Morning Highlights

Singapore stocks edged higher in opening trades, with STI up 13.24 points to open at 3035.52. Most of the other Asian stock markets are also getting a lift from China data released over the weekend that indicated a pick up in activity in that key economy.

Watch Out For Economic News Release Tomorrow:

  1. U.S August Advance Retail Sales
  2. U.S IBD/TIPP September Economic Optimism

Corporate Announcements:

  1. Capitaland dissolved two dormant subsidiaries, Birchvest Investment Pte. Ltd. and Malachite Land Pte. Ltd.

News Updates:

  1. U.S. jobless-benefits claims decline by 27,000
  2. U.S. stocks open higher after jobless-claims drop; Dow industrials turn positive for 2010
  3. U.S. stocks end higher, with gains pared on potential Deutsche Bank stock sale; Dow up 28
  4. Bradenton, Fla.-based Horizon Bank becomes 119th U.S. bank failure of 2010.
  5. Former Federal Reserve Chairman Paul Volcker said global economic imbalances need to be corrected if a worldwide recovery is to be sustained. While the U.S. and European economies may take years to rebound fully from the recession, some emerging nations such as China are experiencing “remarkable” growth, Volcker, an economic adviser to President Barack Obama, said today at a conference in Calgary

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)

 

Symbol

Name

Entry

SL

TSL

TP

Remarks
1 FCRT Frasers Centerpoint Trust 1.51 1.40 1.62
2 SPGP Super Group Ltd 1.11 1.00 1.22
3 GENH.SI Genting Hong Kong Ltd 0.47 0.395 0.545  
4 HISH Hisaka Holdings 0.36 0.305 0.415 CANCELLED

Stock Prices last updated at 09:00 (Singapore Time)

Quick Look At U.S. Market (Souce: MF Global)

Market gains as economic outlook brightens –The Dow and S&P 500 closed the week with their seventh gain in eight sessions in a turnaround period for stocks that has seen investors’ worst fears about the economy start to dissipate. But the gains were made on the second lightest trading volume of the year so far. The S&P 500 has rallied nearly 6% since the end of August, a month when shares skidded as investors worried that the economy was headed back into recession. The gradual improvement in economic data continued on Friday as U.S. wholesale inventories surged by the largest amount in two years in July…

IyQRGFsFOrY