seanteohTOKYO (Reuters) - Asian shares got a lift on Friday after upbeat U.S. data suggested weaker oil prices are adding momentum to the American economy, though a continued slide in crude prices kept gains in check. U.S. crude futures (CLc1) continued to drop after falling below the key psychological support level of $60 a barrel for the first time in five years, and stood at $59.30 in Asia, down more than 1 percent on the day. Brent crude (LCOc1) continued its march downwards on Friday and dropped to a 5-1/2-year low of $63 a barrel, bringing this week's losses to more than 8 percent. It was last down 0.5 percent at $63.40. MSCI's broadest index of Asia-Pacific shares outside Japan edged up about 0.2 percent, though on track for a loss of over 2 percent for the week. Global crude prices have plunged in recent weeks on massive oversupply, raising fears that deflation could hit economies around the world. But data on Thursday showed that cheaper gasoline prices apparently helped U.S. consumer spending mark broad rises last month, and jobless claims also fell. One potential risk on the horizon got a temporary reprieve, when the U.S. Senate approved a two-day extension of government funding late on Thursday to stave off shutdowns of federal agencies that otherwise would have begun at midnight. Wall Street ended higher on Thursday, but Asian investors have mostly focused on the downside of lower energy costs, which dragged down equities here this week. "The relentless decline in oil prices continues to unsettle risky asset markets. Oil prices have fallen to levels last reached in mid-2009, as OPEC cut its demand forecast to a 12-year low despite lower prices, and U.S. crude inventories rose," Barclays strategists said in a note.
seanteohUS stocks plunge as oil rout continues A rout in oil prices shook financial markets Friday, pushing stocks to their worst weekly loss in two and a half years. The stock market fell sharply as investors worried that slumping oil demand is signaling that growth outside of the U.S. is weaker than earlier thought. And while consumers and airlines will benefit from lower fuel prices, energy companies will see their earnings suffer. Some may even go out of business. "In a nation like the U.S. (as well as) Europe and most of Asia, the benefits of falling oil outweigh the costs," said Jeff Kleintop, Schwab's chief global investment strategist. "The concern is that there's something more to it, given such a sharp decline, that there's something deeper here." A rapid decline in crude hit stocks all week. Oil fell again Friday after the International Energy Agency said global demand grow less than previously forecast next year. The news drove crude down for the fourth day in five, leaving the price 12 percent lower for the week and well below $60 per barrel. Oil has now fallen 47 percent since reaching a peak of $107 in June this year. The last time oil prices were this low was when the U.S. economy was emerging from the Great Recession. "It looks as if oil is not through going down yet," said Jim Russell, a portfolio manager at Bahl and Gaynor, a wealth manager. "It's a concern for the market because it does signal probably some global growth weakness." Stocks were also hurt after a report showed that growth in factory output in China, the world's second-largest economy, declined last month. The data came after Chinese leaders affirmed their commitment to the "new normal" of slower growth as they try to steer China toward a more sustainable expansion based on domestic consumption.
seanteohNEW YORK (AP) — A rout in oil prices shook financial markets Friday, pushing stocks to their worst weekly loss in two and a half years. The stock market fell sharply as investors worried that slumping oil demand is signaling that growth outside of the U.S. is weaker than earlier thought. And while consumers and airlines will benefit from lower fuel prices, energy companies will see their earnings suffer. Some may even go out of business. A rapid decline in crude hit stocks all week. Oil fell again Friday after the International Energy Agency said global demand grow less than previously forecast next year. The news drove crude down for the fourth day in five, leaving the price 12 percent lower for the week and well below $60 per barrel. Oil has now fallen 47 percent since reaching a peak of $107 in June this year. The last time oil prices were this low was when the U.S. economy was emerging from the Great Recession.
sheepwhy people selling cliq wa at below 15sen? exercise price is 0.50sen. if we buy at 0.10 sen and exercise it, one share would have cost us 0.60. two sen lower than what funds are buying the mother. if there is no deal to buyiing assets, than lagi untung. we get back 0.65 each share correct me if i am wrong...
seanteohWait till next week, should be drop further to 0.05 soon..........
seanteohInvestors were nervous after U.S. shares posted their biggest weekly fall in 2-1/2-years last week on losses led by energy sector, and as they expect the U.S. Federal Reserve to hint this week it is getting closer to raising interest rates. U.S. crude futures (CLc1) fell more than 2.5 percent at one point to as low as $56.25 per barrel (CLc1) before rebounding. By late morning, they were up 1.3 percent. The world's energy watchdog late last week forecast even lower prices next year on weaker demand and increased supply, sparking a fresh waving of selling. Oil's relentless slide pounded stocks and currencies exposed to energy exports on Friday, dousing the appetite for riskier assets. Energy-exporting emerging market currencies were strained, with the Brazilian currency hitting a 9-1/2-year low (BRL=) and the Russian rouble hitting an all-time low (RUBUTSTN=MCX). The Indonesian rupiah (IDR=D2) fell to its lowest since August 1998.
Koh Chean Siong@sheep: The main reason is the cliq warrent can only be converted to mother share after a concrete business is acquired and before any business is acquired, it is not allowed to convert.
seanteohRUSSIAN RATE-HIKE STUNNER Ruble drop unprecedented, oil to $30 Dennis Gartman of the Gartman Letter discusses how the Bank of Russia's raising of interest rates to 17 percent will impact the ruble, gold and oil. Russia just raised interest rates to 17% from 10.5%.According to a statement from Russia's central bank, Russia has taken its key interest rate to 17% from 10.5% in a stunning decision made after the collapse of the ruble on Monday.The Bank of Russia's statement said the decision was driven by the need to limit significant devaluation in the ruble and inflation risks. The announcement was made at 1 a.m. local time in Moscow.Last Thursday, Russia hiked rates to 10.5% from 8% in an effort to combat inflation, which rose 9.1% year on year in November.This surprise announcement from Russia comes after the ruble got absolutely crushed on Monday, losing more than 10% of its value against the US dollar, as the ruble fell to below 64 against the dollar on Monday; earlier this year, one dollar bought about 35 rubles. Russia's Micex stock exchange also fell by about 10% on Monday as the financial situation in that country continues to deteriorate amid the declining price of oil and the devaluation of its currency. And earlier this month, Russia's economy ministry projected GDP would contract by 0.8% in 2015. In other words, Russia is falling into recession.