Market Updates

A slow start to the second half

The Straits Times Index rose 7 points last week to 3,128.95; The S&P 500 chalked up 7 consecutive all-time highs; Market cap of SGX stocks was S$$859b at end of June; US jobs...

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Monthly wrap for June 2021: A slow but steady recovery for the first half

The STI gained 287 points or 10.1% in 1H at 3,130.46; The STI lost 34 points or 1.07% in June; Main forces were economic recovery versus virus resurgence and US inflation; Wall St...

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Wall St’s all-time highs fail to lift STI

US market cheered US$1.2 trillion infrastructure package STI fell 23 points or 0.7% to 3,121.60 despite Wall St’s records; Wall Street’s “fear’’ index has fallen sharply, boosting sentiment; US inflation appears “transitory’’, also...

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A hawkish Fed puts the brakes on the market’s rise

The STI fell 13 points or 0.4% over the week to 3,144.16; A hawkish FOMC raised inflation worries and sent gold prices sliding; Wall St on Friday dropped sharply after the Fed’s Bullard...

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“Transitory” US inflation keeps sellers away – for now

US inflation – is it a problem or not? So far, Wall St seems to think any inflation is only “transitory’’ as S&P closed week at new record high; Bond market shares same...

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US jobs report took centrestage

The STI lost 27 points or 0.8% at 3,151.04 last week; Trading was cautious as the market waited for Friday’s May US jobs report; The Fed mid-week said it will start selling off...

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Monthly wrap for May 2021: Economic growth vs inflation made for a V-shaped month

The STI lost 54 points or 1.7% at 3.164.28 in May; Most of the loss came in the first fortnight after new waves of infections and new restrictions were announced locally; The bounce...

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STI gained 1.95% on economic optimism

Investors managed to shrug off US inflation and Fed tapering worries; The STI rose 61 points or 1.95% at 3,178.55; Positive local economic news helped, including new S$800m package; GDP strength translated...

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The STI managed to regain some ground lost in previous week

Wall St’s inflation worries were main focus as STI rose 2% to 3,117.89; US Fed hinted at reducing asset purchases; Stocks bounced in second part of week on strong US economic data; ...

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“Sell in May and go away”

Wall St’s volatility and US inflation fears brought the sellers out; Adding to the pressure was news of fresh local curbs; The STI fell 145 points or 4.5% to 3,055.02; Stocks in...

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