STI gained 1.95% on economic optimism
May 31, 2021Investors managed to shrug off US inflation and Fed tapering worries; The STI rose 61 points or 1.95% at 3,178.55; Positive local economic news helped, including new S$800m package; GDP strength translated...
Read MoreThe STI managed to regain some ground lost in previous week
May 24, 2021Wall St’s inflation worries were main focus as STI rose 2% to 3,117.89; US Fed hinted at reducing asset purchases; Stocks bounced in second part of week on strong US economic data; ...
Read More“Sell in May and go away”
May 17, 2021Wall St’s volatility and US inflation fears brought the sellers out; Adding to the pressure was news of fresh local curbs; The STI fell 145 points or 4.5% to 3,055.02; Stocks in...
Read MoreVirus resurgence and Wall St’s strength make for a week of two halves
May 10, 2021The STI lost 18 points or 0.5% at 3,200.26 in a week of two halves; The first half was marked by selling after virus resurgence worries; The second half saw a rebound...
Read MoreMonthly wrap for April 2021: Slow and steady
May 3, 2021The STI gained 53 points or 1.7% at 3,218.27 during the month; The main reason was rising optimism of an economic recovery; and an accommodative US Fed; A firm Wall St provided...
Read MoreThe STI lost its grip on 3,200 but sentiment remained positive
April 26, 2021Wall Street’s movements continued to set the direction; US market wobbled on Thursday after news of Biden’s tax plan but recovered on Friday after positive economic news; Bitcoin and other cryptocurrencies collapsed...
Read MoreExpectations of recovery from COVID-19 continued to drive stocks
April 19, 2021STI rose 17 points on Friday to close at 3,201.76; All the index’s weekly gain came on Friday; Record highs on Wall St provided main external backdrop; US market was supported by...
Read MoreMarket remained supported by firm Wall St sentiment
April 12, 2021The STI added just 3 points over the week at 3,184.54; Positive Wall St sessions provided the main support; US sentiment remained firm thanks to assurances from the Fed; US trading volume...
Read MoreSentiment remained firm on recovery expectations
April 5, 2021Recovery hopes continued to underpin buying of stocks; STI gained 0.7% at 3,181.68; On Wall St, the S&P 500 ended the week above 4,000 for the first time; US Treasury yields remained...
Read MoreMonthly wrap for March 2021: Stocks rise as investors bank on continued economic recovery, relief that US stimulus was finally approved
April 1, 2021The STI gained 7.3% in March, 11.3% for first quarter; Investors banked on an economic recovery gaining pace; US President Joe Biden’s US$1.9 trillion package played a big part; Equally important was...
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