STI up 2.6% thanks to Wall St’s rebound
July 25, 2022All 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%...
Read MoreInflation and interest rate concerns shave 1.02% off STI
July 18, 2022The 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...
Read MoreFalling oil and commodity prices ease inflation worries – for now
July 12, 2022The 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...
Read MoreUS interest rate worries still call the tune
July 4, 2022The 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...
Read MoreMonthly wrap for June 2022: The STI lost 4% in June on interest rate and inflation worries
July 1, 2022The 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...
Read MoreBad news for US economy is good news for stocks?
June 27, 2022The 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...
Read More“Is 75 the new 50?”
June 20, 2022Wall St plunged into bear market territory The STI lost the 3,100 level, down 83 points or 2.6% at 3,098.09 The US Fed raised interest rates by 75 basis points on Wed Worries...
Read MoreInflation 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...
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