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Weekly Markets Outlook

 





Week 22 April 2024

Be mindful of potential market volatility next week as several US mega-cap companies are announcing earnings.

Risk-off sentiment continues to weigh on US stocks as hopes for interest rate cuts fade. However, it's worth noting that US financials remained resilient during the sell-off due as the banks benefit from high-interest margins.

Interestingly, US listed Chinese tech companies were largely unaffected during Friday’s tech sell-off, which could indicate supply exhaustion and potential trade or allocation opportunities.

Heads up for the Singapore market next week as market will due to soften in view of DBS going ex-bonus on Monday.

This week, constrained retaliation actions by countries in the Middle East provide some level of relieve for investors and global citizens.

Nil trade set-up for the week ahead but will update when we identify any.

Headlines for the week:
- US Corp Earnings (Alphabet, Amazon, Microsoft, Meta, Visa, Tesla, GE, UPS, Lockheed Martin, Qualcomm, IBM, Caterpillar, Spotify)
- SG Corp Earnings (REITs, Keppel, Capitalnvest)
- US PMI, PCE, 1Q24 GDP
- China LPR fixing
- SG Mar CPI, Ind Prod

 

Disclaimers apply

 


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