Geo-political, weather volatility on the gloomy horizon
Brexit doubts and the trade war mean that investors are likely to continue buying sovereign bonds, defensive stocks
IT'S hurricane season in the US, and it may not spare the stock market. US stocks rose last week, racking up one of their biggest gains of the year as a glimmer of light appeared on the gloomy geopolitical horizon. Analysts caution that the storms - literal and figurative - have not yet passed and that more volatility is likely.
Hurricane Dorian could make landfall on the East Coast of the US this week as one of the strongest storms in recent history, and the stormy ties between the US and China could also produce more shocks. And any weakness in jobs data out this Friday would bring in heavy market winds.
August shaped up to be one of the worst months of the last decade but the 3 per cent gain on the week trimm…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Asia stocks rise on Wednesday amid Wall Street rally; STI up 0.6%
Brokerage Haitong removes long-term Hong Kong unit chief Lin, appoints new head
Asia: Stocks rise on earnings optimism as US data approaches
Singapore stocks climb at Wednesday’s open; STI up 0.4%
Stocks to watch: MPACT, CapitaLand Ascott Trust, Hotel Properties, OUE Reit, CLCT
Europe: Tech, retail stocks boost Stoxx 600 to one-week high