Daily Markets Briefing: STI up 0.02%

Brace for a pullback today.

According to OCBC, continued gains on Wall Street overnight should provide a modest lift to local sentiment today, although the overall tone is still expected to remain fairly cautious; this as the US Fed is widely expected to announce a rate hike at the end of their 2-day meeting tonight.

For now, 2800 looks to be quite well protected; and with the RSI hovering just above the oversold region, we could potentially get a technical rebound soon, OCBC said.

Here’s more from OCBC:

But as before, the inability to convincingly clear the immediate 2850 hurdle could still see selling into strength and send the index back towards 2800.

A breach of this key support would not bode well and the index could slide back to 2740 before finding firmer support.

Above 2850, we peg the next resistance at 2876.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia