Dear readers, these are the things you need to know about the Singapore Straits Times Stocks now as we welcome a new trading week.
1) On the Singapore stocks front, Genting Singapore stock, Mapletree Commerical Trust are Overbought now.
2) Similarly, HongKong Land stock is Oversold now.
3) As of last Friday 18 October 2019, the US stocks markets closed lower: Dow Jones, Nasdaq and S&P went 0.95%, 0.83% and 0.39% lower respectively, Singapore stocks may expect to follow the cues of the US stocks.
4) China’s economic growth plunges to a new low of 6% as reported, these may continue to weigh on trading sentiments.
5) Britain’s PM Johnson had sought a delay for Brexit following the outcome of British Parliament vote.
6) Last but not least, there were some progress reported of some economic progress made for the US-China trade matters.
As could be seen from the above, there are a number of geo-political factors which should continue to weigh on the Singapore stocks markets.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
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