Market Updates

Monthly Market Wrap: “Higher for longer’’ – the Fed’s stance on rates made for a dull trading month

The STI lost 0.5% at 3,217.41 in a quiet trading month US rate worries meant Wall St posted its worst monthly performance of the year so far Latest US inflation data suggested 86%...

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The Fed paused, but US interest rate uncertainty remains

The US Fed held rates steady but indicated few cuts next year All major US indices lost ground for the week The Straits Times Index fell 2.3% to 3,204.82 US Treasury yields...

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Led by the banks, the STI added 2.3% for the week, but in low volume

A quiet week ahead of US CPI data ended with a push on the banks The STI gained 73 points or 2.3% at 3,280.69 The 3 banks gained 3-3.8% and accounted for...

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A quiet week of mixed economic data; STI dropped 0.8% to 3,207.75

The STI lost 26 points or 0.8% at 3,207.75 US economic data was mixed, tech stocks came under pressure Apple lost US$200b in market value on Wed & Thur on China concerns ...

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Monthly Market Wrap: A tough month for stocks with the STI down 4.2%

Fitch downgrade of US Govt debt kicked off a difficult month for stocks A spike up in the 10-year US Treasury yield brought pressure to bear The STI bottomed at 3,154 and closed...

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A listless week in which the STI rebounded 0.5% to 3,189.88

Investors waited for clues as to where US rates might be headed US Fed chair Powell delivered a hawkish speech at Jackson Hole The STI rose 15 points or 0.5% to 3,189.88 ...

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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...

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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...

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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...

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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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