Skip to main content

SINGAPORE STOCKS MARKETS: WHAT’S IN FOR INVESTORS?

SINGAPORE STOCKS
Dear readers, the US stocks markets had the following performance overnight:

1) Dow: -0.53%

2) Nasdaq: -0.37%

3) S&P: -0.40%
The reasons for the US’ lacklustre performance? Earnings announcement from players like eBay which disappointed analyst but the more important reason is the US-EU trade tensions.

Recently, US President Donald Trump named the EU as US’ “biggest foe” in the area of trade. There remains to be seen whether there would be more trade tensions ahead for the US and the EU, over and above the trade tensions between the United State and China.

In my belief, one of the main macro factors shaping global tensions currently is the trade rhetoric or the actual implementation of trade tariffs between US with China and EU respectively (or any country which comes under the US’ radar). And this factor will not wane soon.

The Singapore stocks STI had a good performance yesterday with a 1.14% north. The performance of the US stocks overnight would drive STI south again, in my opinion. I have a bearish view of the Singapore stocks markets in general though good positive earnings should guide some good moves for selective counters. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.


About

Formerly Singapore Stocks Investing, an Associate blog of SG Stocks Investing, connect with me here.

Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.

Archive

Show more