STI 3,185 -9 -0.27%
DOW 15,248 +207 +1.38%
S&P 1,643 +20 +1.26%
FTSE 6,412 +76 +1.20%
DAX 8,255 +156 +1.93%
GOLD 1,384 -32 -2.25%
OIL 96.26 +1.50 +1.58%
PRE-HK OPEN +183pts
CREDIT SUISSE GLOBAL RISK APPETITE (EQUITY): -1.20 (6 Jun 2013)
CREDIT SUISSE GLOBAL RISK APPETITE : 2.22 (6 Jun 2013)
10 Jun 2013 08:48
DJ MARKET COMMENT: S'pore Shares May Start Cautiously; 3180 Floor-SIAS
0048 GMT [Dow Jones] Singapore shares could be in for a cautious start as Asia's recently battered markets find limited relief from U.S. economic data. The STI closed Friday down 0.3% at 3184.72, the lowest close since Dec. 31. "During the U.S. session the better than expected (nonfarm payrolls) data caught markets by surprise which provides some relief from the recent sell off," SIAS Research says in a note; "despite the positive lead, the poor Chinese export data released over the weekend is likely to dampen sentiment resulting in a more cautious opening this morning." The house tips a "neutral" market tone, with the STI likely to consolidate at current levels with support first at 3180, and resistance at 3200.
Sembcorp Industries (
U96.SG) could be in focus after its unit secures a S$299 million waste-management contract, which extends current deals that end this year and in 2014.