The market's doing pretty well. We've had some good figures out of the U.S. and futures were very strong at yesterday's close. |
The oil price will continue to rise. Earnings at most of the oil producers have had very good, positive surprises. |
We see HSBC announcing an 18 percent rise in interim profit to about HK$20.6 billion and our target for the stock is HK$120 within the next three to six months, |
We see HSBC announcing an 18 percent rise in interim profit to about HK$20.6 billion and our target for the stock is HK$120 within the next three to six months. |
We're seeing across the board buying after tame employment data out of the U.S., which is reducing pressure for interest rate hikes, and a good response to residential property sales over the weekend. |
We're seeing some profit-taking of blue chips after Friday's gains but generally the market is very quiet ahead of the release of more U.S. economic data tonight and an expected interest rate hike tomorrow. |