Company Overview and News
Investors seeking momentum may have iShares MSCI Singapore ETF (EWS - Free Report) on radar now. The fund recently hit a new 52-week high. Shares of EWS are up approximately 30% from their 52-week low of $19.86/share. (13-0)
Singapore is witnessing an increase in business confidence, which improved for the second consecutive quarter. As per Singapore Commercial Credit Bureau (SCCB), the Business Optimism Index rose to 3.58% in the third quarter of 2017 from 2.66% in the prior quarter. Moreover, on a year-over-year basis, the index rose to 3.58% in the third quarter from 1.1% in the prior-year quarter.
For investors looking for momentum, iShares MSCI Singapore ETF (EWS - Free Report) is probably on your radar now. The fund just hit a 52-week high and shares of EWS are up roughly 15.4% from their 52-week low price of $19.86/share.
Closed-end fund discounts typically offer no direct near-term upside, but can be valuable as a sentiment indicator.
Though stocks have had a rough journey so far in 2017, markets welcomed the 45th U.S. republican president Donald Trump with aplomb. The Dow Jones Industrial Average – one of the strongest beneficiaries of the Trump rally – broke a five-day losing streak and added about 0.5% on January 20. The S&P 500 and the Nasdaq Composite too tacked on more or less 0.3% each.
Q: I noticed the unit price of some iShares ETFs changed radically last week. For example, the iShares MSCI Singapore ETF (NYSEARCA:EWS) shot up from around $10 to $20 overnight on November 7. Another fund went from $14 to over $28. What's going on here, and how would it affect investors? - Chris
Global stock market moves right after Donald Trump's unexpected win made one thing clear that market watchers want the present state of affairs to sustain and not a complete revamp. The theory was true for the U.S. market as well which is why markets started crashing initially on cues of Trump's victory, but finally steadied probably on his reassuring rhetoric on 'America First'.
Data published in the February 2013 article Seasonal Patterns In Stock Markets: 319 Years Of Evidence show that November and December have been the 2 best months of the year for equity markets since stock data exist (more than 3 centuries). March and April have been very good at least since 1929.
Singapore's economy contracted in the third quarter on a sequential basis and registered the slowest pace of year-on-year growth in more than seven years. A huge slump in manufacturing activity emerged as the main reason behind the sluggish growth rate. Though the monetary authority of Singapore (MAS) kept its policy unchanged, it is speculated that it may opt for easing in the days ahead to boost the economy.
Singapore’s economy contracted in the third quarter on a sequential basis and registered the slowest pace of year-on-year growth in more than seven years. A huge slump in manufacturing activity emerged as the main reason behind the sluggish growth rate. Though the monetary authority of Singapore (MAS) kept its policy unchanged, it is speculated that it may opt for easing in the days ahead to boost the economy.
US Presidential elections get plenty of attention, but their measurable impact on economies and stock returns remains relatively minimal.
In late 2007, The Economist magazine said that while the strong global economy had been a boon to most Southeast Asian economies, “perhaps the most impressive performer is Singapore.”
Asia is rather out of favor these days - mainly as a result of a slowdown in trade.
The commodity lost 12% of its value during August.Palm oil prices are now quoting around their 3-year lows.Multiple factors are expected to push prices up by the end of the year.Belgian company Sipef
Below is a snapshot of our trading range screen for the 30 largest country ETFs traded on US exchanges. For each ETF, the dot represents where it is currently trading within its range, while the tail
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