Morning Highlights

There Are No Quick Picks For Today

Singapore Market started weak in the first few minutes of trading, with STI down 15.28 points to open at 2737.32…

  • Singapore will be releasing its May PMI tomorrow.

Lookout for Economic News Release For Today:

  1. China May PMI Manufacturing numbers
  2. Euro-zone April’s Unemployment Rate
  3. U.S. May’s ISM Manufacturing and Dallas Fed Manufacturing Activity

Corporate Announcements

  1. Keppel has despatched the Introductory Document for the listing of K-Green Trust on the Main Board of SGX, in respect of the proposed distribution in specie of units in K-Green Trust.
  2. Midas’s joint venture company was awarded a RMB 1.14bn contract by the Shanghai Rail Transport Line 13 Development Co.

News Updates:

  1. South Korea’s Consumer Price Index rose a slower than expected 2.7% in May from a year earlier, but picked up from a 2.6% rise in April; May exports beat forecast, up 41.9% yoy
  2. South Korea’s manufacturing sector maintained expansion in May but the pace hit a five-month low, while prices of manufactured goods rose by the fastest pace in 18 months, a private survey showed on Tuesday.
  3. GM to invest US$384.6 million more in Brazil factories.
  4. ECB warns of more bank loan losses, ups bond purchases.

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