Market Updates

Benign US inflation data helped fuel STI’s continued rise

The STI managed a second week of gains in 2023, up 0.5% at 3,293.75 Helping fuel the rise was benign US inflation data Wall St rose, with Nasdaq up six days in a...

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STI rose 0.76% in first week of 2023

The STI kicked off the year with a 0.76% rise in the first week The gain came despite hawkish Fed minutes Wall St plunged on Thursday but rallied on Friday after Dec jobs...

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Monthly wrap for December 2022: A 1.18% loss for the STI – but still a gain of 4.09% for the year

December’s main focus was the US FOMC which yielded a 50-pts rate hike The accompanying statement was not dovish, so stocks came under pressure The STI fell 1.18% for the month, but still...

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No Santa Claus rally in sight yet

The Straits Times Index gained 17 points or 0.5% at 3,257.70 Daily trading volume was low, averaging S$735m No year-end or “Santa Claus’’ rally in sight yet Wall Street provided no direction, economic...

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Markets unable to shake Fed dread

All eyes were on the FOMC meeting at which a 50-points rate hike was widely expected The Fed delivered the 50 points but there was no dovish shift Fed’s “dot plot’’ shows higher...

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Stocks dip ahead of FOMC

The Straits Times Index fell 14 points or 0.43% to 3,245.97 Wall St stocks also fell ahead of the 14 Dec FOMC In the US, good news for the economy is bad news...

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Powell’s comments help lift stocks

The STI and volume benefited from month-end “portfolio rebalancing’’ with the index rising 0.4% to 3,259.14 Comments by Us Fed chair Jerome Powell helped ease interest rate worries Probability that Dec’s rate hike...

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Monthly wrap for November 2022: The STI rose 6.4% in November, driven by earnings and hopes of a slowdown in US rate hikes

Good earnings and hopes of a slowdown in rate hikes helped the STI rise 197 points or 6.4% to 3,290.49 Singapore’s market cap rose 5% in Nov to S$830.5b The STI’s market cap...

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Encouraging Fed minutes had little effect, STI down 0.86%

The STI fell 28 points in low volume to 3,244.55 despite seemingly positive Fed minutes On closer look at the minutes, some interest rate concerns remain Market now betting on 50-points rate hike...

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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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