Market Daily -- 17th May 12

6. Sembcorp Marine: Unit Secures Contracts Totaling S$130 Mln

5. CapitaLand: Chongqing Chao Tien Men JV 'Progressing As Planned'
CapitaLand: Chongqing Party Chief Expressed Support For Chao Tien Men Project
CapitaLand: Working Closely With Chongqing Government To Implement Chao Tien Men Project

4. Singapore Apr Non-Oil Exports +8.3% On Year; +5.2% Expected
 Singapore Apr Non-Oil Exports +13.1% Adj On Month; +6.8% Expected
 Singapore Apr Electronics Exports +1.0% On Year
Singapore Apr Non-Electronics Exports +12.2% On Year
Singapore Apr Pharmaceutical Exports +38.4% On Year

3. Singapore Revised 1Q GDP +10.0% Adj On Quarter, Annualized Vs +9.9% Earlier Estim
 Singapore Revised 1Q GDP +1.6% On Year Vs +1.6% Earlier Estimate
Singapore Govt Maintains 2012 GDP Forecast Of 1.0%-3.0%
Singapore Govt Keeps 2012 Non-Oil Domestic Exports Growth Forecast Of 3.0%-5.0%
Singapore Govt: Recovery In Global Economy Remains Fragile 
Singapore Govt: Expect Euro Zone Economies To Remain Weak
Singapore Govt: Can't Rule Out Disorderly Sovereign Debt Default In Euro Zone 
Any Europe Debt Default To Hurt Singapore's Externally Oriented Industries-Govt

2. Singapore Ministry Official: Euro Zone Demand Likely To Remain Sluggish
 Singapore Ministry: Asia Economic Outlook Remains Subdued
Singapore Ministry: Financial Market Stress Has Increased On Greece Crisis 
Singapore MAS Exec: Inflation To Remain Elevated, Tail Off In 2H
Singapore MAS Exec: Monetary Stance Remains Appropriate 

1. The Dow Jones industrial average .DJI dropped 33.45 points, or 0.26 percent, to 12,598.55. The Standard & Poor's 500 Index .SPX dropped 5.86 points, or 0.44 percent, to 1,324.80. The Nasdaq Composite Index .IXIC dropped 19.72 points, or 0.68 percent, to 2,874.04