SG Market

SG Market: Spore shares are likely to open lower, tracking losses on Wall Street after the US jobs report Friday showed the world's largest economy failed to add jobs for the 1st time in almost a year, while the European debt situation remains a concern. Traders see more downside pressure; the STI should start easing further towards the 2800 level with medium-term support is still about 2600, around the 38.2% retracement of the huge rebound from 1455 to 3313. Market hopes now hinge on the US Fed and govt for policy support. Corporate news is thin Monday.