Daily Markets Briefing: STI up 0.4%

And today could end even better.

According to OCBC, the optimism displayed on Wall Street last Friday night could continue to inspire the local bourse to a positive start this morning.

Here's more from OCBC:

Following a 0.4% recovery in the last session, the STI is now just a few points shy of testing the 3280 immediate resistance.

With today’s tone likely to remain more upside biased, we could potentially see the index crossing this hurdle before heading for the 3300 psychological obstacle next.

On the downside, the immediate base is still pegged at the 3220 key support, followed by the next support at the 3180 level.

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