Market Updates

An early bounce that fizzled out as rate fears returned

An early US helped the STI add 15 points or 0.5% at 3,145.81 The 2-year US Treasury yield first fell to 4.09% but later rebounded to 4.36% The 10-year US Treasury yield first...

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Monthly wrap for September 2022: Higher bond yields, stronger dollar taking their toll on stocks

The STI fell 91 points or 2.8% over the month to 3,130.24 but gained 0.9% over the third quarter Volume last week increased substantially Main reason for selling were plunges on Wall St...

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“Fear the Fed”

Wednesday’s FOMC reinforced the fear of a hawkish US Fed Wall St plunged for 4 consecutive days as bond yields spiked up The 2-year US Treasury yield closed at 4.212% The Straits Times...

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All eyes on this week’s FOMC

After last week’s US CPI figure, market is assigning 18% chance rates will rise 100 points this week Despite Wall St’s plunge, the STI gained 6 points or 0.18% at 3,268.29 US Treasury...

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STI gained 1.8% thanks for Wall St rebound

A Wed-Friday US market rally helped push STI up 1.8% to 3,262.95 Wall St’s rally was said to be due to easing of pressure on bonds Comments from Fed officials point to continued...

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STI down 1.3% on US rate hike fears

STI lost 44 points or 1.35% at 3,205.69 for the week Main concern was rising US interest rates after Jackson Hole speech However, a cool jobs report meant probability of 75-points rate hike...

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Monthly wrap for August 2022: “Don’t Fight the Fed”

The month started with Pelosi’s controversial Taiwan visit The month ended with Fed chief Powell’s Jackson Hole speech In between, Wall St thought the Fed would switch to a dovish stance The wrong...

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A flat week for the STI but Wall Street fell into a Hole

The Straits Times Index rose 3 points to 3,249.53 Traders were cautiously optimistic that Fed chief Powell’s Jackson Hole comments would be dovish Instead, US stocks plunged by 3% on Friday on Powell’s...

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Trying to figure out the Fed’s next move

The Straits Times Index fell 23 points or 0.7% to 3,246.51 Traders spent the week trying to figure our what the US Fed might do next Minutes of FOMC meeting provided no clarity ...

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STI slipped 0.4% despite Wall St’s continued rebound

The STI regained 3,300 level on Thursday but lost it on Friday The net loss for the week was 13 points or 0.4% at 3,269.27 Meanwhile, benign US inflation data helped Wall St...

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