Market Updates

Dovish comments from the US Fed fuelled a Wall St rally

As expected, the US Fed kept rates on hold – but signalled 0.75% cut this year Wall St’s major indices set new all-time highs on Wed and Thursday Bond yields fell, probability...

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STI rose 0.8% as Wall St proved resilient to adverse inflation data

Major US indices closed flat despite adverse CPI and PPI data Probability of rate cut next week only 1%; market expects first cut in June STI rose 0.8% to 3,172.96; Friday’s volume...

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STI narrowly avoided losing 3,100, closed with 0.4% gain at 3,147.09

After threatening to fall below 3,100, the STI rebounded US stocks came under pressure after Fed chief’s testimony, strong jobs report Probability of US rate cut this month only 3% Tech sector...

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The STI fell 1.5% even as Wall St powered to new highs

The local market’s decoupling this year from Wall St continued The STI fell 1.5% to 3,135.76 even as US stocks rose to new highs Probability of US rate cut only 5%...

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Monthly Market Wrap: STI struggled to hold on to 3,200 even as Wall St rallied to new highs

The STI regained the 3,200 level but eventually fell below For the month, the loss was 12 points or 0.4% at 3,141.85 Meanwhile, tech stocks continued to power Wall St to new...

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STI loses grip on 3,200 mark, a victim of “buy in anticipation, sell on news”

UOB, SIA, Genting SIngapore and Sembcorp all rose ahead of earnings but plunged afterwards The STI lost the 3,200 mark with a 37-points fall to 3,184.91 Minutes of latest US Fed meeting...

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Led by the banks, STI woke from its slumber, gaining 2.64% and closing above 3,200

The STI added 83 points in improved volume to finish at 3,221.84 Gains were mainly from banks and came despite wobbles on Wall St US indices closed lower for the week after...

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The decoupling from Wall Street continued

Local market’s decoupling from Wall St since start of 2024 continued The STI fell 41 points or 1.3% to 3,138.30 even as US stocks hit new highs Rising bond yields didn’t slow...

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A modest gain even as Wall St powers to new all-time highs

As expected, the US Fed held rates steady but also signalled no March cut Wall St finished the week at new all-time highs despite sharp rise in 10-year Treasury yield to 4.03% ...

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Monthly Market Wrap: A decoupling from Wall Street – the STI lost 2.2% whilst US indices ended just below all-time highs

The STI fell 2.7% even as Wall St racked up several all-time highs The US Fed kept rates unchanged but signalled that inflation is still too high Final test results for Cordlife’s impacted...

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