SINGAPORE, April 1 (Reuters) - Singapore financials such as
DBS Group (DBSM.SI) may be in focus on Wednesday after European
banks recovered much of Tuesday's losses and continued their
March rally on hopes the global financial system was
stabilising.
U.S. stocks climbed on Tuesday, driving the S&P 500 .SPX
to its best month since October 2002, as investors snapped up
top-performing bank and technology shares as the first quarter
came to an end. ----------------------MARKET SNAPSHOT @ 0041
GMT ------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 797.87 1.31% 10.340
USD/JPY JPY= 98.7 -0.14% -0.140
10-YR US TSY YLD US10YT=RR 2.6774 -- 0.009
SPOT GOLD XAU= 918.8 0.18% 1.650
US CRUDE CLc1 48.38 -2.58% -1.280
DOW JONES .DJI 7608.92 1.16% 86.90
ASIA ADRS .BKAS 88.16 1.03% 0.90
-------------------------------------------------------------
> For Wall St, March is the best month since 2002
[.N] > Dollar rises vs yen after gloomy BOJ Tankan
[USD/] > Data bolster bonds despite stock gains
[US/] > Gold ends tad higher, seen vulnerable on dlr, stocks
[GOL/] > Oil prices up 3 percent tracking Wall Street
[O/R]
Stocks and factors to watch:
-- SINGAPORE PRESS HOLDINGS (SPRM.SI)
- CLSA upgraded Singapore Press Holdings to "outperform"
from "underperform" on Tuesday, citing the firm's strong net
balance sheet and lower costs of newsprint this year.
-- FRASER AND NEAVE (FRNM.SI)
- Frasers Hospitality, a unit of Singapore food and
property conglomerate Fraser and Neave, said it has been in
talks with private equity firms to form a real estate fund but
the firm added it is not in a hurry to start the business.
[ID:nSHA178876]
- Singapore's benchmark Straits Times Index .FTSTI gained
1.6 percent to 1,699.99 points on Tuesday.
- The Dow Jones Industrial Average .DJI rose 1.16 percent
to 7,608.92 points. The Nasdaq Composite Index .IXIC was up
by 1.78 percent to 1,528.59 points.
(Reporting by Laurence Tan; Editing by Dhara Ranasinghe)
