SG Market

SG Market: The gravy train seems set to continue for a little while more following Wall Street's smart rebound to its highest levels since 2008 on robust US economic data and signs of progress towards a second bailout for Greece. The STI appears set for another run up towards the key 3000 resistance after getting knocked off its perch yday. But traders will also be watching Spore's budget announcement today for further upside cues. SembMarine may get a boost after landing a US$231m contract to build a jack-up rig for an Austrian company. Peer KS Energy may also rise after securing a $15m rig-building equipment supply contract.