x

Start investing with a
free Kristal.AI account.

icon

Simple. Secure.

*Error message

Weekly Feed Mins Read

Kristal Weekly Feed | 23rd September 2019

Kristal Weekly Feed Banner

All you need to know, in under 1 minute.
Here’s a concise report on what made headlines in the global market last week.

Positives

  • Indian market indices post best single day gain as corporate tax rate is cut to 25%
  • US Manufacturing output rises in August
  • Oil prices post biggest weekly gain in 3 months

Negatives

  • Fed cuts benchmark rate by 25bp
  • Major indices close negative for the week

 

Now, for more detail.

 

Positives

1. Indian market indices post best single day gain as corporate tax rate is cut to 25%

What You Should Know

The government announced on Friday that The effective corporate tax rate for all domestic companies is 25%, lowered from 30%, among Asia’s lowest now. This was welcomed by investors as a boon that may help spur economic growth and company profits as Sensex rose 5.3% on Friday to close above 38,000, the largest single day gain in more than a decade.

What You Should Look Out For

The tax cut will cost the government Rs 1.45 trillion ($20.5 billion) in revenue. It is the latest in a series of measures rolled out in recent weeks aimed at boosting demand and investments after economic growth slowed to a six-year low in the April-June quarter.

Suggested Reading

 

2. US Manufacturing output rises in August

What You Should Know

U.S. manufacturing output increased by 0.6% more than 0.2% increase expected in August, boosted by a surge in machinery and primary metals production, however the outlook for factories remains weak against the backdrop of trade tensions and slowing global economies. Manufacturing production rose 0.6% last month after a 0.4% drop in July.

What You Should Look Out For

Motor vehicles and parts production fell 1% last month after increasing 0.5% in July. Excluding motor vehicles and parts, manufacturing output increased 0.6% in August after falling 0.5% in the prior month. Capacity utilization, a measure of how fully firms are using their resources, increased to 75.7% in August from 75.4% in July.

Suggested Reading 

 

3. Oil prices post biggest weekly gain in 3 months

What You Should Know

Brent Crude Oil prices were lower on Friday but closed at $64.7 a barrel, 6% higher for the week, the largest weekly gain in 3 months after Saudi Arabia revealed the extent of damages from the attacks on oil facilities last weekend. US Oil prices closed at $58.09 a barrel.

What You Should Look Out For

Saudi’s have claimed repair and maintenance works can be done on  oilfield services and damages can be repaired, but the damages appear to be far worse than what can be restored within a matter of a few days. They have said that the production can be restored back to normal by month end.

Suggested Reading 

 

 

Negatives

1. Fed cuts benchmark rate by 25bp

What You Should Know

The Federal bank cut its benchmark overnight lending rate to a target range of 1.75% to 2%. Moreover, the Fed also cut the interest it pays on excess reserves by 30 bp, greater than the funds rate cut, in the midst of a breakdown this week in the overnight repurchase lending market.

What You Should Look Out For

Five members thought the FOMC should have kept the rate stable at its previous range of 2% to 2.25%, whereas five approved of the 25 bp cut but keeping rates there throughout the year, and seven favored at least one more cut this year. The committee now sees GDP rising at a 2.2% pace this year, compared with 2.1% in June.

Suggested Reading

 

2. Major indices close negative for the week

What You Should Know

S&P 500 declined 0.5% whereas Dow Jones declined 0.6% on friday for the first weekly decline in a month. This was after a report that a Chinese delegation had canceled plans to visit farms in Montana as a part of its trade negotiations with the U.S.

What You Should Look Out For

Traders were also on the watch for any effects of “quadruple witching day” on Wall Street, that is the simultaneous quarterly expiration of index futures, stock futures, and options on index futures and individual stocks, that means higher volumes.

Suggested Reading

Disclaimer

The materials and data contained herein are for information only and shall in no event be construed as an offer to purchase or sell or the solicitation of an offer to purchase or sell any securities in any jurisdiction. Kristal Advisors does not make any representation, undertaking, warranty or guarantee as to the update, completeness, correctness, reliability or accuracy of the materials and data herein. All opinions, forecasts or estimation expressed herein are subject to change without prior notice. Kristal Advisors and its affiliates accept no liability or responsibility whatsoever for any direct or consequential loss and/or damages arising out of or in relation to any use of opinions, forecasts, materials and data contained herein or otherwise arising in connection therewith.

Other stories you might like

cross
Change your country to India?

You’re now visiting Kristal.AI Worldwide.
To explore diverse offerings in Indian and global products, select India as your country.

ind

India

hkg

Hong Kong

sgp

Singapore

global

Other
Accredited Investor Declaration

This is offered only to Accredited and Institutional Investors as defined under the Securities and Futures Act, Chapter 289 of Singapore (“Act”), which broadly comprises of regulated financial Institutions, large corporates, high net worth individuals and sophisticated investors.

An Accredited Investor is an individual
  • Whose net personal assets exceed in value SGD 2 million (or it’s equivalent in a foreign currency) with value of his/her primary residence capped at SGD 1 million, or
  • Whose financial assets (net of any related liabilities) exceed in value SGD 1 million (or it’s equivalent in a foreign currency), or
  • Whose income in the preceding 12 months is not less than SGD 300,000 (or it’s equivalent in a foreign currency)

I agree to opt-in as Accredited Investor and will submit required documentation to confirm the same.

< Back Proceed as Private Wealth

Wealth Management Solutions
Accredited Investor Declaration

This is offered only to Accredited and Institutional Investors as defined under the Securities and Futures Act, Chapter 289 of Singapore (“Act”), which broadly comprises of regulated financial Institutions, large corporates, high net worth individuals and sophisticated investors.

An Accredited Investor is an individual
  • Whose net personal assets exceed in value SGD 2 million (or it’s equivalent in a foreign currency) with value of his/her primary residence capped at SGD 1 million, or
  • Whose financial assets (net of any related liabilities) exceed in value SGD 1 million (or it’s equivalent in a foreign currency), or
  • Whose income in the preceding 12 months is not less than SGD 300,000 (or it’s equivalent in a foreign currency)

I agree to opt-in as Accredited Investor and will submit required documentation to confirm the same.

Proceed as Private Wealth

STOCKS

Seamless investing enabled by easy and instant access to a wide range of cross border stocks of acclaimed and high potential companies, handpicked by our expert investment committee.

For investors who desire enhanced returns while co-owning shares of global companies.

*The range of stocks will be made accessible, post login

OVERVIEW

Only the best

A range top performing and high potential stocks carefully selected by our seasoned investment committee

Instant Access

Wide range of global stocks made easily accessible with a single click

Diversity

Companies from varied sectors and fields made available for investment enabling clients to diversify investments and effectively mitigate risks

Innovative

High potential companies leading with disruptive technologies made available to clients enabling them to future proof their investments

THEMATIC STRATEGIES

Enabling clients to invest in trending themes like FAMANGThe FAMANG Kristal invests in Facebook, Apple, Amazon, Netflix and Alphabet’s Google stocks. Assets are carefully chosen by an algorithm in order to deliver a superior returns based on past performance. The strategy is rebalanced every quarter., TECHGlobal Technology ETFs is a genetic algorithmic strategy focussed specifically on the Technology sector., ESGProvides exposure to higher rated environmental, social, and governance (ESG) companies while accessing large- and mid-cap stocks in Europe, Australia, Asia and the Far East., etc. with a single click or just create your own thematic basket.

Future-proof your portfolio and capture emerging investment themes.

*The range of Thematic Strategies will be made accessible, post login

OVERVIEW

Explore and Identify

Select from a range of expertly designed trending and diverse themes

Efficient Execution

Enabling easy exposure to your preferred themes without the hassle and costs of individual security selection and execution

Only the Best

A ready-made collection of Kristals that derive the best of the specific asset class or theme

Unique Mix

An optimised blend of ETFs and individual counters, enhancing efficiency and profitability

Contact our Relationship Manager
ALTERNATIVE INVESTMENTS

Diversify your portfolio with exclusive Private Equity, Pre-IPO deals, VC Funds & other investments like Bitcoin, Gold, Hedge Funds and many more.

Kristal fractionalizes difficult-to-access deals and opportunities.

View Alternative Investments

OVERVIEW

Instant Access

A wide range of alternative asset classes such as Gold, Bitcoins, Hedge Funds and many more; readily made available

Risk Management

Enables investments in diversified assets hence spreading the risk

Easy Tracking

Enables you to get a consolidated view of investments in all assets at one place, hence facilitating easy monitoring and tracking

Exclusive Deals

Access to exclusive Venture Capitalist, Startup as well as pre-IPO investment opportunities

Low Investment Tickets

Facilitates fractionalization of investments in deals

Contact our Relationship Manager
FUNDS PLATFORM

Professionally managed funds with active investment strategies, screened for you by our investment committee to diversify your portfolio.

Enabling clients to access exclusive investment strategies.

View Funds

View Funds

OVERVIEW

Access

Provides Access to Professional Fund Managers

Low Investment Tickets

Facilitates fractionalization of investments in funds

Diversity

A wide spectrum of investment strategies ranging from Arbitrage to Credit to Hedge Funds and many more

Fees

No additional costs are charged by Kristal.AI

Exceptional Performance

Funds with an impressive track record and potential for high profitability

Leverage

Benefits from insights of the expert selection and advisory team

Easy Management

No time consuming management of portfolios

Contact our Relationship Manager
TAILOR-MADE PRODUCTS

Customize products based on your market outlook and specific needs across equities, bonds, gold and more.

For investors looking to enhance portfolio yield based on market views.

*The range of Tailor Made Products will be made accessible, post login

OVERVIEW

Enhanced Earnings

Structures with potential to enhance portfolio yield based on market movements

Customization

Product features can be designed to articulate investor views

Fees

A flat and transparent fee structure like nowhere else

One-Click Access

A single feature ‘Ideas’ enables you to access recently launched and trending market opportunities

Contact our Relationship Manager
BUILD YOUR OWN KRISTAL

Can’t find what you are looking for? Create your own exclusive investment strategy with risk management & periodic reporting.

For seasoned investors who prefer to design their own portfolio.

OVERVIEW

Empowered Investing

Enables clients to create their own custom portfolio based on their unique needs

Unlimited Choice

Access to all possible exchange traded assets

Flexible Management

Flexibility in delegating the portfolio management role to us or actively taking up the day to day investment decisions, in your custom Kristal

Custom Fee Structure

A simple, transparent and a customized fee structure

Access to Expertise

Custom performance reporting as well as advisory support

Contact our Relationship Manager