SGX Stock Signal Update

Today SGX Stock Recommendation at 09.30SST

✔ Hit First Targets

■■ BUY ST ENGRG AT CMP 3.370-3.380 TARGET 3.410,3.460 ,3.520 SL 3.300

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Current Market Update

 Here are the latest trading levels for Asia's major stock markets: 

Tokyo (Nikkei Average) closed for holiday 
 Hong Kong (Hang Seng Index) up 1.9% 
 Shanghai (Shanghai Composite Index) up 2% (at break) 
 Sydney (S&P/ASX 200) up 1% 
 Seoul (Kospi) up 0.6% 
 Mumbai (Sensex) up 0.6% 
 Taipei (Taiex) up 0.5%

Asian Market Update

Asian markets rallied on Monday after China's surprise move last week to cut interest rates for the first time in more than two years as leaders try to kickstart growth in the Asian economic giant.


The euro struggled in early exchanges following a sell-off Friday in response to comments from the head of the European Central Bank hinting at further stimulus measures to fight off deflation.

Hong Kong jumped 2.05 per cent and Shanghai rose 0.82 per cent, while Sydney gained 1.06 per cent and Seoul was 0.69 per cent higher.

Tokyo was closed for a public holiday.

Google Market News Update

European elected officials are preparing to call for a breakup of Google Inc. GOOG, +0.50% GOOGL, +0.39% according to a published report Friday. A draft motion from the European Parliament indicates "unbundling of Google's search engine from other commercial services" would be a solution to the company's dominance, The Financial Times reported. 

The European Parliament has no actual power to break up companies, but the move could pressure the European Commission to take action, according to the report.

Dollar index ends week at four-year high

The ICE U.S. Dollar Index rose to its highest level in more than four years Friday, boosted by the euro’s declines, as the European Central Bank’s decision to begin buying asset-backed securities weakened investor confidence in the shared currency.

The dollar index DXY, +0.66% ended the week up 0.82% to 88.3070. The index comprises a basket of six currencies, but is most heavily weighted against the euro.

The euro EURUSD, -1.20%  traded at $1.2392, compared with $1.2547 Thursday afternoon.

Elsewhere, the pound GBPUSD, -0.21%  ended the week at a fresh 14-month low against the dollar, trading at $1.5654, compared with $1.5695 Thursday afternoon.