In last week, STI falls 39 points from the opening of 3197 and close lower at 3158. A black candle sticks with lower shadow indicates that index has re-test the support at 3119 and managed to rebound off this level

Key Economics Data report:

The November jobs report due on Friday will be the one of the most important U.S. economic data in the coming week.

The bailout agreement for Ireland over the weekend will be vital for markets as well as the financial condition of Spain and Portugal.

The US dollar gained on uncertainties after North Korea’s artillery attack on a South Korean island. As the US dollar rose, risk assets such as commodities got sold off. Although Gold and oil gained on the week but copper, silver and palladium ended lower.

Other events in coming week include:

Tuesday: S&P/Case-Shiller home prices, Chicago purchasing managers, and consumer confidence.

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