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Monthly Archives: Jun 2016

Equity markets rebound for a second day

By Margaret Yang, CMC Markets Equities - Risk premium continues to unwind on hopes that central banks will adopt accommodative monetary policies amid Brexit uncertainties. Global equity markets rebounded for a second day, led by European markets. The Singapore market is recovering its post-Brexit losses, with defensive sectors outperforming. Singtel – Singapore’s largest telecom service company – has soared to …

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Why I support a Second Referendum

By Tan Wah Piow Britain is split - between social classes, regions and age groups. For the under-25s, the majority of whom who voted for Remain, felt betrayed by the over-60s, the majority of whom were for Leave. As one young under-graduate wrote "my generation is now denied the right to live and work in 27 other countries". The overwhelming majority …

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Thoughts on the “RETURN MY CPF!” movement

By Chris Kuan If the government abolish the minimum sum and return your CPF. then what? More to the point what are you going to do to receive a stream of income when you are retired? I am not sure those who shouted RETURN MY CPF the loudest know or bother to find out. The more astute would answer "you …

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Markets stabilise following two days of selling

By Margaret Yang, CMC Markets Equity markets embraced the first rebound on Tuesday after two days of selling. The FTSE 100 and DAX indices both opened higher, finishing the day with 2.64% and 1.93% gains respectively. Sterling has also rebounded mildly from a 30-year-low. Is this a good ‘buy’ opportunity, or a chance to double the shorts? The market has …

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No real attempt to change the status quo by Singapore at UN UPR

By Ghui The Universal Periodic Review (UPR) of Singapore by the United Nations (UN) Human Rights Council has raised some disturbing issues in Singapore. From the continued use of the death penalty to the dismal fact that our country still retains homosexuality as a crime on the statute books, it is concerning that there are appears to be no real …

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Market enters cautious mood as Sterling opens lower

By Margaret Yang, CMC Markets We have seen extreme volatility on last Friday, as the results showed that majority of the Britons vote for ‘leave’ on EU membership in the referendum – a big surprise to the market. Huge amount of expectations were seen unwinding and the volatility quickly spread over to the global equities market. The S&P index future …

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Singapore’s stance at UPR is a disturbing indication of its unwillingness to work with international human rights processes.

This is the following oral statement delivered by Sayoni in person at the 32nd regular session of the UN Human Rights Council. Mr Vice President, Forum Asia, ASEAN SOGIE Caucus, ALMOS and Sayoni makes this statement on behalf of the LGBT community in Singapore. We are alarmed that Singapore has rejected nearly half of the 236 recommendations it received. This …

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Sterling tumbled ahead of the final countdown

By Margaret Yang, CMC Markets FX – Now is the time of the extreme volatility. Sterling tumbled nearly 1000 pips, or 6.5% early this morning, to the 1.41 area from the 1.50 area, as the early votes show the exit side in the lead in the UK’s referendum on EU membership. Although it is still too early to jump to …

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