SG Market: Spore shares may open flat with no direction from Wall Street, amid persisting doubts over the health of the global economy & weak openings on other Asian bourses. Initial resistance for the STI is tipped at 3080, followed by 3110 & support at 3040, then 3020. Noble Group may be in focus after its cash offer for Australian iron miner Territory Resources was unanimously recommended by TR’s board vs rival South African bid.
ST Engrg may come under pressure after receiving a letter of claim from Louis Dreyfus Armateurs an alleged breach of a shipbuilding contract for the French group.
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