WILL SINGAPORE STOCKS MARKETS HEAD NORTH NEXT?

Singapore Stocks
Dear readers, Singapore stocks like its regional counterparts seemed to have started to head north after the US Federal Reserve Chairman Powell mentioned something to the effect that the Federal Reserves might slowed down the frequency or stopped the increase in interest rates altogether. US stocks markets went up north by an average on 2% after the stocks markets interpreted Powell’s speech as bullish for equities.
However, the stocks markets are still cautious notwithstanding Powell’s speech. For example, Singapore stocks inched up just 0.48% after Powell’s speech, seemingly so since much of the investing community is also looking at the meeting between the two President of US and China at the G20 meeting for clues on how the trade tensions between the two super economies will translate going forward.

Here, over at Singapore Stocks Investing, I continue to believe that currently there are no real sustained bullish reasons to bring Singapore stocks forward as a whole. Technical indicators have showed that a long-term downtrend for the Singapore stocks has formed.

But as with the dynamic nature of the macro markets, we should continue to see whether there will be any new bullish macro factor for global equities. 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.


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