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Singapore stocks to eye rates, results

SINGAPORE: Singapore shares are likely to hold broadly flat again this week, at least until investors decide whether interest fears or company results will lead sentiment.

"Rates are the issue. If that turns out to be a non-event, then earnings will be the focus for next week and beyond," said Daiwa Institute of Research strategist, Goh Moh Lih.

Wall Street's consensus was that the Fed would raise borrowing costs by 25 basis points in its two-day meeting.

Shares on Wall Street fell on Friday after the U.S. government said the economy grew strongly in the fourth quarter of 1999, while wage and benefit costs ticked higher.

The key Dow Jones industrial average dropped 2.62 percent to 10,738.87, amid fresh inflation fears. The technology-heavy Nasdaq Composite Index fell 3.77 percent.-Reutters