Internet powerhouse Pacific Century CyberWorks will be the centre of attention as it joins the blue-chip Hang Seng Index in a week likely to generate some interest for the holiday-depleted ranks of local investors. Good jobs data from the United States should help the market move higher this morning ahead of a slew of SAR companies reporting interim results through the week. Cathay Pacific on Wednesday and parent Swire Pacific on Thursday are the biggest names. A host of Growth Enterprise Market stocks will also be posting interims, which analysts have predicted could result in further falls among those with weak business models. Cable & Wireless HKT shares will be suspended tomorrow ahead of its formal merger with CyberWorks on August 17. CyberWorks will join the Hang Seng Index in its place on Wednesday. Traders are expected to jump on the bandwagon of a rising CyberWorks this week. The counter closed at HK$17.40 on Friday. 'Speculators will try to push up the share price of CyberWorks,' said Kenny Tang Sing-hing, Tung Tai Securities associate director. 'The market rumours are that the stock will test HK$20 this week.' CyberWorks management will be hoping the stock can head past HK$18.60. That would make an all-share option more attractive for HKT shareholders than cash and shares. They must make a decision by August 15. CyberWorks deputy chairman Francis Yuen Tin-fan may have added fuel to the likely speculative buying with an interview on Friday in which he said a big new deal was in the offing. The market would be 'surprised by both the scale and the deal that we might be doing', he was quoted as saying. Closely watched US jobs data was market-friendly on Friday. The US economy shed jobs for the first time since January 1996, though mainly on the laying off of temporary census workers. 'I think the employment data can reduce the probability of an interest rate hike in August and should help the sentiment on the local market,' said Mr Tang. Wall Street gave a muted reaction to the figures. The Dow Jones Industrial Average closed up 0.57 per cent on Friday to 10,767.75 and the Nasdaq was up 0.73 per cent to 3,787.36 as investors began worrying about third-quarter corporate earnings amid a slowing economy. Cathay is expected to wing in with a soaraway set of interim figures, helped by the regional recovery which has boosted load factors. Analysts are expecting a profit of between HK$1.6 billion and HK$2 billion, up from HK$108 million in the first half of last year. That will feed through into Swire's profits, which will also be lifted by rising rental rates for its huge portfolio of office space. Cathay has risen 69.9 per cent since March 1 to close at HK$17.50 as investors built in improved earnings. 'People are discounting some good numbers,' said Worldsec International director Carlton Poon. 'But I think the results are likely to surprise on the upside if they surprise at all.'