Herbert Lau Rate Quotations

We're seeing across the board buying after tame employment data out of the U.S., which is reducing pressure for interest rate hikes, and a good response to residential property sales over the weekend.

We're seeing some profit-taking of blue chips after Friday's gains but generally the market is very quiet ahead of the release of more U.S. economic data tonight and an expected interest rate hike tomorrow.

People are switching to utilities because there is a lot of uncertainty in the market about how deep the rate cut will be.

The market will stay in a trading range. The high oil prices and also the possible rate increase are pretty much priced in already.

The market is basically quite quiet. There's some profit-taking after yesterday's surge but overall market sentiment has stabilized somewhat because recent U.S. data has been quite positive and that has allayed fears about an interest rate rise this month.