The purpose of creating this Topic about Dow Jones,Oil and KLCI markets discussion.Anyone can share your view .Please do respect and do not attack each other in this group. Treat everyone here as Family.
Our main objective is to make money and not make enemy.
For chart reference you may visit my page at
https://www.facebook.com/pages/Gila-Saham/536182926525672
hi ozzie.nice to meet you at here.. Yes the China PMI was reported positive but until now 3 hours after the report there is no any reaction even Hang Send and Shanghai index still heading south .This week theme global market will focusing on Oil and US data most likely.
Regarding KLCI more worse that Ringgit keep weakening after Crude Oil hitting new low below USD50 per barrel .Local Fund will not support the CI after Window Dressing just over.
@simon84: No problem. Just noticed that you had initiated a lead post here so I just popped by to say hi to a friend, and some friends here too. :)
China had made known their accelerated spending of some USD 1 trillion in key infrastructure projects in 2015, and this might help to maintain/sustain the going forward PMI.
It is foreseeable that weakening oil prices would add pressure to the DJ, as observations from the last few months conclude that there is a positive relationship between oil prices and the heavy weight energy stocks over at their part of the world.
Saudi Arabia had cut back their oil discounts to their Asian customers based on latest news. Their 2015 budget had came under fire from their royalties, and with all these in mind let's keep our fingers crossed that we see braking gestures from them to address the weakening Brent prices, and their due consideration of other OPEC members like Venezuela who had reportedly sought help directly from China recently. We might see (hopefully) cut-backs in the shale arena, as production becomes not economically viable in view of prevailing prices.
Overall, I would think that the market remain cautious to make commitments. I was told by my peers that BNM had initiated action collectively with the financial institutions to address the weakening ringgit, though not mentioned in specifics.
Hope everybody's ok. Unfortunately the 2 minyak kindergarten kids are still toying with one another...hope we see the cane soon, yeah?
Haha..ozzie thanks for sharing your view ..you always said that is good has different view so that we can take as a reference.. I welcome you drop more about your opinion so that everybody can share and exchange the knowledge..
@imck i agree with you most of country now see China movement. But when we weight the current market sentiment is quite tough .
We may see BNM may do something action then we will wait what BNM will do .
@simon84: No prob. It is good to have healthy exchanges of info be it here or anywhere else. I learn much from you and everyone else so let's keep it going. Cheers.
@rchi I am doing fine, just come back from the long holiday. The first thing I do is to grab the FBM call warrant on first day of trade in 2015 - Jan 2.
What is your outlook on current sentiment? The rebound on oil seem on the corner but it maybe temporary. Anyway I don't hold any single share and I'm planning to enter some when the price is really low.
klci shoot up cause ppl bet tonite rebound, and beside Pre market Dj mini show up 12 point ma. no worried for me as well. later almost 4.30pm klci will slide as well if oil keep sliding
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Posted by simon84 > 2015-01-03 09:40 | Report Abuse
The purpose of creating this Topic about Dow Jones,Oil and KLCI markets discussion.Anyone can share your view .Please do respect and do not attack each other in this group. Treat everyone here as Family. Our main objective is to make money and not make enemy. For chart reference you may visit my page at https://www.facebook.com/pages/Gila-Saham/536182926525672