Market Updates

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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STI up 2.6% thanks to Wall St’s rebound

All eyes on this week’s FOMC Probability of 75-basis points rate hike now 80%, 100-points is 20% US bond yields continued to fall; yield curve remained inverted STI rose 82 points or 2.6%...

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Inflation and interest rate concerns shave 1.02% off STI

The STI lost 32 points or 1.02% at 3,099.15 Main reason was continued US inflation and interest rate worries after news that CPI in June rose a higher-than-expected 9.1% Wall St is worried...

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Falling oil and commodity prices ease inflation worries – for now

The STI rose 36 points or 1.1% to 3,131.26 over the week The rise came in tandem with Wall St’s gains A dip in oil below US$100 per barrel and falls in most...

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US interest rate worries still call the tune

The STI fell 16 points or 0.5% to 3,095.59 US inflation and interest rate worries were still the main drivers Wall St kicked off the second half with a gain after release of...

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Monthly wrap for June 2022: The STI lost 4% in June on interest rate and inflation worries

The Straits Times Index dropped 4% at 3,102.21 in June Rising interest rate and inflation worries were the main factor The S&P 500 is down 21% this year, its worst 6 months since...

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Bad news for US economy is good news for stocks?

The STI rose 13 points or 0.4% over the week to 3,111.65 Traders kept a firm eye on Wall St for direction US Fed chairman Powell spoke about possibly slowing the pace of...

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