With near-term market outlook fairly unclear and not helped by current oil prices and the post-Q2 earnings lull, we expect the STI to continue to trade within the parallel channel.
More Quotes from Carmen Lee:
Most market analysts are holding on to their economic or corporate projections while adopting a wait-and-see attitude to assess if oil prices will remain at current high levels.Carmen Lee
With oil at above US67 per barrel, this is likely to once again raise investors' concern over the impact on global economies and earnings of corporates.
Carmen Lee
The local market is likely to continue to adopt a more cautious tone, brought on by the current high oil prices.
Carmen Lee
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