Singapore stocks head north in these trading sessions. However, I believe that Singapore stocks will have to head south when the Federal Reserves next meet to set the rates and to decide whether to taper the Quantitative Easing move of US $85 billion monthly bonds-buying. As I have shared with readers before, there are four elements shaping the global stock markets currently: (1) US decision of strike against Syria, (2) US debt ceiling talks, (3) Federal Reserves’ decision on tapering of the Quantitative Easing and (4) Germany’s election. Any of the four above elements will shape the direction of global stock markets including Singapore. For now, Singapore stocks head north as it is not immediately apparent that US and its coalition forces will attack Syria and also there is some time to the US debt ceiling talks, Federal Reserves’ meeting and Germany Election. These are the four elements I have ......
