Local index entered correction mode while US market is weakening amid political tension and uncertain monetary policy. Investor could position for the next rally by buying STI ETF. At 3.3, the dividend yield is 3%. Local bank and property sectors has been showing improve in earning for latest quarter. Market sentiment is bullish on STI by end of 2017.
Market Calendar on coming week:
In the US, the most important events are the second estimate of GDP growth, non-farm payrolls, unemployment rate and ISM manufacturing PMI. Elsewhere, key data include UK and Germany consumer morale; Eurozone inflation rate; Japan unemployment and China PMI.
(SG: Singapore; CH: China; UK: United Kingdom; US: USA; JP: Japan).
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