SINGAPORE: When the nationwide roll-out of the Open Electricity Market begins next month, consumers here will stand to enjoy the benefits of a liberalised retail power market with industry experts expecting sizzling competition to fire up price cuts and other promotions. This after a pilot test in Jurong saw retailers trying to outdo each other in similar fashion over the past five months. Simply put, the expansion of the Open Electricity Market, to be done in batches from Nov 1 to May 1, means that households and small businesses will no longer have to buy power solely from SP Group at the quarterly-reviewed regulated tariff. Much like getting mobile phone plans, they will be able to sieve through price plans offered by as many as 12 approved retailers. As part of a pilot programme that started in April, 120,000 consumers in Jurong were the first to enjoy this flexibility. To entice those shopping for electricity for the first time, 13 retailers doled out a buffet … [Read more...] about Full opening of electricity market in Singapore to fire up competition: What will retailers do?
What is retail sales
By Craig Wong The Canadian Press Thu., Feb. 22, 2018 OTTAWA—Canadian retail sales fell in December after the growing popularity of Black Friday sales in advance of the holiday season boosted results in November. “The drop was no big surprise, given the clear tendency in recent years for December sales to decline — even though the figures are seasonally adjusted,” Bank of Montreal chief economist Doug Porter wrote in a report. “What the rising importance of Black Friday giveth to sales in November, it taketh away from December.” Read more: Canada suffers biggest job loss in nine years Statistics Canada said Thursday retail sales fell 0.8 per cent in December to $49.6 billion. Article Continued Below The increase came as gains in new car sales were more than offset by lower sales at electronics and appliance stores and general merchandise retailers. Excluding motor vehicle and parts dealers, retail sales dropped 1.8 per … [Read more...] about Canadian retail sales fell in December despite 2017 being a banner year
Dave Lutz, head of ETFs at JonesTrading, has an overview of today’s markets. US stocks are falling again on Monday. Bitcoin is getting smashed. WTI oil is also under pressure. Here’s Lutz: Good Morning! US Futures are showing no recovery from Friday’s smash, as Outgoing Fed Head Yellen Says Prices ‘High’ for Stocks – The Spoos are off 70bp, nearing that 5% drawdown needed, as traders say this is “A healthy and much needed pullback”. It’s a bit ugly overseas tho, with the Euro Stoxx 600 back in the red YTD – DAX nearing off 2% for 2018 as Germany gets hit for 1% today. Financial, technology and resource stocks leading the selling in heavy volume – Most exchanges trading 30-40% above trends. FTSE a bit worse off, down 1.2% as Consumer and Healthcare hit for nearly 2%. Asia was pretty ugly – … [Read more...] about Superbowl selloff: Here’s a super-quick guide to what traders are talking about right now
Dave Lutz, head of ETFs at JonesTrading, has an overview of today’s markets. US markets are trading higher even as a potential government shutdown looms. Oil is retreating from three-year highs. Tech stocks are rallying. Here’s Lutz: Good morning, and Happy Friday!! All the talking heads focused on a potential US government shutdown, but spoos don’t care, with futures marked up 30bp – Tech acting well in pre-market. Gains in AMD, INTC, NVDA, AAPL and NFLX offsetting a 3% hit to Big Blue as the QQQs climb 50bp. Strong session in Germany, where the DAX is up 1% – Autos ripping again, up 10% in 2018 on average – Tech climbing 1%, and those Banks are staging a rally. FTSE move more muted, climbing 25bp – Oil Majors offsetting a pop in Miners, while Consumer names shrugging off weaker Christmas sales – Sea of Green in Asia … [Read more...] about A shutdown looms: Here’s a super-quick guide to what traders are talking about right now
Dave Lutz, head of ETFs at JonesTrading, has an overview of today’s markets. Earnings season starts this week. Most of the global markets are green. Ethereum is rising. Here’s Lutz: Morning, and Welcome to the kick off of Earnings week, with several major US Banks posting Friday, and As the bellwether JPM HC Conference kicks off, we awaken to 2 Biotech deals this AM. US Futures are starting off a touch weaker, as Investors rotate back into Treasuries early. It’s a decent session in Europe tho, where the EU Stoxx 600 is kissing 3Y highs as the DAX climbs 40bp behind a solid rally in the Autos. Fins are red tho, as a bid develops in Bunds. FTSE is Lagging as Tech hit behind Micro Focus, and Healthcare and Staples both rest in the red. Another green overnight in Asia – Hang Seng up 30bp despite a 10% rip higher in Country Garden – Shanghai … [Read more...] about Ethereum hits a high: Here’s a super-quick guide to what traders are talking about right now