Tuesday, 25 June 2013

WALL STREET OPEN HIGHER

With the increased volatility in global markets, markets face big swing up and down. Today we seen the Shanghai dropping more than 6% at one stage and recovering towards the closing bells. Dow Futures have been affected by the slump in the Chinese markets on policy cash crunch which is view as seasonal effect. " A People’s Bank of China official said on Tuesday that the central bank will guide interest rates to a “reasonable range”, suggesting a potential end to a cash crunch that has gripped the country’s financial system this month. " The global markets shall continue to recover and rally will come back eventually. SgxWinner will be watching how Wall Street perform and look out for further great buying opportunity tomorrow.
 
 

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