billion yuan. Its shares fell more than 2% in pre-market US trading.
Tradehaven
21 Nov, 10:04
A Western official has told ABC News that Russia did NOT use an ICBM against Ukraine last night, contradicting Ukraine’s Air Force.
The official said it was a ballistic missile but declined to characterize it further saying the impact was still being assessed.
How much does a ICBM cost?? 🤔🤔🤔
The official said it was a ballistic missile but declined to characterize it further saying the impact was still being assessed.
How much does a ICBM cost?? 🤔🤔🤔
Tradehaven
21 Nov, 09:22
RUSSIA SAYS IT SHUT DOWN 2 STORM SHADOW MISSILES: IFX
How much does a missile cost? 🤔🤔🤔
How much does a missile cost? 🤔🤔🤔
Tradehaven
21 Nov, 07:50
* BARCLAYS PLC (BACR) SGD PERP/MAR-30 REG S AT1 - BOOKS OVER S$1.6BN (INC. S$43m JLM INT.) *
Tradehaven
21 Nov, 07:34
No wonder Trump won
The Biden administration told Congress it plans to cancel $4.65 billion in debt owed by Ukraine, according to a letter obtained by Bloomberg News. The move is part of a broader effort by President Joe Biden to rush more support to Kyiv before Donald Trump returns to the White House in January.
The Biden administration told Congress it plans to cancel $4.65 billion in debt owed by Ukraine, according to a letter obtained by Bloomberg News. The move is part of a broader effort by President Joe Biden to rush more support to Kyiv before Donald Trump returns to the White House in January.
Tradehaven
19 Nov, 13:38
(Bloomberg) -- Stocks fell and global bonds climbed on worries over the latest escalation in Russia’s war against Ukraine.
S&P 500 futures dipped 0.4%, paring earlier losses as Walmart Inc. rallied about 4% in premarket trading after boosting its outlook. The yield on 10-year Treasuries fell six basis points to 4.36%. The moves were steeper in Europe, with German bond yields dropping to the lowest since October and the stocks benchmark losing 1%. Poland’s main stock index sank more than 3%.
Markets were rattled by reportsthat Ukrainian forces reportedly carried out their first strike on a border region in Russia using Western-supplied missiles. Earlier, President Vladimir Putin had approved an updated nuclear doctrine that expanded the conditions for Russia to use atomic weapons, including in response to a massive conventional attack on its soil. Putin had pledged in September to revise the doctrine.
In commodities, natural-gas futures advanced as much as 1.1%, trading near their highest levels in a year. Gold was up 0.7% at $2,630 an ounce. Oil traders, meanwhile, appeared unfazed, with prices falling after Europe’s largest oil field gradually restarted following a power outage.
The sudden repricing underscored how vulnerable markets remain to any flare-up in the conflict. It cut short a long losing streak for Treasuries, which had broadly sold off since mid-September on expectations Donald Trump’s policies will boost growth and rekindle inflation.
S&P 500 futures dipped 0.4%, paring earlier losses as Walmart Inc. rallied about 4% in premarket trading after boosting its outlook. The yield on 10-year Treasuries fell six basis points to 4.36%. The moves were steeper in Europe, with German bond yields dropping to the lowest since October and the stocks benchmark losing 1%. Poland’s main stock index sank more than 3%.
Markets were rattled by reportsthat Ukrainian forces reportedly carried out their first strike on a border region in Russia using Western-supplied missiles. Earlier, President Vladimir Putin had approved an updated nuclear doctrine that expanded the conditions for Russia to use atomic weapons, including in response to a massive conventional attack on its soil. Putin had pledged in September to revise the doctrine.
In commodities, natural-gas futures advanced as much as 1.1%, trading near their highest levels in a year. Gold was up 0.7% at $2,630 an ounce. Oil traders, meanwhile, appeared unfazed, with prices falling after Europe’s largest oil field gradually restarted following a power outage.
The sudden repricing underscored how vulnerable markets remain to any flare-up in the conflict. It cut short a long losing streak for Treasuries, which had broadly sold off since mid-September on expectations Donald Trump’s policies will boost growth and rekindle inflation.
Tradehaven
19 Nov, 10:50
(MT Newswires)
Singapore's stock market surged on Tuesday, hitting a 17-year high with analysts citing Monetary Authority of Singapore's efforts to boost stock markets. The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,738.42 and 3,766.93 throughout the day. It ended the session at 3,757.97, up 25.42 points or 0.68% compared to Friday's close.
Singapore's stock market surged on Tuesday, hitting a 17-year high with analysts citing Monetary Authority of Singapore's efforts to boost stock markets. The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,738.42 and 3,766.93 throughout the day. It ended the session at 3,757.97, up 25.42 points or 0.68% compared to Friday's close.
Tradehaven
19 Nov, 10:47
German Defense Minister Boris Pistorius says damage to two undersea data cables in the Baltic Sea has to be investigated as an act of sabotage
https://www.bloomberg.com/news/articles/2024-11-19/german-defense-chief-sees-cable-breaches-in-baltic-as-sabotage
https://www.bloomberg.com/news/articles/2024-11-19/german-defense-chief-sees-cable-breaches-in-baltic-as-sabotage
Tradehaven
19 Nov, 08:43
*PUTIN APPROVES EXPANDED USE OF NUCLEAR WEAPONS IN DOCTRINE
*TASS CITES PESKOV ON POSIBILITY OF NUCLEAR RESPONSE BY RUSSIA
*TASS CITES PESKOV ON POSIBILITY OF NUCLEAR RESPONSE BY RUSSIA
Tradehaven
19 Nov, 07:10
EXCLUSIVE: Leaked Amazon documents identify critical flaws in the delayed AI reboot of Alexa.
https://fortune.com/2024/11/18/new-ai-alexa-latency-problems-echo-compatibility-uber-opentable/
https://fortune.com/2024/11/18/new-ai-alexa-latency-problems-echo-compatibility-uber-opentable/
Tradehaven
19 Nov, 06:41
Loan-flation !!!!
Marina Bay Sands eyes Singapore’s largest loan of $12 billion
https://www.straitstimes.com/business/companies-markets/marina-bay-sands-eyes-singapores-largest-loan-of-12-billion
Marina Bay Sands eyes Singapore’s largest loan of $12 billion
https://www.straitstimes.com/business/companies-markets/marina-bay-sands-eyes-singapores-largest-loan-of-12-billion
Tradehaven
19 Nov, 05:08
MAS Auction results
4W MAS Bill Cut off 3.28%
12W MAS Bill Cut off yield 3.26%
4W MAS Bill Cut off 3.28%
12W MAS Bill Cut off yield 3.26%
Tradehaven
19 Nov, 04:19
Resorts World Sentosa's casino licence has been renewed for only 2 instead of 3 years due to the integrated resort's "unsatisfactory" tourism performance. https://cna.asia/3ABSxTn
Tradehaven
19 Nov, 04:08
Heard from a friend …
It is a new world order when Ops sends email to junior for deals to be rebooked and she forwards it to the trader and ask them to do it themselves
It is a new world order when Ops sends email to junior for deals to be rebooked and she forwards it to the trader and ask them to do it themselves
Tradehaven
19 Nov, 03:13
This is sooo coool ...
REPUBLIC OF KOREA INAUGURAL KANGAROO TRANSACTION ***
We are pleased to invite you to join The Republic of Korea (the “Republic”), rated Aa2(Stable) by Moody’s, AA (Stable) by S&P and AA- (Stable) by Fitch, for a global investor call. An inaugural Kangaroo benchmark 3- or 5-year notes (the “Notes”) may follow, subject to market conditions.
REPUBLIC OF KOREA INAUGURAL KANGAROO TRANSACTION ***
We are pleased to invite you to join The Republic of Korea (the “Republic”), rated Aa2(Stable) by Moody’s, AA (Stable) by S&P and AA- (Stable) by Fitch, for a global investor call. An inaugural Kangaroo benchmark 3- or 5-year notes (the “Notes”) may follow, subject to market conditions.
Tradehaven
19 Nov, 02:49
👀👀👀Earth endured over one million years of rain in the "Carnian Pluvial Event"
⛈️⛈️⛈️⛈️⛈️⛈️⛈️⛈️
https://www.earth.com/news/earth-endured-a-million-years-of-rain-in-the-carnian-pluvial-event/
⛈️⛈️⛈️⛈️⛈️⛈️⛈️⛈️
https://www.earth.com/news/earth-endured-a-million-years-of-rain-in-the-carnian-pluvial-event/
Tradehaven
16 Nov, 11:50
Dozens of volunteers have entered an abandoned gold mine in South Africa to help what could be thousands of illegal miners who have been underground for a month who refuse to come out as they risk arrest.
https://t.co/RxlPoljCh4
https://t.co/RxlPoljCh4
Tradehaven
16 Nov, 11:45
The number of pet acquisitions now surpasses the rate of childbirths … 🤣🤣🤣
https://asia.nikkei.com/Editor-s-Picks/Tea-Leaves/Japan-s-triumph-of-the-cats
https://asia.nikkei.com/Editor-s-Picks/Tea-Leaves/Japan-s-triumph-of-the-cats
Tradehaven
16 Nov, 11:13
China and EU reach ‘technical consensus’ in recent EV talks: media report
https://www.globaltimes.cn/page/202411/1323197.shtml
https://www.globaltimes.cn/page/202411/1323197.shtml
Tradehaven
16 Nov, 09:16
Archegos Capital Management founder Bill Hwang should serve 21 years behind bars for fraud and market manipulation that led to his firm’s massive 2021 collapse, prosecutors recommended ahead of his sentencing next week
https://www.bloomberg.com/news/articles/2024-11-16/bill-hwang-should-get-21-years-for-archegos-crimes-us-says
https://www.bloomberg.com/news/articles/2024-11-16/bill-hwang-should-get-21-years-for-archegos-crimes-us-says
Tradehaven
16 Nov, 07:47
Elon Musk’s AI turns on him, labels him ‘one of the most significant spreaders of misinformation on X’
https://fortune.com/2024/11/14/grok-musk-misinformation-spreader/
https://fortune.com/2024/11/14/grok-musk-misinformation-spreader/
Tradehaven
16 Nov, 07:46
Philippines evacuates tens of thousands as super typhoon Man-Yi nears reut.rs/4hS9g5p
Tradehaven
16 Nov, 06:35
😱😱😱we will not decompose when we die now !!
Black plastic products—such as spatulas, sushi trays, and children’s toys—are regularly made from recycled electronic waste. Many of these products contain concerning levels of flame retardants—and they are leaching into our food
https://www.theatlantic.com/health/archive/2024/10/black-plastic-spatula-flame-retardants/680452/
Black plastic products—such as spatulas, sushi trays, and children’s toys—are regularly made from recycled electronic waste. Many of these products contain concerning levels of flame retardants—and they are leaching into our food
https://www.theatlantic.com/health/archive/2024/10/black-plastic-spatula-flame-retardants/680452/
Tradehaven
16 Nov, 05:48
This is elderly abuse !!!
https://www.espn.com/boxing/story/_/id/42418519/jake-paul-cruises-one-sided-decision-mike-tyson
https://www.espn.com/boxing/story/_/id/42418519/jake-paul-cruises-one-sided-decision-mike-tyson
Tradehaven
16 Nov, 05:24
BREAKING: FIGHTS ARE BREAKING OUT AT AT&T STADIUM DURING PAUL VS. TYSON MATCH
Reports from AT&T Stadium reveal multiple fights breaking out in the stands during the highly anticipated Jake Paul vs. Mike Tyson bout.
Security teams are scrambling to restore order amidst the chaos.
Reports from AT&T Stadium reveal multiple fights breaking out in the stands during the highly anticipated Jake Paul vs. Mike Tyson bout.
Security teams are scrambling to restore order amidst the chaos.
Tradehaven
16 Nov, 03:32
https://www.independent.co.uk/sport/boxing/paul-tyson-live-fight-time-tonight-latest-news-b2647679.html
Tradehaven
16 Nov, 03:31
Netflix slammed over Mike Tyson-Jake Paul fight 'streaming quality issues' http://trib.al/M5iLeXM
Who won?
Who won?
Tradehaven
16 Nov, 02:52
Traffic came to halt on Balestier road when an angmoh woman crossed the road at Red pedestrian sign … in shock and awe …
Balestier road 🤔🤔🤔must be East European ..
Balestier road 🤔🤔🤔must be East European ..
Tradehaven
15 Nov, 23:34
The job market is experiencing a surge in "ghost jobs" - job listings for positions that companies have no immediate intention of filling, with an estimated 70% of current job postings potentially falling into this category.
https://t.co/4KjjPTQflp
https://t.co/4KjjPTQflp
Tradehaven
15 Nov, 23:32
A Bitcoin whale moved 2,000 BTC, worth $178 million, to Coinbase after holding their stash since 2010 when the asset was worth just $0.06 per BTC.
https://www.coindesk.com/markets/2024/11/15/this-og-bitcoin-investor-just-turned-120-into-178m/?
https://www.coindesk.com/markets/2024/11/15/this-og-bitcoin-investor-just-turned-120-into-178m/?
Tradehaven
15 Nov, 23:29
Supreme Court Justice Neil Gorsuch referenced the case of Peanut the Squirrel as a classic example of government overreach.
Speaking at a Federalist Society event yesterday, Gorsuch stated: “I’ve just seen too many cases like that. You have just the other day, some of you might have seen one in the newspaper, if the newspapers are to be believed,”
“Yes, I’m speaking of Peanut the squirrel.”
Speaking at a Federalist Society event yesterday, Gorsuch stated: “I’ve just seen too many cases like that. You have just the other day, some of you might have seen one in the newspaper, if the newspapers are to be believed,”
“Yes, I’m speaking of Peanut the squirrel.”
Tradehaven
13 Nov, 15:02
https://www.straitstimes.com/singapore/politics/law-passed-to-increase-parental-leave-including-raising-mandatory-paternity-leave-to-4-weeks
Tradehaven
13 Nov, 14:43
Trump Puts Allies on Alert by Handing Pentagon to Fox News Host
11/13/2024 21:14:41 [BN]
(Bloomberg) -- Donald Trump’s selection of Pete Hegseth as defense secretary puts the world’s most powerful military in the hands of the least experienced leader it’s had in decades.
Political and military officials around the world resorted to Internet searches for details of the nominee’s record. One senior European diplomat said his lack of experience isn’t encouraging. A US defense official called it an unusual move to go for someone who had never held a senior position.
11/13/2024 21:14:41 [BN]
(Bloomberg) -- Donald Trump’s selection of Pete Hegseth as defense secretary puts the world’s most powerful military in the hands of the least experienced leader it’s had in decades.
Political and military officials around the world resorted to Internet searches for details of the nominee’s record. One senior European diplomat said his lack of experience isn’t encouraging. A US defense official called it an unusual move to go for someone who had never held a senior position.
Tradehaven
13 Nov, 13:44
TRADERS NOW SEE CHANCE OF FED DEC RATE CUT AT ABOUT 75%, VS 60% BEFORE INFLATION DATA
Tradehaven
13 Nov, 13:32
BREAKING: US CPI YOY ACTUAL 2.6% (FORECAST 2.6%, PREVIOUS 2.4%)
US CORE CPI MOM ACTUAL 0.3% (FORECAST 0.3%, PREVIOUS 0.3%)
US CORE CPI MOM ACTUAL 0.3% (FORECAST 0.3%, PREVIOUS 0.3%)
Tradehaven
13 Nov, 11:34
Whole world is gambling 👀👀👀
Including traders …
“The vulnerability that comes with poverty is something that sets us apart.” Gambling addiction is a familiar, and growing, problem around the world -- but in Brazil policymakers detect a greater vulnerability to betting's intoxicating allure
https://www.bloomberg.com/news/features/2024-11-13/brazil-welfare-checks-help-fuel-gambling-spree-government-intervention
Including traders …
“The vulnerability that comes with poverty is something that sets us apart.” Gambling addiction is a familiar, and growing, problem around the world -- but in Brazil policymakers detect a greater vulnerability to betting's intoxicating allure
https://www.bloomberg.com/news/features/2024-11-13/brazil-welfare-checks-help-fuel-gambling-spree-government-intervention
Tradehaven
13 Nov, 11:04
Financial influencers must be licensed and regulated if they provide advice: Alvin Tan
https://www.straitstimes.com/singapore/politics/financial-influencers-must-be-licensed-and-regulated-if-they-provide-advice-alvin-tan
https://www.straitstimes.com/singapore/politics/financial-influencers-must-be-licensed-and-regulated-if-they-provide-advice-alvin-tan
Tradehaven
13 Nov, 10:40
OCBC Has Enough Capital For M&A, Business Growth, CEO Says https://www.bloomberg.com/news/articles/2024-11-13/ocbc-ceo-says-bank-has-enough-capital-for-m-a-business-growth
Tradehaven
13 Nov, 10:29
Trump's proposal to simplify the tax code for US citizens working abroad would be good for both those Americans and America itself
https://www.bloomberg.com/opinion/articles/2024-11-13/trump-s-tax-cut-for-expats-makes-sense
https://www.bloomberg.com/opinion/articles/2024-11-13/trump-s-tax-cut-for-expats-makes-sense
Tradehaven
13 Nov, 10:11
BUNDESBANK'S NAGEL TELLS ZEIT: TRUMP'S TARIFF PLANS COULD COST GERMANY 1% IN ECONOMIC OUTPUT
Tradehaven
13 Nov, 10:10
https://www.bloomberg.com/news/articles/2024-11-13/citadel-warns-recruiters-don-t-pitch-fake-jobs
Tradehaven
13 Nov, 09:40
Allianz beats forecasts with 22% rise in profit and rosier outlook reut.rs/3CqfQ2U
Tradehaven
13 Nov, 08:58
https://www.telegraph.co.uk/news/2024/11/12/archbishop-finally-ended-nightmare-resigning-to-king/
Tradehaven
09 Nov, 06:32
Trump doesn’t sound too bad …. Good stuff …
https://x.com/twolfrecovery/status/1855094539960434877?s=
https://x.com/twolfrecovery/status/1855094539960434877?s=
Tradehaven
09 Nov, 06:17
Killed by TaoBao 🥲🥲🥲
Furniture business Lim's Holland Village closing early 2025: 'No sob story, just a powerful decision' https://cnalifestyle.channelnewsasia.com/living/lims-holland-village-furniture-shop-closing-413436
Furniture business Lim's Holland Village closing early 2025: 'No sob story, just a powerful decision' https://cnalifestyle.channelnewsasia.com/living/lims-holland-village-furniture-shop-closing-413436
Tradehaven
09 Nov, 05:42
This is the first time in history that the desert has been covered in snow, as temperatures there rarely drop to such levels.
https://www.ndtv.com/travel/saudi-arabias-al-jawf-experiences-its-first-snowfall-6972792
https://www.ndtv.com/travel/saudi-arabias-al-jawf-experiences-its-first-snowfall-6972792
Tradehaven
09 Nov, 05:39
What The Election Results May Mean For Student Loan Forgiveness, Repayment, And Relief Programs http://trib.al/OWxjIYF
Tradehaven
09 Nov, 05:37
One executive at a Chinese firm making components for the chip industry said his company set up a holding company in Singapore that was looking at a JV with a Malaysian company to manufacture components in Malaysia. The goal is to supply U.S. companies.
https://www.reuters.com/technology/us-lawmakers-press-top-chip-equipment-makers-details-china-sales-2024-11-08/
https://www.reuters.com/technology/us-lawmakers-press-top-chip-equipment-makers-details-china-sales-2024-11-08/
Tradehaven
09 Nov, 05:03
The founder of a cryptocurrency mixing service known as Bitcoin Fog was ordered to serve 12 1/2 years in prison for laundering tens of millions of dollars from darknet markets that sold illegal drugs
https://www.bloomberg.com/news/articles/2024-11-08/crypto-mixer-gets-150-months-for-bitcoin-fog-money-laundering
https://www.bloomberg.com/news/articles/2024-11-08/crypto-mixer-gets-150-months-for-bitcoin-fog-money-laundering
Tradehaven
09 Nov, 03:37
https://www.channelnewsasia.com/singapore/sji-international-student-dies-during-overseas-school-trip-4736336
Tradehaven
08 Nov, 23:49
The S&P 500 rose 0.4%. The Nasdaq 100 was little changed. The Dow Jones Industrial Average rose 0.6%.
Treasuries saw for their best weekly advance since early September after a volatile five days of trading, while the dollar posted a sixth straight week of gains.
Some of the main moves in markets:
Stocks
• The S&P 500 rose 0.4% as of 4 p.m. New York time
• The Nasdaq 100 was little changed
• The Dow Jones Industrial Average rose 0.6%
• The MSCI World Index was little changed
Currencies
• The Bloomberg Dollar Spot Index rose 0.6%
• The euro fell 0.8% to $1.0719
• The British pound fell 0.5% to $1.2921
• The Japanese yen rose 0.3% to 152.50 per dollar
Cryptocurrencies
• Bitcoin rose 1% to $76,736.21
• Ether rose 1.6% to $2,940.61
Bonds
• The yield on 10-year Treasuries declined three basis points to 4.30%
• Germany’s 10-year yield declined eight basis points to 2.37%
• Britain’s 10-year yield declined six basis points to 4.44%
Commodities
• West Texas Intermediate crude fell 2.7% to $70.41 a barrel
• Spot gold fell 0.8% to $2,685.34 an ounce
Treasuries saw for their best weekly advance since early September after a volatile five days of trading, while the dollar posted a sixth straight week of gains.
Some of the main moves in markets:
Stocks
• The S&P 500 rose 0.4% as of 4 p.m. New York time
• The Nasdaq 100 was little changed
• The Dow Jones Industrial Average rose 0.6%
• The MSCI World Index was little changed
Currencies
• The Bloomberg Dollar Spot Index rose 0.6%
• The euro fell 0.8% to $1.0719
• The British pound fell 0.5% to $1.2921
• The Japanese yen rose 0.3% to 152.50 per dollar
Cryptocurrencies
• Bitcoin rose 1% to $76,736.21
• Ether rose 1.6% to $2,940.61
Bonds
• The yield on 10-year Treasuries declined three basis points to 4.30%
• Germany’s 10-year yield declined eight basis points to 2.37%
• Britain’s 10-year yield declined six basis points to 4.44%
Commodities
• West Texas Intermediate crude fell 2.7% to $70.41 a barrel
• Spot gold fell 0.8% to $2,685.34 an ounce
Tradehaven
08 Nov, 23:48
S&P 500 Notches Its 50th All-Time High in 2024: Markets Wrap
▪ US consumer sentiment advances to highest level since April
▪ Equities see biggest inflow since June on the day of Trump win
(Bloomberg) -- Stocks rose at the end of their best week in 2024 amid solid consumer sentiment data and bets that newly elected President Donald Trump’s pro-growth agenda will keep fueling Corporate America.
Equities advanced for a fourth consecutive session, with the S&P 500 hitting its 50th record this year. The gauge extended its weekly gain to 4.7%. A breakneck rally in Tesla Inc. catapulted Elon Musk’s electric-vehicle maker’s value back over the coveted trillion-dollar mark. The cohort of defensive shares took the lead on Friday after some groups hit “oversold” levels.
▪ US consumer sentiment advances to highest level since April
▪ Equities see biggest inflow since June on the day of Trump win
(Bloomberg) -- Stocks rose at the end of their best week in 2024 amid solid consumer sentiment data and bets that newly elected President Donald Trump’s pro-growth agenda will keep fueling Corporate America.
Equities advanced for a fourth consecutive session, with the S&P 500 hitting its 50th record this year. The gauge extended its weekly gain to 4.7%. A breakneck rally in Tesla Inc. catapulted Elon Musk’s electric-vehicle maker’s value back over the coveted trillion-dollar mark. The cohort of defensive shares took the lead on Friday after some groups hit “oversold” levels.
Tradehaven
08 Nov, 12:23
Save the best for last ?
China's latest stimulus falls short of expectations reut.rs/3UJY40V
China's latest stimulus falls short of expectations reut.rs/3UJY40V
Tradehaven
08 Nov, 12:19
We NEED SELF DRIVING CARS and Singapore is the best test case cos it’s so small !!!
Or we can be the first to implement Mental Health screenings for all drivers who drive more than 1 hour daily !!
Cars and lorries are weapons too !!! 🤣🤣🤣
Or we can be the first to implement Mental Health screenings for all drivers who drive more than 1 hour daily !!
Cars and lorries are weapons too !!! 🤣🤣🤣
Tradehaven
08 Nov, 12:15
https://www.straitstimes.com/singapore/lorry-driver-arrested-after-vehicle-damages-cte-tunnel-ceiling
Chap will probably be deported …🤦🏻♂️🤦🏻♂️🤦🏻♂️
Chap will probably be deported …🤦🏻♂️🤦🏻♂️🤦🏻♂️
Tradehaven
24 Oct, 12:03
ComfortDelGro to acquire UK private hire, black cab provider for £269.1 million
https://www.businesstimes.com.sg/companies-markets/comfortdelgro-acquire-uk-private-hire-black-cab-provider-ps269-1-million
https://www.businesstimes.com.sg/companies-markets/comfortdelgro-acquire-uk-private-hire-black-cab-provider-ps269-1-million
Tradehaven
24 Oct, 11:50
Options Signal US Vote is One of Biggest Risks in Euro’s History
6:37:50 PM
Options traders see the US election as one of the biggest risk events since the euro’s introduction.
With polls pointing to a very tight presidential race, a key options-market measure — based on how much wider currency swings are expected to be in the future compared with now — hasn’t been this high since the turbulent 2017 French elections, which some feared would scupper the common currency.
Alongside that shift, two-week implied volatility had its eighth-largest daily advance on Wednesday (the day it captured US polling day) since the European sovereign debt crisis. The move was also among the widest 25 on record.
Risk reversals, meanwhile, show traders are most bearish the euro since early July, suggesting the common currency’s fall to a three-month low of $1.0761 this week could be a sign of what’s to come.
Vassilis Karamanis FX Strategist, Athens
6:37:50 PM
Options traders see the US election as one of the biggest risk events since the euro’s introduction.
With polls pointing to a very tight presidential race, a key options-market measure — based on how much wider currency swings are expected to be in the future compared with now — hasn’t been this high since the turbulent 2017 French elections, which some feared would scupper the common currency.
Alongside that shift, two-week implied volatility had its eighth-largest daily advance on Wednesday (the day it captured US polling day) since the European sovereign debt crisis. The move was also among the widest 25 on record.
Risk reversals, meanwhile, show traders are most bearish the euro since early July, suggesting the common currency’s fall to a three-month low of $1.0761 this week could be a sign of what’s to come.
Vassilis Karamanis FX Strategist, Athens
Tradehaven
24 Oct, 11:48
Bonds Face Double Risk From Volatility and Constrained Dealers
6:59:11 PM
The combination of rising yield volatility and congested primary-dealer balance sheets present a double risk for Treasuries.
Volatility is the enemy of liquidity. More erratic pricing leads market-makers to make wider prices, while order-book depth falls, both of which add to volatility risks. US bond vol, as measured by the MOVE index, has jumped higher as the US election enters into the index’s horizon window.
That will impair liquidity in the bond market. The chart below shows that higher bond volatility coincides with worse liquidity (as measured by the Bloomberg Treasury Liquidity Index). Further, it also shows that heightened bond vol can lead to significantly worse liquidity, as was seen in 2008 and 2009. We are on the edge of these set of points today.
The added risk comes from congested primary-dealer balance sheets. The extended duration of inverted yield curves along with huge government issuance has led to dealers holding a record inventory of bonds on their balance sheets, and a near-record amount when adjusted for total debt outstanding.
Bond-market liquidity suffers the most when volatility is heightened and the balance sheets of dealers have low capacity (explained here). It was this situation in March 2020 that compelled the Federal Reserve to introduce a raft of emergency measures to stabilize the Treasury market.
There is no reason to suspect liquidity will be impaired to the same extent today. Nonetheless, it is prudent to be mindful that risks are rising, especially as the US election nears.
The market is pricing in not only stronger growth that may come with a Republican clean sweep, but the inflation risks that go with it. As discussed previously, price-growth risks never really went away, and even without the election, stimulus in China has the potential to reignite inflation.
Add in a market that is likely still quite long Treasuries, there is fuel for yields to keep rising. That’s becoming a consensus view now, though, so it’s quite conceivable the market rallies. But either way, the Treasury market will continue to face slipping liquidity while event risk is heightened and dealers’ balance sheets are clogged up.
Simon White Macro Strategist, London
6:59:11 PM
The combination of rising yield volatility and congested primary-dealer balance sheets present a double risk for Treasuries.
Volatility is the enemy of liquidity. More erratic pricing leads market-makers to make wider prices, while order-book depth falls, both of which add to volatility risks. US bond vol, as measured by the MOVE index, has jumped higher as the US election enters into the index’s horizon window.
That will impair liquidity in the bond market. The chart below shows that higher bond volatility coincides with worse liquidity (as measured by the Bloomberg Treasury Liquidity Index). Further, it also shows that heightened bond vol can lead to significantly worse liquidity, as was seen in 2008 and 2009. We are on the edge of these set of points today.
The added risk comes from congested primary-dealer balance sheets. The extended duration of inverted yield curves along with huge government issuance has led to dealers holding a record inventory of bonds on their balance sheets, and a near-record amount when adjusted for total debt outstanding.
Bond-market liquidity suffers the most when volatility is heightened and the balance sheets of dealers have low capacity (explained here). It was this situation in March 2020 that compelled the Federal Reserve to introduce a raft of emergency measures to stabilize the Treasury market.
There is no reason to suspect liquidity will be impaired to the same extent today. Nonetheless, it is prudent to be mindful that risks are rising, especially as the US election nears.
The market is pricing in not only stronger growth that may come with a Republican clean sweep, but the inflation risks that go with it. As discussed previously, price-growth risks never really went away, and even without the election, stimulus in China has the potential to reignite inflation.
Add in a market that is likely still quite long Treasuries, there is fuel for yields to keep rising. That’s becoming a consensus view now, though, so it’s quite conceivable the market rallies. But either way, the Treasury market will continue to face slipping liquidity while event risk is heightened and dealers’ balance sheets are clogged up.
Simon White Macro Strategist, London
Tradehaven
24 Oct, 11:43
Financial institutions, telcos to be accountable to scam victims; new framework kicks in on Dec 16
https://www.straitstimes.com/singapore/new-framework-holds-financial-institutions-telcos-accountable-to-scam-victims-kicks-in-on-dec-16
https://www.straitstimes.com/singapore/new-framework-holds-financial-institutions-telcos-accountable-to-scam-victims-kicks-in-on-dec-16
Tradehaven
24 Oct, 08:50
Hermes Sales Outshine Gucci on Resilient Demand for Handbags (1)
▪ French company held up better than rivals LVMH, Kering
▪ Hermes isn’t seeing change in trends early this quarter: CFO
(Bloomberg) -- Hermes sales rose as the Birkin bag maker met resilient demand for its pricey handbags, bucking the broader luxury market slump that’s dragged down peers like Gucci-owner Kering SA.
Sales increased 11.3% at constant exchange rates in the third quarter, Hermes International SCA said in a statement Thursday, just ahead of analysts’ estimates. Kering, meantime, warned that annual profit is likely to fall to the lowest level since 2016 as flagging Chinese demand hampers a Gucci turnaround.
Hermes has held up better than rivals amid the luxury slowdown because it caters to the wealthiest clients, whose spending tends to be more reliable than less well-heeled customers. The French company enjoys strong pricing power and waiting lists for its most coveted handbags. Even LVMH, the world’s largest luxury group, saw sales decline in the quarter.
Hermes’ sales growth “confirms an industry-beating resilience, supported by the more premium parts of the group’s offering,” such as leather goods and ready-to-wear, Jefferies analyst James Grzinic said in a note.
▪ French company held up better than rivals LVMH, Kering
▪ Hermes isn’t seeing change in trends early this quarter: CFO
(Bloomberg) -- Hermes sales rose as the Birkin bag maker met resilient demand for its pricey handbags, bucking the broader luxury market slump that’s dragged down peers like Gucci-owner Kering SA.
Sales increased 11.3% at constant exchange rates in the third quarter, Hermes International SCA said in a statement Thursday, just ahead of analysts’ estimates. Kering, meantime, warned that annual profit is likely to fall to the lowest level since 2016 as flagging Chinese demand hampers a Gucci turnaround.
Hermes has held up better than rivals amid the luxury slowdown because it caters to the wealthiest clients, whose spending tends to be more reliable than less well-heeled customers. The French company enjoys strong pricing power and waiting lists for its most coveted handbags. Even LVMH, the world’s largest luxury group, saw sales decline in the quarter.
Hermes’ sales growth “confirms an industry-beating resilience, supported by the more premium parts of the group’s offering,” such as leather goods and ready-to-wear, Jefferies analyst James Grzinic said in a note.
Tradehaven
24 Oct, 07:31
*GERMAN OCT. MANUFACTURING PMI RISES TO 42.6; EST. 40.8
*GERMANY OCT. SERVICES PMI RISES TO 51.4; FORECAST 50.6
*GERMANY OCT. COMPOSITE PMI RISES TO 48.4; FORECAST 47.6
*GERMANY OCT. SERVICES PMI RISES TO 51.4; FORECAST 50.6
*GERMANY OCT. COMPOSITE PMI RISES TO 48.4; FORECAST 47.6
Tradehaven
24 Oct, 04:08
Sands’ Singapore Casino Expansion Cost to Double to $8 Billion
▪ Original estimate for the project was $3.4 billion in 2019
▪ New Marina Bay Sands extension expected to open by 2031
(Bloomberg) -- Las Vegas Sands Corp.’s planned expansion of its iconic casino resort in Singapore is expected to cost $8 billion, more than doubling its original estimate as the group seeks to build a new luxury gaming complex to drive growth.
The expansion of Marina Bay Sands, which includes a new property with a 570-suite luxury hotel, is expected to open early 2031, subject to government approval, the company said in an earnings report on Wednesday.
▪ Original estimate for the project was $3.4 billion in 2019
▪ New Marina Bay Sands extension expected to open by 2031
(Bloomberg) -- Las Vegas Sands Corp.’s planned expansion of its iconic casino resort in Singapore is expected to cost $8 billion, more than doubling its original estimate as the group seeks to build a new luxury gaming complex to drive growth.
The expansion of Marina Bay Sands, which includes a new property with a 570-suite luxury hotel, is expected to open early 2031, subject to government approval, the company said in an earnings report on Wednesday.
Tradehaven
24 Oct, 04:07
National Heritage Board to study if Oxley Road site is worthy of preservation as national monument
https://www.channelnewsasia.com/singapore/38-oxley-road-nhb-study-demolished-lee-kuan-yew-hsien-yang-4699046
https://www.channelnewsasia.com/singapore/38-oxley-road-nhb-study-demolished-lee-kuan-yew-hsien-yang-4699046
Tradehaven
24 Oct, 02:28
Don't be surprised if Canada Prime Minister Justin Trudeau resigns this week
https://www.forexlive.com/centralbank/dont-be-surprised-if-canada-prime-minister-justin-trudeau-resigns-this-week-20241022/
https://www.forexlive.com/centralbank/dont-be-surprised-if-canada-prime-minister-justin-trudeau-resigns-this-week-20241022/
Tradehaven
24 Oct, 02:01
Ukraine has uncovered an illicit scheme to obtain disability benefits involving prosecutors and members of medical commissions
https://www.bloomberg.com/news/articles/2024-10-23/ukraine-s-disability-benefits-scandal-raises-fresh-graft-concern
https://www.bloomberg.com/news/articles/2024-10-23/ukraine-s-disability-benefits-scandal-raises-fresh-graft-concern
Tradehaven
24 Oct, 01:59
(Bloomberg) -- Hermes, traditionally resilient in the face of challenges weighing down its luxury peers, will probably show the impact of the industry slowdown in its third-quarter results.
The Birkin bag maker is expected to report its weakest quarterly revenue growth since the end of 2021 when it releases sales figures on Thursday.
The Birkin bag maker is expected to report its weakest quarterly revenue growth since the end of 2021 when it releases sales figures on Thursday.
Tradehaven
24 Oct, 01:58
(Bloomberg) -- Some of the world’s biggest exchange-traded fund providers are battling it out for the billions of dollars expected to flow into Indian bonds in coming years through their inclusion in key global indexes.
BlackRock Inc., Amundi SA and Janus Henderson’s Tabula Investment Management unit are among those that have launched new ETFs on the sector since JPMorgan Chase & Co.’s decision to include Indian debt in its key emerging-market index last year. Such ETFs are set to attract $5 billion to $10 billion over the medium term, according to estimates by asset management firm DWS Group.
“India is too big to ignore,” said Benoit Sorel, global head of ETF, indexing and smart beta at Amundi, the largest European ETF provider. “It’s becoming a key allocation within emerging-market debt. The first key interests are coming from professional investors, who are benchmarking their allocation.”
BlackRock Inc., Amundi SA and Janus Henderson’s Tabula Investment Management unit are among those that have launched new ETFs on the sector since JPMorgan Chase & Co.’s decision to include Indian debt in its key emerging-market index last year. Such ETFs are set to attract $5 billion to $10 billion over the medium term, according to estimates by asset management firm DWS Group.
“India is too big to ignore,” said Benoit Sorel, global head of ETF, indexing and smart beta at Amundi, the largest European ETF provider. “It’s becoming a key allocation within emerging-market debt. The first key interests are coming from professional investors, who are benchmarking their allocation.”
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