There Are No Quick Picks For Today…
STI gapped down 33.39 points to open at 2821.82. Majority of the shares traded lower as investors fret about the fiscal health of the eurozone and US earnings. It is likely that Singapore market will continue to be volatile and choppy in the coming days over the Euro debt crisis.
Capitaland broke 3.62
Wilmar broke 6.35
Singapore's April's Non-oil Domestic Exports to watch today
Lookout for U.S. Economic News Release For Today: May Empire Manufacturing.
Corporate Announcements
Swiber announced a Letter of Award from an unnamed oil and gas operator. Contract sum ranges between US$17 million to US$27 million.
Sembcorp Marine asked the High Court to rule that the joint venture agreement between itself and PPL Shipyard was no longer in force since 19th April 2010.
NOL announced 1Q10 net loss of US$98 million, versus a loss of US$245 million in 1Q09
SoundGlobal announced 148.1% growth 1Q10 net profit to RMB 45.6 million.
News Updates:
European stocks close sharply lower Friday: Paris off 4.7%; Frankfurt, 3.5%; London, 3.1%?
U.S. stock indexes post first weekly advance since mid-April, despite Friday losses?. The main benchmark for U.S. stocks is down 6.7% from this year's high on April 23 amid concern European measures to avert debt defaults will derail the global recovery
Visa Inc. and MasterCard Inc. slumped more than 8% after a Senate vote to curb debit-card fees. Nvidia Corp. fell the most in a year after its sales forecast fell short of analyst estimates.
Japan April wholesale prices fall 0.2% yoy; Japan March core machinery orders +5.4% mom.
Japanese shares trade sharply lower, with drug companies among the bigger decliners despite Astellas merger news.
No comments:
Post a Comment