Morning Highlights
There Are No Quick Picks For Today
U.S. stocks rallied, with benchmark indexes advancing the most in more than a year, after European policy makers announced a loan package of almost $1 trillion to contain the sovereign-debt crisis.
Singapore Shares also started the day positive with STI up 0.28% at 2888.56.
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Banyan tree broke 0.835
Watch out for these economic data to be released today:
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U.S. March Wholesale Inventories, IBS/TIPP Economic Optimism
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China April CPI, Retails Sales and Industrial Production figures
Corporate Announcements
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Capitaland announced plans to build Raffles City Shenzhen, it’s sixth in China.
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Cosco announced the delivery of two bulk carriers of 57,000 dwt each by its subsidiary.
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Tiger Airways announced strong operating statistics for April 10. Passengers increased 45% yoy, 12-month passenger volume exceeded 5 million for the first time.
News Updates:
- SEC agrees to framework to boost circuit breakers
- Dow’s 405-point gain is biggest since March 2009; Nasdaq closes up 4.8%.
- The Philippine peso opened stronger against the US dollar on Tuesday after Benigno ‘Noynoy’ Aquino established a big lead in the presidential vote count.