SG Market (04 Oct 12)

SG Market: S’pore shares may open slightly firmer, tracking gains on Wall Street where latest data on private-sector payrolls and service-sector activity beat expectations. But it is still early days and traders are anticipating for the more important jobs report this Fri to look for signs if the economy has turned the corner and to see if the momentum could continue with the impact of QE3. Very little news catalysts to drive stocks higher as the govt announces plans to offer dual-class shares to listing companies. That plans come too late for Manchester United which wanted such a facility and ultimately listed in the US but it may attract other international names to list in Singapore. The STI may face resistance near 3080 and find support at 3040. Grim outlook by HP may affect technology stocks like Venture.