TREASURIES-Edge higher, extend gains made on Fed minutes

July 15 (Reuters) – U.S. 10-year Treasury notes edged higher in Asian trading on Thursday, extending gains made the previous day due to weak retail sales data and a pared-back economic outlook from the Federal Reserve.

* Ten-year notes rose about 4/32 in price to yield 3.034 percent US10YT=RR, down 1 basis point from late U.S. trading on Wednesday. Ten-year note futures rose 3/32 to 122-10.5/32 TYv1.

* Two-year notes were unchanged in price to yield 0.6089 percent US2YT=RR, down about 1 basis point from late New York trading and hovering near a record low of 0.590 percent hit in late June. On Wednesday, the two-year yield had slid nearly 7 basis points for its biggest one-day drop in about six weeks.

* While the 10-year yield may head lower in the near term, a sustained drop from current levels seems unlikely, said Junji Kojima, senior deputy manager of Sompo Japan Insurance’s global securities investment department.

* “If the economy weakens too much, that may spur speculation about the possibility of further monetary easing steps and could give a lift to equities,” Kojima said.

* On the other hand, if the U.S. economy holds up relatively well that could also bode ill for Treasuries, which look a bit over-bought, Kojima said.

* Minutes from the Fed’s June policy meeting showed officials felt they should be ready to consider additional steps to boost the U.S. economy if an already softening outlook took a noticeable turn for the worse. [ID:nN14148574]

* Data on Thursday showing that China’s economy slowed in the second quarter contained no surprises, and gave little reason to think that China’s economy was headed for a sharp slowdown that could prompt market players to revise down their outlook for the global economy, said Kojima at Sompo Japan. [ID:nTOE66D06L] (Reporting by Masayuki Kitano; Editing by Michael Watson)

South African Markets – Factors to watch on June 14

June 14 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Monday.

- – - -

GLOBAL MARKETS

Asian stocks rose to a one-month high on Monday, led by a rally in the technology sector, while the euro rebounded in thin trade, squeezed higher by dealers closing out of bets against the currency. [ID:nSGE65D03W]

SOUTH AFRICAN MARKETS

South Africa’s rand weakened against the dollar on Friday and stocks retreated from their highest level in a week after disappointing U.S. retail sales data dragged global markets lower.

Trading in South Africa was thin as the World Cup kicked off in Johannesburg with a match between the hosts and Mexico.

At 1522 the rand ZAR=D3 traded at 7.7278 to the greenback, 0.47 percent weaker than its previous 7.6920 close in New York.

The Johannesburg JSE’s blue chip Top-40 index .JTOPI slipped 0.83 percent to 23,990.30, while the broader All-share index fell 0.68 percent to 26,949.81. [ID:nLDE65A1SU]

GOLD XAU=

Gold rose further on Monday as investors bet a rebound in the euro could be short-lived and concerns about a global economic recovery lingered.

Although jewellers may buy gold on dips, the metal was likely to trade in range unless it passes key resistance around $1,250 an ounce. Gold struck a record at $1,251.20 last week on fears the euro zone’s sovereign debt crisis may spread. [GOL/]

WALL STREET

U.S. stocks rose in a late rally on Friday as a strong forecast from a chip maker lifted tech shares and helped alleviate concerns about the economy’s health after an unexpected drop in retail sales.

The Dow Jones industrial average .DJI gained 38.54 points, or 0.38 percent, to 10,211.07. The Standard & Poor’s 500 Index .SPX rose 4.76 points, or 0.44 percent, to 1,091.60. The Nasdaq Composite Index .IXIC climbed 24.89 points, or 1.12 percent, to 2,243.60. [.N]

EMERGING MARKETS

For the top emerging markets news, double click on [nTOPEMRG]

- – - -

Some of the main stories out of the South African press:

BUSINESS DAY

- Pick n Pay’s (PIKJ.J) pyramid structure under fire

- Fifa to probe transport as thousands stay away

BUSINESS REPORT

- Eskom scores a reprieve for Cup

- Central Rand Gold (CRGJ.J) accused of voodoo as goat and cow are sacrificed

THE STAR

-Gautrain a roaring success

(Reporting by Tiisetso Motsoeneng)

RPT-US STOCKS-Earnings, retail sales lift Wall St

NEW YORK, April 14 (Reuters) – Wall Street rose on Wednesday and the S&P topped the key 1,200 level, lifted by solid results from Intel and JPMorgan Chase, while retail sales data gave fresh evidence the economic recovery was broadening.

Intel Corp (INTC.O), the world’s top chipmaker, rose 2.2 percent to $23.27 after its quarterly profit and sales trounced expectations, solidifying hopes for an accelerated recovery in the technology sector. For details, see [ID:nN1382801]

JPMorgan Chase & Co (JPM.N) advanced 2.8 percent to $47.17 as the bank reported a quarterly profit that topped estimates as investment banking revenue outweighed losses on consumer loans. [ID:nN14181674]

The benchmark S&P 500 finally broke through 1,200 after failing to breach the psychologically key level in recent sessions. The index has soared nearly 77 percent since a 12-year low in March 2009.

“It’s a good environment for the stock market right now because news is better than expected and there is a lot of cash on the sideline,” said Terry Morris, senior equity manager for National Penn Investors Trust Co in Reading, Pennsylvania.

“No one wants to sell because the market is trending higher and a lot of people feel like they’ve missed the boat. So anytime you see a small downdraft, the buying comes in.”

The Dow Jones industrial average .DJI gained 43.38 points, or 0.39 percent, to 11,062.80. The Standard & Poor’s 500 Index .SPX rose 5.21 points, or 0.44 percent, to 1,202.51. The Nasdaq Composite Index .IXIC climbed 20.31 points, or 0.82 percent, to 2,486.30.

Sales at U.S. retailers in March rose 1.6 percent, the Commerce Department reported, versus the forecast of a 1.2 percent increase. Separately, consumer prices were up 0.1 percent, matching expectations, the Labor Department said, giving the Federal Reserve a chance to keep ultra-low interest rates. [ID:nN14374789]

Investors are also waiting for the Federal Reserve’s Beige Book, set for release at 2 p.m. EDT (1800 GMT), for clues into when the central bank will adjust its monetary policy.

If the S&P 500 holds above 1,200, it could now find strong resistance at around 1,228, a 61.8 percent Fibonacci retracement of the October 2007 to March 2009 decline, according to Reuters data. The Fibonacci number is a widely used technical tool that can help identify the point at which asset prices will reverse. (Reporting by Chuck Mikolajczak; editing by Jeffrey Benkoe)

US STOCKS-Earnings, retail sales lift Wall St

NEW YORK, April 14 (Reuters) – Wall Street rose on Wednesday and the S&P topped the key 1,200 level, lifted by solid results from Intel and JPMorgan Chase, while retail sales data gave fresh evidence the economic recovery was broadening.

Intel Corp (INTC.O), the world’s top chipmaker, rose 2.2 percent to $23.27 after its quarterly profit and sales trounced expectations, solidifying hopes for an accelerated recovery in the technology sector. For details, see [ID:nN1382801]

JPMorgan Chase & Co (JPM.N) advanced 2.8 percent to $47.17 as the bank reported a quarterly profit that topped estimates as investment banking revenue outweighed losses on consumer loans. [ID:nN14181674]

The benchmark S&P 500 finally broke through 1,200 after failing to breach the psychologically key level in recent sessions. The index has soared nearly 77 percent since a 12-year low in March 2009.

“It’s a good environment for the stock market right now because news is better than expected and there is a lot of cash on the sideline,” said Terry Morris, senior equity manager for National Penn Investors Trust Co in Reading, Pennsylvania.

“No one wants to sell because the market is trending higher and a lot of people feel like they’ve missed the boat. So anytime you see a small downdraft, the buying comes in.”

The Dow Jones industrial average .DJI gained 43.38 points, or 0.39 percent, to 11,062.80. The Standard & Poor’s 500 Index .SPX rose 5.21 points, or 0.44 percent, to 1,202.51. The Nasdaq Composite Index .IXIC climbed 20.31 points, or 0.82 percent, to 2,486.30.

Sales at U.S. retailers in March rose 1.6 percent, the Commerce Department reported, versus the forecast of a 1.2 percent increase. Separately, consumer prices were up 0.1 percent, matching expectations, the Labor Department said, giving the Federal Reserve a chance to keep ultra-low interest rates. [ID:nN1437478]

Investors are also waiting for the Federal Reserve’s Beige Book, set for release at 2 p.m. EDT (1800 GMT), for clues into when the central bank will adjust its monetary policy.

If the S&P 500 holds above 1,200, it could now find strong resistance at around 1,228, a 61.8 percent Fibonacci retracement of the October 2007 to March 2009 decline, according to Reuters data. The Fibonacci number is a widely used technical tool that can help identify the point at which asset prices will reverse. (Reporting by Chuck Mikolajczak; editing by Jeffrey Benkoe)

Europe Factors-Shares seen rebounding after steep losses

LONDON, April 9 (Reuters) – European shares are expected to open higher on
Friday, after sharp declines in the previous session, mirroring overnight gains
in the U.S. market which rose after surprisingly strong March retail sales data.

Financial spreadbetters expected Britain’s FTSE 100 .FTSE to open 24 to 25
points higher, or as much as 0.4 percent, Germany’s DAX .GDAXI to open up 39
to 42 points, or as much as 0.7 percent, and France’s CAC-40 .FCHI to open 25
to 26 points higher, or as much as 0.7 percent.

On Thursday, the FTSEurofirst 300 .FTEU3 index of top European shares
ended 0.9 percent lower at 1,087.99 points — its biggest one-day percentage
decline in six weeks and the lowest close since March 31.

The index hit an 18-month high on Tuesday and is up about 68 percent since
hitting a record low in March 2009.

Top U.S. chains reported a record year-over-year increase in same-store
sales for March. The sales reflected a boost in consumer demand that some
investors had doubted would materialise, with job growth still anaemic.
[ID:nN08170785]

In Europe, commodity shares will be in focus as crude oil CLc1 prices
rebounded towards $86 a barrel after two days of declines, gold XAU= was
steady near three-month highs and key base metals prices advanced.

———————-MARKET SNAPSHOT AT 0514 GMT———————-

LAST PCT CHG NET CHG
S&P 500 .SPX 1,186.44 0.34 % 3.99
NIKKEI .N225 11,193.30 0.22 % 25.1
MSCI ASIA EX-JP .MIASJ0000PUS 507.03 0.54 % 2.72
EUR/USD EUR= 1.3349 -0.07 % -0.0009
USD/JPY JPY= 93.52 0.17 % 0.1600
10-YR US TSY YLD US10YT=RR 3.892 — 0.00
10-YR BUND YLD EU10YT=RR 3.116 — 0.02
SPOT GOLD XAU= $1,151.80 0.14 % $1.65
US CRUDE CLc1 $85.74 0.41 % 0.35
———————————————————————– 03

* Asia stocks firm near 22-mth high; yen falls [ID:nTOE63802R]

* Retail sales lift Wall St and hopes for economy [ID:nN08217473]

* Nikkei flat, profit-taking offsets retailer rise [ID:nTOE63801P]

* TREASURIES-Bonds retreat after solid 30-year bond auction [ID:nN08214155]

* FOREX-Yen retreats after rise on yuan talk [ID:nTOE63800W]

* Oil gains towards $86 on demand optimism [ID:nSGE638037]

* Gold steady near 3-month high; ETF strikes record [ID:nSGE63801S]

* Shanghai copper up 1 pct; upward momentum stays [ID:nTOE63801D]

(Reporting by Atul Prakash)

Bookies see Europe shares up after sharp losses

LONDON, April 9 (Reuters) – European shares were expected to open higher on Friday, after sharp declines in the previous session, tracking overnight gains in the U.S. market which rose after surprisingly strong March retail sales data.

Stocks | European Markets

Financial spreadbetters expected Britain’s FTSE 100 .FTSE to open 24 to 25 points higher, or as much as 0.4 percent, Germany’s DAX .GDAXI to open up 39 to 42 points, or as much as 0.7 percent, and France’s CAC-40 .FCHI to open 25 to 26 points higher, or as much as 0.7 percent.

On Thursday, the FTSEurofirst 300 .FTEU3 index of top European shares ended 0.9 percent lower at 1,087.99 points — its biggest one-day percentage decline in six weeks and the lowest close since March 31.

The index hit an 18-month high on Tuesday and is up about 68 percent since hitting a record low in March 2009. (Reporting by Atul Prakash and Tricia Wright)

Retail sales, building approvals slide

There has been a bigger-than-expected fall in Australian retail sales and building approvals during February.

Figures from the Australian Bureau of Statistics show retail sales fell by 1.4 per cent to $19.8 billion during the month, compared to January.

Most economists had expected sales to rise by about 0.3 per cent.

Building approvals figures show a fall of 3.3 per cent to 13,929 dwellings in February compared to January.

The market consensus had been for a rise of 2.1 per cent.

The retail sales data show that, in trend terms, cafes, restaurants and takeaway food services rose 0.4 per cent and department stores posted gains of 0.2 per cent.

Food retailing fell 0.1 per cent and clothing, footwear and personal accessory retailing was down 0.1 per cent.

Australian building approvals were dragged down by another big monthly fall in the apartments and multi-storey dwellings sector, which declined 10.9 per cent.

Approvals for private sector houses fell by 0.9 per cent.

S and P Daily Commentary for 4.15.09

The S and P futures experienced considerable losses Tuesday after the U. S. released disappointing PPI and Retail Sales data. The futures weakened below April 4 highs and our 3rd tier downtrend line before popping back above the trend line Wednesday morning.

A surprising declining PPI reignites fears of deflation while the negative Retail Sales number reinforces the fact that U. S. consumption is buckling under the pressure of the economic downturn.

Yesterday’s data points raise a red flag concerning the possibility of a head fake in economic data and shows the worst of the economic crisis may not be behind us after all.

The U. S. has more key economic releases on tap for today, including CPI, TIC Long-Term Purchases, Industrial Production, the Empire State Manufacturing Index, and weekly Crude Oil Inventories. Therefore, we anticipate volatility to heat up during today’s session.

Though Intel’s earnings after the bell beat analyst expectations, the lack of guidance from the semiconductor bell-weather raises another red flag and heightens investor uncertainty.

If major corporations are unable to project performance over the next quarter, it becomes increasingly difficult for chief operators to design budgets to maximize earnings from desirable loan structures. With the barrage of red flags investor uncertainty is rising concerning the viability of a economic turnaround.

However, we caution against become overly-pessimistic right now since the S and P futures are still healthy fundamentally. Investors may wait until the results from the government’s stress tests of financials before passing judgment trend-wise.

That being said, the obstacles are stacking up against the uptrend. Not only do the futures still need to pass through February highs, but April highs now serve as an intermediate barrier to the upside. However, the highly psychological 800 level defends the S and P futures to the downside.

Fundamentally, we maintain our supports of 834.75, 829.5, 825, and 818.5 with fresh bottom-end of 812.75. To the topside, our 839.75 support turns resistance while we hold our resistances of 845.25, 850.5, 856.25, and 862.5. The S and P futures are currently trading at 835.25.

Copyright 2009 FastBrokers, Latest Forex News and Analysis for Forex, Bullion and Commodity Traders.

Disclaimer: For information purposes only. FastBrokers assumes no responsibility or liability from gains or losses incurred by the information herein contained. There is a substantial risk of loss in trading futures and foreign exchange.

Seoul shares seen down on U.S. data, fall

SEOUL, April 15 (Reuters) – Seoul shares are likely to fall
on Wednesday as weak retail data hurt Wall Street, with techs
likely to be under pressure after Intel Corp (INTC.O) fell
despite solid earnings after failing to give a clear revenue
forecast.

“Seoul shares will probably undergo some correction after
overnight falls in U.S. stocks, but it will not likely be
significant. We think this will be a little bump on the road to
the market’s gradual rebound, said Park So-yeon, a market
analyst at Korea Investment and Securities.

Analysts expected a limited impact from news that North
Korea ordered U.N. inspectors to leave on Tuesday after saying
it would quit international nuclear disarmament talks and
restart a plant that makes bomb-grade plutonium [ID:nSP497987].

“North Korea has more political implications than economic
implications. I do not think investors will pay much attention
to it,” said Kim Se-jung, a market analyst at Shinyoung
Securities.

Elsewhere, Daewoo Shipbuilding and Marine Engineering
(042660.KS) may be eyed after Korea Asset Management Corp, a
state debt clearer, said on Tuesday it would consider the best
time later this year to sell a stake in Daewoo Shipbuilding.
[ID:nSEO91082]

The Korea Composite Stock Price Index (KOSPI) ended
up 0.33 percent at 1,342.63 points on Tuesday.
———————-MARKET SNAPSHOT @ 2246 GMT ————

INSTRUMENT LAST PCT CHG NET CHG
S and P 500 .SPX 841.5 -2.01% -17.230
USD/JPY 98.94 0.13% 0.130
10-YR US TSY YLD 2.79 — 0.000
SPOT GOLD 889.5 0.07% 0.650
US CRUDE CLc1 49.11 -0.61% -0.310
DOW JONES .DJI 7920.18 -1.71% -137.63
ASIA ADRS .BKAS 98.16 -1.95% -1.95
————————————————————-

MARKET SUMMARY *Weak retail sales, Goldman hit Wall Street

[ID:nN14457216] *Oil slips below $50 on demand, inventory
f’casts[ID:nSP458479] *Dollar, yen gain on renewed safe-haven
bid [ID:nN14451216] *Treasuries climb on falling retail
sales data [ID:nN14581335]

STOCKS TO WATCH

KEPCO (015760.KS), POSCO (005490.KS)

State-run Korea South-East Power Corp (KOSEP), a unit of
KEPCO, said on Tuesday it would spend 3.6 trillion won ($2.7
billion) building renewable energy plants with POSCO
Engineering and Construction, a unit of POSCO until 2015.
[ID:nSEO28604]

(Reporting by Jungyoun Park; Editing by Dhara Ranasinghe)

Seoul shares open lower led by banks, auto issues

SEOUL, April 15 (Reuters) – Seoul shares fell on Wednesday, following losses on Wall Street sparked by weak retail sales data, with banks leading the decline after their U.S. peers dropped on news of Goldman Sachs’ (GS.N) share offering

The Korea Composite Stock Price Index (KOSPI) was down 1.23 percent at 1,326.09 as of 0006 GMT.

(Reporting by Jungyoun Park; Editing by Jonathan Hopfner)

Singapore Hot Stocks-Sembcorp Marine, SIA, Parkway in focus

SINGAPORE, April 15 (Reuters) – Oil-rig builder Sembcorp
Marine may be in focus on Wednesday after a large customer,
Petroprod, was placed under provisional liquidation. Petroprod
had placed orders worth over $500 million with the Singapore
firm, according to Business Times.

U.S. stocks fell on Tuesday as a surprising drop in retail
sales dented hopes the recession was abating, while financial
shares slid on fears that Goldman Sachs’ (GS.N) share offering
could prompt other banks to follow suit.
———————-MARKET SNAPSHOT @ 2359 GMT ————

INSTRUMENT LAST PCT CHG NET CHG
S and P 500 .SPX 841.5 -2.01% -17.230
USD/JPY 98.98 0.19% 0.190
10-YR US TSY YLD 2.7954 — 0.005
SPOT GOLD 888.1 -0.08% -0.750
US CRUDE CLc1 49.08 -0.67% -0.330
DOW JONES .DJI 7920.18 -1.71% -137.63
ASIA ADRS .BKAS 98.16 -1.95% -1.95
————————————————————- >
Weak retail sales, Goldman hit Wall St; eBay up late [.N] >
Dollar and yen gain on renewed safe-haven bid [USD/] >
Bonds climb on falling retail sales data [US/] >
Gold ends a tad lower but near-term strength seen [GOL/] >
Oil slips below $50 on demand, inventory forecasts [O/R]

Stocks and factors to watch:

— SEMBCORP MARINE (SCMN.SI)

– Sembcorp Marine said a large customer, Petroprod, has
been placed under provisional liquidation. J.P. Morgan said the
potential order-book cancellations may outweigh the positive
effect of a gas contract win by another Sembcorp unit, but kept
its “overweight” call on the rigbuilder. [ID:nSN4E51621]

— SINGAPORE AIRLINES (SIAL.SI)

– The world’s second-biggest airline by market value may
be in focus after Singapore and Malaysia agreed to expand their
bilateral air services agreement, which would give carriers of
both countries the right to operate between Singapore and six
new Malaysian destinations from June 1.

— PARKWAY HOLDINGS LTD (PARM.SI)

– The healthcare services provider said on Tuesday that
Chief Operating Officer Daniel Snyder had decided not to renew
his three-year job contract for personal reasons
[ID:nSN4E21031]

— SINGAPORE PRESS HOLDINGS (SPRM.SI)

– DBS Vickers downgraded Singapore Press Holdings (SPH) to
“hold” from “buy”, citing the 25 percent rise in the newspaper
publisher’s share price since the brokerage made its “buy”
call.

– LIAN BENGGROUP (LIBG.SI)

– The construction firm reported on Tuesday its net profit
rose 31 percent to S$11.4 million ($7.60 million) for the nine
months ended Feb 28, 2009 mainly on an increase in construction
activity. [ID:nSN4E91001]

– Singapore’s benchmark Straits Times Index .FTSTI rose
1.08 percent to 1,897.02 points on Tuesday.

– The Dow Jones Industrial Average .DJI fell 1.71 percent
to 7,920.18 points. The Nasdaq Composite Index .IXIC was down
1.67 percent to 1,625.72 points.
($1=1.501 Singapore Dollar)
(Reporting by Eveline Danubrata; Editing by Kevin Lim and
Muralikumar Anantharaman)

HK shares expected to fall after recent rally

HONG KONG, April 15 (Reuters) – Hong Kong shares are expected to head lower on Wednesday, falling from a four-month high, with investors using disappointing U.S. retail sales data as an excuse to lock in gains after a two-session surge.

U.S. retail sales in March snapped two months of increases, denting hopes that the recession in the world’s largest economy was abating.

“The market is looking pretty overbought at this point. Even the China market moved little on Tuesday, so this is the time for profit taking,” said Francis Lun, general manager with Fulbright Securities.

Lun expects the benchmark index to drop back to 15,000 points on Wednesday.

The benchmark Hang Seng Index .HSI rose 4.6 percent to finish at a four-month high of 15,580.16 in hectic trade on Tuesday.

STOCKS TO WATCH

* Angang Steel Company (0347.HK) said its profit attributable to equity holders fell to 3 million yuan in 2008, from 7.5 million yuan the year before. For statement please see here

* China Huiyuan Juice Group (1886.HK) said its profit attributable to equity holders fell sharply to 88.9 million yuan in 2008, from 640.2 million yuan the year before. For statement please see here

* Hutchison Telecommunications (2332.HK) said on Tuesday that Hong Kong’s stock exchange has approved its plan to spin off its Hong Kong telephone business in a separate listing. For statement please see here

* Dongfeng Group (0489.HK) posted net profit of 4 million yuan in 2008, up from 3.8 million yuan a year ago. For statement please see here

* China Southern Airlines (1055.HK) (600029.SS) swung to a net loss of 4.8 million yuan for 2008, from a profit of 1.8 million yuan tnews.hk/listedco/listconews/sehk/20090414/LTN20090414890.pdf

* CNNC International (2302.HK) will resume trade on Wednesday after shares in the firm were suspended on March 26. The firm had announced that its unit would buy Mongolia-focused uranium miner Western Prospector Group (WNP.V). For statement please see here

* China Haisheng Juice (0359.HK) said it has sued a counterparty and a ratings adviser, alleging that both parties had misled the firm and demanded collateral at the last minute for foreign exchange swap contracts that the company had entered into. For statement please see here ———————-MARKET SNAPSHOT @ 2246 GMT ————

INSTRUMENT LAST PCT CHG NET CHG S and P 500 .SPX 841.5 -2.01% -17.230 USD/JPY 98.94 0.13% 0.130 10-YR US TSY YLD 2.79 — 0.000 SPOT GOLD 889.5 0.07% 0.650 US CRUDE CLc1 49.11 -0.61% -0.310 DOW JONES .DJI 7920.18 -1.71% -137.63 ASIA ADRS .BKAS 98.16 -1.95% -1.95 ————————————————————-

MARKET SUMMARY *Weak retail sales, Goldman hit Wall Street [ID:nN14457216] *Oil slips below $50 on demand, inventory f’casts[ID:nSP458479] *Dollar, yen gain on renewed safe-haven bid [ID:nN14451216] *Treasuries climb on falling retail sales data [ID:nN14581335]

(Reporting by Parvathy Ullatil; Editing by Ken Wills)

Research and Markets: Clothing and Footwear in Singapore – Identifying the Leading Companies and Brands in the Industry

DUBLIN, Ireland–(Business Wire)–
Research and Markets
(http://www.researchandmarkets.com/research/283b91/clothing_and_footw) has
announced the addition of the “Clothing and Footwear in Singapore” report to
their offering.

The Clothing and Footwear in Singapore report offers a comprehensive guide to
the size and shape of the market at a national level. It provides the latest
retail sales data (2001-2006) and analysis by distribution format allowing you
to identify the sectors driving growth. It identifies the leading companies,
leading brands, and offers strategic analysis of key factors influencing the
market. Forecasts to 2011 illustrate how the market is set to change.

Product coverage includes: clothing (accessories, knitwear, men’s outerwear,
socks, stockings and tights, underwear and nightwear, women’s outerwear) and
footwear.

Data coverage: market sizes (historic and forecasts), company shares and brand
shares.

Why buy this report?

* Get a detailed picture of the clothing and footwear industry;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading
brands;
* Use five-year forecasts to assess how the market is predicted to develop.

Clothing and Footwear in SingaporeKey Topics Covered:

* Clothing and Footwear in Singapore
* Euromonitor International
* November 2008
* List of Contents and Tables
* Executive Summary
* Economic Boom Stimulates Consumer Spending
* Women’s Clothing and Footwear the Main Driver of Sector Growth
* The Internet As A New Distribution Channel
* Children’s Wear Is Projected To Grow After A Period of Contraction
* Growth in Clothing and Footwear To Continue at Its Current Pace
* Key Trends and Developments
* Economic Recovery Spurs An Increase in Consumer Confidence and Retail Sales
* Singapore: the Milan of Southeast Asia
* Internet Retailing Taking Off Among Clothing and Footwear Consumers
* Mens Fashion A Growing Segment
* Sportswear: the New “In-wear”
* Market Data

For more information visit

http://www.researchandmarkets.com/research/283b91/clothing_and_footw

Source: Euromonitor International

Research and Markets
Laura Wood
Senior Manager
press@researchandmarkets.com
Fax from USA: 646-607-1907
Fax from rest of the world: +353-1-481-1716

Copyright Business Wire 2009

Seoul shares down led by banks, Daewoo Ship rises

KOSPI down 0.69 pct

* Banks fall with U.S. peers on Goldman Sachs’ share offering

* Daewoo Shipbuilding, International up on KAMCO’s comments
(Updates to mid-morning)

By Jungyoun Park

SEOUL, April 15 (Reuters) – Seoul shares fell on Wednesday
following losses on Wall Street sparked by weak retail sales
data, with banks leading the decline, but Daewoo Shipbuilding
(042660.KS) outperformed on news regarding a planned stake sale.

The Korea Composite Stock Price Index (KOSPI) was
down 0.69 percent at 1,333.40 as of 0219 GMT.

“The main index had risen for five consecutive weeks and
institutions are moving to book in profits, moves of which
accelerated today after falls in U.S. stocks after weak retail
sale data,” said Kim Joon-kie, a market analyst at SK Securities.

“Shares have been rising on expectation about the broader
economy, so fresh weakness in retail data weakened sentiment.
Investors are being more cautious, wanting to confirm quarterly
results and outlook comments before making investment decisions,”
Kim said, adding that the won’s relative stabilisation had
curbed foreign investor appetite in South Korean shares as well.

Foreigners were sellers of a net 54.4 billion won, and
institutions sold a net 54.36 billion won as of 0217 GMT.

Analysts expected limited impact from news North Korea had
ordered U.N. inspectors to leave on Tuesday after saying it would
quit international nuclear disarmament talks and restart a plant
that makes bomb-grade plutonium. [ID:nSP497987]

“North Korean has more political implications than economic
implications. I do not think investors will pay much attention to
it,” said Kim Se-jung, a market analyst at Shinyoung Securities.

Banks led declines after their U.S. peers dropped on news of
Goldman Sachs’ (GS.N) share offering, sending the S and P financial
index .GSPF 7.68 percent lower.

KB Financial Group (105560.KS) was down 3.18 percent and Hana
Financial Group (086790.KS) declined 3.38 percent.

Meanwhile, Daewoo Shipbuilding and Marine Engineering
(042660.KS) and Daewoo International Corp (047050.KS)
outperformed against the benchmark after Korea Asset Management
Corp (KAMCO) said on Tuesday that it would consider later this
year the timing for a sale of its stake in the firms.
[ID:nSEO91082]

KAMCO owns 19.1 percent of Daewoo Shipyard, the world’s No.3
shipbuilder, and 35.5 percent of Daewoo International, an energy
developing firm.

Daewoo Shipbuilding was up 1.58 percent and Daewoo
International was up 4.01 percent.

Shares in KT and G (033780.KS) also outperformed against the
benchmark index, trading 0.95 percent higher, helped by a
positive brokerage note from Morgan Stanley.

Morgan Stanley said in its note on Wednesday that it expects
the South Korean tobacco monopoly’s first quarter earnings to
beat Morgan Stanley’s earlier earnings estimates.

“We had expected 211 billion won of operating profit and 199
billion won in net income (for the first quarter 2009). However
strong cigarette exports and tight cost control could increase
operating profits, 237 billion won now expected. Thanks to
favourable foreign exchange movements, net income could reach 235
billion won in our view,” Morgan Stanley said.

(Editing by Jacqueline Wong)