Local market could continue to feel unsettled

FRENETIC trading could stick around a little longer in Singapore and global equities this week with persisting concerns over potential trade wars and a more aggressive US monetary policy that could keep risk appetite deep in check.

US stocks pared their losses last Friday after a massive sell-off the day before following US President Donald Trump's vow to impose severe tariffs on steel and aluminium. But this could offer little comfort as it may just be another bounce in a highly volatile environment.

The Dow Jones fell 0.3 per cent last Friday and is down 3 per cent on the week and in negative territory for 2018.

The S&P 500 and tech-heavy Nasdaq snapped a three-session …