Singapore Stock Market Updates On 01/12/10

There Are No Quick Picks For Today!

Singapore Market inched slightly slower in opening trades, as pressured lower by continued concerns that Ireland’s sovereign debt crisis would spread to other euro zone nations.

Watch Out For Economic News Today

1. China Nov PMI Manufacturing (China PMI up to 55.2 in November vs October’s 54.7)
2. U.S Nov ADP Employment Change
3. U.S Nov ISM Manufacturing

1. Swiber and Rawabi jointly launched a 500 ton Derrick Pipelay Barge with a pipelay capability of up to 60′ diameter and accommodation capacity of 300 men.

News Updates:

1. Bank of America Corp. slumped 3.2%, the most in the Dow, and costs to protect its debt from default climbed to a 16- month high on speculation damaging information about the company will be leaked on the Internet. Julian Assange, founder of the WikiLeaks website, told Forbes that he’ll release documents from a U.S. bank next year and told Computerworld magazine in 2009 that his group had a hard drive from a Bank of America executive’s computer. Credit-default swaps on the bank soared 24.6 basis points to a 16-month high of 220.1, CMA data showed. (Bloomberg)

Quick Picks: Here is a quick pick screen that we have designed to pick out potential stocks, both Bullish and Bearish. These are measured with emphasis on larger changes in price and volume.

Our Mid Terms Holdings : Bullish Stocks (Singapore)

Stock Prices last updated at 10:01 (Singapore Time)