Market Updates

Stocks hold firm despite Fed hawkishness

The Straits Times Index gained 1.4% over the week at 3,272.23 The rise came despite hawkish comments by US Fed officials Wall St rose marginally, thus providing support for sentiment here US bond...

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Hopes that US inflation is moderating helped STI surge 3.1% past 3,200

Early Trading was driven by US mid-term elections, FTX bankruptcy On Thursday, Wall St posted huge rally on cooler inflation data US bonds also rallied, yields down sharply though curve remained inverted The...

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Despite disappointment that the Fed didn’t pivot, STI still managed 2.3% rise

The US Federal Reserve threw cold water on hopes that it would shift to more accommodative stance soon Despite the disappointment, the STI still managed a 2.3% rise thanks to strong bank earnings ...

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Monthly wrap for October 2022: STI down 1.2% for the month, all eyes on this week’s FOMC

The STI fell below 3,000 but regained it in the final week The STI’s loss for the month was 37 points or 1.2% at 3,093.11 The late bounce, mainly courtesy of the banks,...

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Earnings in focus as interest rate concerns take a back seat – for now

The STI rose 90 points or 3% to regain the 3,000 mark at 3,059.19 Banks drove most of the gains on expectations of record Q3 profits Wall Street focused more on earnings than...

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Interest rate worries sent STI to a 20-month low, below 3,000

Positive UK developments helped provide support early in week Bond yields remained high, STI caved in on Friday Loss for the week was 2.3%, STI below 3,000 at 20-month low US stocks and...

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STI down 3.4% ending at a 19-month low below 3,100

Continued interest rate worries cut 3.37% off STI, which closed at a 19-month low of 3,039.61 Singapore tech manufacturers hit by chip slowdown, US sanctions No sign of let-up in US rate hikes...

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An early bounce that fizzled out as rate fears returned

An early US helped the STI add 15 points or 0.5% at 3,145.81 The 2-year US Treasury yield first fell to 4.09% but later rebounded to 4.36% The 10-year US Treasury yield first...

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Monthly wrap for September 2022: Higher bond yields, stronger dollar taking their toll on stocks

The STI fell 91 points or 2.8% over the month to 3,130.24 but gained 0.9% over the third quarter Volume last week increased substantially Main reason for selling were plunges on Wall St...

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“Fear the Fed”

Wednesday’s FOMC reinforced the fear of a hawkish US Fed Wall St plunged for 4 consecutive days as bond yields spiked up The 2-year US Treasury yield closed at 4.212% The Straits Times...

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