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japan technology quite recently comes out with an environment friendly cars. they're not using oil or gas as fuel, but is just water from the tap to run the engine. efficiency is almost perfect like normal car..
I read this from one article.. no so sure pass the lab trial oredi or not, soon will be available in the market WoW!!!! JApan automation
about oil contract...
tracking of oil contract can be tedious.We might not know which month contract was traded becos it can be inter-change (swop mth ahead)
...
smart burger says " dollars become better"
one thingy to note, inflation is in control.
USA ah BEN talk update:
" inflation rise will be modest and temporary"
" repeat cautious optimisim on outlook"
" pay offset high commodities price"
" commodities raise due to supply and demand"
result: oil price goes UP , my view...
market pulse
March 1, 2011, 10:03 a.m. EST
ISM manufacturing gauge rises to 61.4% in February
By Jeffry Bartash
WASHINGTON (MarketWatch) - American manufacturers remained in a strong expansionary mode in February, according to a closely followed index. The Institute for Supply Management on Tuesday said its manufacturing gauge climbed to 61.4% in February, the highest level since May 2004. Any reading over 50 indicates that more manufacturers are expanding instead of shrinking. The manufacturing sector has now grown 19 straight months, outshining most other U.S. industries during that time. Economists surveyed by MarketWatch had forecast the index to edge up to 61.0%.
US ism slight fall for feb, jobless claim may be up this week. oil (not brend) usd 98xx(bull). ah ben speaks at 1100pm, (singapore time). Do watch.
Usually Dj will close -ve after this.
uk and us likely to join force for " PEACE WAR" in libya. WoW!! super bull for crude, BUT -ve for dollars..... 
Dj tips 12600 pts (recovery....)
london tips 6100 pts (inflation...)
one thingy to note, london recently introduce new ipos.
POLITICS IN 60 SECONDS: What You Need To Know Right Now
Good morning! Here's what you need to know:
1. US Secretary of State Hillary Clinton and her European counterparts discussed setting up a no-fly zone over Libyan airspace. The Pentagon repositioned assets off the coast of Libya to enforce such a zone or to deliver humanitarian aid.
2. Christopher Hitchens delivers a withering critique of the Obama Administration's response to events in the Middle East, comparing the Administration's handling of the crisis in Libya to " the futile squawkings of a cuckoo clock."
3. A top NY Federal Reserve official offered an upbeat assessment of the U.S. economy's ability to weather rising oil prices. He said that the economic recovery is picking up steam and that policy makers (so far) see no reason to curb their efforts to stimulate growth.
4. The price of farm land in the United States has increased 12 percent in the last year. Rising food prices around the world have turned agriculture into a " hot" economic sector. Gillian Tett reports.
5. Peter Peterson says US debt is " part of an international debt bubble being inflated simultaneously and unsustainably by fundamental demographic changes and vast unfunded promises in virtually every advanced economy. Bubbles eventually pop – and ignoring this one could be calamitous."
6. US foreign policy is, to some degree, compromised by US indebtedness. China, for instance, now holds $1.16 trillion of US debt, according to new figures from the US Treasury.
7. The US dollar's status as a " safe haven" is being threatened by higher oil prices. In recent days, investors have been seeking shelter from the storm in the Swiss franc and the yen.
8. US states are considering getting rid of guaranteed retirement benefits for public workers in favor of 401(k)-like plans. Utah did this successfully. But winding down a pension fund is not easy or inexpensive.
9. Muni bond " experts," an optimistic bunch, see state and local tax revenues rising, thus easing the pressure on their market. The muni bond market needs all the help it can get.
10. You will not be shocked to learn that yet another commission has found massive bloat inside the operations of the Federal government. The bloat costs taxpayers billions of dollars every year.
11. Two conservative groups guided by Republican operatives Karl Rove and Ed Gillespie set a goal of raising $120 million to defeat President Barack Obama, win a GOP majority in the Senate and protect the party's grip on the House in the 2012 election.
10 Things You Need To Know Before The Opening Bell
Good morning. Here's what you need to know:
- The U.S. government just approved the first deepwater oil drilling permit since the BP disaster. Noble Energy received the award, and will start work again in the same area of BP's well.
MAP OF THE DAY: A Big, Definitive* Look At The Crisis In The Mideast
Suddenly, That Inflation Situation In Asia Doesn't Look So Frightening
Last night, Thailand and Indonesia both reported inflation numbers than came in less hot than anticipated.
In Thailand, year-over-year inflation rose 2.87%, but the month-over-month number rose only 0.4%. The country has been engaged in tightening policy, and now looks to have its inflation back within its desired range. The big worry, however, is that the government is only confident it can stay within range if three factors don't change, one of which is the price of crude oil in Dubai.
Indonesia's inflation rate is still high, at 6.84% year-over-year, but has slowed from January and only rose 0.13% month-over-month in February. High inflation continues to be blamed on food prices, which have spiked due to poor harvests.
But the big one may be China, and while today's PMI number continued to show an increase in input prices, a recent report from Renmin University says inflation may peak in Q1.
But the big problem, as told by the Thais, is the threat of rising oil prices from instability in the Middle East. That could make what seems to be an improving situation again look rough rather quickly.
The Government Of India's New Budget Just Created A Whole New Inflation Headache For Its Central Bank
India's government just put in place a new budget, and while the country's central bank is doing everything in its power to fight inflation, it seems the government is keen to make the problem worse.
From Societe Generale's Glenn Maguire:
We find that the plans to increase spending by 3.4% and the boosting of incomes via exemptions for individual tax payments, reduced costs for housing and a 1.45trn allocation for subsidies an unusual policy choice at this juncture. The actual budget outcome will be strongly pro-cyclical. Indeed, it is one that will put additional pressure on the RBI to contain price inflation.
And those subsidies may actually be higher than first anticipated. Societe Generale projects that with oil prices rising, oil subsidies will be higher and the total amount of subsidies will actually be closer to 1.6 trillion rupees ($35 billion).
India's central bank has already been doing everything it can to fight inflation, raising rates repeatedly in an effort to slow food and other cost inflation within the country. Now it looks like the RBI will have to adjust key rates for the 8th time since January 2010.
LONDON SHARES is falling down... WHY? less spending power from ang mios to ang mo. Think europe business partners is overall still america ( becos both spoke English la)
sigh. tony blair and alan greenspan are both the best up to date. my personal view
the best spokeman for commodities = tony blair
the best fed reserve chairman = alan greenspan
those days alredi gone liao.....
Global concerns cap FTSE gains, miners help support
The foyer of the LSE
* FTSE pares early gains
* Miners up but geopolitical, inflation worries linger
* Banks lower, HSBC falls after broker downgrades
LONDON, March 1 (Reuters) - Strength in miners kept Britain's top share index in positive territory at midday on Tuesday after supportive data overnight from China.
Lingering geopolitcal concerns and inflation worries saw many stocks pare early gains with banks and retailers among the top fallers.
At 1149 GMT, the FTSE 100 was 2.18 points higher at 5,996.19. The index fell 1.3 percent last week as tensions in the Middle East and North Africa saw oil prices soar, threatening global economic recovery.
" There remains uncertainty which is preventing this market from pushing on," Jimmy Yates, head of equities at CMC Markets, said.
" Fund managers are shuffling their portfolios out of riskier assets for the time being and, given the weighting of the FTSE towards commodity-driven assets and banks, that is stunting progress."
Miners, which have fallen early in 2011 on worries over inflation in emerging markets and dented by political tensions in the Middle East, bobbed higher.
Chinese manufacturing data showed growth slowed in February, helping dampen fears about China's economy overheating and the need for further monetary tightening in the world's major commodity consumer.
" The China data provides some support for miners, though overall the picture remains mixed," Mic Mills, head of electronic dealing at ETX Capital, said.
Energy stocks were mixed. Crude prices held above $112 per barrel, although off multi-year highs, on supply worries as unrest continued in Libya and the Middle East.
Traders said the session's slightly more bullish tone among investors was underpinned by comments from Warren Buffett, chairman of investment firm Berkshire Hathaway, which suggested stocks may be cheap.
HSBC WOES
Banks were weaker with heavyweight HSBC down 2.4 percent as both Deutsche Bank and UBS downgraded ratings for the global lender following Monday's results disappointment.
Home improvement retailer Kingfisher was the top FTSE 100 faller, down 4.6 percent as Societe Generale cut its rating to " sell" , saying in a note: " It is time to worry about B& Q in the UK as it begins to face more severe consumer headwinds" .
Clothing retailers Marks & Spencer and Next fell 2.3 percent and 1.7 percent respectively, hit again by Monday's cautious trading news from high street Primark, owned by AB Foods.
AB foods, however, rallied 3.8 percent as Evolution upgraded its rating on the Primark owner to " buy" from " neutral" .
British outsourcing group Capita was the top riser, up 4.8 percent after saying it was in talks with Zurich Financial Services about an extension of the term of Capita's existing contract, dragging peer Serco, up 2.4 percent, with it.
Wolseley, the world's largest plumbers and builders merchant, added 2.2 percent after Irish building materials group CRH reported stabilisation in the past three months.
There were upbeat signs on the local economy. In February, house prices in Britain rose, while manufacturing growth held at a record level.
U.S. stock index futures pointed to a higher open on Wall Street on Tuesday ahead of the testimony by Federal Reserve Chairman Ben Bernanke, starting at 1500 GMT (2300hr). Britain's United Business Media fell 10.5 percent after results, which prompted Numis to cut its earnings forecasts and target price. (Editing by Dan Lalor)
First Published: 2011-03-01 17:17:30
Updated 2011-03-01 20:06:53
USA AH BEN talkin today, Dj likely go down maybe then up. WHY !!! the explanation is simple, loose monetary measure means ppl are putting $$ into equity to earn higher rate but reflecting the economy still in bleak. china is feeling the pain of holding the falling greenback and not ruling out other countries that follow suit as well.
one thingy (strong important) to note, fall in greenback could result gain in inflation.
1) food price. vs (increase production(invest in farming), improve soil condition(fertilisering)
2) fuel cost. vs (spend less AC in daytime, use renewable energy, Go green)
3) higher production expenses, less profitability
4) more expensive product thus resulted lower spending power from consumers.
*Seems technology wise , have to depend on Big brother japan or europe liao, maybe USA too
I think replace greenback by gold (gdp rating...) would be better
Dollar index hits 3-1/2 mth low Bernanke awaited
* Dollar index at 3-1/2 mth low euro supported before ECB
* Fed's Bernanke expected to confirm policy will stay loose
* Euro targets 2011 high of $1.3862 before test of $1.40
* Sterling hits 13-month high vs dollar, CAD at 3-year high
(Updates prices)
By Jessica Mortimer
LONDON, March 1 (Reuters) - The dollar hit its lowest in three-and-a-half months versus a currency basket on Tuesday on the view U.S. monetary policy will remain loose, as the market awaited testimony by Federal Reserve Chairman Ben Bernanke.
With other central banks looking likely to hike interest rates, analysts said the dollar could extend falls if Bernanke stays cautious about the economy and relatively relaxed about inflation at his semi-annual appearance before the Senate Banking Committee starting at 1500 GMT.
Meanwhile, expectations of higher rates in the euro zone and UK pushed the euro close to its 2011 high against the dollar of $1.3862 and sterling to its highest in more than a year.
The euro was expected to remain supported ahead of a European Central Bank policy meeting on Thursday, where it may signal a willingness to raise rates.
" Interest rate differentials are likely to continue to drive markets, and although Bernanke should acknowledge improvements in the economy he is unlikely to change his stance in the short term," said Richard Falkenhall, currency strategist at SEB in Stockholm.
The dollar index, which tracks its performance against a basket of major currencies, fell to 76.735, its weakest level since early November.
The euro was up 0.3 percent at $1.3837, a shade away from a one-month high of $1.3857 hit on trading platform EBS on Monday, while a break of its February high just above there around $1.3862 would mark its highest since early November.
" Upside in euro/dollar is likely to depend on Bernanke. The first level is the 2011 high, and once this breaks we could see a test of $1.40 but for this to happen we would need (ECB President Jean-Claude) Trichet to be quite hawkish on Thursday," said Roberto Mialich, currency strategist at Unicredit in Milan.
Traders said the single currency could struggle to extend gains without a further catalyst, however, with offers reported around $1.3865-70 and barriers at $1.3900, $1.3950 and $1.4000.
Sterling rallied to a 13-month high against the dollar of $1.6330, supported by firm UK data and market expectations the Bank of England will raise interest rates before the Fed.
The Canadian dollar also hit a three-year high of C$0.9699 per U.S. dollar, helped by high oil prices and broad weakness in the greenback.
YEN, SWISS FRANC DIP
The dollar was up against the Swiss franc and the yen, however, as concern about troubles in North Africa and the Middle East eased in the absence of any significant escalation of tensions while oil prices stayed below last week's highs.
Uncertainties in the region remained, however, and analysts said if heightened tensions resume investors could again buy the Swiss franc and yen, the two currencies which have tended to benefit most when market players have sought safety.
" We have seen some consolidation of the risk aversion story as oil prices have stabilised a bit but there are still risks, and any weakening in the Swiss franc and yen could turn into a buying opportunity," Unicredit's Mialich said.
Versus the yen, the dollar rose 0.4 percent to 82.08 yen, hovering near the middle of its roughly 81 yen to 84 yen range seen over the past month. Traders earlier cited heavy buying of dollar/yen by Japanese exporters.
The dollar also rose 0.1 percent versus the Swiss franc to 0.9296 francs.
The Australian dollar was up 0.1 percent at $1.0194, close to a two-month high of $1.0203 hit in Asian trade which could leave it poised to test the multi-decade high of $1.0257 hit late last year. Earlier, the Reserve Bank of Australia kept interest rates unchanged at 4.75 percent, as expected. (Editing by Stephen Nisbet)
First Published: 2011-03-01 17:18:24
Updated 2011-03-01 19:31:08
A CNBC's guest from Financial Times mentioned that continuous trading to start in April.
krisluke ( Date: 01-Mar-2011 19:10) Posted:
I know 2Q suppose to be June becos 12/4 = 3 mths per quarter.
hpong5 ( Date: 01-Mar-2011 19:04) Posted:
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SG Banks Results Conclusion: SG Loans and advances accelerated in Jan, growing at 16.1% YoY. Credit demand continues to broaden with general commerce growing 38.3% YoY (Dec: 32.7%). Nomura note that core holding is OCBC for strong ASEAN presence, and broad integrated product platform DBS is showing traction in better leveraging its core franchise strengths, particularly S$CASA deposit base, although biggest kicker remains interest rate direction.
- MS maintain forecast of 9% loan growth for 2011, expect mortgages to grow at 11.0% vs. 22.9% achieved last year. Top pick is DBS for an undervalued recovery UOB, while valuations are undemanding, has benefited from one off gains in 2010 that appear unsustainable hence, with significant challenges in earnings growth, it is the least preferred exposure.
- CS maintain market weight, business loan growth could drive overall growth in 2011, as housing loan growth slows (mortgage applications are down ~20% after the govt property market cooling measures). SG banks expect low- to mid-teen group loan growth in 2011. OCBC remains as top pick near term.
I know 2Q suppose to be June becos 12/4 = 3 mths per quarter.
hpong5 ( Date: 01-Mar-2011 19:04) Posted:
Should start in April.
SGG_SGG ( Date: 01-Mar-2011 12:50) Posted:
By the way.... anyone knows offhand when will the all day trading start? 
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Japan lower house passes budget, PM's outlook bleak
Japan's PM Kan attends a budget committee meeting in the lower house of parliament in Tokyo
Will he resigned ?
Should start in April.
SGG_SGG ( Date: 01-Mar-2011 12:50) Posted:
By the way.... anyone knows offhand when will the all day trading start?
noonelikeme ( Date: 28-Feb-2011 13:11) Posted:
| i thought SGX delay till the 2nd half of 2011 ? |
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