Market has been recovering from heavy sell down on mid August. NASDAQ briefly touched historical 6000 on last trading day as below. Few important events to watch out on September, includes Germany election, OPEC meeting, FOMC meeting. Military tension in Korea peninsula shall stir market sentiment sporadically. Bullishness in US market shall lend strong support to SG market as well.
Market Calendar on coming week:
In the US, the most important events will be trade balance, factory orders and ISM non-manufacturing PMI. Elsewhere, the ECB and the RBA will announce their interest rate decisions; Australia will release the first estimate of GDP growth, and the Eurozone and Japan will publish final figures for GDP growth. China inflation rate and foreign trade; and UK industrial output and trade balance will also be in the spotlight.
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