The local stock market continues to face downward pressure due to renewed geopolitical volatility, though positive Wall Street performance might trigger some bargain hunting. Investors should remain cautious in the absence of fresh catalysts. Globally, attention is on UK retail sales and US Michigan Consumer Sentiment data. Domestically, focus remains on quarterly earnings and CPI data. Gold-related stocks may benefit from rising bullion demand as prices strengthen above USD 2,670/oz, while oil and gas stocks could gain from escalating Russia-Ukraine tensions.
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