Singapore Stock Market Updates On 01/07/10

Morning Highlights

Singapore stocks opened lower, with STI down 13.54 at 2821.97

Lookout for Economic News Release Today:

1. U.S. June’s ISM Manufacturing
2. Europe PMI Manufacturing for June
3. China PMI Manufacturing for June (The figure is expected to slow further in the month of June amid the European crisis to 53.2 from the 53.9 recorded the previous month)

Corporate Announcements

1. Keppel Corp’s Keppel Integrated Engineering unit has opened a 20 megawatt waste-to-energy plant at Tuas, S’pore. The plant is projected to treat 800 tonnes of solid waste a day. It will operate & maintain the plant for 25 years under a contract awarded by the National Environment Agency.

News Updates:

1. South Korean consumer prices rose by a slower-than-expected 2.6 per cent in June over a year earlier, data showed on Thursday, as the central bank was widely seen preparing to raise interest rates as early as next week.
2. Japanese businesses turned positive for the first time in two years and big firms revised up capital spending plans, a Bank of Japan survey showed, in a sign the export-driven economic recovery is taking hold.
3. U.S. private-sector payrolls rise less-than-forecast 13,000 for June, ADP survey shows
4. Ford to pay down $4 bln in debt to bolster balance sheet
5. U.S. stock gauges tethered near flat line; electric-car maker Tesla extends post-IPO surge
6. U.S. stocks end day down 1%, and close second quarter with 10%-plus losses
7. Yahoo to buy back up to $3 billion in stock
8. Microsoft scrapping its Kin mobile phones after less than two months of sales
9. House of Representatives passes landmark bank-reform bill; Senate remains final hurdle
10. Bank of Japan tankan big manufacturers’ sentiment index improves more than expected to +1

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)