Wednesday, March 16, 2011

Market Daily -- 16th Mar 11

8. ASX Has "Enormous Task" To Convince Parliament Of SGX Deal-Lawmaker
ASX-SGX Deal Needs Compromises For Political Support-Lawmaker

7.  S&P: Asian Central Banks Likely To Keep Raising Interest Rates In 2011
 S&P: Asian Capital Flows Have Potential To Fuel Asset Bubbles
 S&P: Econ Growth Rates To Mostly Moderate Slightly From 2011
 S&P: Asian Credit Outlook Fairly Robust, But Some Stresses
 S&P: China, HK, India, Singapore Property Markets See Increased Risk Of Bubbles
 S&P: Asia's Biggest Challenge This Year Is To Tame Inflation
 S&P: Inflation Still Not Under Control In Most Of Asia's Economies
 S&P: Don't Expect Asian Inflation To Spiral Out Of Control
 S&P: Asian Economic Hard Landing Is Unlikely
S&P: Indian Inflation Likely To Stay Above Central Bank's Comfort Level 
S&P: Inflation Could Overshoot Our Forecasts In China, India, Indonesia, Vietnam
S&P: Asian Central Banks May Consider Capital Control Measures 
S&P: RBA Likely To Go Slow Hiking Interest Rates Further
S&P: China Economic Expansion Likely To Slow In 2011, Cool Regional Growth 
S&P Forecasts China GDP +9.1%-9.6% In 2011, CPI 4.3%-4.8%
S&P: A Few Asian Economies May Already Be Running At Full Capacity 
S&P: Forecast India GDP 8.0%-8.5% In 2011, CPI 7.0%-7.5%
S&P: Forecast Indonesia GDP 5.9%-6.4% 2011, CPI 6.3%-6.8%
S&P: Forecast Korea GDP 4.3%-4.8% In 2011, CPI 3.0%-3.5%
S&P: Forecast Australia GDP 2.5%-3.0% In 2011, CPI 2.6%-3.1%
S&P: Expect Asian Interest Rates To Remain Low Overall In Real Terms
S&P: Possibility Of Further RBI Tightening In Near Term 
S&P: Don't See Significant Negative Impact On Japan Economy In 2011, 2012 Due To Quake
S&P: Cost To Japan Government Probably Much Higher Than For Kobe Earthquake 

6. Fraser And Neave: Seek To Raise S$300 Mln Via 5-Yr, 7-Yr Bond Offer

5. Singapore Airlines Target Price Cut To S$14.00 Vs S$17.20 By DMG

4. Tiger Airways Target Cut To S$1.45 From S$1.50 By Macquarie

3. Wilmar Target Price Raised To S$5.80 from S$4.70 By CLSA

2. Sabana Shari'ah Started At Outperform; Target Set At S$1.05-Daiwa

1. The Dow Jones industrial average was down 137.74 points, or 1.15 percent, at 11,855.42. The Standard & Poor's 500 Index was down 14.52 points, or 1.12 percent, at 1,281.87. The Nasdaq Composite Index was down 33.64 points, or 1.25 percent, at 2,667.33.