Friday, 12 April 2013

MARKET OUTLOOK 12 APRIL 2013

In wall street session, the 3 major indices namely the Dow Jones, Nasdaq and S&P 500 closed at a new record high again. Today the Singapore GDP unexpectedly contracts as manufacturing faltered as companies experience a labour shortage and exports drop amid an global recovery.

The Straits Times Index opened lower at 3307 and it is currently trading at 3311. We see that Asian Stocks may be doing some profit-taking today as the Japanese Yen Strengthen, China Rebound at risk if China Premier curbs government spending and the North Korea missle launch issue. We will be cautious at today trading and may further research on profitable company with attractive dividend yield and penny stocks as well.

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