SG Market

SG Market: Spore shares are expected to remain pressured despite slightly positive offshore leads; US shares ended a tad higher last Fri, buoyed by strong earnings from internet giant Google while European bank stress test results were better-than-expected. The STI appears trapped in a huge triangle pattern formed since May 10 with resistance at 3150 and support at 3020. For the coming week, the market is expected to be biased downwards amid a lack of positive cues. SIA may be in focus after its June operating data, which show passenger load factor fell 4 ppts on year to 78.8%