Outlook for 30-Dec-2010

Overnight, US market was closed relatively flat with DJIA up 9.84p to 11585.38p as oil price declined slightly while dollar continue to trade lower against major currency such as Yen and Euro.


My view today is that market will trade higher but with limited upside as investors will continue to prefer equity exposure over other asset class due to: i) low interest rate from US, ii) strength in commodity and iii) risk-return from dividend paying stock continued to be attractive.