Last Friday saw horrible selling across major Europe indices. Generally, market has been moving up in early week due to earlier polling result that BREMAIN was leading. Actual voting outcome pulled down most indices thus wiped out the gain over few days in the week. Market showing a "shocked" sign. Few support line would be tested in coming weeks.
US:
Triggered by BREXIT, DOW JONES retreated from its historical high range (>18000). Similarly, a "shocked" sign was seen instead of any bearish trend. Few US economic data (as shown in calendar below) will be released on coming week. Market attention could be drawn into potential rate hike on July instead.
Singapore:
STI has been hovering around 5 years trough region (<2900). Minimum downside could be hit by BREXIT.
Market Calendar on coming week:
(SG: Singapore; CH: China; US: USA)
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