Market Updates

A week of two halves as STI tracks Wall St, local virus developments

The Straits Times Index first fell, then rebounded to record a net gain of 5 points at 3,157.05 last week; Rising virus numbers led to the fall, Wall St’s gains helped the rebound; ...

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US inflation and virus surge versus upgraded domestic growth forecasts

The STI added 21 points or 0.7% at 3,152.30; On one hand, US inflation and growth concerns capped gains; On the other hand, there was positive domestic economic news; US Fed chief Jerome...

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A volatile week but the STI managed a 3-pt gain

China’s attack on its US-listed companies drove early selling; Economic concerns prompted US bond rally – until Friday; STI recorded large daily swings with net 3 points gain at 3,131.40; US 10-year Treasury...

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A slow start to the second half

The Straits Times Index rose 7 points last week to 3,128.95; The S&P 500 chalked up 7 consecutive all-time highs; Market cap of SGX stocks was S$$859b at end of June; US jobs...

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Monthly wrap for June 2021: A slow but steady recovery for the first half

The STI gained 287 points or 10.1% in 1H at 3,130.46; The STI lost 34 points or 1.07% in June; Main forces were economic recovery versus virus resurgence and US inflation; Wall St...

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Wall St’s all-time highs fail to lift STI

US market cheered US$1.2 trillion infrastructure package STI fell 23 points or 0.7% to 3,121.60 despite Wall St’s records; Wall Street’s “fear’’ index has fallen sharply, boosting sentiment; US inflation appears “transitory’’, also...

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A hawkish Fed puts the brakes on the market’s rise

The STI fell 13 points or 0.4% over the week to 3,144.16; A hawkish FOMC raised inflation worries and sent gold prices sliding; Wall St on Friday dropped sharply after the Fed’s Bullard...

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“Transitory” US inflation keeps sellers away – for now

US inflation – is it a problem or not? So far, Wall St seems to think any inflation is only “transitory’’ as S&P closed week at new record high; Bond market shares same...

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US jobs report took centrestage

The STI lost 27 points or 0.8% at 3,151.04 last week; Trading was cautious as the market waited for Friday’s May US jobs report; The Fed mid-week said it will start selling off...

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Monthly wrap for May 2021: Economic growth vs inflation made for a V-shaped month

The STI lost 54 points or 1.7% at 3.164.28 in May; Most of the loss came in the first fortnight after new waves of infections and new restrictions were announced locally; The bounce...

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