Singapore Stock Market News

Asia Pacific Strategy - Equity correction still in progress

StockFanatic
Publish date: Wed, 25 Apr 2018, 10:47 AM
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■ S&P 500's and MSCI Asia ex-Japan's wave "a-b-c" are still ongoing from Jan high.

■ However, over the past few weeks, we also see a potential triangle formation for both the S&P 500 and MSCI Asia ex Japan.

■ WTI crude oil appears to be meeting our US$71/barrel target.

■ We believe US 10-years govt. bond yields started the next up leg towards 3.2-3.3%.

■ Vietnam Stock Index holding just above support trendline at 1,080pts.
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