Markets in 'rational exuberance' but risks lie ahead
Investors should watch for "geopolitical developments and technology's sphere of disruption and behaviour modification in areas such as finance, healthcare, retail and transport"
US stocks rose last week to record highs and the gains should continue this week as traders bet massive tax cuts will stimulate more economic activity.
Most years end with a "Santa Claus" rally, but this year, Santa has more goodies than usual to put into investors' stockings.
The US Senate and House of Representatives reportedly agreed on a compromise tax reform bill, with Florida Senator Marco Rubio among the last holdouts to sign on after his demand that poor families receive more favourable tax treatment for having children was met.
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Capital Markets & Currencies
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data
Singapore shares open lower on Friday; STI down 0.1%
Stocks to watch: CLI, Great Eastern, MIT, Sheng Siong, iFast, OUE, Far East Orchard