Independent Insight Provider

Stewart Paterson

Taurus Advisors LLP

Macroeconomics

<p>King Cnute (995-1035) is largely recognized as one of the most effective of kings in the Anglo-Saxon period. His name is most often associated with his commanding the sea to retreat and ending up with wet feet. The tide, it turned out, would obey none, not even a successful King and empire builder. The story is often represented as one of human folly and hubris. The power- mad ruler who thought he could command nature. In fact the reverse is true. Cnut was specifically setting out to teach his…</p>

King Cnute (995-1035) is largely recognized as one of the most effective of kings in the Anglo-Saxon period. His name is most often associated with his commanding the sea to retreat and ending up with wet feet. The tide, it turned out, would obey none, not even a successful King and empire builder. The story is often represented as one of human folly and hubris. The power- mad ruler who thought he could command nature. In fact the reverse is true. Cnut was specifically setting out to teach his…

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

Thematic (Sector/Industry)

<ul>
<li>In the 2016 calendar year, more than 100 companies were involved in share buybacks, with the buyback considerations amounting to S$826 million. <a href="https://www.smartkarma.com/entities/74" target="_blank" data-smartkarma-citation="entities:74">Singapore Airlines Ltd (SIA SP)</a>, <a href="https://www.smartkarma.com/entities/114" target="_blank" data-smartkarma-citation="entities:114">Oversea Chinese Banking Corp. Limited (OCBC SP)</a>, <a href="https://www.smartkarma.com/entities/2894" target="_blank" data-smartkarma-citation="entities:2894">Global Logistic Properties Ltd (GLP SP)</a>, <a href="https://www.smartkarma.com/entities/765" target="_blank" data-smartkarma-citation="entities:765">Olam International Ltd (OLAM SP)</a> and <a href="https://www.smartkarma.com/entities/22" target="_blank" data-smartkarma-citation="entities:22">DBS Group Holdings Ltd (DBS SP)</a> ranked highest in terms of buyback consideration value over the calendar year.</li>
<li>More recently, for the month of December 2016, there were a total of 13,915,200 shares…</li>
</ul>


In the 2016 calendar year, more than 100 companies were involved in share buybacks, with the buyback considerations amounting to S$826 million. Singapore Airlines Ltd (SIA SP), Oversea Chinese Banking Corp. Limited (OCBC SP), Global Logistic Properties Ltd (GLP SP), Olam International Ltd (OLAM SP) and DBS Group Holdings Ltd (DBS SP) ranked highest in terms of buyback consideration value over the calendar year.
More recently, for the month of December 2016, there were a total of 13,915,200 shares…


Over 100 Firms Conducted Share Buybacks Totaling S$826M in 2016

<p>Inflation data released in Turkey today is not encouraging. PPI rose nearly 3% MoM and now stands at 9.94% YoY. Oil price inflation will likely peak in January / February but will likely not moderate much until May/June.  CPI rose from 7% YoY to 8.53% YoY in December but perhaps most alarmingly core CPI rose from 6.99% to 7.48%. In consequence bond yields have started to widen again in Turkey and given the heavy reliance on foreign bond purchases to fund the stock of debt, the currency has come…</p>

Inflation data released in Turkey today is not encouraging. PPI rose nearly 3% MoM and now stands at 9.94% YoY. Oil price inflation will likely peak in January / February but will likely not moderate much until May/June.  CPI rose from 7% YoY to 8.53% YoY in December but perhaps most alarmingly core CPI rose from 6.99% to 7.48%. In consequence bond yields have started to widen again in Turkey and given the heavy reliance on foreign bond purchases to fund the stock of debt, the currency has come…

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

<div>
<strong>Chartonics weekly</strong><p>Monday 19 December 2016 <em>Condensed holiday update</em></p>
<div><strong>Bullish undertone as EM's slump</strong></div>
<p>To view click on this link: <strong><a href="https://www.screencast.com/t/EbbUh7IuW1a" target="_blank" data-saferedirecturl="https://www.google.com/url?hl=en&amp;q=https://www.screencast.com/t/EbbUh7IuW1a&amp;source=gmail&amp;ust=1482205039215000&amp;usg=AFQjCNFNTBGM2hbh7Tagsd2srd1mreEpzA">https://www.screencast.com/t/EbbUh7IuW1a</a> </strong>10:25 min.</p>
<div>
<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/017/922/original/CPG%20FRONT%20COVER.png?1482118884" class="editor-image img-responsive" data-smartkarma-image-id="17922"></figure><div class="content-caption">Equity webcast</div>
</div>
<div>Primary equity drivers remain USD strength and rising US treasury yields, both chart structures display further near-term upside. We remain very bullish the USD but aware that a pause will be needed near ahead of reaching DXY 107.</div>
<div>
<strong>T-note yield and inflation</strong> - Immediate objective for the March contract lies at…</div>
</div>


Chartonics weeklyMonday 19 December 2016 Condensed holiday update
Bullish undertone as EM's slump
To view click on this link: https://www.screencast.com/t/EbbUh7IuW1a 10:25 min.

Equity webcast

Primary equity drivers remain USD strength and rising US treasury yields, both chart structures display further near-term upside. We remain very bullish the USD but aware that a pause will be needed near ahead of reaching DXY 107.

T-note yield and inflation - Immediate objective for the March contract lies at…


<p>At the time of writing the US Dollar is flirting with several support/resistance levels on charts. The Euro is oscillating around 1.05 to the dollar and has the potential to break its 2 year consolidation and move towards parity very fast. In March 2015 it traded at 1.0460 and a break of that level might send the dollar flying higher. My sense though is that the next big move up in the dollar will have more to do with bad news elsewhere, than positive news on the US. Having said that today we…</p>

At the time of writing the US Dollar is flirting with several support/resistance levels on charts. The Euro is oscillating around 1.05 to the dollar and has the potential to break its 2 year consolidation and move towards parity very fast. In March 2015 it traded at 1.0460 and a break of that level might send the dollar flying higher. My sense though is that the next big move up in the dollar will have more to do with bad news elsewhere, than positive news on the US. Having said that today we…

Money Matters: Is the RMB About to Shoot?

Singapore

DBS Group Holdings Limited and its subsidiaries provide a variety of financial services.  The Company offers services including mortgage financing, lease and hire purchase financing, nominee and trustee, funds management, corporate advisory and brokerage .  DBS Group also acts as the primary dealer in Singapore government securities.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

DBS (DBS SP)

Money Matters: King Cnut and the PBOC.

King Cnute (995-1035) is largely recognized as one of the most effective of kings in the Anglo-Saxon period. His name is most often associated with...

Stewart Paterson

Money Matters: Turkey on the Brink?

Inflation data released in Turkey today is not encouraging. PPI rose nearly 3% MoM and now stands at 9.94% YoY. Oil price inflation will likely...

Stewart Paterson

Bullish Undertone as EM's Slump

Chartonics weeklyMonday 19 December 2016 Condensed holiday update Bullish undertone as EM's slump To view click on this...

Thomas Schroeder

Money Matters: Is the RMB About to Shoot?

At the time of writing the US Dollar is flirting with several support/resistance levels on charts. The Euro is oscillating around 1.05 to the...

Stewart Paterson

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Money Matters: King Cnut and the PBOC.

King Cnute (995-1035) is largely recognized as one of the most effective of kings in the Anglo-Saxon period. His name is most often associated with...

Stewart Paterson

Over 100 Firms Conducted Share Buybacks Totaling S$826M in 2016

In the 2016 calendar year, more than 100 companies were involved in share buybacks, with the buyback considerations amounting to S$826 million....

Singapore Exchange Ltd (SGX)

Money Matters: Turkey on the Brink?

Inflation data released in Turkey today is not encouraging. PPI rose nearly 3% MoM and now stands at 9.94% YoY. Oil price inflation will likely...

Stewart Paterson

Bullish Undertone as EM's Slump

Chartonics weeklyMonday 19 December 2016 Condensed holiday update Bullish undertone as EM's slump To view click on this...

Thomas Schroeder

Money Matters: Is the RMB About to Shoot?

At the time of writing the US Dollar is flirting with several support/resistance levels on charts. The Euro is oscillating around 1.05 to the...

Stewart Paterson