Following comment from Yellen last Friday, US 10 years treasuries yield and US dollar index surged together. Generally, stronger USD could weaken commodity prices, such as oil, gold, agriculture, etc. Rate hike was one of the main reason for downfall across global indices on mid 2015 as well. It shall back to the market themes in coming days again.
Singapore:
Domestic banks led STI for short bullish run last week. Rate hike is generally benefiting banks. However, it also add more burden for loan repayment especially on oil companies. It would be interesting to see whether local banks will continue the up movement and cheer with rate hike prospect.
Market Calendar on coming week:
(SG: Singapore; CH: China; UK: United Kingdom; US: USA)
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