Sunday, July 7, 2013

Market outlook!

STI outlook!
Important news that may rock the markets this week after the non farm payroll. Both Mario Draghi and Ben Bernanke is scheduled to make announcements this week.
i would personally say STI is in a consolidation phase after the bearish run and what will happen after the announcements remain to be seen. I am more in favour of a neutral aspect.
Do take note of news affecting interest rates, as interest rates hike would affect the cost of capital of firms thus leading to greater interest expense.
Be cautious in your postions.



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