SG Market: Spore shares are tipped to open higher amid late-in-the-day progress on a deal in Washington to avert a US debt crisis. Mkts on Wall Street ended lower Fri, but Dow futures are currently around 150 points higher amid news that US Republican leaders have tentatively agreed on a deal to raise the US debt ceiling, pending acceptance from the party's rank-and-file lawmakers.
The local mkt is tipped to react positively, just due to lower uncertainties than previously. STI support eyed at 3200; beyond there, we'll be looking at 3280 resistance, which was the Jan high. Courage Marine may fall after saying it expects to post a net loss for 1H11, compared to a profit yoy.
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