Market Updates

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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The US Fed – caught between a rock and a hard place

Banks in focus as STI underwent volatile week. News of bailouts for US banks and Credit Suisse helped STI rise 6 points or 0.18% to 3,183.28. All eyes on US Fed next...

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US interest rate and bank worries drag market lower

The STI lost 55 points or 1.7% over the week at 3,177.43. US Fed chief Jerome Powell’s testimony to Congress started the selling. Collapse of Silicon Valley Bank raised contagion concerns. US...

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STI down 1.5% on inflation, rate hike worries

The STI fell every day last week, losing 50 pts or 1.5% at 3,232.02. US inflation and higher interest rates were the main reasons. Wall St managed to rally despite rise in...

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Monthly wrap for February 2023: Renewed US rate worries cut 3.1% off the STI

The STI fell 3.1% in Feb to 3,262.63 on renewed US rate worries. All 3 US indices fell over the month. Market is now pricing in 25% chance of 50-points rate hike this...

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US interest rate worries continue to haunt the local market

The STI fell for 4 out of 5 days, losing 1.4% at 3,282.3. US interest rate fears continued to haunt the market. Wall St stocks and bonds tumbled after Friday’s release of...

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US rate fears continue to weigh on markets

The Straits Times Index lost 1% at 3,328.37. Uncertainty over direction of US interest rates were main cause. Latest US CPI figures and comments by Fed officials spooked Wall St. US Treasury...

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STI drops 0.7%, markets unsure of where US interest rates are headed

Ambiguous Fed statements are confusing markets. With US Treasury bond yields rising, all 3 Wall St indices closed lower for the week. The STI reflected this uncertainty, dropping 0.7% to 3,360.69. All...

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