SG Market: Spore shares may ignore Wall Street's negative cue and open higher as players view concerns over worse-than-expected US jobs growth and China's higher-than-expected inflation data as priced-in after the local market ended Mon down 0.9% at 2,960. But any gains will likely be moderate, in line with other regional markets as caution will likely persist. All these disappointments highlight the fact that any global economic recovery won't be happening in a straight line. There will be blips and setbacks along the way. The 3000 level on the STI is likely to remain tough resistance near-term, with 2950 tipped as the support, followed by 2915.
ST Engrg is likely to rise after landing a $880 million contract from Oman's navy. Olam and Noble may be in focus after India said it would not issue fresh cotton-export permits, while GLP continiues to announce more contracts for its China logistics prpoerties.
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