China's bank policy, Hong Kong property tightening measures, Ireland debt woes

There are talks about three main issues that all investors should know over the weekend. I will try my best to summarize them which will give you a better head start to this week's market movement. Below information are from Bloomberg and CNBC.
Europe debt woes continued when Ireland uncover the need of a bailout package to rescue itself and the rest of the banks. Fortunately, they received financial assistance and US futures gained as a result of the announcement.
Irish Prime Minister Brian Cowen said on Nov. 21 in Dublin that he expects talks on the details of financial assistance for Ireland to be completed in the "next few weeks." Finance Minister Brian Lenihan said the loan will be less than 100 billion euros ($137 billion). He declined to give further details at a press conference in Dublin.
The Bank of China has increased the required reserve ratio by 50 basis points and till date, the required reserve ratio has hit a record high of 18.5%. This move is an attempt to control credit issuance and money in the financial system. As a result, China stocks was badly hit over the past few days.
Hong Kong has increased the stamp duty to 10% for properties resold within 6-12 months and 5% for properties resold with 12-24 months. Deposits increased from 40% for homes costing HK$12 million or more and 30% for those within HK$8-12 million. Officials has also stopped stop offering residency to foreigners in the city area and will increase the land supply to curb the current property speculation. Hong Kong Property Index fell 7.6% since Nov 8th.
Developers and property counters in Singapore stock market has also dipped, in reaction to the release of the Hong Kong property measures. In a report by Credit Suisse, the lower end segment of the housing market was indeed(Singapore), affected by the recent rounds of government measures to curb the property speculation. Price increase for private non-landed homes has also soften with the gradual increase of housing supply
STI still exhibits a bullish wedge pattern. CIMB holds support at 3155, next level at 3000. Technical indicators shows correction mode as investors worry about the China Bank Lending policies and property curbs in Singapore.

DBS: We maintain technical view for STI to attain 3438 by 1Q11. Near term support levels at 3200 (23.6% downward retracement) and a firmer at 3125 (38.2% downward retracement). Post 3Q10 results, our analysts have revised up earnings in FY10 and FY11 for our basket of stocks by only 1% each year. Earnings growth for FY10F and FY11F is now 21.2% and 12.4% respectively. Earnings upgrades were seen in Consumer Services, Industrial and Banks while Oil & Gas, Consumer Goods and Telecommunications suffered the steepest cut in earnings.

There are talks about three main issues that all investors should know over the weekend. I will try my best to summarize them which will give you a better head start to this week's market movement. Below information are from Bloomberg and CNBC.
Europe debt woes continued when Ireland uncover the need of a bailout package to rescue itself and the rest of the banks. Fortunately, they received financial assistance and US futures gained as a result of the announcement.
Irish Prime Minister Brian Cowen said on Nov. 21 in Dublin that he expects talks on the details of financial assistance for Ireland to be completed in the "next few weeks." Finance Minister Brian Lenihan said the loan will be less than 100 billion euros ($137 billion). He declined to give further details at a press conference in Dublin.
The Bank of China has increased the required reserve ratio by 50 basis points and till date, the required reserve ratio has hit a record high of 18.5%. This move is an attempt to control credit issuance and money in the financial system. As a result, China stocks was badly hit over the past few days.
Hong Kong has increased the stamp duty to 10% for properties resold within 6-12 months and 5% for properties resold with 12-24 months. Deposits increased from 40% for homes costing HK$12 million or more and 30% for those within HK$8-12 million. Officials has also stopped stop offering residency to foreigners in the city area and will increase the land supply to curb the current property speculation. Hong Kong Property Index fell 7.6% since Nov 8th.
Developers and property counters in Singapore stock market has also dipped, in reaction to the release of the Hong Kong property measures. In a report by Credit Suisse, the lower end segment of the housing market was indeed(Singapore), affected by the recent rounds of government measures to curb the property speculation. Price increase for private non-landed homes has also soften with the gradual increase of housing supply
STI still exhibits a bullish wedge pattern. CIMB holds support at 3155, next level at 3000. Technical indicators shows correction mode as investors worry about the China Bank Lending policies and property curbs in Singapore.