Market Updates

Rising bond yields sends stocks tumbling

The 10-year US Treasury yield is threatening to cross 5% Wall St stocks took a beating despite reporting good earnings The Straits Times Index lost its hold on 3,100, down 3.4% at...

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Middle East War Led To Rebound In Stocks And Easing Bond Yields

Fall in US Treasury yields helped STI add 11 points or 0.3% at 3,185.79 Also helping were less-hawkish comments from Fed officials Probability that the Fed will keep rates unchanged in Nov...

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Rise in bond yields brought the sellers out; STI down 1.3%

Surging bond yields in the US and Europe sent the STI down 1.3% to 3,174.39 Volume remained low, daily average was S$898m Silver lining: Rising bond yields may mean Fed won’t need...

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Monthly Market Wrap: “Higher for longer’’ – the Fed’s stance on rates made for a dull trading month

The STI lost 0.5% at 3,217.41 in a quiet trading month US rate worries meant Wall St posted its worst monthly performance of the year so far Latest US inflation data suggested 86%...

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The Fed paused, but US interest rate uncertainty remains

The US Fed held rates steady but indicated few cuts next year All major US indices lost ground for the week The Straits Times Index fell 2.3% to 3,204.82 US Treasury yields...

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Led by the banks, the STI added 2.3% for the week, but in low volume

A quiet week ahead of US CPI data ended with a push on the banks The STI gained 73 points or 2.3% at 3,280.69 The 3 banks gained 3-3.8% and accounted for...

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A quiet week of mixed economic data; STI dropped 0.8% to 3,207.75

The STI lost 26 points or 0.8% at 3,207.75 US economic data was mixed, tech stocks came under pressure Apple lost US$200b in market value on Wed & Thur on China concerns ...

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Monthly Market Wrap: A tough month for stocks with the STI down 4.2%

Fitch downgrade of US Govt debt kicked off a difficult month for stocks A spike up in the 10-year US Treasury yield brought pressure to bear The STI bottomed at 3,154 and closed...

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A listless week in which the STI rebounded 0.5% to 3,189.88

Investors waited for clues as to where US rates might be headed US Fed chair Powell delivered a hawkish speech at Jackson Hole The STI rose 15 points or 0.5% to 3,189.88 ...

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Inflation and interest rate worries returned as US bond yields spiked upwards

The STI fell every day, dropping 3.7% to 3,173.93 The fall was led by the banks, SIA and Sembcorp Industries Hawkish Fed minutes, China’s property worries and weak July export numbers were...

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