Inflation and interest rate hikes return to drag STI down 1.5%
June 13, 2022The STI lost 50 points or 1.5% over the week at 3,181.73 Average daily volume was a low S$1.15b Inflation in Europe and the US were main worries Stocks plunged on Thursday after...
Read MoreRising oil, weak Wall St made for a flat week for local stocks
June 6, 2022The STI ended the week flat in cautious trading A spike up in oil prices initially brought pressure For Wall St, good news for the economy is bad news for stocks Strong...
Read MoreMonthly wrap for May 2022: “Sell in May and Go Away”
June 1, 2022The STI lost 124 points or 3.6% over the month at 3,232.49 The fall was in tandem with steep losses on Wall St Main concerns were US interest rates and inflation, and China’s...
Read MoreA week of two halves
May 30, 2022The STI first sank to 3,179 during the week before rebounding to 3,230.55 Thanks to Wall St’s second half rebound, STI’s net loss was only 0.3% Singapore’s 2022 growth likely to fall in...
Read MoreChina’s reopening and rate cut helped make up for a torrid week for Wall St
May 23, 2022The Straits Times Index rose 49 points or 1.5% to 3,240.58 Main support came from positive news out of China Wall St continued to be rocked; S&P 500 on the brink of bear...
Read MoreStocks rebounded on Friday the 13th but same concerns remain
May 17, 2022Despite Friday’s 25-points rise, the STI lost 100 points or 3% at 3,191.16 Wall St also rose on Friday, reportedly because of Fed chief Powell’s comments as well as falling bond yields More...
Read MoreSTI lost 2% in line with sharp falls on Wall St
May 9, 2022The week’s main focal point was the US FOMC meeting Despite the Fed’s dovishness, Wall St eventually buckled The STI followed suit, dropping 65 points or 2% at 3,291.89 US bond yields spiked...
Read MoreMonthly wrap for April 2022: STI down 1.5% in April
May 4, 2022The STI was well-supported despite Wall St’s plunges DBS and OCBC’s 1Q earnings were in line with expectations, UOB’s fell short US stocks underwent their worst 4 months since 1939 on spiking inflation...
Read MoreThe STI’s rebound could be short-lived after Wall Street’s Friday plunge
April 25, 2022The Straits Times Index gained 26 points or 0.8% at 3,361.11 Rise could be short-lived following Wall Street’s Friday plunge US stocks under pressure from rapidly rising bond yields US Fed: 50 basis...
Read More“Sell in May and go away”?
April 18, 2022The Straits Times Index fell 48 points or 1.4% to 3,335.85 Reasons were the ongoing war in Ukraine, risk of recession and a hawkish US Federal Reserve Singapore’s Q1 GDP growth was 3.4%,...
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