Sunday, 12 June 2016

Market Update.

The slump in the oil and energy prices had a negative impact on the Singapore Economy since 2014. From the last quarter, we have witness some recovery in fossil fuel prices. Supply had been reduced due to the shutting down of higher cost oil productions. Recent supply disruptions have also an impact in supply.
However, the low prices have resulted to an increase in demand of oil, especially in Asia and United States. 
Interest rates are likely to rise with the recovery of US economy. Growth is likely to remain weak in Japan and Europe and China is slowing down.
Based on the recent reports, global growth in 2016 has been downgraded. Due to the global headwinds, property cooling measures, immigration and labour restrictions, many Singapore listed companies in the cyclical sectors are traded below the book value.
The recovery in equities and energy prices is likely to take place till we see a sustainable increase in global demand.

Redemption of Poems Reward Points:
We reward you when you trade! From May 2016 onwards, you can use your POEMS reward points to exchange for free travel and accident insurance coverage.
We reward you when you travel! Collect POEMS reward points when you book your travel accommodations via Agoda. For every S$1 you spend, we will credit 1 reward point to your POEMS account.

Enjoy S$10* minimum commission for online trades in Singapore listed stocks:


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Thanks and Regards
Lionel Lim
Principal Trading Representative/Remsier

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