SG Market

SG Market: Spore shares may see a weak start as US Pres Obama’s US$447b fiscal package met with little reaction from regional bourses this morning. With neither the ECB nor the Fed bringing any positive surprises on Thurs, appetite for risk has waned. Investors are also awaiting a slew of Chinese monthly economic indicators today to set the tone for the market. With a lack of local corporate news, market action is expected to be muted with a downside bias. Support for STI is tipped at 2780 with resistance at 2920.