Monday, November 21, 2011

Market Daily -- 21st Nov 11

5.  Singapore MAS Executive: Core Inflation To Stabilize By 2Q 2012
Singapore MAS Exec: Current Monetary Policy Stance Remains Appropriate 
Singapore MAS Exec: CPI Inflation Will Be Sticky But Fall By 2H 2012

4.  CapitaLand Executive: Don't Expect China Hard Landing
CapitaLand Executive: China Residential Sales Remain Steady
CapitaLand China CEO: Not Expecting Buyer Defaults On CapitaLand Projects
CapitaLand China CEO: Not Slowing Housing Starts Next Year
CapitaLand China CEO: Don't Expect Major House Price Correction In Cities
CapitaLand China CEO: Planning To Marginally Raise Prices On Some Projects 

3.  Singapore Revised 3Q GDP +1.9% Adj On Quarter, Annualized Vs +1.3% Earlier Estimate
Singapore Revised 3Q GDP +6.1% On Year Vs +5.9% Earlier Estimate
Singapore Govt: Expect 2011 GDP To Grow By Around 5%
Singapore Govt: Expect 2012 GDP To Grow 1% To 3%
Singapore Govt: 4Q Economic Growth Will Likely Weaken
Singapore Govt: Global Economic Conditions Expected To Remain Subdued In 2012
Singapore Govt: Expect 2011 Non-Oil Domestic Exports To Grow Between 2%-3%
Singapore Govt Had Expected 2011 Non-Oil Domestic Exports To Grow Between 6%-7%
Singapore Govt: 2012 Non-Oil Domestic Exports To Grow Between 3%-5%


2.  STX OSV: Got Contract To Build Eight LPG Carriers For Petrobras Unit
STX OSV: Petrobras Vessel Contract Worth US$536 Million 

 1. The Dow Jones industrial average gained 25.43 points, or 0.22 percent, to 11,796.16. The S&P 500 dipped 0.48 point, or 0.04 percent, to 1,215.65. The Nasdaq Composite lost 15.49 points, or 0.60 percent, to 2,572.50.