On the down side, Apple’s selling pressure continued as its market domination was facing strong challenge from Chinese smart phones companies like Xiao Mi, And US Democrat to take the chair of House banking sector committee signaled no hope of regulation relaxation as promised by Trump, at least in the medium term. On the other hand, IMF cutting next year global economic growth forecast gave markets another reason better to stay on the sideline.
On the upside, we saw oil rebound amid rumors OPEC likely to cut production in the coming meeting.
In other words, global markets were threading water, struggling to maintain its posture, not to mention upward momentum.
We have invited independent economic analyst and strategist, Dr Po Man Chan to shed us some lights about the health of the markets these days.
