13 June 2011

Some thought on Singapore STI

Singapore STI Index has been sidelined for quite a while. From economy point of view, the recent unexpected economy growth brings Singapore Dollar to a new high against US Dollar and other currencies. We do expect that Singapore dollar will continue to appreciate to combat with its more than 4% inflation rate which mainly comes from Property / Foods. 

We expect that STI Index will continue to sideline for these two months until further re-catalyst. However, do remember a theory that most of the investors/traders/speculators will have their own summer break. So, we expect there will be a short term rise coming when the summer break comes to the end.
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