| Last week, US crude oil inventory saw its first decline in five weeks which caught market in surprise. OPEC countries and Russia have been sending message to market about potential coordination in crude oil production. Price has been swinging in wide range over last week. Strong rebound was seen on last trading day. Oil price could be getting much volatile in coming week due to mixed message from OPEC. |
| In two days of testimony with Congress, Yellen acknowledged that a weakened global economy and a steep slide in stock markets was tightening financial conditions faster than the Fed wants. Market generally expects less than four rate hikes in 2016. Following release of a solid retail sales gain, market experienced strong U turn from DOW Jones by end of week. |
| Singapore: STI has been lingering around its 5 years support ~ 2530. China market will be resumed next week. It would be interesting to see how Shanghai Composite (SHCOMP) perform in first trading week of Monkey year. STI has been closely following SHCOMP in second part of 2015. |
Market Calendar on coming week:
(SG: Singapore; CH: China; US: USA)
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