SG Market: Spore shares may open higher tracking gains on Wall Street as market sentiment regains some momentum. However, gains are likely to be limited after 6 straight sessions of gains & lingering worries about euro-zone debt troubles. For the moment, euro zone debt problems, the end of QE2 & a global slowdown will weigh on the market outlook till Jul/Aug.
Capitaland, CapitaMalls Asia & CapitaMall Trust will be in focus on news that they will jointly develop a $1.5b mixed commercial site, including offices and a shopping mall. A break of resistance at 3170 make take the STI to 3200.
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