Monday, April 6, 2009

Market Daily -- 6th Apr 09

6. Sembcorp Marine Unit Gets Rig Order From SeaDragon Offshore Unit

5. Macquarie Cuts Wilmar To Neutral; S$3.00 Target

4. JPM Cuts Cosco To Underweight; S$0.75 Target

3. MS Cuts SembMarine To Underweight; S$1.40 Target

2. Singapore Exchange Target Raised To S$6.50 Vs S$6.00 By UBS

1. WALL STREET: Stocks rose allowing Dow to cap best 4-week winning streak since 1933 as investors continued bet on economic rebound, despite grim jobs data. Unemployment rate in March at 8.5%, highest since 1983, yet markets acted as if economic recovery in the works. Dow +0.5%, Nasdaq +1.2%