ASEAN KEY DESTINATIONS
ASEAN Stock Market Outlook This Week
ASEAN stocks traded relatively well after a huge amount of pressure from a declining Wall St last week, this week everything is in favor of a strong ASEAN rally.
Singapore was hammered as falls in the USA were translated into heavy local selling, this week Singapore will bounce back very fast, Singapore should see the biggest gains in ASEAN for the week.
Malaysia will see continued good news from CIMB, AirAsia and Genting, this combined with better USA indicators will lift the Kuala Lumpur Exchange.
Jakarta and the other markets in ASEAN will all trade better with the strong USA news Ebeling Heffernan expect.
Thailand’s exports are exploding and the Stock Exchange of Thailand is in for a good week, remember Shayne Heffernan called the SET to reach 1000 in early 2011.
After a great earnings seasons the so called double dip fears drove world markets lower last week, but this week the number are going to be far better according to Ebeling Heffernan’s Shayne Heffernan.
Employment numbers research by Paul Ebeling show that the historically lagging indicator is, as it should be, trailing growth in other area’s of the economy.
Ebeling Heffernan say the Dow could go as high as 10680 in the coming week lifting markets globally.
Factory production and housing starts probably rose in July as part of the U.S. economy’s uneven transition to a slower pace of growth in the second half of the year, economists said reports this week will show.
Output increased 0.5 percent, led by a rebound in auto making as fewer plants closed for mid-year retooling, according to the median estimate of 57 economists surveyed by Bloomberg News before Federal Reserve figures Aug. 17. Another report may show work began on more houses for the first time since April.
Manufacturing, which spearheaded the recovery from the worst recession since the 1930s, will probably cool in coming months as a slowdown in consumer spending leads to fewer orders. A recovery that Fed policy makers said was “more modest” than they projected prompted central bankers last week to take additional steps to revive the economy.
“Growth is beginning to fade,” said Guy LeBas, chief fixed-income strategist at Janney Montgomery Scott LLC in Philadelphia. “The Fed is definitely justified in expressing concern.”
Automakers kept factories open last month after pulling back during the economic slump. Chrysler Group LLC slashed production by half in 2009, and General Motors Co. cut output by 44 percent as the companies went through bankruptcy and extended summer plant shutdowns. Ford Motor Co., the only major U.S. automaker to avoid bankruptcy, lowered output 16 percent, according to J.D. Power & Associates.
This year, GM kept most of its U.S. plants open during the traditional shutdowns, a move that economists said propelled auto output last month.