Singapore Stock Market Updates On 15/07/10

Morning Highlights

Market opened slightly lower, with STI at 2948.98. Session is rather quiet, yet choppy… 

• FJ Benjamin broke 0.34
• Venture broke 9.27 (new trade opportunity, to buy at 9.41, stop loss at 9.26
• Wilmar broke 6.14

Watch out for Economic News Release Today:

1. U.S. June’s Industrial Production, Empire Manufacturing and Philadelphia Fed Manufacturing
2. China Consumer Price Index (CPI) numbers for June
3. China Real Q2 GDP (China’s GDP up 11.1% in first half, June consumer inflation up less-than-forecast 2.9%‏)
4. Bank of Japan’s Target Rate –expected to be unchanged at 0.10%

Corporate Announcements:

1. Cosco Corp has started building a 57,000 DWT bulk carrier for a ship owner from Greece. Its Guangdong shipyard will build the bulk carrier & delivery is expected to be in Nov 2011…

News Updates:

1. China’s property prices have continued to slow for a second month in June, according to a report today in the statistic bureau’s newspaper, China Information News. Prices in 70 cities rose 11.4% in June from a year earlier. That compared with 12.8% in April and 12.4% in May.
2. Market research group IDC said on Wednesday that worldwide shipments of personal computers climbed 22.4% in the second quarter as businesses replaced ageing computers and consumers continued to show interest in inexpensive laptops.
3. Federal Reserve Board chairman Ben Bernanke will deliver his semi-annual report on monetary policy to Congress on July 21, the Senate Banking Committee announced Wednesday.

4. U.S. retail sales fall a bigger-than-forecast 0.5% in June; May sales revised to 1.1% drop

5. U.S. stocks tilt south at open; Dow industrials dip 30 points

6. Fed: Pace of recovery slower than hoped, but no double-dip recession

7. FDA panel votes to keep diabetes drug Avandia on the market: report

8. Dow’s 7-session win streak is longest since March

9. Agricultural Bank of China shares open 2.2% higher in Shanghai trading debut.

10. Private home sales down 22% in June

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.

Bullish Stocks (Singapore)

Stock Prices last updated at 9:05 (Singapore Time)