outlook remain neutral...
On friday, US unemployment data was better then forecast (9.6%) versus actual of 9.4%, leading to a surge in equities and USD. Is this a signal that the worst is over or is it just a temporary relieve. In my opinion, this could very well be a temporary relieve while a 2nd wave will bring unemployment into a double digit range.
In the upcoming week, there will be a meeting on monetary policy in US, focus will be on quantitative easing while interest rates expected to remain unchanged.
Index counters are hitting oversold region, a bullish close by HSI today will give STI a nice gap opening.
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