Weekly Wrap and Economical Data For the Week

Weekly wrap of STI: 

It was an important week for STI as Singapore announced its Yearly Budget for Fiscal Year 2013-14, also mixed trading week for STI. STI made its month lowest point in last week and closed with loss of 0.57%.

STI opens 3297.57 @ week’s high level then it fell down and made a week low @ 3250 mark took support at that level and recovers some points but finally closed with loss of 18.63 points down by 0.57% wow basis @ 3269.50.

Economic data:

Singapore's inflation rate came in lower-than-expected last month, partly because of a higher base brought about by the Chinese New Year holidays in January last year.  Consumer Price Index (CPI) in January 2013 rose 3.6 per cent from a year earlier, after increasing 4.3 per cent on-year in December.

Singapore's Industrial Production numbers came in below expectations for January mostly dragged down by a sharp contraction in the biomedical sector. Forecast 4 % expansion from a year ago, but manufacturing output instead contracted 0.4 % on-year.