Morning HighlightsMarket opened slightly lower, with STI at 2948.98. Session is rather quiet, yet choppy…
- FJ Benjamin broke 0.34
- Venture broke 9.27 (new trade opportunity, to buy at 9.41, stop loss at 9.26
- Wilmar broke 6.14
Watch out for Economic News Release Today:
- U.S. June’s Industrial Production, Empire Manufacturing and Philadelphia Fed Manufacturing
- China Consumer Price Index (CPI) numbers for June
- China Real Q2 GDP (China’s GDP up 11.1% in first half, June consumer inflation up less-than-forecast 2.9%)
- Bank of Japan’s Target Rate –expected to be unchanged at 0.10%
Corporate Announcements:
- Cosco Corp has started building a 57,000 DWT bulk carrier for a ship owner from Greece. Its Guangdong shipyard will build the bulk carrier & delivery is expected to be in Nov 2011…
News Updates:
- China’s property prices have continued to slow for a second month in June, according to a report today in the statistic bureau’s newspaper, China Information News. Prices in 70 cities rose 11.4% in June from a year earlier. That compared with 12.8% in April and 12.4% in May.
- Market research group IDC said on Wednesday that worldwide shipments of personal computers climbed 22.4% in the second quarter as businesses replaced ageing computers and consumers continued to show interest in inexpensive laptops.
- Federal Reserve Board chairman Ben Bernanke will deliver his semi-annual report on monetary policy to Congress on July 21, the Senate Banking Committee announced Wednesday.
- U.S. retail sales fall a bigger-than-forecast 0.5% in June; May sales revised to 1.1% drop
- U.S. stocks tilt south at open; Dow industrials dip 30 points
- Fed: Pace of recovery slower than hoped, but no double-dip recession
- FDA panel votes to keep diabetes drug Avandia on the market: report
- Dow’s 7-session win streak is longest since March
- Agricultural Bank of China shares open 2.2% higher in Shanghai trading debut.
- Private home sales down 22% in June
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 | CNFG | China Fishery Group | 2.08 | 1.96 | 2.20 |
Stock Prices last updated at 9:05 (Singapore Time)
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