Singapore share prices are expected to rise in the week ahead but gains will be capped by concerns of possibly higher US interest rates, dealers said Friday. They said trading interest was also expected to be lower with the month-long World Cup football tournament starting likely to sap investor interest.
"Next week, trading volume will slow down, so the market is unlikely to rebound a lot," said a dealer at a local brokerage.
"The World Cup, starting tonight (Friday), is expected to dry up some market liquidity, so I don't think the market rebound can be sustained".
Meanwhile, investors will be watching closely the US Federal Reserve's meeting at the end of the month to see if it will raise interest rates to tame inflationary pressures in the world's biggest economy, dealers said.
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