Morning Highlights

Singapore Market is  holding up, with STI opens at 2948.74. Most of the Asian Shares dropped as Wall Street’s tepid performance on Thursday and weak U.S. data hobbled demand. .

  • Leader Environment debut IPO open 0.255 vs 0.21

Watch out for Economic News Release Today:

  1. U.S Consumer Price Index (CPI) numbers for June

Corporate Announcements:

  1. Noble Group’s subsidiary Noble Resources Ukraine, has secured a loan of US$24m from the European Bank. The loan will be utilised for investment in grain processing plants in Ukraine.

News Updates:

  1. J.P. Morgan Chase earnings surge after reducing loss reserves by $1.5 billion U.S. data show first-time jobless claims drop more than expected, to 429,000 last week
  2. U.S. stocks start off with modest pullback following Wednesday’s mixed close; U.S. stocks pare losses as closing bell approaches; Dow down 13 points
  3. Senate overrides filibuster threat on bank bill, assuring final passage
  4. Senate passes historic bank-reform law by 60 to 39
  5. BP says cap has halted oil flow in Gulf: report; shares up 7%
  6. Google credits ad sales as profit rises; shares fall 3% in after hours
  7. Google missed Wall Street’s quarterly profit estimates for the first time in two years after a spike in expenses offset a 24% revenue jump, but it vowed to keep investing in new businesses to drive long-term growth.
  8. Goldman Sachs to settle with SEC for $550 million: reports

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 DBSM DBS Group Holdings 14.96 14.50 15.42  

Stock Prices last updated at 9:05 (Singapore Time)

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