Morning Highlights

Our Current Market Sentiment is neutral but biased towards the downside. Support is seen at 2700 with resistance at 2800, with a decrease in volume traded. This could signify that the selling pressure is less intense than in August, but we do expect market to trade sideways for now.

We remain on the sidelines…

Macro Announcements:

  • Wed 14/09/11: US PPI (Aug), US Retail Sales (Aug)
  • Thu 15/09/11: SG Retail Sales (July), US CPI (Aug), US Industrial Production (Aug), US Initial Jobless Claims
  • Fri 16/09/11: SG Non-oil Domestic Exports (Aug), US U. of Michigan Confidence (Sep)

Corporate Announcements:

  1. Keppel Corp has secured a contract worth S$143 million to build a heavy lift sheerleg crane vessel for Asian Lift Pte Ltd.