Market Updates

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...

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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...

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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...

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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...

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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...

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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...

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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...

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After a pause, what’s next?

The US Fed paused in its rate hikes but signalled more in store Futures market now pricing in 74% chance of 25-points hike on 26 July STI rose every day, adding 74...

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Debt crisis averted, it’s back to economic, inflation and interest rate concerns

The STI added 20 points or 0.6% at 3,186.97 Markets are back to waiting for US interest rate signals, hoping for a pause in rate hikes Chance of a pause at this...

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US ceiling problem solved, now back to inflation and interest rate worries

The STI fell 41 points or 1.3% to 3,166.3 US debt ceiling talks were resolved, markets to turn attention back to interest rates US market rallied strongly on Friday after strong April...

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