Singapore Exchange (SGX) will hold its first-ever SGX My First Stock Carnival, as part of a campaign to educate new investors and encourage them to start investing. The campaign comprises a fun-filled carnival this weekend (6 to 8 February), digital initiatives including an interactive online tool, the launch of SGX Mobile App as well as a weekly radio programme.
Recent retail investment trends have shown that almost one-third of new retail CDP account holders are under the age of 25. Targeted at NIBIs (Not Invested But Interested) aged 18 – 30 years old, the SGX My First Stock Carnival takes a hands-on, user-friendly approach to educate investors on how to get started on investing. A Resource Centre will be set up at the carnival to provide information and tools for investing, and SGX staff will show participants how to select their first investment. Participants will be given a My First Stock Guidebook to help them learn about investing. Six brokers will also be on hand to help investors open accounts and activate their first transaction, and share about their fee promotions to support smaller board lots.
The ICE U.S. Dollar Index ended the week lower Friday as the gains that followed January payrolls data failed to offset the euro’s strength from earlier in the week.
The euro rallied this week as Greece’s newly elected Finance Minister Yanis Varoufakis dropped his demands for the ECB to write off part of Greece’s €315 billion in foreign debt.
The dollar USDJPY, +1.37% soared to ¥119.17 after the report, its highest level against the Japanese currency in a month. It traded at ¥117.54 late Thursday in New York.
The euro traded EURUSD, -1.41% at $1.1315 after surrendering all of its massive gains from Thursday’s session. The shared currency traded at $1.1467 Thursday evening.
Meanwhile, the pound GBPUSD, -0.55% traded at $1.5248, compared with $1.5322 Thursday.
The dollar index DXY, +1.13% , a measure of the dollar’s strength against a trade-weighted basket of six rival currencies, was up 1% to 94.6980, its highest level in a week.
On Nymex, reformulated gasoline blendstock for March RBH5, +2.64% — the benchmark gasoline contract — rose 2.3% to $1.559 a gallon, ending 5.4% higher for the week. March heating oil HOH5, +2.31% settled at $1.84, up 1.8% for the session to score a weekly gain of 8.1%.
March natural gas NGH15, -1.12% fell by 0.8% to $2.58 per million British thermal units, set to log a loss of 4.2% for the week.
