Philippines – Best stock market in Asia PHILEQUITY CORNER - Wilson Sy (The Philippine Star) - January 21, 2019 - 12:00am The Philippine stock market has been one of the top markets in the world for the year 2019. In fact, it is the best stock market in Asia with a return of 7.8 percent in just three weeks. The PSEi also delivered the highest returns among Asian markets on a one month and three month time frame. Stock market returns in Asia Sources: Bloomberg, Wealth Research Optimism in 2019 replaces last year’s fears The extreme investor pessimism and bearishness in 2018 was replaced by hope, optimism, and bullishness in 2019. Below, we explain the developments which caused market sentiment to turn from negative last year to positive this year. The Powell pop After being called ‘tone deaf’ and ‘data independent’, Fed chair Jerome Powell said the central bank would be … [Read more...] about Philippines – Best stock market in Asia
Forecasting stock market movement direction with support vector machine
Stock market poised for rebound in 2019 — FMIC Iris Gonzales (The Philippine Star) - January 1, 2019 - 12:00am MANILA, Philippines — The stock market may stage a rebound this year, driven in part by election-related spending and the continued heavy outlay on infrastructure and capital goods, according to The Market Call, a joint report by First Metro Investment Corp. (FMIC) and the University of Asia & the Pacific. “The Philippine equity market looks forward to a rebound in 2019 based on positive developments in the local front. The rapid deceleration of domestic inflation, erasure of crude oil gains in 2018, election spending, and continued ramping up of infrastructure and capital goods spending point toward resiliency in domestic demand and better earnings prospects,” the report said. It said a number of the positive developments that improved market conditions and encouraged investors to … [Read more...] about Stock market poised for rebound in 2019 — FMIC
TORONTO: For about an hour and 11 minutes last Friday afternoon, traders in Canada's biggest stock exchanges were left in the dark, as the stock market operator battled with a hardware failure.Those 71 minutes are an eternity for traders, some of whom had no access to critical data, market participants said. At the time, Toronto Stock Exchange operator TMX Group Ltd said only that it was experiencing trading issues on all its exchange platforms, and it eventually said it would shut down trading earlier than usual that day.TMX, which later blamed the market outage on a hardware failure, rectified the issue and trading resumed on Monday.Now, market experts are questioning whether TMX communicated swiftly enough on Friday about the shutdown that occurred more than two hours before the usual close of trading. The episode has also exposed retail investors' heavy reliance on TMX for market data, which weighed on their ability to execute trades."If there was a smaller time window between TMX … [Read more...] about A dark hour for traders as rare outage crippled Canada stock markets
Why is the Phl stock market dropping? After staging a decisive breakout past 8,000, the PSEi touched an intraday all-time high of 9,078 on Jan. 29. Since then, the PSEi has plunged 14.9 percent from its all-time high, closing at 7,727 last Friday. The index is now down 9.7 percent year-to-date. Factoring in peso depreciation, the PSEi has dipped 13.6 percent year-to-date in US dollar terms. Why have Philippine stocks fallen so sharply? Return of volatility in global stocks In a recent article, we explained that the PSEi’s drop was partly a result of heightened volatility in global markets (Return of Volatility, April 2). This was caused by a potential trade war between the US and China (Trade wars, March 26), political noise in the US, the sharp drop in tech stocks, geopolitical tensions arising from the war in Syria, and concerns on the Fed’s interest rate hikes. These events determined the direction of global markets, which in … [Read more...] about Why is the Phl stock market dropping?
Business Bitcoin, the highly volatile digital currency, is proving to be the new stock market indicator, influential investor Jeffrey Gundlach said on Monday, adding that this is hardly just a "gut feeling" given the recent price movements. 03 Apr 2018 03:35AM Bookmark NEW YORK: Bitcoin, the highly volatile digital currency, is proving to be the new stock market indicator, influential investor Jeffrey Gundlach said on Monday, adding that this is hardly just a "gut feeling" given the recent price movements."Bitcoin closed at the low of the year last week, SPX (Standard & Poor's 500 Index) is now at the low of the year this week," Gundlach, known as Wall Street's "Bond King," told Reuters in an interview. "Bitcoin keeps leading."For months, Gundlach, who oversees US$119 billion at DoubleLine Capital, has asserted that bitcoin has become the "lead horse" of risk assets and that its previous plunges have had a cascading effect on other risk assets including equities and … [Read more...] about DoubleLine’s Gundlach says bitcoin leads stock market movements