SGX Singapore Stocks & Forex Live Picks

STI Weekly Summary and Macro Economic Factors

Your Advisor
Publish date: Sat, 25 May 2013, 03:22 PM
Your Advisor
0 10,453
Blog for SGX Singapore Stock & Forex Recommendations gives you Live Stock Picks, we provide all SGX Stock Picks, Singapore Share Prices, Forex Trading Recommendation along with STI Quotes. Get Live SGX Singapore Picks.
STI Weekly Wrap

After 5 weeks winning strike, this week STI tumbles more than 1.5% from previous close below 3400 mark.
STI opens @ 3452.79marks and then it made week high @ 3464.79 this is again a new high for STI, but it can't able to sustain this higher level ,on last 2 trading days STI fell and crossed its support level and made week low @ 3382.82 . Finally closed below 3400 mark @ 3393.17 with loss of 56.13 points down by 1.63% wow basis.

Macro Economic Factors:
  • Singapore released the country's final Q1 GDP which was revised up to +0.2% y/y compared to the preliminary reading of -0.6% y/y released in mid-April. On a sequential basis, GDP increased by 1.8% q/q Saar from +3.3% in Q4 2012. At the same time, headline inflation eased to 1.5% y/y in April (consensus: 3.0%) from 3.5% in March.
  • Meanwhile, growth of industrial production in April surprised to the upside at 4.7% y/y (consensus: 1.6%) from a revised -3.8% y/y in March, driven by the biomedical manufacturing sector.
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment