In last week, STI gain 129 points from the opening of 2644 and close higher at 2773. A white candle sticks with little upper shadow indicates that the market sentiment are rather bullish on the global economy ahead.

Key Economics Data report:

In the last week, market sentiment got boosted that the ECB may lend up to 200 billion euros ($270 billion) to the IMF to ease the sovereign debt crisis.

Traders will be monitoring the European summit in Brussels at the end of coming week as the euro zone leaders discuss changes to the EU treaty to better enforce fiscal discipline.

Technical Analysis on STI

STI index has re-test the resistance at 2778 for the past 2 sessions but yet to break through. STI close 4.9% higher.

1) In weekly chart, a white candle sticks with little upper shadow affirms that investors are bullish and willing to buy ay ...