Published:
Daily Markets Briefing: STI up 0.2%
Analyst predicts 0.8% lift today.
IG Markets Singapore noted:
Asia was a mixed bag yesterday. The rollercoaster Nikkei 225 dropped 1.3% while the Shanghai Composite gained 0.9%. The STI achieved a modest rise of 0.2% as traders continued to contemplate the Budget measures.
We are pricing in a 0.8% lift for the STI at the open this morning, opening with the 3300 level in sight once again. With the issues in Europe and positive data out of the US, the Friday sequester deadline has not made many headlines.
With US politicians failing to make any meaningful progress thus far there could still be another volatile twist in what has been a choppy week for traders.
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