SINGAPORE (Oct 22): Volatility appears to be the theme of the day in global stock markets. Investors are noticeably jittery, following a bruising couple of weeks, although a steadier Wall Street has allayed the worst of fears, for now. 

The US economy remains in good shape. Recent data showed a record number of jobs available in August. The main worry is rising valuations and a widening valuation gap with the rest of the world. 

Thus, the current 3Q2018 results season would be key in whether the recent selloff is just a blip or the beginning of a broader downtrend. Consensus is expecting y-o-y earnings growth in the region of 20% or so. If companies can beat market expectations, then stocks may well resume their record run. 

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook