Virus news still the main driver
July 27, 2020STI fell 1.5% over the week to 2,579.51; Singapore’s factory output was -6.7% y-o-y in June; Flight to safety pushed gold near all-time high; EU leaders agreed on a historic stimulus package; ...
Read MoreVaccine hopes support stocks even as economic and virus news grows more grim
July 20, 2020The STI lost 34 points or 1.4% at 2,618.48; Bad economic news depressed prices, vaccine hopes and firm Wall St provided support; Local economy contracted a record 12.6% in 2Q, entered into...
Read MoreA flat week as prices drifted ahead of GE2020
July 13, 2020Stocks were flat last week, the STI was unchanged at 2,652.65; Hopes of a drug treatment for COVID-19 boosted Wall Street; US jobless claims were lower, also providing support; US Treasuries provided...
Read MoreSTI gained 1.8% but analysts are cautious
July 6, 2020The Straits Times Index added 48 points or 1.8% at 2,652.94; Hong Kong property play helped keep sentiment here firm; US jobs report supported stocks, but record virus infections put pressure on...
Read MoreMonthly wrap for June 2020: It was all about COVID-19
July 1, 2020The STI gained 2.7% for the month, but was down 19.6% for first half of 2020; Month started on firm footing as economies reopened; US FOMC’s sober outlook put brakes on gains...
Read MoreTracking COVID-19 and Wall Street
June 29, 2020The STI fell 30 points or 1.2% over the week to 2,604.51; Prices continued to track COVID-19 developments and Wall St; Industrial production fell in May; Possible window-dressing in week ahead off...
Read MoreAn uneasy calm
June 22, 2020Despite Friday’s slide, STI still gained 1% over the week; Daily volume remained at healthy levels; Economy moved to Phase Two of reopening on Friday; Singapore’s NODX dropped 4.5% in May but...
Read MoreReality check
June 15, 2020Markets plunge on worries of second COVID-19 wave; The Dow suffered its 4th worst loss in history on Thursday; US Federal Reserve delivered sobering assessment of US economy; SembCorp Industries and SembCorp...
Read MoreA good start as hopes of swift recovery take grip
June 8, 2020Markets all over world switch to “risk on’’ mode; STI powered up by 8.8% on hopes of swift economic recovery; Underpinning hopes was large-scale monetary and fiscal stimulus; Encouraging economic numbers from...
Read MoreMonthly wrap for May 2020: Stocks lose ground as virus realities take grip
June 1, 2020The STI lost 4.3% over the month on worries over COVID-19’s impact on the economy; Wall Street stayed resilient despite rising US-China tensions; Hong Kong passed controversial security law, US imposed sanctions; ...
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