Hong Kong: Stocks open higher after oil’s rise


Hong Kc89d1-sti2bindexong stocks advanced at the open on Friday as gains on Wall Street and a rise in the oil price boosted sentiment, while shares in China dipped slightly.

The Hang Seng Index added 0.24 per cent, or 56.4 points, to 23,079.56. The benchmark Shanghai Composite Index slipped 0.12 per cent, or 3.72 points, to 3,100.39, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, was flat, edging down 0.08 per cent, or 1.57 points, to 2,040.65.

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Natural Gas Market Update : Epic Research Singapore


 

Elsewhere in energy trading, natural gas for February NGG15, +1.54%  delivery rose nearly 6 cents, or 2%, to end at $2.9270 per million British thermal units, as stockpiles fell. Natural-gas inventories declined 131 billion cubic feet in the week ended Jan. 2, the U.S. Energy Information Administration said. Analysts polled by Platts had expected a decline between 117 bcf and 121 bcf.

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Malaysia Airlines Market News Update : Epic Research Singapore


The Neth301ef-malaysian-airline-planeerlands on Sunday scrapped plans to send an international armed mission to secure the crash site of Malaysian flight MH17, fearing a deployment risked being dragged into the conflict in east Ukraine.


Dutch authorities leading the probe into the downing of the passenger airliner carrying 298 people had along with Australia planned to send armed officers, but Prime Minister Mark Rutte said this is no longer viable.

“Getting the military upper hand for an international mission in this area is according to our conclusion not realistic,” Rutte told journalists in The Hague, noting the presence of heavily armed separatists and the proximity of the border with Russia – accused of backing the rebels.

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Malaysia Airlines Market News Update : Epic Research Singapore


Australia’s prime minister voiced deep concern on Monday that Russian-backed rebels remained in control of the crash site of a Malaysian airliner shot down over Ukraine, saying the site looked more like a “garden clean-up” than a forensic investigation.

At least 27 Australian passengers were among the 298 people aboard Malaysian Airlines Flight MH17, shot down over eastern Ukraine in an attack the West has blamed on separatist rebels armed by Russia.

Prime Minister Tony Abbott, speaking on a breakfast radio show, said he had spoken “overnight” to Russian President Vladimir Putin for the first time about the disaster, amid mounting horror over the treatment of victims’ remains. “He said all the right things and now we need him to be as good as his word,” Abbott told 2GB radio, declining to comment in detail about his discussion with Putin.

US Secretary of State John Kerry on Sunday demanded Moscow take responsibility for actions of pro-Russian rebels whom Washington suspects of downing the jet with a missile. He expressed disgust at their “grotesque” mishandling of the bodies.


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Sgx Singapore News Update : Epic Research Singapore


SINGAPORE households’ expectations of inflation over one and five year horizons have dipped moderately, according to the Singapore Index of Inflation Expectations (Sindex) survey by the Singapore Management University (SMU).
Expectations for the one-year-ahead headline inflation (CPI-all item inflation) fell from 3.72 per cent in December 2013 to 3.66 per cent in June 2014 – the lowest since the survey’s inception in September 2011.
Inflation outlook for five years ahead was at 4.72 per cent – unchanged from last December and the lowest since the survey’s inception, having maintained a slowing trend of decline since September 2012.
This continued but moderate decline in inflation expectations can be attributed to a confluence of global and local factors, said SMU.

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Fifa World Cup Market News Update : Epic Research Singapore


Notorious Singapore match-fixer Wilson Perumal on Tuesday denied he had predicted the result of the Cameroon v Croatia World Cup game which is now under investigation.
Perumal said he was “shocked and amazed” at reports of his actions and apologised to Cameroon, according to a statement he released through the Italian investigative journalist website Invisible Dog.
The allegations were reported by Der Spiegel magazine and the Cameroon Football Federation has since launched an inquiry. But Perumal said he only gave an “informal assessment” of the Cameroon-Croatia game in a Facebook conversation with the journalist.
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Comex Market Update : Epic Research Singapore


August gasoline RBQ4 +0.09%   fell nearly a cent to $3.04 a gallon and August heating oil HOQ4 -0.04%   closed up less than half a penny at $2.99 a gallon.

August natural gas NGQ14 -0.14%   settled at $4.455 per million British thermal units, up less than a penny, following Monday’s 1.2% climb.

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