Market Updates

Worse economic news = better stock market performance

The STI lost 1.3% last week at 2,591.88; World equities continued to be supported by central bank, Govt stimulus and news of gradual reopenings; Wall St rose despite devastating jobs report; Eurozone’s...

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Monthly wrap for April 2020: STI rose 5.8% on hopes that things can only get better and central banks’ support

The STI gained almost 6% in April at 2,624.23; Markets were supported by hopes that a recovery is coming and massive central bank support; Gains came despite grim economic numbers; Oil prices...

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Negative oil prices added to the uncertainty

Negative oil and Gilead disappointment drag 3.7% off STI; Some European countries start partial reopening; US jobless claims continued to rise; Singapore banks will start earnings reporting this week; SIA responded to...

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Hopes of economic recovery support stocks

The STI gained 43 points or 1.7% over the week; Markets were supported by hopes that some economies might reopen soon; US stocks also boosted by report of encouraging drug test; In...

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Can the Fed defeat the virus?

Wall St gained 12% on hopes that the Fed’s money printing can save the US economy; The Straits Times Index followed suit, rising 7.6% over the four trading days; Oil prices rallied...

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Covid-19 woes continue to weigh on sentiment

The STI dropped 139 points or 5.5% over the week at 2,389.29; Government announced partial lockdown from 7 April; Government proposed rental relief Bill, analysts say it will hurt retail S-reits; Wall...

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Virus concerns, rescue packages were main drivers

The STI bounced almost 5% to 2,528.76 over the week; Main drivers were government stimulus packages; US government pledged US$2 trillion to fight virus-led slowdown; Singapore government pledged further S$48.4b; US Treasury...

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Virus fears vs central bank support: which will win?

STI dropped 224 points or 8.5% over the week to 2,410.74; Central banks will try to prop up economies, markets with stimulus; US Fed cut interest rates to almost zero; US government...

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On top of the virus came oil price worries

WHO declared Covid-19 to be a global pandemic; STI lost 11% - worst since 2008’s US sub-prime crisis; Wall Street entered bear market; Entire US Treasury yield curve dropped below 1%; US...

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Virus fears, Fed emergency rate cut and IMF, central bank aid were main drivers

The STI fell 50.1 points or 1.7% to 2,960.98 over a volatile week; Markets were driven by worries over the spread of the Covid-19 virus on one hand; On the other, prices...

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