Market Watch

Chicago-based China-America Capital Company Managing Director Tim Mulholland thinks that the plunge in bond prices will affect housing prices and may be counterproductive to US intentions with QE2. However, the bond prices may also signal stronger eonomic activity. There will probably be a retracement but the highs we saw in November will last for a couple of months. He sees a correlation with cap...

Clay Carter, Head of International Equities at Perennial Investment Partners in Sydney, says Wall Street may rise slightly although concerns about the Euro debt criss may continue to play out as France and Germany are refusing to add to EU's rescue fund. See omnystudio.com/listener for privacy information.

David Taylor of CMC Markets gives his price outlook for gold and expects demand to rise for commodities but does not anticipate a shortage. He also highlights Australian data namely retail sales growth which was somewhat disappointing. See omnystudio.com/listener for privacy information.

Michael Yoshikami, President & Chief Investment Strategist at YCMNet Advisors in US, believes that unemployment in US will still remain at high levels for a number of years as more jobs are being outsourced outside the country. In the short-term, the Bush-era tax cuts could help sustain economic recovery but in the long-term, the government needs to reduce fiscal deficit. Over in Europe,...

Clay Carter, Head of International Equities at Perennial Investment Partners, believes that QE may be hastened as payroll data showed slower than expected growth but he notes that this could be a a one-off. The market may move upwards slightly this week as fears of the Euro debt crisis abate. See omnystudio.com/listener for privacy information.

OSK Research Director Chris Eng spoke about his outlook for December. OSK is bullish on Big Caps, such as banking and gaming sector.  They like the oil and gas sector, as they expect more contracts over the next few months. The recently announced tax incentives for oil and gas are a good move in the long term. Rumour has it that Petronas Carigali is aiming to list in 2011, so these tax incent...

Chicago-based China-America Capital Company Managing Director Tim Mulholland thinks December will most likely be better than what they anticipated mid-year when payrolls were sinking to the lowest levels and fears of double dip were gathering steam. Unemployment is still stuck close to 10% as job growth cannot accommodate swelling pool of workforce. With regards to EU, he views the stress tests as...

David Taylor, Market Analyst and Commentator, CMC Markets, Sydney, talks about comments by Deutsche Bank CEO Josef Ackermann saying investors’ mistrust of Spain is unjustified, and that problems in the banking industry are “manageable”. He also discusses Asian manufacturing data shows which that the continent is dividing into two economic camps: a strong China and India and weak...

Dr Michael A Yoshikami, President and Chief Investment Strategist at YCMNet Advisors say the Euro will go lower, and a two-tier Euro system is not feasible, and this crisis could lead to a double dip recession situation spreading across Europe, affecting strong economies like Germany and France too. See omnystudio.com/listener for privacy information.

ECM Libra Research agrees with LMC Chairman James Fry's forecast for crude palm oil to fall to RM2,600 per tonne by June 2011. And, the outcome of UN climate negotiators meeting this week in Mexico to debate protecting tropical rainforests, is not likely to be serious. Views of James Fry and Dorab Mistry are for different timelines hence not comparable. In early November, Dorab Mistry had said tha...

Malcolm E Polley at Stewart Capital Advisors believes the ISM manufacturing survey data for November will not show such a strong growth as October, likewise for non-farm payroll data for November. On the Eurozone sovereign debt crisis, he says the extent of the crisis will depend whether EU can go to the market for more funds. Italy is also in the spotlight. The Euro is expected to continue its sl...

Clay Carter, Head of International Equities at Perennial Investment Partners, talks about the wall of worry for global investors this week: Ireland's EU-IMF bailout, the outlook for Portugal, Spain and Italy and the single currency. Also concerns over North Korean tensions and China inflation, although that could be mitigated by improving US data. See omnystudio.com/listener for privacy informatio...

David Taylor, Market Analyst and Commentator, CMC Markets, Sydney, talks about surveys showing incomes and spending are rising in the US and whether this is a potential bright spot, his expectations for Christmas spending this year, simmering tensions in the Koreas, with US warships and aircraft carriers having been sent to the Korean peninsula, and ends with his views on Spain and whether he thin...

Malaysian Resources Corp Bhd and IJM Land Bhd will be merged to form a mega property owner and developer with an implied market value exceeding RM7 billion. The new company would be admitted to the official list of Bursa Securities upon completion of the Proposed Merger, in place of IJM Land and MRCB. MRCB CEO Mohamed Razeek Hussain gave his views on the MRCB offer price, and about merging two wor...

Crude palm oil futures for February delivery closed at RM3,115 per tonne on Tuesday, Nov 23rd. CIMB Futures trader GM Teoh gave his views on  where CPO futures are headed. He expects CPO prices to continue their downward momentum this week, trading for CPO futures for Feb delivery to range from RM3,150 to RM3,000 per tonne this week. Meanwhile, demand for US soybean has been surprisingly robu...

Malcom E Polley of Stewart Capital Advisors, gives his take on 3Q GDP, personal income and consumer spending expectations, and how the bailout of Ireland, and possibly Portugal and Spain would impact Eurozone members who have to finance the package. He believes China would be compelled to raise interest rate by the end of the year. See omnystudio.com/listener for privacy information.

Clay Carter, Head of International Equities at Perennial Investment Partners, Sydney, discusses news of a new nuclear reactor in North Korea and how much these developments raise the risk profiles of markets in Asia, Ireland's applying for a bailout from the EU and the IMF and what that says about the Eurozone's problems. He also discusses where he thinks markets will head this week, given China's...

David Taylor of CMC Markets in Sydney says it's difficult to tell if Ireland will accept a bailout package and there's a likelihood it would. The market may also move its attention again to the debt problems in Portugal and Spain. See omnystudio.com/listener for privacy information.

Clay Carter, Head of International Equities at Perennial Investment Partners, Sydney, discusses talk from the US on wanting to close out the Trans-Pacific Partnership by next year’s APEC gathering in Honolulu, reports that Ireland is in discussions on a possible aid package, whether bullish forecasts for retail sales adds to evidence of a more solid U.S. recovery and his prognosis for US eco...

MPOB's Oct 2010 palm oil data showed production, while higher MoM, was below historical trend on a YoY comparison, which hindered sufficient stocks replenishment - which is positive for price. Meanwhile, Oct CPO Production was higher QoQ (up 4.7%). However, the figure was considerably below the historical trend, as evident from the 17.5% decrease YoY. TA Research Analyst James Ratnam explained why...

Malcolm E Polley, President and CIO of Stewart Capital Advisors, believes the market trading will be range bound till the end of the the year. Companies with sales overseas are expected to boost Wall Street. As for sovereign debt risk in Eurozone, he expects Ireland's problems to level off and it will issue new bonds next year. As for replacing the US dollar as the benchmark currenc...

Clay Carter, Head of International Equities at Perennial Investment Partners in Sydney, believes the US dollar will continue to weaken until the US economy shows firmer signs of recovery. The better than expected non-farm payroll and improvements in job losses data last week is not good enough news for the US economy - growth remains below trend, unemployment is still high at 9.6%, and the percent...

Mah Sing Group Bhd has acquired two parcels of freehold land for RM166.5mil which are expected to generate a combined gross development value (GDV) of RM1.2bil. To date, the group had acquired new projects with a combined GDV of RM3.1bil. Maybank IB Research analyst Wong Wei Sum gives her reaction and explains why they're raising Mah Sing's target price from RM2.30 to RM2.48. She also gave her vie...

The tin mining sector has been in the limelight of late after its price hit an all-time high of US$26,900 per tonne on October 14th. Is tin regaining its long-lost luster? Industrial Technology Research Institute's China office Chief Representative Cui Lin expects tin to hit US$30,000 per tonne this year while target price for 2011 is US$40,000 per tonne. Largest tin producer in the world, China's...

Dr Michael A Yoshikami, President and Chief Investment Strategist at YCMNet, discusses the impact of the Fed's prospective quantitative easing this week (QE2). See omnystudio.com/listener for privacy information.