Trump, economic data to guide market's direction

THE "Trump off, Trump on" trading climate will continue to rule equities this week as traders keep their ears to the ground for something "phenomenal" to steamroll through the markets.

US President Donald Trump's market-thrilling hint last week that a "phenomenal" tax plan was imminent was enough to set off predictions by stock pundits that a "Trump rally" could just be starting, even though the reform promise is, according to him, two to three weeks away.

The exhilaration in US equities overnight on Friday could lend credence to such optimism and could further underpin the local bourse's decent ascent.