Unit Trust - Phillip Securities Pte Ltd

For Internal Circulation
Dexter Tan Kian Beng Hillary Ho Li Ling
+6565311516 +6565311792
dextertankb@phillip.com.sg hillaryho@phillip.com.sg
From Phillip Securities Research
Market update
North America:
Focused on an economic recovery, investors shook off disappointing news and
kept Wall Street's summer rally going.
Financial, technology and energy companies were among the big winners, while
stocks in defensive, or relatively safer, industries like health care fell. Retailers
declined after a worse-than-expected report on retail sales. The Commerce
Department said retail sales fell 0.1 percent in July, significantly worse than the
0.7 percent increase economists expected.
A weekly report on unemployment also came in worse than projected. The Labor
Department said the number of newly laid-off workers filing claims for
unemployment benefits rose unexpectedly to a seasonally adjusted 558,000, from
554,000 the previous week. Analysts were expecting new claims to drop to
545,000.
Meanwhile, Treasury prices rose after the government had a successful auction of
30-year bonds. The Treasury Department issued a total of $75 billion of debt this
week as part of its ongoing efforts to fund the government's stimulus programs,
and investors were relieved that the market was able to absorb such a huge
supply.
The Dow Jones industrial average rose 36.58, or 0.4 percent, to 9,398.19. The
Standard & Poor's 500 index rose 6.92, or 0.7 percent, to 1,012.73, while the
Nasdaq composite index rose 10.63, or 0.5 percent, to 2,009.35.
Europe:
Source: Bloomberg, CNBC, Yahoo Finance
PHILLIP SECURITIES PTE LTD
Unit Trust
Unit Trust Daily Market Update
European shares closed higher on Thursday, after France and Germany
unexpectedly reported economic growth, but gains were scaled back after data in
the United States was less upbeat.
Banks added the most points to the index, UBS rose 5.4 percent as investors
expected the settlement of a damaging U.S. tax dispute to allow the bank to focus
on becoming profitable again. Credit Suisse, HSBC and UniCredit rose between
2.5 and 3.2 percent.
The pan-European FTSEurofirst 300 index of top shares rose 0.7 percent to a
provisional close of 948.72 points.
Outlook for the day
Friday, 14 Aug 2009
Singapore shares outlook –
Opened higher. To trade
higher through the day and to
end higher.
Major Asia Pacific Indices
performance
Index Last % Chg ^ Net
Chg^
S&P/
ASX
200
index
Nikkei
225
Taiwan
Taiex
Index
KOSPI
HSI
KLCI
4435.90
2.14
10517.19 0.79
92.80
82.19
7034.96 1.97 136.06
1564.64 -0.05 -0.71
20861.30 2.08 426.06
1186.19 0.48 5.65
2614.18 1.67 42.87
FSSTI
^Chg and Net Chg from the previous working
day
Source: Bloomberg

Unit Trust Daily Market Update Friday, 14 Aug 2009
Economic data to be announced
United States
Date Statistic For Survey Actual Prior
08/07/2009 Change in Nonfarm Payrolls Jul -325K -247K -467K
08/07/2009 Unemployment Rate Jul 9.60% 9.40% 9.50%
08/07/2009 Change in Manufact. Payroll Jul -100K -52K -136K
08/07/2009 Average Hourly Earnings MoM Jul 0.10% 0.20% 0.00%
08/07/2009 Average Hourly Earnings YoY Jul 2.50% 2.50% 2.70%
08/07/2009 Average Weekly Hours Jul 33.0 33.1 33.0
08/08/2009 Consumer Credit Jun -$5.0B -$10.3B -$3.2B
08/11/2009 Nonfarm Productivity 2Q P 5.50% 6.40% 1.60%
08/11/2009 Unit Labor Costs 2Q P -2.40% -5.80% 3.00%
08/11/2009 Wholesale Inventories Jun -0.90% -1.70% -0.80%
08/11/2009 IBD/TIPP Economic Optimism Aug 50.0 50.3 46.3
08/12/2009 ABC Consumer Confidence 10 Aug -48 -47 -49
08/12/2009 Trade Balance Jun -$28.7B -$27.0B -$26.0B
08/13/2009 Monthly Budget Statement Jul -$180.0B -$180.7B -$102.8B
08/13/2009 FOMC Rate Decision 13 Aug 0.25% 0.25% 0.25%
08/13/2009 Import Price Index (MoM) Jul -0.50% -0.70% 3.20%
08/13/2009 Import Price Index (YoY) Jul -19.0% -19.3% -17.40%
08/13/2009 Advance Retail Sales Jul 0.80% -0.10% 0.60%
08/13/2009 Retail Sales Less Autos Jul 0.10% -0.60% 0.30%
08/13/2009 Retail Sales Less Autos & Gas Jul -- -0.40% -0.20%
08/13/2009 Initial Jobless Claims 9-Aug 545K 558K 550K
08/13/2009 Continuing Claims 2-Aug 6350K 6202K 6310K
08/13/2009 Business Inventories Jun -0.90% -1.10% -1.00%
08/14/2009 Consumer Price Index (MoM) Jul 0.00% -- 0.70%
08/14/2009 CPI Ex Food & Engery (MoM) Jul 0.10% -- 0.20%
08/14/2009 Consumer Price Index (YoY) Jul -1.90% -- -1.40%
08/14/2009 CPI Ex Food & Energy (YoY) Jul 1.60% -- 1.70%
08/14/2009 CPI Core Index SA Jul -- -- 219.344
08/14/2009 Consumer Price Index NSA Jul 215.489 -- 215.693
08/14/2009 Industrial Production Jul 0.40% -- -0.40%
08/14/2009 Capacity Utilization Jul 68.3% -- 68.00%
08/14/2009 U. Michigan Confidence Aug P 69.0% -- 66
Source: Bloomberg
Singapore
Date Statistic For Survey Actual Prior
08/11/2009 GDP (YoY) 2Q F -4.0% -3.50% -3.70%
08/11/2009 GDP (annualized) (QoQ) 2Q F 19.2% 20.7% 20.40%
08/14/2009 Retail Sales (YoY) Jun -9.20% -- -10.30%
08/14/2009 Retail Sales (MoM) SA Jun 1.0% -- 0.80%
Source: Bloomberg

Unit Trust Daily Market Update Friday, 14 Aug 2009
Key indices
3200
2700
2200
1700
1200
14500
12500
10500
8500
6500
FSSTI Index
8/14/2008
9/14/2008
10/14/2008
11/14/2008
12/14/2008
1/14/2009
2/14/2009
3/14/2009
4/14/2009
5/14/2009
6/14/2009
7/14/2009
Nikkei 225
8/14/2008
9/14/2008
10/14/2008
11/14/2008
12/14/2008
1/14/2009
2/14/2009
3/14/2009
4/14/2009
5/14/2009
6/14/2009
7/14/2009
26000
22000
18000
14000
10000
14000
12000
10000
8000
6000
6000
5000
4000
3000
2000
Hang Seng Index
8/14/2008
9/12/2008
10/15/2008
11/12/2008
12/10/2008
1/12/2009
2/12/2009
3/12/2009
4/9/2009
5/12/2009
6/10/2009
7/9/2009
8/6/2009
Dow Jones Industrial Average
8/14/2008
9/14/2008
10/14/2008
11/14/2008
12/14/2008
1/14/2009
2/14/2009
3/14/2009
4/14/2009
5/14/2009
6/14/2009
7/14/2009
FTSE 100 Index
8/14/2008
9/14/2008
10/14/2008
11/14/2008
12/14/2008
1/14/2009
2/14/2009
3/14/2009
4/14/2009
5/14/2009
6/14/2009
7/14/2009

Unit Trust Daily Market Update Friday, 14 Aug 2009
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