Trade tensions, geopolitics and data to dictate mood

THE Singapore bourse may want to put behind the choppy trading in past weeks as it heads into the summer but renewed global trade fears could put paid to it, while some attention could shift towards a slew of data out of home and abroad this week.

It may (or not) help a tad that US stocks had rallied last Friday on the back of positive US jobs growth data that topped expectations but this may not be enough to take the attention away from global trade war worries.

The Dow Jones Industrial Average finished the final session of the week with a gain of 0.9 per cent while the broad-based S&P 500 rose 1.1 per cent and the tech-rich Nasdaq Composite Index jumped 1.5 per cent.