Carmen Lee Quotes (4 Quotes)

With near-term market outlook fairly unclear and not helped by current oil prices and the post-Q2 earnings lull, we expect the STI to continue to trade within the parallel channel.

Most market analysts are holding on to their economic or corporate projections while adopting a wait-and-see attitude to assess if oil prices will remain at current high levels.

With oil at above US67 per barrel, this is likely to once again raise investors' concern over the impact on global economies and earnings of corporates.

The local market is likely to continue to adopt a more cautious tone, brought on by the current high oil prices.