STI has been moving side way since May. Support 3191 looks intact. Immediate resistance ~ 3275 might not be broken soon. Focus of second half 2017 shall be on utilities counter which operates in defensive sector and gives consistent dividend payout. Net cash position would be preferred.
Market Calendar on coming week:
Next week, important data includes the final GDP growth, personal income and spending and the consumer confidence for the US (29 June); China official manufacturing and non-manufacturing PMIs (30 June); Japan inflation and unemployment; business confidence and inflation for Germany, Italy and the Euro Area and the final GDP growth estimate for the UK.
Singapore is going to release bank lending (30 June).
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