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Stocks to stay volatile in Sept on geopolitics, central banks and lacklustre 2Q

PC Lee
PC Lee9/6/2017 11:32 AM GMT+08  • 2 min read
Stocks to stay volatile in Sept on geopolitics, central banks and lacklustre 2Q
SINGAPORE (Sept 6): DBS expects August’s market choppiness to continue into September over uncertainty policy actions over central banks, the risk of escalating geopolitical tensions in the Korean peninsula plus a lacklustre 2Q results season.
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SINGAPORE (Sept 6): DBS expects August’s market choppiness to continue into September over uncertainty policy actions over central banks, the risk of escalating geopolitical tensions in the Korean peninsula plus a lacklustre 2Q results season.

“Near-term resistance for the Straits Times Index is around 3,320 with downside risk to 3,210 technical support. Below this, base support is at 3,100,” says the research house in a Wednesday report.

Consensus expects the ECB to make a decision on whether to extend or wind-down asset purchases in 2018 at its policy meeting this Tursday. The US Federal is expected to leave rates unchanged at 1.25% in the Sept 20 FOMC meeting.

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