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Bookmark this page		Friday, 19 March 2010

Today's Headlines

Germany Backtracks on Europe Rescue for Greece

After weeks of backing a European rescue for the financially troubled Greece, Germany shifted course on Thursday, signaling that help should come from the International Monetary Fund rather than Greece's neighbors. The about-face was set off by doubts about Athens's ability to borrow 53 billion Euros this year to finance a yawning budget deficit and refinance waves of debt coming due Citing legal hurdles, a government official in Berlin said yesterday that Germany believed any external financial support to Athens would best be provided by the I.M.F. Amid the uncertainty, the Euro slipped against the U.S. dollar and European stocks also wilted. Beside unsettling the equity markets, Greece's troubles continue to undermine the Euro, the common currency it and 15 and other European nations share and the euro-zone countries are likely to want to and to plan to resolve this question by themselves quickly.

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Market Report

Overnight Releases*

Releases Today*

No	Key Closing Levels	Last	Previous
1	SGD 3 month SOR Fixing	0.42%	0.42%
2	SGD 6 month SOR Fixing	0.57%	0.57%
3	2 Year US Treasury Yield	0.96%	0.92%
4	10 Year US Treasury Yield	3.68%	3.64%
5	30 Year US Treasury Yield	4.59%	4.57%
6	EUR/USD	1.3608	1.3738
7	USD/YEN	90.39	90.31
8	AUD/USD	0.9207	0.9237
9	DJIA	10779	10734
10	WTI Crude Oil (US$)	82.20	82.93
11	Baltic Dry Index	3396	3427
12	Gold Spot (US$/oz)	1127.35	1120.35

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