...don't forget we have advanced Q2-2009 numbers tomorrow for Singapore
Global markets continue to be in a tentative stage as we await validation of the March 2009 rally. US economic numbers continue to be weak and in some instances weaker than expected. Last Friday the US Consumer Confidence figure for July came in at 64.6 well below expectations for a figure of 70. This has added to concerns that the US markets could have run ahead of the economic recovery which while present is likely to be modest and benign, ie a "U" shaped recovery.
Read more...