So far there is no Raya and NDP rally. There are several dark clouds looming in the horizon. Breakouts in US and Hang Seng, including Straits Times has failed or in the verge of failing. A lot of warning signals are being seen throughout the chart potentially telling the investors to be extremely cautious. And this is where a lot of traders will be salivating. Just like a lioness waiting by the bush looking for its prey (lion don’t hunt). How will that affect banks such as DBS, OCBC and UOB which has been pulling Straits Times higher?
Find out what it is in this week video edition.
BBC News – Business- The billionaires fuelling a space raceJeff Bezos, Sir Richard Branson and Elon Musk are among a number of entrepreneurs with galactic ambitions.
- K-beauty: The rise of Korean make-up in the WestA revolution in Korean beauty trends has come to the UK, but why does it appeal so much to millennials?
- 'How could I find £3,000 to pay for my mum's funeral?'With the average cost of a funeral on the rise, a growing number of people are looking for cheaper alternatives.
- Online sellers 'pay for positive reviews'A Which? investigator was hired to write high-rated reviews online in return for free goods.
- Worries among tenants over deposit returnA survey says nearly a fifth of private tenants have waited more than three months to get a deposit back.
- Facebook hires former deputy PM Sir Nick CleggThe former Liberal Democrat leader will head Facebook's global affairs and communications team.
- How the petrol and diesel ban will workA ban on sales of new petrol and diesel cars should be brought forward by eight years to 2032, MPs say.
- Persimmon boss refuses to answer questions about £75m bonusThe boss of housebuilding firm Persimmon tells the BBC he'd "rather not talk about" his £75m bonus.
- Plastic recycling firms accused of abusing marketThe Environment Agency is probing claims exporters are abusing the recycled plastics market.
- Government borrowing in September lowest since 2007The drop may give Chancellor Philip Hammond room for manoeuvre in the upcoming Budget on 29 October.
- The billionaires fuelling a space race
- Reuters: Business News
- MUFG says bank's CEO will not attend Saudi conferenceThe CEO of Mitsubishi UFJ Financial Group's banking arm will not attend the Future Investment Initiative conference in Saudi Arabia, the group said on Sunday, joining a growing list of business executives to withdraw over concern about the death of journalist Jamal Khashoggi.
- Audi's electric SUV faces four-week delay because of software bugAudi's first electric sport utility vehicle (SUV) will hit showrooms four weeks later than planned because of a software development issue, a spokesman for the German luxury car brand said on Sunday.
- China says must balance stable growth and risk preventionChina must balance the need for stable growth while managing risks and maintain a prudent and neutral monetary policy, the State Council, the country's cabinet, said on Sunday following a meeting of top economic and financial policymakers.
- Exclusive: CrowdStrike hires Goldman Sachs to lead IPO - sources(This October 19 story corrects penultimate paragraph to show that Tenable shares have gained, not declined, since the company's IPO)
- Google to charge Android partners up to $40 per device for apps: source(This Oct. 19 story has been refiled to fix wording in fourth paragraph)
- UBS warns staff over China travel after banker held in Beijing: sourceSwiss bank UBS Group AG. has asked its China wealth management staff to reconsider their travel plans to the country after authorities there asked one of its bankers to delay her departure from Beijing to meet with local officials, a person familiar with the matter said.
- With market on edge, investors look to tech trioThe pressure is on for Amazon, Alphabet and Microsoft as they prepare to report quarterly results at a time when confidence in those market leaders looks increasingly fragile and in danger of derailing Wall Street's rally.
- Fed's Kaplan sees two-three more rate hikes to hit 'neutral' levelAnother two to three interest rate increases from the Federal Reserve will likely put U.S. borrowing costs in "neutral" territory where it is neither stimulating nor restricting economic growth, Dallas Federal Reserve President Robert Kaplan said on Friday.
- Frustrated GM investors ask what more CEO Barra can doGeneral Motors Co Chief Executive Mary Barra has transformed the No. 1 U.S. automaker in her almost five years in charge, but that is still not enough to satisfy investors.
- Apple CEO urges Bloomberg to retract spy chip storyApple Inc Chief Executive Tim Cook on Friday told an online news website that Bloomberg should retract a story that claimed Apple's internal computer systems had been infiltrated by malicious computer chips inserted by Chinese intelligence agents.
- MUFG says bank's CEO will not attend Saudi conference