Daily Market Report (7 Aug 2019)
- Financial markets look to be stabilising for now. Wall Street rebounded following a bloodbath on Monday. Nonetheless, we reckon investment climate is still volatile and prefer Mr Trump to zip his mouth shut.
- On the whole, investors remain jittery with many central banks are now looking to revise their respective interest rates lower.
- On the domestic front, we believe there to be some profit taking activities today as the market is expected to be in a consolidation mode.
