Market Updates

“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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STI rose 2.2% despite Pelosi’s Taiwan visit

Wall St wobbled due to Pelosi’s Taiwan visit but STI proved resilient Boosted by banks, the STI rose 2.2% Bank of England raised rates by most since 1995, warned of long recession ahead ...

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Monthly wrap for July 2022: Bad news is good news – until it is bad news

The STI rose 3.5% over the month to 3,211.56 underpinned by firm Wall St US market’s rally came on rising hopes of slower rate hikes as economy contracted in 2Q US futures market...

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