STI 3,267 +8 +0.26%
DOW 14,448 -64 -0.44%
S&P 1,552 -5 -0.31%
FTSE 6,378 -15 -0.23%
DAX 7,871 -40 -1.12%
GOLD 1,605 -2 -0.09%
OIL 94.71 -0.10 -0.11%
PRE-HK OPEN -125pts

CREDIT SUISSE GLOBAL RISK APPETITE (EQUITY) : -0.60 (22 Mar 2013)
CREDIT SUISSE GLOBAL RISK APPETITE : 1.83 (22 Mar 2013)

DJ MARKET COMMENT:Cyprus Developments May Keep Singapore's STI Muted-SIAS

0044 GMT [Dow Jones] Singapore's STI is likely to open a bit lower and remain muted on Tuesday as markets keep a wary eye on developments in Cyprus, SIAS Research says in a note. Overnight, stocks on Wall Street declined as a last-minute bailout deal for Cyprus kicked up worries that deposits across Europe could become future targets of international creditors. "The Cyprus development is likely to keep the STI muted over the coming session...today's tone is likely to moderate into a more neutral mode, we could see the index consolidating around current levels," SIAS says. The house tips 3230 support, while resistance levels lie between 3270 and 3300, it says. On Monday, the STI closed with a 0.3% gain at 3267.48 following optimism over the weekend about a bailout deal for Cyprus.

*DJ Sheng Siong Group Started At Buy, S$0.80 Target - Daiwa

Cyprus deal boosts Merkel at home, deepens resentment abroad