Gold Member
Posts: 24638
Liked By: 14428
Joined: 16 Apr 12
Followers:
6
Tipsters Championship:
Player
has not started
|
STI 3,309 +16 +0.48% DOW 14,865 +63 +0.42% S&P 1,593 +5 +0.33% FTSE 6,416 +29 +0.45% DAX 7,872 +61 +0.79% GOLD 1,561 -4 -0.25% OIL 93.41 -0.09 -0.10% PRE-HK OPEN +20pts CREDIT SUISSE GLOBAL RISK APPETITE (EQUITY): -0.62 (10 April 2013) CREDIT SUISSE GLOBAL RISK APPETITE : 2.44 (10 April 2013) 12 Apr 2013 08:47 DJ MARKET COMMENT: S'pore STI May Rise At Open,Trim Gains Later-IG Mkts 0047 GMT [Dow Jones] Singapore's shares may open higher Friday following stronger leads from the Wall Street overnight but gains may taper off later in the day as investors close their positions ahead of the weekend, IG Markets says in a note. The STI closed 0.5% higher at Thursday at 3308.80, its highest close since April 3. However, weaker-than-expected GDP data released earlier may dampen sentiment. The government reports that 1Q GDP unexpectedly contracted 1.4% on a seasonally-adjusted and annualized basis, compared with an 3.3% expansion in the fourth quarter. That was contrary to a Dow Jones poll, which predicted a median 2.5% growth. IG Markets tips 3225 support for the STI. Separately, the Monetary Authority of Singapore keeps its currency policy stance unchanged at its half-yearly monetary policy review, citing balance between containing inflationary pressures and sustainable growth 12 Apr 2013 08:18 DJ FX CHAT: Singapore MAS Stands Pat; 1Q GDP Contracts The Monetary Authority of Singapore Friday keeps its currency policy stance unchanged, as expected by analysts, as the central bank seeks a balance between growth and inflation. "This policy stance is assessed to be appropriate for containing inflationary pressures, anchoring inflation expectations, and facilitating the restructuring of the economy towards sustainable growth," MAS says in its biannual policy statement. Eleven of twelve economists in a Dow Jones Newswires poll had predicted the MAS would keep its current policy unchanged. The central bank lowers its inflation forecast for 2013 to 3.0%-4.0%, from a previous forecast of 3.5% to 4.5%. Separately, the government reports that 1Q GDP unexpectedly contracted 1.4% on a seasonally-adjusted and annualized basis, compared with an 3.3% expansion in the fourth quarter. A Dow Jones poll had predicted a median 2.5% growth.
....
|