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Week Ahead: Earnings, Bank Risks, and the Xi–Trump Meeting in Focus as Global Market Consolidates

 



Week Ahead: 20 Oct 2025
Investors remain focused on corporate earnings and signs of stress within the U.S. banking system, while also watching for potential developments from the upcoming Xi–Trump meeting.

Technically, Global equities are transitioning into a consolidation phase after a strong Q3 rally, with momentum fading and volume declining across major indices. Current price structures suggest markets are range-bound between key support and resistance levels, and we are closely monitoring potential breakout signals and shifts in supply demand dynamics to determine whether this is a healthy consolidation or the start of a deeper rotation out of risk assets.

Short Term: 
S&P 500 (SPX):  The S&P 500 remains range-bound, consolidating between 6,360 and 6,770 as momentum fades (FFI). This suggest investors are turning cautious. A sustained break above 6,770 would revive bullish sentiment toward 7,000, but a close below 6,515 could trigger a corrective pullback toward 6,360. Maintain neutral positioning.

Hang Seng Index (HSI): The Hang Seng Index extended its pullback  the to 24,870 support zone, The index is expected to consolidate above 24,870 — a key inflection point that will determine whether the current correction deepens or stabilizes. A sustained recovery above 26,000 is required to reverse the short-term bearish tone. Stay defensive; maintain limited HK exposure until a structural base forms.

Straits Times Index (STI): The Straits Times Index has entered a consolidation phase after its recent rally, easing from 4,480 and oscillating between 4,270 and 4,420. A close above 4,420 could signal renewed upside toward 4,500, while a break below 4,270 would point to a deeper pullback. Stay Neutral and defensive.

Long Term:
S&P 500 (SPX) Upward Trend
bUpward Trend
Straits Times Index (STI) Uptrend Trend

Headlines Next Week:
US Corp Earnings: Tesla, P&G, GE, Coca-Cola, Netflix, IBM, AT and Intel
SG Corp Earnings: SG REITs
US: Sep CPI, mfg & svc PMI
China: 3Q GDP, Sep IP, retail sales, LPR fixing, CPC plenum on 15th FYP.
Singapore: Sep CPI (core & headline) and IP, market closed for Deepavali (Mon).

Disclaimers apply

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