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Impact of Trump Attack on Syria on STI and Gold

The news was shocking to me and I bet it was shocking to the world as well. Trump has ordered a missile strike on Syria Thursday. I read on Bloomberg that his move has shaken world markets.

U.S. stock index futures slump after his action. Global oil prices jumped more than 2% on Friday on news the U.S. launched a cruise missile attack on Syria.

The missile attack does not seem to have much impact on Singapore stock market. As you can see from the chart below, the Straits Times Index still gained 0.05% which proves that the stock market can be irrational.

Trump’s action seems to have a significant impact on gold prices. As you can see from the chart I gotten from Bullion Star’s website, there was a significant spike in gold price. This proves that everyone still thinks gold is a safe haven in times of uncertainty such as a war outbreak.

 

Get Up to S$210 Takashimaya Gift Vouchers with POSB or DBS Credit Cards

I received the following mailer from DBS. It says that from now till 31st May 2017, you can receive up to S$210 Takashimaya Gift Vouchers with a minimum spend of S$2,800 each calendar month on your DBS or POSB credit card.

I am not sure if the promotion is exclusive only to me or everyone. However, I doubt I will be eligible for the promotion as unlikely I will spend S$2,800 a month. Thus, I will not be signing up for the promotion.

Promotion Period Minimum Spend Requirement Total retail purchases and cash withdrawals Takashimaya Gift Vouchers worth of
1 – 31 March 2017 S$2,800 S$2,805 S$70
1- 30 April 2017 S$2,800 S$2,800 S$70
1 – 31 May 2017 S$2,800 S$3,000 S$70
Total Takashimaya Gift Vouchers worth of S$210

Sign up now by sending an SMS to 76060 rebate<space>Mar3<space>your NRIC or Passport Number to register for the promotion.

My Sweet Retirement Wishes You a Happy Chinese New Year!

Dear readers and fellow financial bloggers,

The festive season is here again. The year 2017 is the year of the Golden Rooster. Towards the end of January 2017, several REITs have concluded their FY2016 financial results. Most of them have barely achieve an increase in annual distribution per unit (“DPU”). Capitamall Trust, Soilbuild, Keppel REIT all have reported a fall in DPU. From these results, we can sense the economic downturn impacting REITs.

Trump just took office in January 2017 and it is uncertain how his policies may impact global markets. I am not expecting exceptional gains from the REITs I am holding but hope that they can be resilient in current turbulent times. Perhaps there can be some bottom fishing in 2017.

With this, I wish everyone a

Prosperous Happy Chinese New Year!

祝大家新年快乐, 吉祥如意

Best Regards

My Sweet Retirement

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