Singapore Stock Market Updates On 13/12/10

There Are No Quick Picks For Today!

Singapore market traded flat in the morning session, with STI opened at 3182.38.  Nonetheless, overall sentiment in the region was helped by Wall Street's gains Friday as optimistic data was released.  

Watch Out For Economic News Tomorrow

1. U.S Advance Retail Sales (Nov)

1. Cosco announced it has delivered a bulk carrier of 80,000 dwt to its European buyer.

News Updates:

1. Confidence among U.S. consumers increased more than forecast in December to the highest level in six months at the same time Americans began stepping up holiday spending. The Thomson Reuters/University of Michigan preliminary index of consumer sentiment rose to 74.2 from 71.6 at the end of November. Economists projected a December reading of 72.5, according to the median estimate in a Bloomberg News survey.
2. U.S. trade deficit shrank 13% to $38.7 billion.
3. China’s Consumer Price Index in November jumped 5.1% from a year-earlier to hit the highest level in more than two years.
4. China’s Producer Price Index also climbed by a faster-than-expected 6.1% from the year-ago period.
5. China’s Monthly Industrial Production jumped 13.3% and retail sales accelerated 18.7%, while urban fixed asset investment for the first 11 months of the year rose 24.9% from the corresponding period of 2009.
6. People’s Bank of China raised banks’ reserve rate requirements by half-a-percentage point

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. <The Quick Picks referred herein contain overnight positions from Last Week>

Our Mid Terms Holdings : Bullish Stocks (Singapore)

Stock Prices last updated at 11:59 (Singapore Time)