STI 3,218 -7 -0.22%
DOW 13,384 -51 -0.38%
S&P 1,462 -4 -0.30%
FTSE 6,065 -25 -0.41%
DAX 7,733 -43 -0.56%
GOLD 1,653 +7 +0.41%
OIL 93.26 +0.07 +0.08%
PRE-HK OPEN -24pts

CREDIT SUISSE GLOBAL RISK APPETITE (EQUITY): 1.91 (4 Jan 2013)
CREDIT SUISSE GLOBAL RISK APPETITE : 3.51 (4 Jan 2013)


DJ MARKET TALK: Singapore Shares May See Tepid Open; 3200 Support - OCBC

0054 GMT [Dow Jones] Singapore shares could be in for a sluggish start after Wall Street too enters a consolidation phase ahead of earnings season, and analysts reckon investors may continue taking profit off recent gains. The STI slid 0.2% to 3218.26 on Monday. Jason Hughes, head of premium client management at IG Markets, says "Asian markets are likely to pick up the tab from Western markets softening last night," tipping a flat open for the STI, in line with regional markets. Meanwhile, OCBC Investment Research analyst Carey Wong notes that "the market has done well since mid-November, and with fourth-quarter results coming up--which we don't think will be fantastic--people are quite right to take a little bit of money off the table." Wong tips the STI to find immediate support at 3200, with resistance likely at 3240