Market Updates

STI rose 2.2% despite Pelosi’s Taiwan visit

Wall St wobbled due to Pelosi’s Taiwan visit but STI proved resilient Boosted by banks, the STI rose 2.2% Bank of England raised rates by most since 1995, warned of long recession ahead ...

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Monthly wrap for July 2022: Bad news is good news – until it is bad news

The STI rose 3.5% over the month to 3,211.56 underpinned by firm Wall St US market’s rally came on rising hopes of slower rate hikes as economy contracted in 2Q US futures market...

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STI up 2.6% thanks to Wall St’s rebound

All eyes on this week’s FOMC Probability of 75-basis points rate hike now 80%, 100-points is 20% US bond yields continued to fall; yield curve remained inverted STI rose 82 points or 2.6%...

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Inflation and interest rate concerns shave 1.02% off STI

The STI lost 32 points or 1.02% at 3,099.15 Main reason was continued US inflation and interest rate worries after news that CPI in June rose a higher-than-expected 9.1% Wall St is worried...

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Falling oil and commodity prices ease inflation worries – for now

The STI rose 36 points or 1.1% to 3,131.26 over the week The rise came in tandem with Wall St’s gains A dip in oil below US$100 per barrel and falls in most...

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US interest rate worries still call the tune

The STI fell 16 points or 0.5% to 3,095.59 US inflation and interest rate worries were still the main drivers Wall St kicked off the second half with a gain after release of...

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Monthly wrap for June 2022: The STI lost 4% in June on interest rate and inflation worries

The Straits Times Index dropped 4% at 3,102.21 in June Rising interest rate and inflation worries were the main factor The S&P 500 is down 21% this year, its worst 6 months since...

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Bad news for US economy is good news for stocks?

The STI rose 13 points or 0.4% over the week to 3,111.65 Traders kept a firm eye on Wall St for direction US Fed chairman Powell spoke about possibly slowing the pace of...

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“Is 75 the new 50?”

Wall St plunged into bear market territory The STI lost the 3,100 level, down 83 points or 2.6% at 3,098.09 The US Fed raised interest rates by 75 basis points on Wed Worries...

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Inflation and interest rate hikes return to drag STI down 1.5%

The STI lost 50 points or 1.5% over the week at 3,181.73 Average daily volume was a low S$1.15b Inflation in Europe and the US were main worries Stocks plunged on Thursday after...

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