Market Updates

Monthly Market Wrap: The Fed cut rates by 50 points, Wall Street rose and the STI hit 17-year highs

As was widely expected, the US Fed cut its interest rates in Sep The reduction was 50 basis points to 4.75-5% Market is now pricing in 52% chance of another 50-pts cut...

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Weakness in banks, Singtel dragged the STI down 1.5% but broad market was up

The STI fell 51 points or 1.4% to 3,573.36, dragged lower by banks and Singtel Despite index’s loss, market strength appeared to broaden last week On Wall Street, the Dow set its...

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The STI rose to a 17-year high after Fed cut rates by 50 basis points

As expected, the US Fed cut rates by 50 points to 4.75-5% Markets rallied, STI burst through 3,600 to its highest since 2007 Average daily volume was S$1.5b Key takeaways from the...

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Banks, Singtel drive STI to five consecutive 52-week highs above 3,500

A firm Wall Street helped push the STI to five consecutive rises, up 3.1% at 3,562.62 Wall St posted its best week of the year – after its worst week of the...

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A mixed week spent watching for US economic and inflation data

The Straits Times Index added 12 points or 0.3% at 3,454.47 Global markets were spooked by weak US manufacturing report On Wall Street, Nvidia crashed 9.5% on Tuesday In indifferent August jobs...

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Monthly Market Wrap: Turmoil, then recovery as STI first fell below 3,200 then closed at 3,442.93

On Aug 5, worries of a US hard landing sent stocks plunging The Straits Times Index closed at a month-low of 3,198 on 6 Aug US futures market priced in a 50%...

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Fading US recession fears and 100% chance of a Sept US rate cut lifts stocks

The STI added 35 points or 1.04% to end at 3,387.99 US Fed chairman Powell’s testimony guaranteed a Sep rate cut Minutes of Fed’s July meeting also point to Sep rate cut,...

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Fading US recession worries enabled STI, led by DBS, to recover 3,350 mark

Robust US economic data helped push the STI up 2.8% to 3,352.89 DBS led the way with a 5.9% jump, OCBC, UOB and Singtel also contributed US indices posted their best weekly...

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US recession worries sent STI below 3,300

Wall Street’s volatility rocked global markets, sending STI 3.5% down Average daily volume spiked up to S$1.96b versus S$1.37 in previous week Unwinding of “carry trade’’ could mean more pressure: analysts Probability...

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Fears of a US hard landing sent stocks plunging

The STI lost the 3,400 level, down 45 points or 1.3% at 3,381.45 Main worry from Wall St is that the US economy may suffer a hard landing SIA’s shares took a...

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