t the economy Singapore's q4 GDP contracted an annualized 4.9% (2nd time in 3qtrs) (manufacturing Leading European Sectors: Basic Resources +3.02%, Autos/Parts +1.86%, Chemicals +1.17% Lagging European Sectors: Utilities -0.37%, Telco -0.35%, Media -0.27% HTZ conversion right triggered - TSTC guides lower - RF en