Singapore Stocks-May be weighed by S&P warning on Europe

SINGAPORE, Dec 6 (Reuters) - Singapore shares may come
under pressure on Tuesday, following Standard & Poor's warning
that the credit ratings of top-rated European countries such as
Germany may be cut in connection with the long-running euro zone
debt crisis.
ComfortDelGro Corp Ltd, Singapore's largest taxi
operator, may be in focus after it announced an increase in its
basic taxi fares, citing an increasing demand for transport
services.

----------------------MARKET SNAPSHOT @ 0008 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 1257.08 1.03% 12.800
USD/JPY 77.81 0.06% 0.050
10-YR US TSY YLD 2.0593 -- 0.026
SPOT GOLD 1720.44 -0.06% -1.050
US CRUDE 100.62 -0.37% -0.370
DOW JONES 12097.83 0.65% 78.41
ASIA ADRS 119.24 1.07% 1.26
-------------------------------------------------------------

> Wall St up but warning on Europe chills rally
> Prices fall in volatile trade as Europe stays focus
> Euro held back by S&P; Aussie eyes RBA
> Gold falls on technical selling, euro debt fears
> Oil erases most gains on Europe ratings worry

Stocks and factors to watch:
-- CAPITALAND LTD
- CapitaLand, Southeast Asia's largest property developer,
plans to spin off its developed Chinese projects into two
mainland-listed real estate investment trusts (REITs) when China
approves listing of REITs, its CEO said on Monday. It is also
eyeing acquisitions of Chinese developers and plans to invest at
least S$2 billion ($1.57 billion) a year on mainland China.

-- CEREBOS PACIFIC LTD
- Food company Cerebos Pacific said it would not be
increasing its offer price of NZ$2.50 under its full takeover
offer for all the equity securities in New Zealand's honey
products company Comvita Limited. It said last month its
independent directors had rejected the takeover offer from
Cerebos.

-- OVERSEA-CHINESE BANKING CORP
- Singapore's Oversea-Chinese Banking Corp (OCBC)
has promoted Darren Tan to chief financial officer, replacing
Soon Tit Koon who is retiring.

-- FDS NETWORKS GROUP LTD
- FDS Networks Group, which offers audio conferencing
services, said it has signed a non-binding memorandum of
understanding to acquire China Southwest Energy Corporation for
S$210 million as a part of a reverse take-over move.

- Singapore's benchmark Straits Times Index fell
0.26 percent on Monday to 2,766.23 points.
- The Dow Jones industrial average gained 0.65
percent to 12,097.83. The Standard & Poor's 500 Index
rose 1.03 percent to 1,257.08. The Nasdaq Composite Index
climbed 1.1 percent to 2,655.76.

ASIA-PACIFIC STOCK MARKETS:
Japan S.Korea China
Hong Kong Taiwan SE Asia
Australia/NZ India

OTHER MARKETS:
Wall Street Gold Currency
Eurostocks Oil JP bonds
ADR Report LME metals US bonds

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($1 = 1.2778 Singapore dollars)