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Market Reports

Stay abreast of market movements with the latest reports from our team of investment analysts. 

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  • Fresh reports from our team of investment analysts covering Gold, Oil, Energy and Global Markets
  • Latest updates and analysis on key market movement events and economic news

Market Outlook Q4 2015 - Metals (zh-CN)

Market Outlook Q4 2015 - Metals

At a glance: 

  • Lacklustre demand from China caused by the devalued Chinese Yuan and weak Chinese economic growth
  • Possible US interest rate hikes could cause more bearishness for base metals as the USD should strengthen
  • Copper, Aluminium and Zinc should continue on being bearish without the support of Chinese demand
  • Although lead is facing heavy selling pressures from weak demand, we expect sideways should inventories remain weak
  • Tin is the only metal showing bullishness as a result of possible shortage
  • Nickel could reach 12 year lows if bearishness continues

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Market Outlook Q4 2015 - Energy (zh-CN)

Market Outlook Q4 2015 - Energy

At a glance:

  • Crude oil prices continue to display weakness due to excess supply
  • Adjustments to crude oil supply likely be the highlight Q4 2015 – Iran VS US Production
  • Longer term demand should still be growing, but unlikely to result cover the excess supply by 2016
  • Oil prices are not expected drop further, however, do not expect a recovery in this quarter
  • US natural gas production expected to take a hit from reduction in oil wells
  • Possible weakness in US natural gas inventories as we approach winter
  • Higher natural gas prices expected if inventory levels drop far below 2013

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Market Outlook Q4 2015 - Gold (zh-CN)

Market Outlook Q4 2015 - Gold

At a glance:

  • Gold likely to undergo in Q4, a repeat of Q3.
  • Prospects of a December rate hike may push gold prices down towards $1,080.
  • But the Fed is more dovish than we think, and that lends a lot of support to gold prices in the meantime.
  • Prospects of a currency war in Asia may also hurt gold prices as the USD is bolstered.
  • Overall, we think gold prices could continue languishing above $1,100 in the short term, before sinking to $1,080 by year-end.

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Market Outlook Q4 2015 - Developed Markets (zh-CN)

Market Outlook Q4 2015 - Developed Markets

At a glance:

  • The same uncertainties that plagued Q3 will continue to plague Q4.
  • Markets to continue playing guessing game with the Fed over the timing of the rate hike, introducing volatility into markets as a by-product.
  • We think the Fed may hike rates once in December, but thereafter leave rates unchanged for 6 to 9 months.
  • China remains the wildcard and its continued slowdown will have a negative impact on the global market.
  • The US debt ceiling may return to haunt investors in Q4; Wall Street may take this opportunity to sell equities.
  • With the US and China faltering, the outlook for the Eurozone and Japan is not looking up either.
  • All in all, a testing quarter for stock markets ahead.

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Market Outlook Q4 2015 - China & India (zh-CN)

Market Outlook Q4 2015 - China & India

At a glance:

  1. China’s early boom in 2008 to 2010 was a direct result of its relaxing of credit restrictions, among many external factors.
  2. China is likely now facing diminishing returns on investments; marginal costs of funds are likely increasing.
  3. We don’t expect China to bottom out within the next one to two years.
  4. India on good pace to post growth larger than China’s this year.
  5. India’s implementation of a common goods & services tax will facilitate trade through the country – is one of the lowest-hanging fruits for the Modi administration.
  6. India expected to be resilient in face of a US rate hike.

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Market Outlook Q3 2015 - Energy (zh-CN)

Market Outlook Q3 2015 - Energy

At a glance:

  • Bearish first half for crude prices expected due to pending Iran nuclear negotiations. Provided Iran nuclear negotiations do not scare off oil bulls, we expect bullish outlook for Q3 2015.
  • Seasonal demand is holding up prices and should continue for the whole quarter.
  • Geopolitical tensions from regions like Yemen and Libya are keeping prices up. If tensions ease, we could see some drops to prices.
  • Natural gas prices for the first half of the quarter is going to be determined by how robust inventories are. However, we will see seasonal demand kick in towards the end of the quarter.
  • We expect natural gas prices to stay low at about $2.563 till August. Prices should start to increase till $2.8 when seasonal demand kicks in.

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Market Outlook Q3 2015 - Global Markets (zh-CN)

Market Outlook Q3 2015 - Global Markets

At a glance:

  1. US equities may continue trending sideways in the coming quarter.
  2. We still think the timing for a first rate hike is September, although we do not generally rule out December.
  3. If rate hike does materialize in September, expect some form of selling pressure to be applied on equities one month prior. INTEREST RATES: We now think the US interest rates will be delayed till September from our original forecast of June.
  4. Chinese ‘A’ shares to remain highly volatile –consider taking advantage of volatility to capture intraday profits through A50 futures. EMERGING MARKETS: China liberalizing its financial markets faster than expected; blink and you will miss.
  5. European shares are high-risk-high-return, exercise appropriate caution in dealing with them.
  6. Nikkei 225 was the top performer in Q2 but yen’s artificial ceiling may cap gains on Japanese stocks.
  7. Monetary policies in China may not be enough to halt slide in ‘A’ shares

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Market Outlook Q3 2015 - Gold (zh-CN)

Market Outlook Q3 2015 - Gold

At a glance:

  • Volatile quarter ahead as rate hike and European woes pull prices in opposite directions.

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Market Outlook Q2 2015 - Asia (zh-CN)

Market Outlook Q2 2015 - Asia

Phillip Futures discusses the performance of Financials (Economy, Currencies and Stock Indices) of Asian countries in 2Q 2015. 

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Market Outlook Q2 2015 - Energy (zh-CN)

Market Outlook Q2 2015 - Energy

At a glance:

  • Performance review for Q2 2015
  • Possibility of a reversal in 2Q for Crude Oil
  • Preparing for the next winter begins –Natural Gas’ forecast
  • Energy prices in Q2 2015
  • Conclusion

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