Partial trade deal, quarterly results in spotlight

THE Singapore bourse may extend last Friday's gains in the week ahead as it continues to be buoyed by hopes of a de-escalation in the trade war after the US and China struck a partial trade deal.

On Friday, the two economic powerhouses agreed to the first phase of a deal to end the trade war following two days of high-level negotiations in Washington. The agreement includes the US holding off on ramping up tariffs, while China boosts its purchases of US farm goods.

With trade remaining a key driver for markets, the latest truce is likely to spur markets higher, said Esty Dwek, head of global market strategy, dynamic solutions, at Natixis Investment Managers.