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Modest forecast for STI year-end target

Projected market return on equities still below long-term averages

[SINGAPORE] The Straits Times Index (STI) is expected to continue its upward trend as money supply in the US is still increasing, but analysts say that growth will be at a modest 3 per cent since projected market return on equities are still below long-term averages. In its June report, UOB Kay