 |
My english translation for today radio sharing on FM 96.3 on my views and insights on the markets: 🙂
Hi Everyone, I m Eric Oh, Financial Services Manager from Phillip Securities.
In this radio sharing, let’s talk about the US market first. The potential federal government shut down that may occur next week may cause the credit rating agencies to downgrade US credit grade. This potential downgrade underscores the weakness of US institutional and governance strength.
Another important release on 26 September showed the drop in US consumer confidence to 103 in September from 108.7 in August. This measure reflects how consumers view the overall economy, business conditions, and labour market presently and over the next six months which could be due to persistent worries on higher prices and rising fears of recession.
As a result, this may lead to potential increased volatility in the market. Another area is the US high oil price WTI which has surged more than 30% since end June from $70 which could cause the Fed to maintain the higher interest rate for longer stance. Hence the above factors may have reduced the risk appetite of many investors.
As such amid the increased volatility seen in current market conditions, one should adopt a long-term perspective when investing to avoid ditching their current investment plan when volatility increases.
If you have any enquiries or wish to seek professional advice with regards to stock market and investment, kindly contact me at my Facebook Ericwealthadvisory or mobile 90685256. Thank you and wishing everyone a joyous Mid-autumn festival.
🙂Previous post: https://lnkd.in/gQcjDJ2j
😊 To stay tune for next juicy post: Follow or subscribe to my social media presence below. Thanks
If you find value and benefitted from my sharing, pls like, subscribe and follow my social media sites too.
Our Social Media Presence
Blog: https://lnkd.in/eg5msiXY
Website: https://bit.ly/EricWA
Linkedin: https://bit.ly/Lericoh
Youtube: https://bit.ly/YTericoh
Facebook: https://bit.ly/FBericoh
Company URL: https://bit.ly/TTPericoh
Instagram: https://bit.ly/Iericoh
Investingnote: https://bit.ly/ericinvestnote
Make an appointment: https://bit.ly/contactEric
Click to listen to FM96.3 radio Version: https://lnkd.in/gdRNGZRg
#PhillipCapital #ServingYousince1975 #YourPartnerinFinance #TalktoPhillip #AskMeAnything #PhillipCapital #PhillipWealthAdvisory #PhillipCapitalEntrepreneurs