Wednesday, May 19, 2010

Market Daily -- 19th May 10

6.  Ex-Fed Mishkin: Fed Shouldn't Wait Until It Tightens Before Exiting Mortgage Market
 Ex-Fed Mishkin: Exiting Mortage Mkt Should Be Part Of Fed's Tightening Process
Ex-Fed Mishkin: Fed Will Need To Tighten Fast When It Tightens 
Ex-Fed Mishkin: Europe Fiscal Challenges Worse Than US Fiscal Challenges
Ex-Fed Mishkin: Fiscal Irresponsibility In Europe Could Drive Inflation
Ex-Fed Mishkin: ECB Purchase Of Sovereign Debt Is Very Dangerous 

5.  Yanlord Target Cut To S$1.59 Vs S$2.30 By Goldman Sachs

4.  Wilmar Target Cut To S$7.85 From S$8.40 By CIMB

3. CapitaMalls Asia Started At Hold, S$2.30 Target By Citigroup

2. Wilmar Target Cut To S$5.70 From S$6.88 By Credit Suisse

1. WALL STREET: Stocks fell broadly as jitters intensified over Europe's ability to control debt crisis. Drop came as euro fell to 4-year low on continued concerns over whether EU bailout plan announced last week enough to contain sovereign-debt woes in euro zone. Helping exacerbate concerns, Germany's finance ministry said country would ban naked short-selling of shares in 10 leading German financial institutions, euro government bonds.  Dow fell 1.1%, Nasdaq down 1.6%