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Weekly Markets Outlook

 


Thoughts on Week Ahead:
Week 1 April 2024

This week investors are flooded with economic data as we enter a new month and quarter. The US jobs report on Friday is especially important because it will provide clues about wage inflation.

The technical picture for major markets is mostly unchanged from last week. The S&P 500 is bullish, but we are careful because trading volume and FFI indicator (Chart) is not keeping pace with price increases.

Both the Straits Times Index (STI) and the China A50 Index are still trying to break through resistance at their trendlines. We are waiting to see a clear direction emerge in both markets.

Upward trajectory observed in Brent crude oil may indicate potential opportunities within the energy sector stocks.

Headlines for the week:
- US NFP report, ISM report
- China Mar Econ reports
- SG PMI Survey, Retail Sales, MAS Announcement


Disclaimers apply



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