STI 3,454 +10 +0.29%
DOW 15,307 -81 -0.52%
S&P 1,655 -14 -0.85%
FTSE 6,840 +36 +0.53%
DAX 8,531 +59 +0.69%
GOLD 1,365 -2 -0.18%
OIL 94.02 -0.26 -0.28%
PRE-HK OPEN -134pts
CREDIT SUISSE GLOBAL RISK APPETITE (EQUITY): -1.11 (21 May 2013)
CREDIT SUISSE GLOBAL RISK APPETITE : 4.60 (21 May 2013)
23 May 2013 08:58
DJ MARKET COMMENT: STI Could Open Lower As Fed Hints At Pullback
0058 GMT [Dow Jones] Singapore's STI could open lower as markets react to Fed Chairman Bernanke's statement the Fed "could take a step down" in the pace of bond-buying. U.S. markets "were certainly spooked about the possibility of an earlier tapering" of Fed bond-buying, writes Phillip Securities analyst Ng Weiwen in an investor note. Ng warns that "a meaningful pull back in equity indices might be on the way. The STI Wednesday climbed 0.3% to 3454.37. On Thursday a positive surprise in Singapore's revised 1Q GDP, posting 1.8% growth, could cushion stocks
23 May 2013 08:44
DJ FX CHAT: S'pore's 1Q Growth Due To Financial Sector-Barclays
Singapore's surprise 1.8% 1Q growth, after an advance estimate of a 1.4% contraction, is due to a "hefty jump" in financial services, says Barclays economist Joey Chew, in part due to robust Asian stock market activity. Finance and insurance grew 10.5% on-year, up from 3.3% growth in 4Q 2012. However, given continued weakness in the global economy, the surge in growth of financials "probably will be a one-off," says Chew, as manufacturing in the city-state continued to struggle with a 6.8% on-year contraction in 1Q. The government maintains it guidance of full-year growth between 1.0% and 3.0%.
23 May 2013 08:13
*DJ Singapore 1Q Non-Oil Domestic Exports Down 12.5% on Year
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