Singapore stock prices opened slightly higher following Wall Street's gains overnight, with STI up 18.62 points to open at 3115.97.

Watch Out For Economic News Today

1. Japan Q3 Tankan Manufacturing Outlook (Japan's tankan business-sentiment index improves more than expected, but forecast dimmer?)
2. Euro-zone September Consumer
3. Economic September Confidence

1. Midas announced that its offer price for its secondary listing in HK exchange is at HK$5.43 per share, representing a discount of approximately 7.0% to the closing price for its SGX shares on 27 Sep.
2. Sembcorp Marine has secured two FPSO conversion contracts worth S$75 million.
3. Cosco's subsidiary has delivered a bulk carrier of 57,000 dwt to its European buyer.

News Updates:

1. A monthly survey shows U.S. Consumer Confidence in September dropped to its lowest point since February as Americans' worries about jobs escalated. The report raises more fears about the tenuous US economic recovery.
2. U.S. homes prices up 0.6% in July: Case-Shiller index?
3. The yen appreciated 0.4% to 83.93 against the dollar and touched 83.69, the strongest level since the Bank of Japan intervened to weaken the currency. The Bank of Japan sold yen Sept. 15 to stem an 11% surge in the currency that hampered an export-led economic recovery.
4. Gold finishes atop $1,300 an ounce for the first time?.

Quick Picks: Here is a quick pick screen that we have designed to pick out potential stocks, both Bullish and Bearish. These are measured with emphasis on larger changes in price and volume.

Bullish Stocks (Singapore)

Stock Prices last updated at 9:00 (Singapore Time)