Singapore Stock Market Updates On 14/09/10

Morning Highlights

Singapore shares started on a mixed note STI losing 1.14 points to open at 3065.67.

Watch Out For Economic News Today:

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

Corporate Announcements:

1. NOL announced its operating performance for the 4 weeks from 24th July to 20th Aug. Its container shipping volumes increased 13% over the same period last year.
2. Sembcorp Marine's subsidiary has secured major upgrading and repair contracts worth S$110 million.

News Updates:

1. Hewlett-Packard said on Monday it has agreed to buy security software firm ArcSight for US$1.5 billion, the second major acquisition by the US computer giant in the past few weeks.
2. The new regulations, called Basel III, would force banks to more than triple their current reserves and would be phased in from 2013, said a statement issued by the Bank for International Settlements.
3. China's industrial output rose 13.9% year on year in August, compared with 13.4 in July.
4. U.S. budget deficit to hit US$1.3 trillion, the second-highest deficit of all time with one month left in the budget year. Major U.S. stock indexes gain for fourth session, turn positive for 2010.
5. U.S. dollar falls to fresh 15-year low against Japanese yen; now at 83.30.
6. U.S. stocks start the week in rally mode, boosted by M&A and strong Chinese data. Top U.S. indexes trim gains as consumer stocks weaken; Dow industrials up 45 points.
7. The S&P 500 Financials Index had the biggest gain among 10 industries, rising 2.3%. At a meeting in Basel, Switzerland, yesterday, regulators reached a compromise that more than doubles capital requirements for banks, while giving them as long as eight years to comply in full.
8. European Commission said the euro region's economy may grow almost twice as fast as previously forecast this year. GDP in the 16-nation area may increase 1.7% this year instead of a previously projected 0.9%, the Brussels-based commission said in a report published yesterday. In the 27-member EU, GDP may increase 1.8% instead of a previously projected 1 percent, the commission said.
   

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Bullish Stocks (Singapore)

Stock Prices last updated at 09:10 (Singapore Time)