SINGAPORE, March 20 (Reuters) - Energy-related stocks such
as Keppel Group (KPLM.SI) and Sembcorp Marine (SCMN.SI) may be
in focus on Friday after oil prices jumped more than 7 percent
on the U.S. Federal Reserve's plan to fight recession.
However U.S. stocks fell on Thursday on concerns that the
Federal Reserve's latest move to revive the ailing U.S. economy
might be too costly and untested, prompting investors to book
profits on bank shares after the recent sharp rally.
----------------------MARKET SNAPSHOT @ 0005 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 784.04 -1.3% -10.310
USD/JPY JPY= 94.5 -0.05% -0.050
10-YR US TSY YLD US10YT=RR 2.6095 -- 0.000
SPOT GOLD XAU= 952.55 -0.63% -6.050
US CRUDE CLc1 50.89 -1.40% -0.720
DOW JONES .DJI 7400.80 -1.15% -85.78
ASIA ADRS .BKAS 87.17 -0.30% -0.26
-------------------------------------------------------------
> Misgivings about Fed plan spark sell-off [.N]
> Dollar tumbles as market digests Fed Treasury plans [USD/]
> Prices slip as profit-taking follows big rally [US/]
> Gold near 3-week high on weak dollar, inflation [GOL/]
> Oil surges 7 pct past $51 on Fed plan, weak dollar [O/R]
Stocks and factors to watch:
-- PARKWAY HOLDINGS LTD (PARM.SI)
- Parkway Holdings said it had reached an amicable
settlement with its ex-manager, Qwek Koo, that sued the
healthcare group for S$2.1 million earlier this week for owing
him incentive payments. [ID:nSN3J80741]
-- ENZER CORPORATION (ENZR.SI)
- Electronic firm Enzer Corporation said two of its
subsidiaries, incorporated in Singapore and Malaysia, have
initiated creditor's voluntary winding-up liquidation
proceedings. [ID:nSN3J30891]
- Singapore's benchmark Straits Times Index .FTSTI gained
0.57 percent to 1,584.86 points on Thursday.
- The Dow Jones Industrial Average .DJI fell 1.15 percent
to 7,400.80 points. The Nasdaq Composite Index .IXIC was down
by 0.52 percent to 1,483.48 points.
(Reporting by Laurence Tan)
