Market Updates

STI hit by Italian, trade war worries

STI dropped 86 points or 2.4% over the week to 3,427.51; Geopolitical concerns rose to the fore in Italy, US trade war concerns returned; Volume boosted on 31 May by “portfolio rebalancing’’; US...

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Uncertainty over geopolitics and trade wars rule the day

  A strong start to the month, followed by a weak finish – the STI lost 5%; Malaysia’s general elections yielded an upset win for Opposition; US-China trade war put on hold (but not for long); US-North Korea meeting...

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STI likely to trade within narrow range

  Easing of US-China trade tensions helped week get off to firm start; Hyflux’s problems took a toll on sentiment; Fed’s dovish minutes helped prop up Wall St; Cancellation of US-North Korea summit brought pressure as week progressed; SGX...

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Rising bond yields and geopolitical concerns to threaten Goldilocks

  No blowout in Malaysia but North Korea concerns emerged; The local market traded within a narrow range with the STI falling 41 points or 1.1% over the week to 3,529.27; Wall Street might be banking on “Goldilocks’’ again; ...

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All eyes on Malaysia

The Malaysian general election provided the main focal point; Local energy stocks in play as oil touched US$77 per barrel after the US withdrew from its Iran nuclear deal; The US 10-year Treasury yield crossed 3% on Wednesday; Strength...

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“Buy the dips, sell the rips’’?

  Banks fell victim to “buy in anticipation, sell on news"; STI loses 1.9% over week Venture has been sunk by earnings worries The US FOMC kept interest rates unchanged Wall Street’s Friday rally came after weak jobs growth...

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Sell in May and go away?

Following the recent rally in March, the question on most investors’ minds is whether this is simply a counter trend relief rally or a continuation of the longer bull market we have seen...

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A flat week – and a flattening yield curve?

A common thread running through our market reports over the past few weeks is that investors should be keeping a close eye on developments in the US bond market, where the 10-year Treasury had been flirting with the 3% mark...

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A week of two halves

When Donald Trump assumed office as US president last January, the world braced itself for a trade war that he had promised with China. When none materialized in the subsequent months, markets drew a sigh of relief and turned their...

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A week of STI resilience despite US trade flip-flops, political turmoil and Middle East worries

Trying to gauge where stock markets might head is a notoriously difficult business without having to factor in a US President who flip-flops as often as Donald Trump. Markets spent last week – as they did the week before -...

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