Market Updates

Quiet week as US debt ceiling talks continue to take centrestage

The STI added just 5 points or 0.16% at 3,207.39 Stalled US debt ceiling negotiations continued to hog the headlines Fitch Ratings issued warning on US debt Singapore’s April factory output down...

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US government debt ceiling talks hold centrestage

US debt ceiling talks provided the main focus Optimism that a deal could be struck soon supported Wall Street The STI ended an uneventful week 6 points lower at 3,202.59 Singapore’s NODX...

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With Wall St providing no direction, the STI fell every day last week

The STI fell for all five days, losing 58 points or 1.8% at 3,208.55 Banks led the falls on narrower NIM concerns – DBS lost 3.9%, OCBC fell 3.2% and UOB dropped...

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An ambiguous FOMC statement leaves investors wondering what comes next

The STI traded within a narrow range and lost 0.01% at 3,266.63 DBS reported a 43% jump in 1Q profit but its shares fell 2,.8% over the week Most analysts lowered their...

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Monthly Market Wrap: “Sell in May and go away?”

The STI rose 0.37% in April but fell 1.53% in the final week to 3,270.51 Main feature was fresh property cooling measures last week Factory output fell 4.2% in March Uncertainty and downside...

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Markets drift higher in quiet trading ahead of next FOMC

The STI added 19 points or 0.6% at 3,321.82 in quiet trading Singapore’s NODX contracted for 6th straight month in March STI generated 2.4% return in first 15 weeks of 2023: SGX ...

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Prices drifted sideways in thin volume

The STI rose only 2 points to 3,302.66 Average daily turnover was a low S$802m On Wall St, inflation worries appear to have eased – for now Futures market pricing in 83%...

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The rebound continued

Markets appear to have put banking worries behind them Upward momentum of previous week continued, STI gained 1.3% Sembcorp Marine in line for STI inclusion: BT report Singapore market is a safe...

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Monthly Market Wrap: Lurching from one crisis to another

The worry shifted from interest rates to a banking crisis Powell’s testimony early in the month spooked markets However, the banking crisis could see a more dovish Fed Wall St has rallied on...

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A rocky week for markets

The STI managed to rise 29 points in volatile trading to 3,212.64 US FOMC and Yellen’s comments paved the early direction Other central banks followed the Fed and raised rates US Treasury...

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