While Federal Reserve Chairman Ben Bernanke is likely a bit relieved to be out of the financial spotlight for a change this week due to the immediacy of the U.S. debt ceiling deadline, the impact of U.S. fiscal policies in the weeks ahead could very well increase the likelihood of a third round of quantitative easing, QE3.

U.S. debt ceiling deadline on August 2 fears infect all Asia markets. FBM KLCI see some good support on 1,560 level, as we all know the market is supported by foreign investor money so they need to support it and push higher before they run away. For now they all need to wait till GE13 when the share move up before they will flow out the money again.