Oil jumps above US$107 as Asia sells off, Fed and BOJ rate decisions now collide with a fresh energy shock Markets are opening the week under renewed pressure. Brent crude has jumped about 3% to above US$107 , Asian equities are falling sharply, and U.S. Treasury yields remain close to 5%. At the same time, investors are preparing for possible rate hikes from both the Federal Reserve and Bank of Japan this week . For investors, the central question has become: Can central banks contain inflation without causing a much larger slowdown when energy prices are surging at the same time? 30-second market snapshot Market / Asset Latest 🇺🇸 S&P 500 7,656.98, +0.86% Friday 🇺🇸 Dow Jones +0.98% Friday 🇺🇸 Nasdaq +0.96% Friday 🇲🇾 FBM KLCI 1,686.74, -1.10% Friday 🇯🇵 Nikkei -1.7% Monday morning 🇰🇷 Kospi -3.3% Monday morning 🌏 MSCI Asia ex-Japan -0.8% 🛢️ Brent crude ~US$107.36, +2.6% 🛢️ WTI crude ~US$102.48, +2.4% 🇺🇸 U.S. 10Y Treasury ~4.97% 🥇 Gold ~US$4,336...
In less than 24 hours, we will be entering the year 2014 and so it is time again for us to reflect on the annual financial goal and how we are doing in terms of achieving the financial goal. I have posted my financial resolution for the year 2013 , in the beginning of the year and for the year 2013, I have set a rather cautious outlook on the global equities - thus, I'm targeting about 10% equities growth and true enough my total local equity growth is about slightly more than 10%, which is within my financial goal target, and in fact it is in almost in line with the local stocks growth. There are some increase in other area especially cash allocation for local equities and the growth in oversea stocks portfolio. Existing housing loan is reduced periodically, while I've finally settled the education loan, PTPTN in order to enjoy the 20% discount . A major purchased done through the end of the year, in which I'm hoping to have it finalized within the first quarter in 201...