Trump storm may overshadow slew of macro data

THERE are no standout elements that could likely play a catalytic role in the local bourse this week although the release of some key macro data at home and abroad could provide some sway. All that however, may be overshadowed by any further bombshells from the massive political turmoil in Washington.

After suffering its worst stretch this year over the middle of last week as one controversy after another engulfed the US presidency - the latest being that President Donald Trump had divulged classified intelligence to Russia - Wall Street closed higher on Friday, displaying some resilience.

Some attributed the relief rally to the appointment of a special counsel to investigate Russia's role in the 2016 US election, a move that is seen as finally offering clarity on mounting doubts and unanswered questions over the Trump presidency.