SINGAPORE – The recent plunge in share prices of Malaysian rubber gloves makers is “unreasonable,” analysts said, predicting further upside in stocks. Shares of Top Glove, the world’s largest rubber gloves manufacturer, closed down 17.7% this year after closing on Monday. Its smaller allies Hartalega, Supermax and Coson have fallen …
Read More »Treasury yields increase after the stimulus package is passed by the Senate
The 10-year-old U.S. man died Monday morning after the Senate passed a $ 1.9 trillion coronavirus economic relief and stimulus bill on Saturday. Treasury yield reached 1.6%. Yield on the benchmark 10-year Treasury note reached 1.606% at 3.30am. Yields on 30-year Treasury bonds rose 2.311%. Yields continue to rise in …
Read More »Create a cash position for the next stock sell-off
Jim Kramer of CNBC said Friday’s employment report from the Labor Department has satisfactory markets on Friday, at least for the interim. The U.S. economy added 9379,000 jobs last month and the unemployment rate fell, while stocks bounced off their day lows and dragged three days of difficult trading to …
Read More »China has proposed changes to Hong Kong’s electoral system
The Hong Kong flag was flown from a ferry boat on July 2, 1997, a day after the former British colony returned to Chinese rule. Romeo Gakad | AFP | Getty Images Beijing on Friday proposed changes to “improve” Hong Kong’s electoral system – a widely anticipated move by China …
Read More »Stock futures are flat after a sell-off on Wall Street amid rising bond yields.
Stock futures were flat in overnight trading on Thursday following a tech-led overnight on Wall Street amid a rise in bond yields. Futures on the Dow Jones Industrial Average rose just 30 points, while the S&P 500 futures were slightly changed. Nasdaq 100 futures fell 0.2%. All eyes will be …
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