In line with my expectations, STI weakened and stumbled into a bear market last week. (Please refer to my market outlook article dated 28 Sep http://ernest15percent.com/index.php/2015/09/26/ernests-market-outlook-28-sep-15/ ) For our Singapore market, besides the global events, there are two important Singapore centric events which are likely to influence our market in the next couple of months.
Firstly, our advance 3Q GDP data is slated for release around mid Oct. There have been worries of a technical recession since the release of 2Q GDP. Thus, this data is likely to be closely watched by the market.
Secondly, most of our upcoming corporate results will commence next week. The previous quarterly corporate results in Jul – Aug were not inspiring which also contributed to the weakness in our Singapore market. Readers who want the summarised corporate results calendar can sign up on http://ernest15percent.com so as to be included …