Singapore: SG shares likely to open stronger after Wall Street rose on a significantly better-than-expected US employment report. Thur, the benchmark STI gained 0.4% to close at 3125.87. Index is around 0.4% lower for the wk so far, consolidating last wk's strong gains, but with outlook for US improving and China tightening worries on the backburner after PBOC's rate hike Wednesday, we may now see a stronger upmove ……
Traders tipped that more healthy employment outlook in US is likely to give investors further confidence over state of the global recovery. STI resistance tipped at 3160, with support at 3100, then 3080. Beleaguered carrier Tiger Airways may remain in focus after it says The Capital Group has pared down its stake in firm to 5.93% from 7.97%, which may further damage sentiment towards the carrier.
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