STI closed almost flat for the week. What lies ahead?
Asian stocks (represented by the MSCI Asia Pacific Index) logged its longest winning streak since 2005 amid the backdrop of improving manufacturing reports in China, Europe, India and U.S. S&P 500 jumped 2.2% higher for the week on the back of better than expected U.S. jobs report. STI has surged 272 points or 10.3% year to date. So, what lies ahead for the STI? If there are no bad news from the European / Greece problems over the weekend, markets are likely to open higher on Monday. As mentioned last week, STI is likely to be on its way to […]