SG Market

SG Market: Spore shares are expected to be range-bound with high intraday volatility following a bumpy ride on Wall Street as investors await the keynote speech by Fed chairman Ben Bernanke at an annual central bank conference this Fri. Speculation is widespread in financial markets that Benanke will announce a new monetary stimulus or QE3 but unlikely to be as ambitious as last year. There is still a feel that policy makers are working on borrowed time here with investors still wanting to unwind any stale positions still out there. STI is expected to trade in a 2720-2800 range. NOL will be in focus after releasing weak operating numbers while FJBen posted a good set of results.