Market Updates

Inflation and interest rate worries returned as US bond yields spiked upwards

The STI fell every day, dropping 3.7% to 3,173.93 The fall was led by the banks, SIA and Sembcorp Industries Hawkish Fed minutes, China’s property worries and weak July export numbers were...

Read More

China’s slowdown dampened sentiment; US inflation data suggest still-tight monetary conditions

The STI added only 2 points or 0.06% at 3,294.28 China’s poor economy weighed on sentiment US inflation data suggested Fed will stay the course Singapore’s 2023 growth forecast downgraded, no technical...

Read More

Fitch’s downgrade of US credit and a weak Wall St saw the STI lose 2.3%

The STI fell 2.3% in line with Wall St after US debt downgrade by Fitch Friday’s US report suggested the Fed might still raise rates Singtel took a beating on Telkomsel earnings...

Read More

Monthly Market Wrap: “Inflation is headed down, so stocks are headed up”

Pessimism over inflation first dragged the STI to month-low of 3,139.47 Optimism then took over, STI quickly regained 3,200 then 3,300 For the month, the STI recorded a 168 points or 5.2% gain...

Read More

Hopes that the Fed will soon be done lifted Wall St, enabling the STI rebound strongly, led by the banks

The Straits Times Index jumped 93 points or 2.8% to 3,371.17 The rally came in tandem with sharp rises on Wall St Underpinning gains were hopes that the US Fed will soon...

Read More

Banks main drivers as fading US interest rate and inflation fears help support stocks

The STI rose 30 points or 0.9% at 3,278.3 in low volume as US rate fears ease Manulife US Reit in focus after steep valuation fall Sakae’s shares in play on news...

Read More

Easing US inflation worries helps STI jump 3.5%

The STI added 109 points of 3.5% to end at 3,248.63 A benign US consumer prices report was the main reason However, there’s still work to be done Futures market pricing...

Read More

Interest rate concerns, China’s slowdown drag STI first below 3,200 and then 3,150

The STI lost 66 points or 2.1% at 3,139.47 Hawkish US Fed minutes set the tone for higher interest rate expectations US jobs data dragged Wall St lower, probability of 25-basis points...

Read More

Monthly Market Wrap: US debt ceiling concerns eased to be replaced by inflation and interest rate considerations

The month kicked off with an easing of US debt concerns The month ended with US interest rates and inflation in focus US Federal Reserve left the door open for two more rate...

Read More

A tepid week where the STI fell 2.1% after hawkish Fed testimony

US Fed Reserve chair Jerome Powell signalled more rate hikes to come Wall St’s indices all fell; the STI dropped 2.1% to 3,191.6 Probability of a 25-basis points rate hike in July...

Read More