SINGAPORE, Nov 17 (Reuters) - Singapore's CapitaLand
(CATL.SI) will be in focus on Tuesday ahead of an announcement
that it has priced its nearly $2 billion shopping malls IPO.
A source with knowledge of the deal told Reuters that
CapitaMalls Asia, a unit of Singapore's CapitaLand, has priced
its initial public offering at S$2.12 a share, which will raise
S$2.47 billion ($1.8 billion) for the property developer.
U.S. stocks rose broadly on Monday, sending indexes to
fresh 13-month closing highs, after the Federal Reserve
Chairman Ben Bernanke reinforced expectations that interest
rates will remain low to spur growth.
----------------------MARKET SNAPSHOT @ 0035 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1109.3 1.45% 15.820
USD/JPY JPY= 89.07 -0.02% -0.020
10-YR US TSY YLD US10YT=RR 3.3361 -- -0.013
SPOT GOLD XAU= 1139.65 0.05% 0.600
US CRUDE CLc1 78.94 0.05% 0.040
DOW JONES .DJI 10406.96 1.33% 136.49
ASIA ADRS .BKAS 127.37 1.68% 2.11
-------------------------------------------------------------
> Wall St leaps as Bernanke pledges lower rates [.N]
> US dollar down broadly, Bernanke rate outlook weighs [USD/]
> Weak economic data, Bernanke remarks spur rally [US/]
> Gold stays near $1,140 as dollar remains defensive [GOL/]
> Oil settles up 3 pct on dollar, U.S. consumer data [O/R]
Stocks and factors to watch:
-- CAPITALAND (CATL.SI)
- CapitaLand has suspended its shares ahead of an
announcement to declare the final pricing of its shopping malls
IPO, which a source told Reuters will raise $1.8
billion.[ID:nSIN377524]
-- SINGAPORE AIRLINES (SIAL.SI)
- Singapore Airlines (SIA) said on Monday the airline saw
its overall load factor increase by 4.8 points in October 2009
to 71.6 percent from a year earlier [ID:SGC003373]
-- OLAM INTERNATIONAL (OLAM.SI)
- Commodities firm Olam has announced it will acquire
almond orchards of Australia's Timbercorp, which is currently
in receivership for A $160 million ($116 mln) [nSNBG20370]
- Singapore's benchmark Straits Times Index .FTSTI rose
2.08 percent higher to 2,783.85 points on Mondayday.
- The Dow Jones industrial average .DJI rose 1.3 percent
to end at 10,406.96 points. The Nasdaq Composite Index .IXIC
rose 1.4 percent to close at 2,197.85 points.
($1=1.385 Singapore Dollar)
(Reporting by Harry Suhartono, editing by Jeremy Laurence)
