Over past two weeks, STI made a U turn from 2860 then head towards support 2798. Rising non-performing-loan from OCBC and UOB dampened market sentiment. Next heavy-weight counter, DBS will open book to public on coming Monday. It would be interesting to see whether support line, 2798 can withhold. Coming week will be full of exciting news globally, such as technical meeting among OPEC ministers, central banker meeting on Japan, UK and most importantly, US Fed. Market is counting down to US presidential election as well.
Market Calendar on coming week:
(SG: Singapore; CH: China; UK: United Kingdom; US: USA; JP: Japan)
No comments:
Post a Comment