04 Mar '13, 12am

MARKET COMMENT: Singapore Shares May See Muted Start;3230 Floor-SIAS: 0031 GMT [Dow Jones] Singapore shares co...

0031 GMT [Dow Jones] Singapore shares could start tepidly as investors hold back amid mixed global macroeconomic signals and ahead of China's key annual parliamentary meeting where observers expect cues on potential reforms from Beijing's new leadership. The STI ended flat Friday, down 0.5 point at 3269.50. "The strong lead from Wall Street last Friday is likely to provide some inspiration to the Asian market this morning. However the discouraging data from Europe coupled with concerns over the U.S. spending cuts and the political deadlock in Italy are likely to weigh on sentiment," says SIAS Research in a note. "For the coming session we expect the STI to remain muted as investors remains cautious in wait of (China's) annual National People's Congress." The house pegs support at 3230 with resistance at the psychological level of 3300. WBL Corp. (W01.SG) is in focus after ...

Full article: http://www.foxbusiness.com/news/2013/03/03/market-comment...

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