STI down 3.4% ending at a 19-month low below 3,100
October 17, 2022Continued interest rate worries cut 3.37% off STI, which closed at a 19-month low of 3,039.61 Singapore tech manufacturers hit by chip slowdown, US sanctions No sign of let-up in US rate hikes...
Read MoreAn early bounce that fizzled out as rate fears returned
October 10, 2022An early US helped the STI add 15 points or 0.5% at 3,145.81 The 2-year US Treasury yield first fell to 4.09% but later rebounded to 4.36% The 10-year US Treasury yield first...
Read MoreMonthly wrap for September 2022: Higher bond yields, stronger dollar taking their toll on stocks
October 3, 2022The STI fell 91 points or 2.8% over the month to 3,130.24 but gained 0.9% over the third quarter Volume last week increased substantially Main reason for selling were plunges on Wall St...
Read More“Fear the Fed”
September 26, 2022Wednesday’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...
Read MoreAll eyes on this week’s FOMC
September 19, 2022After 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...
Read MoreSTI gained 1.8% thanks for Wall St rebound
September 12, 2022A 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...
Read MoreSTI down 1.3% on US rate hike fears
September 5, 2022STI 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...
Read MoreMonthly wrap for August 2022: “Don’t Fight the Fed”
September 1, 2022The 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...
Read MoreA flat week for the STI but Wall Street fell into a Hole
August 29, 2022The 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...
Read MoreTrying to figure out the Fed’s next move
August 22, 2022The 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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