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Tuesday, 31 October 2017

Market Outlook 1/11/2017

Wed Nov 1
  • US Manufacturing PMI (reported monthly early in the month)
  • DBS Group earnings report
Thurs Nov 2
  • Best World earnings report
  • China Aviation earnings report
Friday Nov 3
  • US Nonfarm payroll (reported on first Friday of following month)
  • US Non-manufacturing PMI (reported monthly early in the month)
  • OCBC earnings report
  • Sunningdale Tech earnings report

Summary

Week of small to mid cap earnings reports as well as banks. We see that the banks have already rallied in anticipation of the results this week, so upside risk reward ratio is suppressed. 

Other than the earnings, US monthly figures coming out on Wed might push market higher given that figures have been so good in the recent past. Given HSI decline, could be a good time to enter. 

Brent oil above 60. Positive for Keppel Corp.

US Tech stocks unending rally. Why?

SG Manufacturing stocks recent breakout. Why?
  • http://www.businesstimes.com.sg/government-economy/singapore-business-expectations-up-for-next-six-months-services-show-signs-of

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