STI made a U turn from 3340 last week. Failing to break through the resistance, it could retest immediate support ~ 3190 again. Trend looks weak for the moment. Rising interest rate and trade tension between US and China have been dragging down most Asian Indices.
Next week the US will be publishing inflation rate, producer prices and JOLTs job openings. More blue chips in STI will be releasing earning results as well.
Market Calendar on coming week:
(SG: Singapore; CH: China; US: USA).
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