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.

  • Banyan tree broke 0.835

Watch out for these economic data to be released today:

  • U.S. March Wholesale Inventories, IBS/TIPP Economic Optimism
  • China April CPI, Retails Sales and Industrial Production figures

Corporate Announcements

  1. Capitaland announced plans to build Raffles City Shenzhen, it’s sixth in China.
  2. Cosco announced the delivery of two bulk carriers of 57,000 dwt each by its subsidiary.
  3. 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:

  1. SEC agrees to framework to boost circuit breakers‏
  2. Dow’s 405-point gain is biggest since March 2009; Nasdaq closes up 4.8%.
  3. The Philippine peso opened stronger against the US dollar on Tuesday after Benigno ‘Noynoy’ Aquino established a big lead in the presidential vote count.