STI closed flat at 3108 for last trading week. It has broken 3100 which was last seen on 2016 Oct. Next ceiling to test would be ~ 3150. Most of the blue chips have released latest financial results. While market is digesting the earning performance, we will see 2017 Budget to be released on coming Monday. Afterwards, attention would fall to US Fed meeting minutes on mid week. Considering recent market bullishness, it would be interesting to see whether "Sell on May" could happen again for this year. Market used to take a break during April-May period.
Market Calendar on coming week:
(SG: Singapore; CH: China; UK: United Kingdom; US: USA; JP: Japan)
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