Market Updates

How long can banks support the STI in the face of rising interest rates and geopolitical risk?

Large gains in banks pushed the STI up 2.9% to 3,428.95 Wall St came under pressure from two fronts – inflation and Ukraine war concerns US bond yields initially spiked up, then dropped...

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Wall St rebound helps STI rise to 30-month high

In the US, earnings took over as the main driver All Wall St’s major indices registered gains for the week Banks led by UOB helped STI rise 2.5% to 30-week high of 3,331.41 ...

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Monthly wrap for January 2022: “As goes January, so goes the year”?

The STI gained 126 points or 4% in January at 3,249.59 The rise came despite Wall St’s nervousness and correction US investors worried about number of rate hikes in 2022 DBS and UOB...

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Inflation, interest rates and the Fed

The STI lost 48 points or 1.45% at 3,246.33 Main concerns were US Fed tightening in face of rising inflation Question is how many rate hikes there will be – 3 or 4? ...

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Banks help keep the STI afloat as Wall St tumbled

UOB took over from DBS as main bank play The STI added 13 points or 0.4% at 3,294.86 despite sliding Wall St SPACS Vertex Tech and Pegasus Asia debuted on Thurs and Fri...

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Banks continue to send STI higher

The Straits Times Index rose every day, adding 76 points or 2.4% at 3,281.97 The main push on the index came from the three banks Also helping was a relatively firm Wall St...

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Banks push STI 2.6% higher, above 3,200

A firm Wall St helped STI add 2.6% at 3,205.26 Singapore’s 2021 growth was highest since 2010 MCT fell and MNACT rose after their merger announcement Share buybacks in 2021 crossed S$1b FOMC...

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Monthly wrap for December 2021: A firm month to round off a firm year

The Straits Times Index rose 2.7% to end the year at 3,123.68 For 2021 the STI rose 9.8% making it one of region’s best performers Wall Street enjoyed one of its best years...

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Positive Omicron developments help markets rebound

Markets rebounded after initial selloff on positive Omicron news Wall St ended the week with the S&P 500 at an all-time high The STI dropped 39 points on Monday but recovered 36 from...

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Central banks in focus in soft week

The Straits Times Index lost 31 points or 1% at 3,111.63 The US Fed said it would wind up its bond buying by March and possibly raise rates three times next year Bank...

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