Singapore shares on track for highest close in 9 weeks, with US futures providing supportive lead (DJIA +21 points), says Dow Jones Newswires.
STI is up 0.7% at 2,916.50 with resistance tipped at current 2010 high of 2,947. Dealer at local brokerage says Fed statement that US interest rates to stay low helping market sentiment: “There’s been a lot of money on the sidelines for some time; now money is moving because there is some comfort that rates are not going to rise (near-term).”
