Wed Jan 4, 2012 7:23pm EST
SINGAPORE, Jan 5 (Reuters) - Singapore shares may open
lower on Thursday after data showed further contraction in the
city-state's manufacturing sector and as euro zone concerns
persisted, with tight credit markets making it expensive for
banks to raise capital and for countries to refinance debt.
Singapore's manufacturing sector contracted for a sixth
straight month in December as orders continued to shrink, a
business survey showed on Wednesday, lending weight to fears the
economy could sink into a recession.
Singapore Exchange, Asia's second-largest listed
bourse operator, may be in focus after announcing its securities
turnover in December fell 41 percent from a year earlier to S$17
billion ($13.2 billion), while securities daily average value
was 36 percent lower at S$794 million.
----------------------MARKET SNAPSHOT @ 0000 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 1277.3 0.02% 0.240
USD/JPY 76.72 0.01% 0.010
10-YR US TSY YLD 1.9771 -- -0.007
SPOT GOLD 1611.19 0.04% 0.590
US CRUDE 103.15 -0.07% -0.070
DOW JONES 12418.42 0.17% 21.04
ASIA ADRS 117.00 -0.01% -0.01
-------------------------------------------------------------
> Wall St flat as market brushes off Europe concerns
> U.S. bond prices fall as economy hopes cut safety bid
> Euro hit on crosses, French bond sale in focus
> Gold rises with oil, breaks ranks with euro
> Oil gains a second day on Iran sanction agreement
Stocks and factors to watch:
-- IEV HOLDINGS
- Singapore engineering and clean energy firm IEV Holdings
said on Wednesday its subsidiary had secured a further 24-month
renewal of a gas sales and purchase agreement with Indonesian
packaged food producer PT Indofood CBP Sukses Makmur Tbk
.
Under the agreement, PT Indofood will buy around 450,000
million metric British thermal units of compressed natural gas
from IEV over a 24-month period from December 2011.
-- SINO GRANDNESS FOOD INDUSTRY GROUP
- Singapore-listed Sino Grandness said on Wednesday it plans
to double its annual output capacity for bottled juices to
around 140,000 tonnes from 70,000 tonnes. The firm aims to raise
its beverage segment net profit to 140 million yuan ($22.2
million) in 2012 fiscal year from 70 million yuan in 2011.
-- FORTUNE REAL ESTATE INVESTMENT TRUST
- Fortune REIT is seeking a HK$1.4 billion ($180.2 million
three-year syndicated loan to acquire two retail properties in
Hong Kong, namely Belvedere Garden and Provident Centre, sources
told Thomson Reuters Basis Point.
- Singapore's benchmark Straits Times Index rose
0.84 percent on Wednesday to 2,711.02 points.
- The Dow Jones industrial average gained 0.17
percent to 12,418.42. The Standard & Poor's 500 Index
edged 0.02 percent higher to 1,277.30. The Nasdaq Composite
Index was 0.01 percent lower at 2,648.36.
ASIA-PACIFIC STOCK MARKETS:
Japan S.Korea China
Hong Kong Taiwan SE Asia
Australia/NZ India
OTHER MARKETS:
Wall Street Gold Currency
Eurostocks Oil JP bonds
ADR Report LME metals US bonds
STOCKS NEWS US, Europe, Asia:
DIARIES & DATA:
IPO diary & data
U.S. earnings diary
Singapore diary
Eurostocks Week Ahead
Asia earnings diary
European diary
Wall Street Week Ahead
TOP NEWS:
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A multimedia version of Reuters Top News is available at:
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LIVE PRICES & DATA:
World Stocks Currency rates
Dow Jones/NASDAQ Nikkei
FTSE 100 Debt
(Local currency) LME price overview
($1 = 1.2878 Singapore dollars)
($1 = 6.2946 Chinese yuan)
($1 = 7.7678 Hong Kong dollars)
(Reporting by Eveline Danubrata; Editing by Ed Lane)
